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<br />200603379
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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 Funds Transfer" means any transfer of funds, other than a transaction originated by cheL:k, draft,
<br />or similar paper instrument, which is initiated through an electronic tenninal, telephonic instrument, computer, or
<br />magnetic tape so as to order, instruct, or authorize a finanL:ial institution to debit or credit an account. Such tenn
<br />includes, but is not limited to, point-of-sale transfers, automated teller lnachine transactions, transfers initiated by
<br />telephone, wire transfers, and automated clearinghouse transfers.
<br />(M) "Escrow Items" means those items that are desL:ribed in Section 3.
<br />(N) "Miscellaneous Proceeds" means any wmpell.<;ation, 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; (ii) condemnation or other taking of all or any part of the Property; (iii) conveyance in
<br />lieu of condemnation; or (iv) misrepresentations of, or omissions as to, the value and/or condition of the Property.
<br />(0) "Mortgage Insurance" means insuranL:e proteL:ting 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" mean<; the Real Estate Settlement Procedures Act (12 V.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 />SUL:L:essor legislation or regulation that governs the same subject matter. As used in this Security Instrument,
<br />"RBSP A" 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 obligations under the Note 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
<br />assign<;) and the SUL:cessors and assigns of MERS. This Security Instrument secures to Lender: (i) the repayment of
<br />the Loan, and all renewals, extensions and modiflcations of the Note; and (ii) the perfonnance 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 JuriRdiction] [Name of Recording Jurisdiction]
<br />WI' 2, ~ HEIGnB ss::cN> 3..IDMSICN, CITY CF CR1NJ :rsI:A:\D, 1W.L COl\IIY, ~
<br />A.P.N.: 400165481
<br />
<br />which currently has the address of 42 5 8 LAR I AT LANE
<br />
<br />[Street!
<br />
<br />GRAND ISLAND
<br />[City]
<br />
<br />, Nebraska
<br />
<br />6 8 8 03 (" Property Address "):
<br />[Zip Code]
<br />
<br />TOGETHER WITH all the improvements now or hereafter erected on the property, and all easements,
<br />appurtenances, and fixtures now or hereafter a part of the property. All replacements and additions shall also be
<br />covered by this SeL:urity 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 wmply 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, the right 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 Sewrity 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 unencumbered, eXL:ept for encumbrances of record.
<br />Borrower warrants and will defend generally the title to the Property against all daims and demands, subject to any
<br />encumbranL:es of record.
<br />THIS SECURl TY INSTRUMENT combines uniform covenants for national use and non-uniform covenants with
<br />limited variations by jurisdiction to con<;titute 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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<br />DocMagic6JtNJ1JiJiW 800 849-1362
<br />www.docmagic.com
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