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<br />v2 WBCD LOAN # 501154530
<br />(G) "Property" means the property that Is described below under the heading "Transfer of Rights in the Property."
<br />(H) "Loan" means the debt evidenced by the Note, plus Interest, any prepayment charges and late charges due under
<br />the Note, and all sums due under this Seourity Instrument, plus Interest.
<br />(I) "Riders" means all Riders to this Security Instrument that are executed by Borrower. The following RIders are to be
<br />executed by Borrower [check box as~lIcable]:
<br />D Adjustable Rate Rider LJ CondominIum Rider CJ Seoond Home Rider
<br />D Balloon Rider DPlanned Unit Development Rider DOther(s) [specify]
<br />D 1-4 Family Rider D Biweekly Payment Rider
<br />DVA Rider
<br />
<br />200607504
<br />
<br />(J) "Applloable 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 />(K) "Community Association Dues, Fees, and Assessments" means all dues, fees, Qsssssments and other charges
<br />that are imposed on Borrower or the Property by a condominium assoolation, homeowners association or similar
<br />organization.
<br />(L) "Electronic Funds Transfer" means any transfer of funds, other than a transaction originated by oheok, draft, or
<br />similar paper instrument, which is Initiated through an electronic terminal, telephonic Instrument, computer, or magnetic
<br />tape so as to order, Instruct, or authorize a financial institution to debit or credit an account Such term Includes, but Is
<br />not limited to, point-of-sale transfers, automated teller machine transactions, transfers initiated by telephone, wire
<br />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 prooeeds paid by any
<br />third party (other than insurance proceeds paid under the coverages described in Section 5) for: (Q damage to, or
<br />destruction of, the Property; (iI) condemnation or other taking of all or any part of the Property; (III) conveyance In lieu
<br />of condemnation; or (Iv) misrepresentations of, or omissions as to, the value and/or condition of the Property.
<br />CO) "Mortgage Insurance" means insurance protecting Lender against the nonpayment of, or default on, the Loan.
<br />(P) "Periodic Paymenf' means the regularly scheduled amount due for (i) principal and interest under the Note, plus
<br />(II) any amounts under Section 3 of this Security Instrument.
<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
<br />successor legislation or regulation that governs the same subject matter. As used In this Security Instrument, "RESPA"
<br />reters to all requirements and restrictions that are Imposed In regard to a "federally related mortgage loan" even if the
<br />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 party
<br />has assumed Borrower's obligations under the Note and/or this Security Instrument.
<br />
<br />TRANSFER OF RIGHTS IN THE PROPER1Y
<br />The beneficIary ofthls Security Instrument Is MERS (solely as nominee for Lender and Lender's successors and assIgns)
<br />and the successors and assigns of MERS. This Security Instrument secures to Lender: (I) the repayment of the Loan, and
<br />all renewals, extensions and modifications of the Note; and (11) the performance of Borrower's cO\lllnants and agreements
<br />under this Security Instrument and the Note. For this purpose, Borrower Irrevocably grants and conveys to Trustee, in trust,
<br />with power of sale, the following described property located in the COllN'rY
<br />[Type of R..eordlng Juri.dlcllon) of HALL [Ntu'I1~ m Reoordlng Juri.dlotlon]:
<br />LOt Fifteen (15) in Fonner View Second Subdivision to the City of Grand Island, Hall
<br />County, Nebraska
<br />APN #. 400131390
<br />
<br />which currently has the address of 1112 Orange Road, GRAND ISLlWD,
<br />
<br />lStr~li!lllCityJ
<br />
<br />Nebraska
<br />
<br />68801
<br />[Zip Code]
<br />
<br />("Property Address"):
<br />
<br />TOGETHER WITH all the improvements nowor hereafter erected on the property, and all easements, appurtenances,
<br />and 'fixtures now or hereafter a part of the property. All replacements and additions shall also be covered by this Security
<br />Instrument, All of the foregoing is referred to in this Security Instrument as the "Property." Borrower understands and
<br />agrees that MERS holds only legal title to the Interests granted by Borrower in this Security Instrument, but, ifnecessary
<br />to comply with law or custom, MERS (as nominee for Lender and Lender's successors and assigns) has the right: to
<br />exercise any or all of those lnterasts, Including, but not limited to, the rlghtto foreclose and sell the Property; and to take
<br />any action required of Lender including, but not limited to, releasing and canceling this Security Instrument.
<br />
<br />BORROWER COVENANTS that Borrower Is lawfully seised ofthe estate hereby conveyed and has the right to grant
<br />and convey the Property and that the Property Is unencumbered, exceptforencumbrances of record. Borrowerwarrants
<br />and will defend generally the title to the Property against all claims and demands, subjectto any encumbrances ofrecor
<br />
<br />NEBRASKA.-Slnele Family-Fannie Mae/Freddie Mac UNIFORM INSTRUMENT Form a0281/o1
<br />(Q 1999.2.004 Online Doouments. Inc. Page 2 of 9
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<br />Initials.
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