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<br />200602083
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<br />(B) "Borrower" is JOHN A. PEBECK, III AND KELLlE S. PEBECK. Borrower is the trustor under
<br />this Security Instrument.
<br />(C) "Lender" is ACCESS NATIONAL MORTGAGE. Lender is a corporation organized and existing
<br />under the laws of the State of VIRGINIA. Lender's address is 1800 ROBERT FULTON DRIVE,
<br />SUITE 325, RESTON, VIRGINIA 20191.
<br />(D) "Trustee" is DEAN HACKEMER.
<br />(E) "MERS" is Mortgage Electronic Registration Systems, Inc. MERS is a separate corporation that is
<br />acting solely as a nominee for Lender and Lender's successors and assigns. MERS is the beneficiary
<br />under this Security Instrument. MERS is organized and existing under the laws of Delaware, and has
<br />an address and telephone number ofp.O. Box 2026, Flint, MI 48501-2026, tel. (888) 679-MERS.
<br />(F) "Note" means the promissory note signed by Borrower and dated February 17,2006. The Note
<br />states that Borrower owes Lender Ninety One Thousand Four Hundred Fifty Five And 00/100 Dollars
<br />(U.S. $ 91,455.00) plus interest. Borrower has promised to pay this debt in regular Periodic Payments
<br />and to pay the debt in full not later than March 1,2031.
<br />(G) "Property" means the property that is described below under the heading "Transfer of Rights in the
<br />Property."
<br />(H) "Loan" means the debt evidenced by the Note, plus interest, any prepayment charges and late
<br />charges due under the Note, and all sums due under this Security Instrument, plus interest.
<br />(I) "Riders" means all Riders to this Security Instrument that are executed by Borrower. The following
<br />Riders are to be executed by Borrower [check box as applicable]:
<br />
<br />[] Adjustable Rate Rider
<br />[] Balloon Rider
<br />[X] V A Rider
<br />
<br />[] Condominium Rider
<br />[] Planned Unit Development Rider
<br />[] Biweekly Payment Rider
<br />
<br />[] Second Home Rider
<br />[] 1-4 Family Rider
<br />[] Other(s) [specifY]
<br />
<br />(J) "Applicable Law" means all controlling applicable federal, state and local statutes, regulations,
<br />ordinances and administrative rules and orders (that have the effect of law) as well as all applicable final,
<br />non-appealable judicial opinions.
<br />(K) "Community Association Dues, Fees, and Assessments" means all dues, fees, assessments and
<br />other charges that are imposed on Borrower or the Property by a condominium association, homeowners
<br />association or similar organization.
<br />(L) "Electronic Funds Transfer" means any transfer of funds, other than a transaction originated by
<br />check, draft, or similar paper instrument, which is initiated through an electronic terminal, telephonic
<br />instrument, computer, or magnetic tape so as to order, instruct, or authorize a financial institution to debit
<br />or credit an account. Such term includes, but is not limited to, point-of-sale transfers, automated teller
<br />machine transactions, transfers initiated by telephone, wire transfers, and automated clearinghouse
<br />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
<br />paid by any third party (other than insurance proceeds paid under the coverages described in Section 5)
<br />for: (i) damage to, or destruction of, the Property; (ii) condemnation or other taking of all or any part of
<br />the Property; (iii) conveyance in lieu of condemnation; or (iv) misrepresentations of, or omissions as to,
<br />the value and/or condition ofthe Property.
<br />(0) "Mortgage Insurance" means insurance protecting Lender against the nonpayment of, or default
<br />on, the Loan.
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<br />NEBRASKA - Single Family - Fannie MaelFreddie Mac UNIFORM INSTRUMENT WITH MERS Fonn 3028 1101
<br />Page 2 of 17 InitiaIS(~' t/.SI'
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