|
200213877
<br />(H) "Riders" means all Riders to this Security Instrument drat are executed by Borrower. The following Riders are
<br />to he executed by Borrower [check box as applicable].
<br />F1 Adjustable Rate Rider 0 Condominium Rider L) Second Home Rider
<br />Balloon Rider Lj Planned Unit Development Rider L) Biweekly Payment Rider
<br />1 -4 Family Rider LJ Other(s) [specify]
<br />(1) "Applicable Law" means all controlling applicable federal, state and local statutes, regulations, ordinances mid
<br />administrative rules and orders (that have the effect of law) as well as all applicable final, non- appealable judicial
<br />opinions.
<br />(.1) "Community Association Dues, Fees, and Assessments" means all dues, fees, assessments and other charges
<br />that arc imposed on Borrower or the Property by a condominium association, homeowners association or similar
<br />organization.
<br />(K) "Electronic Funds Transfer" meats any transfer of funds, other than a transaction originated by check, dra$
<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 tern
<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 />(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
<br />third party (other than insurance proceeds paid under the coverages described in Section 5) foe (i) damage to, or
<br />destruction of, the Property; (it) condemnation or other taking of all or any par of the Property; (iii) conveyance in
<br />lieu ofcondemnation; or (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 (it principal and interest under the Note,
<br />plus (it) any amounts under Section 3 ofthis Security Instrument.
<br />(P) "RESPA" means the Real Estate Settlement Procedures Act (12 U,S.C. §2601 ct seq.) and its implementing
<br />regulation, Regulation X (24 C.F.R. Part 3500), as they might he amended from time to time, or any additional or
<br />successor legislation or regulation that governs the same subject nutter. As used in this Security Instrument,
<br />"RESPA" refers to all requirements and restrictions that arc imposed in regard to a "federally related mortgage
<br />luau" even if the Loan does not qualify as a °federally related mortgage loan' under RESPA.
<br />(Q) "Successor in Interest of Borrower" means any party that has taken title to the Property, whether of not that
<br />party has assumed Borrower's obligations under the Note and/orthis 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
<br />modifications of the Note; and (it) the performance of Borrower's covenants and agreements under this Security
<br />Instrument and the Note. For this purpose, Borrower irrevocably grants and conveys to trustee, Incrust, with power
<br />of sale, the following described property located in the County (Type .1 Recumug Jurisdiction)
<br />of Hall (Nmne of Recordo, JooAiwioo)_
<br />Lot Ten (10), Kentish Hills Subdivision in the City of Grand Island,
<br />Hall County, Nebraska.
<br />which currently has the address of 3815 Rochdale Circle
<br />Istreetl
<br />Grand Island ,Nebraska 68803 ("Property Address ").
<br />ICibl [Zip Coad
<br />NEBRASKA.- Sing]c Family -- Fannie Nlae /Freddie Nac UNIFORM INSTRUMENT Form 30281N1
<br />oocrnaF (Foxe 2 of 12"."s)
<br />
|