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. 200213110
<br />RE- RECOP.DI'n
<br />200214695
<br />(I) "Applicable Law" means all controlling appicable federal, are and local statutes, regulations, ordinances and
<br />uslministrative rules and Orden (that have the effect of law) as well as all applicable final, non - appealable judicial opinions.
<br />(.I) "Community Association Dues, Feu, and Assessments" means all dues, fees, assessments and other charges that are
<br />imposed On Borrower of the Property by a condomininm association, homeowners association or similar organization.
<br />(K) "Electronic Funds Transfer" means any transfer of funds, other than a transaction originated by check, draft, or
<br />sindlar paper instrument, which is initiated trough an cicelrouic terminal, telephonic instrument, computer, or magnetic tape
<br />so as to order, instruct, or authorme a financial institution to debit or xedit are account Such term includes, but is not limited
<br />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 itmrm that are described in Section 3.
<br />(M) "Miscellaneous Proceeds" means any compensation, seulement, award of damages, or proceeds paid by my trial
<br />party (other than insurance proceeds paid trader the coverages described in Section 5) for: (i) damage to, or destruction of, the
<br />Property; (it) 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 insumnce protecting Lcndcr against the nonpayment of, or default on, the Loan.
<br />(0) `Periodic PaymenP' means the regularly scheduled amount due for(!) principal and interest under the Note, plus
<br />(h) any amounts under Section 3 of this Security hhstrutnent.
<br />(P) "RESPA" means the Real Estate Settlement Procedure Act (12 U.S.C. 92601 et seq.) and its implementing regulation,
<br />Regulation X (24 C.F.R. Part 3500), m they might be amended from time to time, or any additional or successor legislation
<br />or regulation that governs the same subject matter. As used in this Security Instrument, "RESPA" refers to all requirements
<br />and restrictions that are imposed to regard to a "federally related mortgage loan" even if the Loan does not qualify as a
<br />"federally related mortgage lom" under RESPA.
<br />(Q) "Successor in Interest of Borrower" means any party that has taken title n, the Property, whether or not that party has
<br />assumal Borrower's obligations ander the Note and /or this Security Instrument.
<br />TRANSFER OF RIGHTS IN THE PROPERTY
<br />This Security Instrument secures to Lender: E) the repayment of the Lom, and all renewals, extensions and modifications of
<br />the Note, and (ii) the performance of Borrower's covenants and agrecme arts under this Security Instrument and the Note. For
<br />this purpose, Borrower irrevocably grants and conveys to Trustee, in must, with power of sale, the following described
<br />property located in the County of me of Exacting ludsdictionl
<br />I'lyp: of Recording viedierioa] Ma B
<br />Lot 2, Sussex Place Second Subdivision in the City of Grand Island, Hall County, Nebraska
<br />which currently has the address of 4054 Cannon Rd
<br />IS1r ml
<br />Grand Island Nebraska 68803 ( "Property Address "):
<br />[city] [Zip code]
<br />TOGETHER WITH all the improvements now or hereafter erased on the property, and all easements, appurtenances,
<br />and fixtures now or hereafter a part of die 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 />NEBRASKA — Single. Fatuity— Favvle MaelFeeddle Mae IMIFORM INSTRUMENT Form 3aU Um
<br />caEAruo
<br />irEM 1.16[2(0011) (Pug, 2o/ 11 Page,) I C.'are,o-. I..53090o Fax 616 791131
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