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<br />(1<) "Community Association Dues, Fees, and Assessments" means all dues, fees, assessments and other charges
<br />that are tmposed 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 check, draft,
<br />or similar paper Instrument, whlch Is Inttlated through an electronic terminal, telephonic Instrument, computer, or
<br />magnetic tape so as to order, Instruct, or authorize a Ilnanclallnstltutlon to debit or credit an account. Such term
<br />Includes, but Is not limited to, polnl-of-sale transfers, automated teller machine transactions, transfers Initiated by
<br />telephone. wtre transfers, and automated clearinghouse transfers.
<br />(M) "Escrow Items" means those Items that are described In Section 3.
<br />(N) "Mlscellaneclus 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; (III) conveyance tn
<br />lieu of condemnation; or (tv) misrepresentations 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 the Note,
<br />plus (II) any amounts under Section 3 of this Security Instrument.
<br />(Q) "RESPA" means the Real Estate Settlement Procedures Act (12 U.S.C. !l2601 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 Ihe same subject mailer. As used In this Security Instrument,
<br />"RESP A" refers to all requlremenls and reslrlctlons thai 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 obl1gallons under the Nole and/or this Security Instrument.
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<br />TRANSFER OF RIGHTS IN THE PROPERTY
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<br />The beneficiary of Ihls Security Inslrument Is MERS (solely as nominee for Lender and Lender's successors and
<br />assigns) and the successors and assigns of MERS. This Security Inslrument secures to Lender: (I) the repayment of
<br />the Loan, and all renewals, extensions and modlflcallons of Ihe Note; and (II) the performance 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 descrtbed property located In the
<br />COUNTY of HALL
<br />IType of Recording Jurisdiction] (Name of Recording Jurlsdlctloo)
<br />SEE LEGAL DESCRIPI'ION A'ITACHED HERETO AND MADE A PART HEREOF AS EXHIBIT "A".
<br />A.P.N. #: 400160196
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<br />Lot Thirty-five (35), R&B Subdivision, Hall County, Nebraska
<br />
<br />TIllS IS A PURCHASE HONEY TRANSACTION
<br />
<br />whlch currently has the address of 1717 ALLEN COURT
<br />
<br />[Str""l]
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<br />GRAND ISLAND
<br />refly]
<br />
<br />, Nebraska
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<br />68803 ("Property Address"):
<br />[Zip Code]
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<br />TOGETHER WITH all the Improvements now or hereafter erected on the property, and aU easements.
<br />appurtenances, and fixtures now or hereafter a Ilart of the property. All replacements and additions shall also be
<br />covered by this Security 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 tIIle to the Interests granted by Borrower In this Security
<br />Instrument, but, If necessary to comply 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 />thts Security 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, except for encumbrances of record.
<br />Borrower warranls and will defend generally the title to the Property against all claims and demands. subject to any
<br />encumbrances of record.
<br />THIS SECURITY INSTRUMENT combines uniform covenants for national nse and non-uniform covenants wllh
<br />limlled variations hy Jurisdiction to constitute a uniform securtty Instrument covering real property.
<br />
<br />NEBRASKA--Slngle hmlly--Fannle Mae/Fraddle Mac UNIFORM INSTRUMENT - MERS
<br />Form 3028 1/01 Page 2 of 10
<br />
<br />DocMarIIt;:~ 800.04..1302
<br />www.t/0ctn4gtc.com
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