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(d) "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 <br />opinions. <br />(K) "Community Association Dues, Fees, and Assessments" means all dues, fees, assessments and other charges <br />that are imposed on Borrower or the Properly by a condominium association, homeowners association or similar <br />organization. <br />(L) "Electronic Funds Transfer" means any transfer of funds, other than a transaction originated by check, draft, <br />or similar paper instrument, which is initiated through an electronic terminal, telephonic instrument, Compmcr, or <br />magnetic tape so as to order, instruct, or authorize a financial institution to debit or credit an account. Such term <br />includes, bul is not limited to, point -ol -sale transfers, automated teller machine transactions, transfers initiated by <br />telephone, wire transfers, and automated clearinghouse transfers. <br />(M) "Escrow items" means those items that are described in Section 3. <br />(N) "Miscellaneous Proceeds" means any eoomensation, settlement, award of damages, or proceeds paid by any <br />third party (other than insurance proceeds paid under the coverages described in Section 5) for. (i) damage to, or <br />destrucliun of, the Property; (it) condemnation or other taking of all or any part of the Property; (iii) conveyance in <br />lieu of condemnation; or (iv) misrepresentations of, or omissions as to, the value and /or condition of the Property. <br />(0) "Mortgage Insurance" mewls insurance protecfing Lender against the nonpayment of, or default on, the Loan . <br />(i7 "Periodic Payment" means the regularly scheduled amoum due for (it principal and interest under the Note, <br />plus (it) any amounts under Section 3 of this Security Instrument. <br />(Q) "RESPA" means the Real Estate Settlement Procedures Act (12 U.S.C. §2601 el scgJ and its implementing <br />regulation, Regulation X (24 C.P.R. Part 3500), as they might be amended front time to time, or any additional or <br />successor legislation of regulation that governs the same subject matter. As used in this Security Instrument, <br />"RF.SPA" refers to all requirements and restrictions that are imposed in regard to a "federally related mortgage loan" <br />even if the Loan does not qualify as a "federally related mortgage loan" under RESPA. <br />(R) "Successor in Interest of Borrower" means any party that has taken title to the Property, whether or not that <br />party has assumed Borrower's obligations under the Note and /or this Security Instrument. <br />NEBRASKA S'mgla Family Fannie Mue /Freddle, Mac UNIFFORM INSI RUMENT - MFRS Ma9�u'^" d' �mnghcom <br />Porte 3028 1/01 <br />200305311 <br />(H) "Loan" means the debt evidenced <br />by the Note, plus interest, any prepayment <br />charges mud late charges due under <br />the Note, and all sums due under this Security Instrument, plus interest. <br />(1) "Riders" means all Riders to this <br />Security Instrument that are executed by <br />Borrower <br />The following Riders <br />are to be executed by Borrower [check <br />box as applicable): <br />❑ Adjustable Rate Rider <br />❑ Condominium Rider <br />❑ <br />Second Home Rider <br />❑ Balloon Rider <br />❑ Planned Unit Development Rider <br />❑ <br />Orients) [specit'yl <br />❑ r -4 Family Rider <br />❑ Biweekly Payment Rider <br />(d) "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 <br />opinions. <br />(K) "Community Association Dues, Fees, and Assessments" means all dues, fees, assessments and other charges <br />that are imposed on Borrower or the Properly by a condominium association, homeowners association or similar <br />organization. <br />(L) "Electronic Funds Transfer" means any transfer of funds, other than a transaction originated by check, draft, <br />or similar paper instrument, which is initiated through an electronic terminal, telephonic instrument, Compmcr, or <br />magnetic tape so as to order, instruct, or authorize a financial institution to debit or credit an account. Such term <br />includes, bul is not limited to, point -ol -sale transfers, automated teller machine transactions, transfers initiated by <br />telephone, wire transfers, and automated clearinghouse transfers. <br />(M) "Escrow items" means those items that are described in Section 3. <br />(N) "Miscellaneous Proceeds" means any eoomensation, settlement, award of damages, or proceeds paid by any <br />third party (other than insurance proceeds paid under the coverages described in Section 5) for. (i) damage to, or <br />destrucliun of, the Property; (it) condemnation or other taking of all or any part of the Property; (iii) conveyance in <br />lieu of condemnation; or (iv) misrepresentations of, or omissions as to, the value and /or condition of the Property. <br />(0) "Mortgage Insurance" mewls insurance protecfing Lender against the nonpayment of, or default on, the Loan . <br />(i7 "Periodic Payment" means the regularly scheduled amoum due for (it principal and interest under the Note, <br />plus (it) any amounts under Section 3 of this Security Instrument. <br />(Q) "RESPA" means the Real Estate Settlement Procedures Act (12 U.S.C. §2601 el scgJ and its implementing <br />regulation, Regulation X (24 C.P.R. Part 3500), as they might be amended front time to time, or any additional or <br />successor legislation of regulation that governs the same subject matter. As used in this Security Instrument, <br />"RF.SPA" refers to all requirements and restrictions that are imposed in regard to a "federally related mortgage loan" <br />even if the Loan does not qualify as a "federally related mortgage loan" under RESPA. <br />(R) "Successor in Interest of Borrower" means any party that has taken title to the Property, whether or not that <br />party has assumed Borrower's obligations under the Note and /or this Security Instrument. <br />NEBRASKA S'mgla Family Fannie Mue /Freddle, Mac UNIFFORM INSI RUMENT - MFRS Ma9�u'^" d' �mnghcom <br />Porte 3028 1/01 <br />