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200602392
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Last modified
3/22/2006 12:42:01 PM
Creation date
3/22/2006 12:42:00 PM
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DEEDS
Inst Number
200602392
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<br />200602392 <br /> <br />(L) "Electronic Funds Transfer" means any transfer of funds, other than a transaction originated by check, draft, or <br />similar paper instrument, which is initiated through an electronic temlinal, telephonic instrument, computer, or magnetic tape <br />so as to order, instruct, or authorize a financial institution to debit or credit an 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 /> <br />(M) "Escrow Items" means those items that are described in Section 3. <br /> <br />(N) "Miscellaneous Proceeds" means any compensation, settlement, award of damages, or proceeds paid by any third <br />party (other than insurance proceeds paid under the coverages described in Section 5) for: (i) damage to, or destruction of, <br />the Property; (ii) condemnation or other taking of all or any part of the Property; (Hi) conveyance in lieu of condemnation; or <br />(iv) misrepresentations of, or omissions as to, the value and/or condition of the Property. <br /> <br />(0) "Mortgage Insurance" means insurance protecting Lender against the nonpayment of, or default on, the <br />Agreement and the Account. <br /> <br />(P) "Periodic Payment" means the amount due from Borrower to Lender each month for (i) principal and/or interest <br />under the Agreement, and all late charges and other charges provided herein or authorized by the Agreement, plus (ii) any <br />amounts under Section 3 of this Security Instrument. <br /> <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 successor <br />legislation or regulation that governs the same subject matter. As used in this Security Instrument, "RESPA" refers to the <br />escrow account requirements and restrictions that are imposed in regard to a "federally related mortgage loan" even if the <br />Agreement and the Account do not qualify as a "federally related mortgage loan" under RESPA. <br /> <br />(R) "Successor in Interest of Borrower" means any party that has taken title to the Property, whether or not that party <br />has assumed Borrower's obligations under the Agreement and/or this Security Instrument. <br /> <br />TRANSFER OF RIGHTS IN THE PROPERTY <br /> <br />The beneficiary of this Security Instrument is MERS (solely as nominee for Lender and Lender's successors and assigns) and <br />the successors and assigns of MERS. This Security Instrument secures to Lender: (a) the prompt repayment of the Account <br />evidenced by the Agreement, and all renewals, extensions and modifications of the Agreement, with interest thereon at the <br />rate provided in the Agreement; (b) the payment of all other sums due under the Agreement, with interest thereon at the rate <br />provided in the Agreement, (i) advanced to protect the security of this Security Instrument, (ii) incurred by Lender in <br />connection with the enforcement of its rights under this Security Instrument and/or the Agreement, and/or (Hi) required to be <br />paid as set forth herein or in the Agreement; and (c) the performance of Borrower's covenants and agreements under this <br />Security Instrument and/or the Agreement. <br /> <br />For this purpose, Borrower irrevocably warrants, grants and conveys to Trustee, IN TRUST, WITH POWER OF SALE, all <br />of the following described real property located in the County of BUFFALO <br />{Type ojRecording Jurisdiction} [Name of Recording Jurisdiction} <br /> <br />See Exhibit "A" attached hereto and made a part hereto. <br /> <br />Loan No: 6544500104 <br />Nebraska Home Equity Line of Credit Deed of Trust-First lien MERS Modified <br />-THE COMPLIANCE SOURCE, INC.- Page 3 of 14 <br />www.compliancesource.com <br /> <br />I1111111111111111111111111111111111111111111111111111111IIIII111111111 <br /> <br />95844NE 87102 <br />02002, The Compliance Source, Inc. <br />
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