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200305934
<br />(K) "Electronic 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 tap. so
<br />as to order, instruct, or authorize a financial institution to debit or credit an account. Such tens includes, but is not limited m,
<br />point -of -sale transfers, automated teller machine transactions, transfers initiated by telephone, wire transfers, and automated
<br />clearinghouse transfers.
<br />(L) "Escrow Items" means those items that are described in Section 3.
<br />(M) "Miscellaneous Proceeds" means any compensation, 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 destruction
<br />of, the Properly; (ii) condemnation or other taking of all or any part of the Property; (iii) conveyance in lieu of condemnation;
<br />or (iv) misrepresentations of, or omissions as to, the value and /or condition of the Property.
<br />(N) "Mortgage Insurance" means insurance protecting Lender against the nonpayment of, or default on, the Loan.
<br />(0) "Periodic Payment" means the regularly scheduled amount due for (if principal and interest under the Note, plus (ii)
<br />any amounts under Section 3 of this Security Instrument.
<br />(P) "RESPA" means the Real Estate Settlement Procedures Act (12 US.0. 52501 at seq.) and its implementing regulation,
<br />Regulation X (24 C ,R, Part 3500), as they might be amended from time to time, or any additional or successor legislation or
<br />regulation that governs the same subject matter, As used in this Security Instrument. "RESPA" refers to all requirements and
<br />restrictions that are imposed in regard to a 'federally related mortgage loan" even if the Loan does not quality as a "federally
<br />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
<br />party has assumed Borrower's 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 Borrower's covenants and agreements under this Security Instrument and the Note. For
<br />this purpose, Borrower inevocably grants and conveys to Trustee, in trust. with power of sale, the following described property
<br />located in the County of Hall
<br />[Type of Recording Jurisdiction] [Name of Recording Jurisdiction]
<br />Lot Sixty -Four (64), Amick Acres West Subdivision, Hall County, Nebraska
<br />which currently has the address of 131 Island Drive
<br />[Street]
<br />Doniohan, Nebraska 68832 ( "Property Address "):
<br />[City] (Zip Code]
<br />TOGETHER WITH all the improvements now or hereafter erected on the property, and all easements,
<br />appurtenances, and fixtures now or hereafter a part of the property. All replacements and additions shall also be covered by
<br />this Security Instrument. All of the foregoing is referred to in this Security Instrument as the "Property."
<br />BORROWER COVENANTS that Borrower is lawfully seised of the estate hereby conveyed and has the fight to
<br />grant and convey the Property and that the Property Is unencumbered, except for encumbrances of record. Borrower warrants
<br />and will defend generally the title to the Property against all claims and demands, subject to any encumbrances of record.
<br />NEBRASKA -�i"oie rarcly Fannie Mae/Freddie Mao UNIFORM INSTRUMENT Form 3020 1/01 (page, 2 .,i a n,u„)
<br />rrsnnt,_L,I 01s up
<br />51721
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