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(K) "Electronic Funds Transfer" means an transfer of funds, other than a 2 nsacttio lri in 9 b
<br />y g y check, draft, or
<br />similar paper instrument, which is initiated through an electronic terminal, telephonic instrument, computer, or magnetic tape
<br />so as to order, instruct, or authorize a financial institution to debit or credit an account. Such term includes, but is not
<br />limited to, point -of -sale transfers, automated teller machine transactions, transfers initiated by telephone, wire transfers, and
<br />automated clearinghouse transfers.
<br />(L) "Escrow Items" means those items that are described in Section 3.
<br />(M) "Miscellaneous Proceeds" means any compensation, settlement, award of damages, or proceeds paid by any third party
<br />(other than insurance proceeds paid under the coverages described in Section 5) for: (i) damage to, or destruction of, the
<br />Property; (ii) condemnation or other taking of all or any part of the Property; (iii) conveyance in lieu of condemnation; or
<br />(iv) misrepresentations of, or omissions as to, the value and/or 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 (i) principal and interest under the Note, plus (ii)
<br />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.) and its implementing
<br />regulation, Regulation X (24 C.A.R. Part 3500), as they might be amended from time to time, or any additional or successor
<br />legislation or regulation that governs the same subject matter. As used in this Security Instrument, "RESPA" refers to all
<br />requirements and restrictions that are imposed in regard to a "federally related mortgage loan' even if the Loan does not
<br />qualify as a "federally related mortgage loan" under RESPA.
<br />(Q) "Successor in Interest of Borrower" means any parry that has taken title to the Property, whether or not that party
<br />has assumed Borrower's obligations under the Note and /or this Security 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 and modifications
<br />of the Note; and (ii) the performance of Borrower's covenants and agreements under this Security Instrument and the Note.
<br />For this purpose, Borrower irrevocably grams and conveys to Trustee, in trust, with power of sale, the following described
<br />property located in the COUNTY of HALL
<br />[Type of Rec ,diog luo,diationl [Name of Recording ]uriadictioo]
<br />LOT TWO (2), IN BLOCK FIVE (5), IN JENKINSON SUBDIVISION, IN
<br />THECITY OF GRAND ISLAND, HALL COUNTY NEBRASKA
<br />APN #: 400156660
<br />which currently has the address of 2510 JAY STREET
<br />[Suoatl
<br />GRAND ISLAND ,Nebraska 68803 ( "Property Address "):
<br />[City] [Zip Code]
<br />TOGETHER WITH all the improvements now or hereafter erected on the property, and all easements, appurtenances,
<br />and fixtures now or hereafter a pan of the property. All replacements and additions shall also be covered by this Security
<br />Instrument. All of the foregoing is referred to in this Security Instrument as the "Property."
<br />BORROWER COVENANTS that Borrower is lawfully seised of the estate hereby conveyed and has the right to grant
<br />and convey the Property and that the Property is unencumbered, except for encumbrances of record. Borrower warrants
<br />and will defend generally the title to the Property against all claims and demands, subject to any 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 property.
<br />NEBRASKA -Sngle Family -Nnnle Ma ✓F ,o Mn caimaM ianu rNr Fomt xes IM
<br />lc Ecva .BR- a. 58039.12731 Paget of ll
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