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<br />200511106
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<br />(K) "Electronic Funds Transfer" means any transfer of funds, other than a transaction originated
<br />by check, draft, or similar paper instrument, which is initiated through an electronic terminal, telephonic
<br />instrument, computer, or magnctic tape so as to order, instruct, or authorize a financial institution to
<br />debit or crcdit an account. Such tenl1 includes, but is not limitcd to, point-of-sale transfers, automated
<br />teller machine transactions, transfers initiated by telephone, wire transfers, and automated clearinghousc
<br />transfers,
<br />(L) "Miscellaneous Proceeds" means any compensation, settlement, award of damages, or
<br />procccds paid by any third party (other than insurance proceeds paid under the coverages described in
<br />Scction 4) for: (i) damage to, or destruction of, the Property; (ii) condemnation or other taking of all or
<br />any part of the Property; (iii) conveyance in lieu of condemnation; or (iv) misrepresentations of, or
<br />omissions as to, the value andlor condition of the Propcrty.
<br />(M) "Mortgage Insurance" means insurance protecting Lender against the nonpayment of, or
<br />default on, the Loan.
<br />(N) "Periodic Payment" means the regularly schedulcd amount duc for principal and interest under
<br />the Note.
<br />(0) "RESPA" means the Real Estate Settlement Procedures Act (12 U.S.C. *2601 et seq.) and its
<br />implementing regulation, Regulation X (24 C.F.R. Part 3500), as they might be amended from time to
<br />time, or any additional or successor legislation or regulation that governs the same subject matter. As
<br />used in this Sccurity Instrument, "RESPA" refers to all requirements and restrictions that are imposed in
<br />regard to a "federally related mortgage loan" even if thc Loan does not qualify as a "fcderally related
<br />mortgage loan" under RESPA.
<br />(P) "Successor in Interest of Borrower" means any party that has taken title to the Property,
<br />whether or not that party has assumed Borrower's obligations under the Note andlor this Security
<br />Instrumcnt.
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<br />TRANSFER OF RIGHTS IN THE PROPERTY
<br />
<br />This Security Instrument secures to Lendcr: (i) the repayment of the Loan, and all renewals, extensions
<br />and modif1cations of the Note; and (ii) the pcrformance of Borrower's covenants and agreemcnts under
<br />this Security Instrument and the Note. For this purpose, Borrowcr irrevocably grants and conveys to
<br />Trustee, in trust, with power of sale, the following described property located in thc
<br />_. COUNTY _. of _" HALL ..._
<br />[Type of Recording Jurisdiction] [Name of Recording Jurisdiction]
<br />
<br />The Description of the Property Is attached hereto as "Addendum
<br />A to Deed of Trust - Description of Property," and Is specifically
<br />incorporated herein.
<br />
<br />which currently has the address of _
<br />
<br />731 SOUTH BLAINE STIWET
<br />[Street]
<br />__ , Nebraska~03___ ("Property Address"):
<br />[Zip Code]
<br />
<br />GRAND ISLAND
<br />[City]
<br />
<br />TOGETHER WITH all the improvcmenls now or hereafter erccted on the property, and all
<br />easements, appurtenances, and fixtures now or hereafter a part of the property. All replacements and
<br />additions shall also be covered by this Security Instrument. All of the foregoing is rcferred to in this
<br />Security InstrUll1ent as the "Property."
<br />
<br />BORROWER COVENANTS thai Borrower is lawfully seised of the estate hereby conveyed and
<br />has thc right to grant and convey the Property and that the Property is unencumbered, except for
<br />encumbrances of rccord. Borrower warrants and will defend generally the title to the Property against all
<br />claims and demands, subject to any encumbrances of record_
<br />
<br />THIS SECURITY INSTRUMENT combines uniform covenants for national use and non-unifonn
<br />covenants with limited variations by jurisdiction to constitute a uniform security instrument covcring
<br />real property.
<br />
<br />UNIFORM COVENANTS. Borrowcr and Lender covenant and agree as follows:
<br />1. Payment of Principal, Interest, Escrow Items, Prepayment Charges, and Late Charges.
<br />Borrower shall pay when due the principal of, and interest on, the debt evidenced by the Note and any
<br />prepayment charges and late charges due under the Note. Payments duc under the Note and this Sccurity
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<br />97267034
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<br />P3ge 2 of 10
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<br />NE.2029-0905
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