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200205518
<br />(H) "Riders" means all Riders to this Security Instrument that we executed by Borrower. The following Riders are
<br />to be executed by Borrower [check box as applicable):
<br />❑ Adjustable Rate Rider ❑ Condominium Rider ❑ Second Home Rider
<br />❑ Balloon Rider E] Planned Unit Development Rider ❑ Biweekly Payment Rider
<br />❑ 1-4 Family Rider ❑ Other(s) [specify]
<br />(1) "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 />(J) "Community Association Dues, Fees, and Assessments" means all dues, fees, assessments and other charges
<br />that are imposed on Borrower or the Property by a condominium association, homeowners association or similar
<br />organization.
<br />(K) "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, computer, or
<br />magnetic tape so as to order, instruct, or authorize a financial institution to debit or credit an account. Such term
<br />includes, but is not limited to, point -of -sale transfers, automated teller machine transactions, transfers initiated by
<br />telephone, wire transfers, and automated 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
<br />destruction oL the Property, (ii) condemnation or other taking of all or any part of the Property; (iii) conveyance in
<br />lieu of conden tinq or (iv) misrepresentations of, or omissions as to, the value and/or condition of the Properly.
<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 (i) principal and interest under the Note,
<br />plus (ii) any amounts under Section 3 of this Security Instrument.
<br />(P) "RESPA" means the Real Estate Settlement Procedures Act (12 U.S.C. §2601 et se¢) and its implementing
<br />regulation, Regulation X (24 C.F.R. Part 3500), as they might he amended from time to time, or any additional or
<br />successor legislation or regulation that governs the same subject matter_ As used in this Security Instrument
<br />"RESPA" refers to all requirements and restrictions that are imposed in regard to a "federally related mortgage
<br />loan' even it the Loan does not qualify as a "federally related mortgage loan" under RESPA_
<br />(Q) "Successor in Interest of Borrower" means any party that has taken title to Sec property, whether or not that
<br />party has assumed Borrower's obligations under the Note and/or this Security han'antent.
<br />TRANSFLR OI RIGH I'S IN THL PROPERTY
<br />This Security Instrument secures to Lender: (i) the repayment of the Loan, and all renewals, extensions and
<br />modifications of the Note; and in) the performance of Borrower's covenants and agreements under this Security
<br />Instrument and the Note. For this purpose, Borrower irrevocably grants and conveys to Trustee, in trust, with power
<br />ofsale, the following described property, located inthe County (p- pc of R,,,uoing lurkdia out
<br />of Hall (Name of RCwidmg lunadioto —)
<br />Lot Nine (9) in Block Eight (8) in Parkhill Second Subdivision, an
<br />Addition to the City of Grand Island, Hall County, Nebraska.
<br />which currently has the address of 2323 W. Phoenix Ave.
<br />Ise "tl
<br />Grand Island ,Nebraska 68803 ("Property, Address ").
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