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200305140
<br />(I)Applicable law means all controlling applicable federal, state and local statutes, regulations, ordinances and
<br />administrative rules and orders (that have the effect of law) as well as all applicable final, non - appealable judicial opinions.
<br />(.)Community Association Duce, Fees, and Assessments means all dues, fees, assessments and other charges that are
<br />imposed on Borrower or the Property by a condominium association, homeowners association or similar organisation.
<br />(IQElectmnic Funds Transfer means any transfer of funds, other than a transaction originated by check, draft, or
<br />similar paper instrument, which is initiated through an electronic terminal, telephonic instrument, computer, or magnetic tape
<br />so as to order, instruct, or authorize a financial institution to debit or credit an account. Such term includes, but is not limited
<br />to, point -of -sale transfers, automated teller machine transactions, transfers initiated by telephone, wire transfers, and
<br />automated clearinghouse transfers.
<br />(L)Escrow Items means those items that are described in Section 3.
<br />(NnMisecllaneous Proceeds means any compensation, settlement, award of damages, or proceeds paid by any third
<br />party (other than insurance proceeds paid under the coverages described in Section 5) for. (i) damage to, or destruction of, the
<br />Property; (ii) condemnation or other taking of all or any part of the Property; (iii) conveyance in lieu of condemnation; or
<br />(iv) misrepresentations of, or omissions as to, the value and /or condition of the Property.
<br />(N)Morlgage Insurance means insurance protecting Lender against the nonpayment of, or default on, the Loan.
<br />(0)Periodic Payment means the regularly scheduled meant due for (i) principal and interest Ruder the Note, plus
<br />(ii) any amounts under Section 3 of this Security Instrument.
<br />(P)RESPA means the Real Estate Settlement Procedures Act (12 U.S.C. 7601 at seq.) and its implementing regulation,
<br />Regulation X (24 C.FR. Part 3500), as they might be amended from time to time, or any additional or successor legislation
<br />or regulation that governs the same subject matter. As used in this Security Instrument, RESPA refers to all requirements
<br />and restrictions that are imposed in regard to a federally related mortgage loan even if the Loan does not qualify as a
<br />federally related mortgage loan under RESPA
<br />(Q)Successor In Interest of Borrower means any party that has taken title to the Property, whether or not that party has
<br />assumed Borrowers obligations under the Note and/or this Security Instrument.
<br />TRANSFER OF RIGHTS IN THE PROPERTY
<br />This Security Instrument secures to Lender: (i) the repayment of the Loan, and all renewals, extensions and modifications of
<br />the Note; and (ii) the performance of Borrowers covenants and agreements under this Security Instrument and the Note. For
<br />this purpose, Borrower irrevocably grants and conveys to Trustee, in trust, with power of sale, the following described
<br />property located in the Countyp ITypc of HALL
<br />of Recording Jurisdiction] [Name of Recording lurisdictionl
<br />LOT FIFTEEN (15), WESTWOOD PARK SECOND SUBDIVISION, GRAND ISLAND, BALL COUNTY,
<br />NEBRASKA.
<br />which currently has the address of 820 REDWOOD ROAD
<br />[socetl
<br />GRAND ISLAND , Nebraska 68803 -3109 (Property Address):
<br />[City] [Zip Code]
<br />TOGETHER WITH all the improvements now or hereafter erected on the property, and all casements, appurtenances,
<br />and fixtures now or hereafter a part of the property. All replacements and additions shall also be covered by this Security
<br />Instrument. All of the foregoing is referred to in this Security Instrument as the Property.
<br />NEBRASKA Single Family Final Mae/Fmltlie Mac UNBUKM LNSTRUBIENT Form 3828 1/BI
<br />Iran 1ota.. (Oc'n (Page 2of 11 OREenANo
<br />pesES) TO0Mv Call, 0.530.9993Fa.fi1F791 -1191
<br />CCNEIO Ab,gage Partne, by AUfOmBfeOM1brtpePo Txbnp'pTer
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