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200206085
<br />(11) "Riders" means all Riders to this Security Instrument that are executed by Borrower. The following Riders arc
<br />to be executed by Burrower [check box as applicable I:
<br />❑ Adjustable Rate Rider ❑ Condominium Rider Second Home Rider
<br />❑ Brilliant Rider ❑ Planned Unit Development hider Biwcckly Payment Rider
<br />❑ 1 -4 Family Rider ❑ Other(s) [specify]
<br />(1) "Applicable Law" means all controlling applicable federal, state and local statulcu, regulations, ordinances and
<br />administrative rules and orders (that have the effect or 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, instinct, or authorize a financial institution to dchit 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) "MiscelInneous 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, in damage to, or
<br />destruction of the Property; (ii) condemnation or other taking of all or any part of the Property; (iii) conveyance in
<br />lieu of condemnation; or (iv) misrepresentations of, mr omissions e, to, the value social 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 fin principal and interest under the Note.
<br />plus (it) any amounts under Section } ofthis Security Instrument.
<br />(P) "RESPA" means the Real Estate Sdtleu a t Procedures Act (12 U.S.C. §2601 et sea -) and its implementing
<br />regulation, Regulation X (24 C.P.R. Part 3500), as they might be amended from time to time, or any additional or
<br />successor legislation ur regulation that governs the same subject m tr
<br />atter_ As used in this Security Insument,
<br />"RESPA° refers to all rcyuircmmals and resn'ictions that are imposed in regard to a "federally related mortgage
<br />loan" even if 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 the Property, whether or not that
<br />party has assumed Borrower's obligations under the Note and/or this Security Instrument.
<br />I RANSFER OF R16HTS IN THE PROPERTY
<br />This Security Instrument secures to Lender_ in the repayment of the reran, and all renewals, extensions and
<br />modifications of the Note; and (it) the performance of Borrower's cnvennotS and agreements under this Security
<br />Instrument and the Note- I'or this purpose, Borrower irrevocably grants and conveys to Trol in trust, with power
<br />of sale, the fallowing described propery located in the County (I'ypc of lee oramg Jurisdiction)
<br />of Hall (Nemcn( Rrmrdigq lunob,ainn)
<br />Lot Twelve (12), Le Heights Fourth Suvdivision, City of Grand
<br />Island, Hall County, Nebraska.
<br />which currently has the address of 4221 Kay Ave.
<br />[strati
<br />Grand Island , Nebraska 68803 ("Property Address ").
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