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200214583 <br />(H) `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 Other(,) [specify] <br />(1) "Applicable Law" means all controlling applicable federal, state and local statutes, regulations, ordinances and <br />administrative tides and orders (that have the effect of law) as well as all applicable final, non - appealable judicial <br />opinions. <br />(d) "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 />FRI "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 />(L) "Escrow Items" mcans 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) for. (i) damage m, or <br />destruction of, the Property; (ii) condemnation or other taking of all or any part of the Property; (iii) conveyance in <br />lieu of condemnation; 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 (i) principal and interest under the Note, <br />plus in any amounts under Section 3 of this Security Instrument. <br />(P) "RESPA" means the Real Estate Settlement Procedures Act (12 U.S.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 govems 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 quality 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 or not that <br />party 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 <br />mudificalions of do Note; and (ii) 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, in trust, with power <br />of sale, the following described property located in the County (Type of R,,arding Jurisdiction) <br />of Hall (Name of Rcarding Jurisdiction)'. <br />The East Ninety and Three Tenths (90.3) feet of the East Half (El /2) <br />of Block Seven (7), of Koehler Subdivision, being a part of the <br />Southeast Quarter of the Southwest Quarter (SE1 /4 SW1 /4) of <br />Section Fifteen (15), in Township Eleven (11) North, Range Nine (9), <br />and part of Lot Fourteen (14) of the County Subdivision of the West <br />Half of the Southwest Quarter (W1 /2 SW1 /4) of Section Fifteen (15) <br />in Township Eleven (11) North, Range Nine (9) West of the 6th P.M. <br />in Hall County, Nebraska. <br />which currently has the address of 526 E Bismark Rd <br />[smy,ft <br />Grand Island ,Nebraska 68801 ( "Property Address'). <br />[City) [ /Ip Code) <br />NTRRASKA— Single Family— Fannie Maeffreddie Mac UNIFORM INSTRUMENT Form 30M INI <br />el l e", (Page 2 of i 1pages) <br />D —NEe.= I,1,e12uuu <br />