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200200500
<br />(K) "Electronic Funds Transfer' means any transfer of funds, other than a transaction originated by check, dran, or
<br />similar paper instmment, which is hiliated through an electranlo terminal, telephonic Instrument, computer, or magnetic tape so
<br />as to order, r iruct, or authorize a financial institution to debit or credit an account. Such term includes, but is not limited to,
<br />point-of-sale transfers, automated teller machine transactions, transfers Initiated by telephone, wire transfers, and automated
<br />clearinghouse transfers.
<br />(L) "Escrow Itering" 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: (it damage to, or destruction
<br />of, the Property; hi) condemnation or other taking of all or any part of the Property; (lilt conveyance In lieu of condemnation;
<br />or (fv) misrepresentations of, or omissions as to, the valve 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 (1) principal and interest under the Note, plus (it)
<br />any amounts under Section 3 of this Security Instrument.
<br />(P) "RESPA" means the Real Estate Settlement Procedures Act (12 U.S.C. §2601 at seq.) and its implementing regulation,
<br />Regulation X (24 C.F.R. Pad 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 />heated mortgage loan" under RESPA.
<br />(0) "Successor In Interest of Borrower" means any party that has taken title to the property, whether or net that
<br />party has assumed Borrowe(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, aetensions and modifications of
<br />the Note; and (lit the performance of Borrower's 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 property
<br />located in the County of _. HALL
<br />[Type of Recording Jurisdiction] [Name of Recording Jurisdiction]
<br />LOTS 1, 2, AND 3, IN BLOCK 3, HARRISON SUBDIVISION TO THE CITY OF GRAND ISLAND,
<br />HALL COUNTY, NEBRASKA
<br />which currently has the address of _. 1524 NORTH KRUSE AVENUE
<br />[Street[
<br />_ GRAND ISLAND Nebraska 88803 _ ( "Property Address"):
<br />[City) - Rip Code[
<br />TOGETHER WITH all the Improvements now or hereafter erected an the property, and all easements,
<br />appurtenances, and fixtures now or hereafter a pen 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 right 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 this to the Property against all claims and demands, subject to any encumbrances of record.
<br />NEBRASKA
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<br />UNIFORM INSTRUMENT
<br />Form 3028
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