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200206382 K "Electronic Funds Transfer" means any transfer of funds, other than a transaction originated by check, draft, or sknilar paper Instrument, which is Initiated through an electronic terminal, telephonic instrument, computer, or magnetic tape so as to order, Instruct, or authorize a financial Institution to debit or credit an account. Such term Includes, but Is not limited to, point- f -sale transfers, automated teller machine transactions, transfers Initiated by telephone, wire transfers, and automated clearinghouse transfers. (L) "Escrow Items" means those items that are described In Section 3. (M) "Miscellaneous Proceeds" means any compensation, settlement, award of damages, or proceeds paid by any third party (other than Insurance proceeds paid under the coverages described In Section 5) for. Ot damage to, or destruction of, the Property; (il) condemnation or other Asking of all or any part of the Property; (iii) conveyance In lieu of condemnation; or (H) misrepresentations of, or omissions as to, the value and/or condition of the Property. (N) "Mortgage Insurance" means Insurance protecting Lender against the nonpayment of, or default on, the Loan. (0) "Periodic Payment' means the regularly scheduled amount due for (I) principal and Interest under the Note, plus (II) any amounts under Section 3 of this Security Instrument. (P) "RESPA" means the Real Estate Settlement Procedures Act (12 U.S.C. 82601 at seq.) and its Implementing regulation, Regulation X (24 C.F.R. Part 3500), as they might be amended from time to time, or any additional or successor legislation or regulation that governs the same subject matter. As used In this Security Instrument, "RESPA" refers to all requirements and restrictions that are Imposed in regard to a "federally related mortgage loan' even II the Loan does not qualify as a "federally related mortgage loan" under RESPA. (Q) "Successor In Interest of Borrower" means any party that has taken title to the Property, whether or not that party has assumed Borrower's obligations under the Note and/or this Security Instrument. TRANSFER OF RIGHTS IN THE PROPERTY This Security Instrument secures to Lender, (0 the repayment of the Loan, and all renewals, extensions and modifications of the Note; and (II) the performance of Borrower's covenants and agreements under this Security Instrument and the Note. For this purpose, Borrower Irrevocably grams and conveys to Trustee, In trust, with power of sale, the following described property located in the County of Hall [type of Recording Jurisdiction] (Name of Recording Jurisdiction] Lot Sixty-Four (64), Amick Acres West Subdivision, Hall County, Nebraska. Which currently has the address of 131 Island Drive [Street] Doniohan Nebraska 68832 ( "Property Address "): (CRY] [Zip Code] TOGETHER WITH all the Improvements now or hereafter erected on the property, and all easements, appurtenances, and fixtures now or hereafter a part of the property. All replacements and additions shall also be covered by this Security Instrument. AN of the foregoing b referred to in this Secudry Instrument as the 'Property." BORROWER COVENANTS that Borrower Is lawfully seised of the estate hereby conveyed and has the right to grant and convey the Property and that the Property is unencumbered, except for encumbrances of record. Borrower warrants and will defend generally the tine to the Property against all claims and demands, subject to any encumbrances of record. NEBRASKA sinaie Famuy- Fannie Mae/Freddie Mac UNIFORM INSTRUMENT Form 302 Ftssas.uno (11/00) z or"7