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<br />200605682
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<br />(E) "MERS" is Mortgage Electronic Registration Systems, Inc. MERS is a separate corporation that is acting solely as
<br />a nominee for Lender and Lender's successors and assigns. MERS is the beneficiary under this Security Instrument.
<br />MERS is organized and existing under the laws of Delaware, and has an address and telephone number of P.O. Box 2026,
<br />Flint, MI 48501-2026, tel. (888) 679-MERS.
<br />
<br />(F) "Note" means the promissory note signed by Borrower and dated February 22, 2006. The Note states that
<br />Borrower owes Lender Eighteen Thousand Seven Hundred Fifty and 00/100ths Dollars (U.S. $18,750.00) plus interest.
<br />Borrower has promised to pay this debt in regular Periodic Payments and to pay the debt in full not later than March 1, 2036.
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<br />(G) "Property" means the property that is described below under the heading "Transfer of Rights in the Property."
<br />
<br />(H) "Loan" means the debt evidenced by the Note, plus interest, any prepayment charges and late charges due under the
<br />Note, if allowed under Applicable Law, and all sums due under this Security Instrument, plus interest.
<br />
<br />(I) "Riders" means all Riders to this Security Instrument that are executed by Borrower. The following Riders are to
<br />be executed by Borrower [check box as applicable];
<br />
<br />== Adjustable Rate Rider
<br />r-1
<br />'---' Balloon Rider
<br />r-1
<br />L-..J 1-4 Family Rider
<br />....--.
<br />L-..J Other(s) [specify]
<br />
<br />r-I "d
<br />'--' Condomimum RI er
<br />r-1
<br />'--' Planned Unit Development Rider
<br />r-1
<br />L-..J Revocable Trust Rider
<br />
<br />r-I .
<br />'--' Second Home RIder
<br />r-1
<br />'---' Biweekly Payment Rider
<br />
<br />(J) "Applicable Law" means all controlling applicable federal, state and local statutes, regulations, ordinances and
<br />administrative rules and orders (that have the effect of law) as well as all applicable final, non-appealable judicial opinions.
<br />
<br />(K) "Community Association Dues, Fees, and Assessments" means all dues, fees, assessments and other charges that
<br />are imposed on Borrower or the Property by a condominium association, homeowners association or similar organization.
<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 terminal, 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; (iii) 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 Loan.
<br />
<br />(P) "Periodic Payment" means the regularly scheduled amount due for (i) principal and interest under the Note, plus
<br />(ii) any amounts under Section 3 ofthis Security Instrument.
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<br />Nebraska Deed of Trust-Single Farnily-Seeondary Lien
<br />-THE COMPLIANCE SOURCE, INC.-
<br />www.compliancesource.com
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<br />MERS Modified Form 3801 01/01
<br />Page 2 of 12 Modllled By "The Compliance Souree, Inc." 14102NE 03/02
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<br />II 11111111111111111111 II III II r rmnlT II
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<br />+0144545993+00AO+2+12
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