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200209860 LOAN 11, 2232023
<br />(H) `Riders" means all Riders to this Security Insfimncnl that are executed by Borrower. The following Riders are to be executed
<br />by Borrower [check box as applicable[:
<br />L_�] Adjustable Rate Rider � Condominium Rider I Second Home Rider
<br />�� Balloon Rider F_ ] Planned Unit Development Rider F) Olher(s) (spccifyj
<br />L —11-4 Family Rider ( I Boveckly Payment Rider
<br />i x I V,A. Rider
<br />(1) "Applicable Law" means all controlling applicable federal, state and local statutes, regulations, ordinances and administrative
<br />roles and orders (that have the effect of law) as well as all applicable final, non- appealable judicial opinions.
<br />(J) "Com man fly Association Dues, Fees, and Assessmcn is" means a]I dues, fees, assessments and other charges that arc imposed
<br />on Borrower or the Property by a condorninium association, homeowners association or similar organization.
<br />(K) "Electronic Funds Transfer" means rep- tmnsferof funds, otherthan a transaction originated by check, draft, or similar paper
<br />instrument, which is inilinlcd through an electronic terminal, telephonic instrument, computer, or magnetic tape so as to order,
<br />instruct, or ;ndlmrize a financial institution to debit or credit an account. Such term includes, but is not limited lo, paint -of -sale
<br />transfers, automated teller machine transactions, Transfers initialed by telephone, wire transfers, and automated clearinghouse
<br />transfers.
<br />(L) "Escrow Items" means those items that are described in Section 3.
<br />(M) "Miscellaneous Proceeds" means any compensation, settlement, award ofdamages, or proceeds paid by any third party (other
<br />than insurance proceeds paid under the coverages described in Section 5) for: (it damage lo, or destruction of, the Property) (it)
<br />condemnation or other taking of all or any part of the Property; (iii) conveyance in lieu of condemnation; or (iv) misrepresentations
<br />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 lire Note, plus (ii) any
<br />amounts under Section 3 of Ibis Security Inslrumcnl.
<br />(f) "RESPA" means the Rea Estate Settlement Procedures Act (12 U.S. C, §2601 et seq.) and its implementing regulation,
<br />Rcgnlalion X (24 C F . Part 3500), as Ihoy might be amended from time to time, or any additional or successor legislation or
<br />regulation that governs [lie same subject matter. As used in this Security Instrument, "RESPA" refers to all requirements mid
<br />restrictions that are imposed in regard to a "federally related mortgage loan" even if the Loan does not quali fy as a "federally related
<br />mortgage loan" under RESPA.
<br />(Q) "Successor in Interest of Borrower" means any party that has taken title 10 the Properly, whether or not that party has assumed
<br />Borrower's obligations under the Note and/or this Security Instrument.
<br />TRANSFER OF RIGHTS IN THE PROPERTY
<br />This Security histnlrnem secures In Lender (i) the repayment of the Loan, and all renewals, extensions and modifications of the Note;
<br />and (ti) the performance of Borrower's covcnanls and agreements under this Security Instrument and the Note. For this purpose,
<br />Borrower irrevocably grants and conveys io Tmslcq in Inrs1, with power of sale, lire following described properly located in the
<br />COUNTY I ppc..( ri,x -dw, I mh,innl of Hall IN.mc.1 RCx.rding lurisdeo.rl:
<br />Part of the Southeast Quarter of the Northeast Quarter (SEI /4 NEl /4) of Section Eight (8),
<br />Township Eleven (11) North, Range Nine (9) West of the 6th P.M., Hall County, more
<br />particularly described as follows: Commencing at a point where the east line of Park Avenue
<br />In the City of Grand Island, Nebraska, intersects lire South line of Waugh Street in said City
<br />and running thence South One Hundred feet (1181') along and upon east line of Park Avenue
<br />a distance of One Hundred feel (100') to the point of beginning: continuing thence South along
<br />and upon the East line of said Park Avenue a distance of Eighty feel (80') running thence East
<br />and parallel to the South line of Waugh Street a distance of One Hundred Thirty-eight feet
<br />(138'); running thence North and parallel to the West line of Park Avenue a distance of Eighty
<br />feel (80') running thence West and parallel to the South line of Waugh Street a distance of One
<br />Hundred Thirty -eight feet (138') to point of beginning.
<br />which currently has lbc address of 1913 N. Park Ave, Grand Island,
<br />Isuool [aryl
<br />Nebraska 68003-2733 ( "Properly Address")
<br />IZi„ CQdcl
<br />TOGETHER WITH all the improvements now or hereafter erected on the property, and all casements, appurtenances, and
<br />fixtures now or hereafter a part of the properly. All replacements and additions shall also be covered by this Security Instrument. All
<br />of Ilic foregoing is referred to in this Security Instrument as the "Properly."
<br />BORROWER COVENANTS that Borrower is lawfully seized of theestate herebyconveycd and has the right to grant and cans cy
<br />the Properly and llud the Property is imencmnbeted, except forencunubmnces of record. Borrower warrants and will defend generally
<br />the title to the Properly against all claims and demands, subject to am encumbrances of record.
<br />THIS SECURITY INSTRUMENT combines uniform covenants for national use and non - uniform covenants with limited
<br />variations by jurisdiction to constitute a uniform security instrument covering real properly.
<br />UNIFORM COVENANTS. Borrower and Leader covenant and agree as follows:
<br />1. Payment of Principal,Intro'esl, Escrow Items, Prepayment Charges, and Late Charges. Borrower shall pay when due
<br />the principal of, and interest on, the debt evidenced Iry the Note and any prepayment charges and late charges due under the Note.
<br />Borrower shall also pay funds for Escrow Ilene pursuant to Section 3. Payments due under the Note and this Security Instrument
<br />shall be made in U.S. currency. However, if any check or other instrument received by Lender as payment under the Note or this
<br />Security Instrument is returned to Lender unpaid, Lender may require that any or all subsequent payments due tinder the Note and
<br />this Security Instrument be made in one or more of the following forms, as selected by Lender: (a) cash; (b) money order, (c) cenified
<br />NEBRASKA- Single family- 1Mn,dc NNOF—ldie Mac UNIFORM INSr RIIMEN'r Initial s
<br />Fn..., 3e2a Our Page 2 of 8 01111,11 11
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