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<br />., <br /> <br />, , <br /> <br />200603072 <br /> <br />5PT60218 <br />(E) "Note" means the promissory note signed by Borrower and dated April 6, 2006 <br />The Notc states that Borrower owes Lender <br />One Hundred Sixteen Thousand Seven Hundred Twenty-Five And 00/100 <br />Dollars (U,S. $ 116,725.00 ) plus interest. Borrower has promised to pay this debt in <br />regular Periodic Payments and to pay the debt in full not later than May 1, 2036 <br />(F) "Property" means the property that is described below under the heading "Transfer of Rights in the <br />Property." <br />(G) "Loan" means the debt evidenced by the Note, plus interest, any prepayment charges and late charges duc <br />under the Note, and all sums due under this Security Instrument, plus interest. <br />(H) "Riders" means all Riders to this Security Instrument that are executed by Borrower. The following Riders <br />are to be executed by Borrower [check box as applicable]: <br /> <br />D Adjustable Rate Rider D Condominium Rider <br />D Balloon Rider D Planned Unit Development Rider <br />D 1-4 Family Rider D Other(s) [specify] <br />~ VA Rider <br /> <br />D Second Home Rider <br />D Biweekly Payment Rider <br /> <br />(I) "Applicable Law" means all controlling applicable federal, state and local statutes, regulations, ordinances <br />and administrative rules and orders (that have the effect of law) as well as all applicable final, non-appealablc <br />judicial opinions. <br />(J) "Community Association Dues, Fees, and Assessments" means all dues, fees, assessments and other <br />charges that are imposed on Borrower or the Property by a condominium association, homeowners association or <br />similar organization. <br />(K) "Electronic Funds Transfer" means any transfer of funds, other than a transaction originated by check, <br />draft, or similar paper instrument, which is initiated through an electronic terminal, telephonic instrument, <br />computer, or magnetic tape so as to order, instruct, or authorize a [mancial institution to debit or credit an <br />account. Such term includes, but is not limited to, point-of-sale transfers, automated teller machine transactions, <br />transfers initiated by telephone, wire transfers, and automated clearinghouse transfers. <br />(L) "Escrow Items" means those items that are described in Section 3. <br />(M) "Miscellaneous Proceeds" means any compensation, settlement, award of damages, or proceeds paid by <br />any third party (other than insurance proceeds paid under the coverages described in Section 5) for: (i) damage to, <br />or destruction of, the Property; (ii) condemnation or other taking of all or any part of the Property; (iii) <br />conveyance in lieu of condemnation; or (iv) misrepresentations of, or omissions as to, the value and/or condition <br />of the Property. <br />(N) "Mortgage Insurance" means insurance protecting Lender against the nonpayment of, or default on, the <br />Loan. <br />(0) "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 />(P) "RESPA" means the Real Estate Settlement Procedures Act (12 U.S.C. ~260I 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 <br />loan" even if the Loan does not qualify as a "federally related mortgage loan" under RESPA. <br />(Q) "Successor in Interest of Borrower" means any party that has taken title to the Property, whether or not <br />that party has assumed Borrower's obligations under the Note and/or this Security Instrument. <br /> <br />TRANSFER OF RIGHTS IN THE PROPERTY <br /> <br />This Security Instrument secures to Lender: (i) the repayment of the Loan, and all renewals, extensions and <br />modifications of the Note; and (ii) the performance of Borrower's covenants and agreements under this Security <br />Instrument and the Note. For this purpose, Borrower irrevocably grants and conveys to Trustee, in trust, with <br /> <br />NEBRASKA--Singlc Family-Fannie Mae/Freddie Mac UNlJiORM INSTRUMENT <br />Modified For VA <br /> <br />Form 3028 1/01 <br /> <br />poeU3 NEZ <br />OOCU3NE2. VTX 05/10/2004 <br /> <br />(Page 2 of 14 pages) <br />