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(1) "Riders" means all Riders to this Security Instrument that are 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 Planned Unit Development Rider Biweekly Payment Rider
<br />® 1 -4 Family Rider Others) [specify]
<br />(J) "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 />(K) "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 />(L) "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 />(M) "Escrow Items" means those items that are described in Section 3.
<br />(N) "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 of, the Property; (it) condemnation or other taking of all or any part of the Property; (iii) conveyance in
<br />lieu of condemnation; or fe) misrepresentations of, or omissions as to, the value and/or condition of the Property.
<br />(0) "Mortgage Insurance" means insurance protecting Lender against the nonpayment of, or default on, the Loan.
<br />(P) "Periodic Payment" means the regularly scheduled amount due for (i) principal and interest under the Note,
<br />plus (it) any amounts under Section 3 of this Security Instrument.
<br />(Q) "RESPA" means the Real Estate Settlement Procedures Act (12 U C. §2601 et seq.) and its implementing
<br />regulation, Regulation X (24 C.F.R. Part 3500), as they might be 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 if the Loan does not qualify as a "federally related mortgage loan" under RESPA.
<br />(R) "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 />TRANSFER OF RIGHTS IN TIRO PROPERTY
<br />The beneficiary of this Security Instrument is MBRS (solely as nominee for Lender and Lender's successors and
<br />assigns) and the successors and assigns of MFRS. This Security Instrument secures to Lender: (i) the repayment of
<br />the Loan, and all renewals, extensions and modifications of the Note; and (it) the performance of Borrower's
<br />covenants and agreements under this Security Instrument and the Note. For this purpose, Borrower irrevocably
<br />grants and conveys to Trustee, in trust, with power of sale, the following described property located in the
<br />COUNTY of HALL
<br />(Type of fecoading Iurksticaon) (Name of Recording hinviictien)
<br />LOT TWO (2), CASEY'S SECOND SUBDIVISION, AN ADDITION TO THE CITY OP GRAND
<br />ISLAND, BALL COUNTY, NEBRASKA
<br />which currently has the address of
<br />GRAND ISLAND
<br />2216 -2218
<br />NORTH WHEELER STREET
<br />[So,,(]
<br />,Nebraska 68801
<br />[city] [Zip Code]
<br />NEBRASKA Single Family- Fannie Mae/Freddie Mac UNIFORM INSTRUMENT
<br />eaeaxaE: (Page 2 at 12 pager)
<br />mcv..aa2..-,: ss,ver2..
<br />( "Property Address ").
<br />Fnrnr 3028 1 /01
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