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<br />(K) "Community Association Dues, Fees, and Assessments" means all dues, f~es, assessments and other charges
<br />that are imposed on Borrower or the Property by a condominium association, homeowners association or similar
<br />.organizatioil.
<br />(L) "Electronic Funds 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 tenruual, telephonic instrument, computer, or
<br />magnetic tape so as to order, instruct, or authorize a fiIllUlcial institution to debit or credit an account. Such term
<br />-includes, but is not limited to, point-of-sale transfers, automated teller machine 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; (ii) condemnation or other taking of all or any part of the Property; (Hi) conveyance in
<br />lieu of condemnation; or (iv) miSrepreseotations of, or omissions as to, the value and/or condition of the Property.
<br />(0) ''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 tlle Note,
<br />plus (ii) any amounts under Section 3 of this Security Instrument.
<br />(Q) "RESPA" means the Real Estate Settlement Procedures Att (12 U.S,C. t2601 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 mailer. M used in this Security Instrument,
<br />"RESP 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 RESP A.
<br />(R) "Successpr in Interest of Borrower" means any party that bas taken title to the Property, whether or not that
<br />party h[lS assumed Borrower's obligations under the Note and/or this Security InstnlIIlent.
<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 />assigns) ~d 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 (ii) the performance of Borrower'S
<br />covenants and agreements under this Security Instrument and the Note. For this purpose, Bi:lrrowerirrevocably grants
<br />and conveys 10 Trustee, in trust, with power of sale, the following described property located in the
<br />COUNTY of HALL
<br />(Type ofRe",rding Juri.diotionJ [Name or Rocording Jurisdic60nj
<br />LOT THIRTEEN (13) IN BLOCK ONE (1), CUNNINGHAM ,SUBDIVISION TO THE
<br />CITY OF GRAND ISLAND, HALL COUNTY, NEBRASKA AND ALL THAT PART OF
<br />THE VACATED ALLEY BY ORDINANCE NO. 6621 WHICH IS THE SOUTHERLY
<br />SIX (6) FEET ABUJ;'TING AND ADJACENT TO LOT THIRTEEN (13), B~OCK
<br />O~E (1) IF CUNNINGHAM SUBDIVISION, CITY OF GRAND ISLAND, HALL
<br />COUNTY r NEBRASKA. '
<br />A.P.N. #: 400039850
<br />
<br />which currently has the address of 2322 W 13 TH
<br />
<br />ISlroetl
<br />
<br />GRAND ISLAND
<br />[Cityl
<br />
<br />, Nebraska
<br />
<br />68803
<br />[Zip Code]
<br />
<br />("property Address"):
<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 Security Instrument. AU of the foregoing is referred to in this Security Instrument as the "Property. ..
<br />Bori:owerunderstands and agrees that MERS holds only legal title to the interests granted by Borrower in this Security
<br />InstnlIIlent, but, if necessary to comply with law or cnstom, 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 actionrequlred of Lender including, but not limited to, releasing and canceling
<br />this Secup.ly Instrument. -
<br />BORROWER COVENANTS that Borrower is lawfully seised of ilie estate hereby conveyed and has the right
<br />to grant and convey the Property and that the Property is unencumbered, except for encumbrances of record.
<br />Borrower warrant)l ane! will defend generally tI.w titll\ to the Property against all claims and demands, subject to any
<br />encumbrances of record.
<br />THIS SECURITY INSTRUMENT combillesunlforrn covenants for national use and non-uniform covenants with
<br />limited variations by jurisdiction to constitUte a uuiform security instrument covering real property.
<br />
<br />'NEBRASKA-Single Famlly-Fonnle Mao/Froddle Mao UNIFORM INSTRUMENT. MERS
<br />Form 3026 1/01 Page 2 of 10
<br />
<br />Oo<;M;Jgic~ 00'>-04,"''''02
<br />. www.docm/lgic.com
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