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<br />Ne30282.mzd.2.lem
<br />
<br />200601465
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<br />(K) "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 />(L) "Electronic FWlds 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, polnt.of.sale transfers, automated teller macblne transactions, transfers initiated by
<br />telephone, wire transfers, and automated clearinghouse transfers.
<br />(M) "Escrow Items" means those Items that are described In Section 3.
<br />(N) "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 to, or
<br />destruction of, the Property; (il) condemnation or other taking of all or any part of the Property; (ill) conveyance In
<br />lieu of condemnation: or (iv) misrepresentations of. or omissions as to, the value and/or condition of the Property.
<br />{OJ "Mortgage Insurance" means insurance protecting Lender against the nonpayment of, or default on, the Loan.
<br />(P) "Periodic Payment" means the regularly scheduled amount due for (I) principal and Interest under the Note,
<br />plus (ii) any amounts under Section 3 of this Security Instrument
<br />(Q) "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 governs 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 loan"
<br />even if the Loan does not qualify as a "federally related mortgage loan" under RESPA.
<br />(R) "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 ohligations under the Note and/or this Security Instrument.
<br />
<br />TRANSFER OF RIGHTS IN THE PROPERTY
<br />
<br />The heneflciary of this Security Instrument is MERS (solely as nominee for Lender and Lender's successors and
<br />assigns) and the successors and assigns of MERS. This Security Instrument secures to Lender: {i} the repayment of
<br />the Loan, and all renewals, extensions and modifications of the Note; and (i1) the performance of Borrower's
<br />covenants and agreements under this Security Instrument and the Note. For this purpose. Borrower irrevocably grants
<br />and conveys to Trustee, In trust, with power of sale, the following described property located in the
<br />COUNTY of HALL
<br />[Type of Recording Juri.dictinn) [Name uf Recording Jurisdiction]
<br />ror 8, JE.EHE{ CPfS FITIH &EillVISICN, CITY CF GllN) ISUNJ, I-WL CIlNIY, ~
<br />A.P.N.: 400374501
<br />
<br />which currently has the address of 2122 ATLANTA STREET
<br />
<br />[Street]
<br />
<br />GRAND ISLAND
<br />[Cily]
<br />
<br />68803
<br />[Zip Code]
<br />
<br />("Property Address");
<br />
<br />, Nebraska
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<br />TOGETHER WITH all the improvements now or hereafter erected on the property, and all casements,
<br />appurtenances, and fixtures now or hereafter a part of the property. All replacements and additions shall also he
<br />covered by tbis Security Instrument. All of the foregoing is referred to in this Security Instrument as the "Property."
<br />Borrower understands and agrees that MERS holds only legal title to the interests granted by Borrower in this Security
<br />Instrument. but, if necessary to comply with law or custom. MERS (as nominee for Lender and Lender's successors
<br />and assigns) has the right; to exercise any or all of those interests, including, but not limited to, tbe rigbt to foreclose
<br />and sell the Property; and to take any action required of Lender Including, but not limited to, releasing and canceling
<br />this Security Instrument
<br />BORROWER COVENANTS that Borrower Is lawfully seised of the estate hereby conveyed and has the right
<br />to grant and convey the Property and that the Property is unencumhered, except for encumbrances of record.
<br />Borrower warrants and will defend generally the title to the Property against all claims and demands, subject to any
<br />encumbrances of record.
<br />THIS SECURITY INSTRUMENT combines uniform covenants for national use and non-uniform covenants with
<br />limited variations by jurisdiction to constitute a uniform security instrument covering real property.
<br />
<br />NEBRASKA--Single Family.,Fannie Mae/Freddie Mac UNIFORM INSTRUMENT, MERS
<br />Form 3028 1/01 Page 2 of 10
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