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200206656
<br />(I)' "Applicable Law" means all controlling applicable federal, state and local statutes, regulations,
<br />ordinances and administrative rules and orders (that have the effect of law) as well as all applicable final,
<br />non - appealable judicial opinions.
<br />(.I) "Community Association Dues, Fees and Assessments" means all dues, fees, assessments and
<br />other charges that are imposed on Borrower or the Property by a condominium association, homeowners
<br />association or similar organization.
<br />(I) "Electronic Funds Transfer" means any transfer of funds, other than a transaction originated
<br />by check, draft, or similar paper instrument, which is initiated through an electronic terminal, telephonic
<br />instrument, computer, or magnetic tape so as to order, instruct, or authorize a financial institution to debit
<br />or credit an account. Such term includes, but is not limited to, point -of -sale transfers, automated teller
<br />machine transactions, transfers initiated by telephone, wire transfers, and automated clearinghouse
<br />transfers.
<br />(L) "Escrow Items" mean those items that are described in Section 3.
<br />(M) "Miscellaneous Proceeds" means any compensation, settlement, award of damages, or
<br />proceeds paid by any third party (other than insurance proceeds paid under the coverages described in
<br />Section 5) for (i) damage to, or destruction of, the Property, (ii) condemnation or other taking of all or
<br />any part of the Property, (iii) conveyance in lieu of condemnation or (iv) misrepresentations of, or
<br />omissions as to, the value and/or condition of the Property.
<br />(N) "Mortgage Insurance" means insurance protecting Lender against the nonpayment of, or
<br />default on, the Loan.
<br />(0) "Periodic Payment" means the regularly scheduled amount due for (i) principal and interest
<br />under the Note, 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. Section 2601 et seq.)
<br />and its implementing regulation, Regulation X (24 C.F.R. Part 3500), as they might be amended from
<br />time to time, or any additional or successor legislation or regulation that governs the same subject matter.
<br />As used in this Security Instrument, "RESPA" refers to all requirements and restrictions that are imposed
<br />in regard to a "federally related mortgage loan" even if the Loan does not qualify as a "federally related
<br />mortgage loan" under RESPA.
<br />(Q) "Successor in Interest of Borrower" means any party that has taken title to the Property,
<br />whether or not that party has assumed Borrower's obligations under the Note and/or this Security
<br />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
<br />and modifications of the Note; and (ii) the performance of Borrower's covenants and agreements under
<br />this Security Instrument and the Note. For this purpose, Borrower, in consideration of the debt and the
<br />trust herein created, irrevocably grants and conveys to Trustee, in trust, with power of sale, the following
<br />described property located in the county of Hall:
<br />LOT TWO (2), WESTERN HEIGHTS FOURTH SUBDIVISION, IN THE CITY OF GRAND
<br />ISLAND, HALL COUNTY, NEBRASKA.
<br />Parcel ID Number: 400 166216 which currently has the
<br />address of 1403 BRANDING IRON LANE GRAND ISLAND NE 68803.
<br />( "Property Address "):
<br />�olrial"/ To /
<br />(CO) (9904).02 Form 3006 3199
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