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200607614 (J) "Applicable Law" means all controlling applicable federal. state and local statutes, ,'egulations, ordinances and administrative rules and orders (that have the effect of law) as well as all applicable final. non-appealable judicial opinions. (K) "Community Association Dues, Fees, and Assessments" means all dues. fees. assessments and other charges that are Imposed on Borrower or the Property by a condominium association. homeowners association or similar organization. (L) "Electronic.Funds Transfer" means any transfer of funds, other than a transaction originated by check, draft, or similar paper instrument, which is initiated through an electronic terminal. telephonic Instrument, computer. or magnetic tape so as to order, instruct, or authorize a financial institution to debit or credit an account. Such term includes, but is not limited to, point-of-sale transfers, automated teller machine transactions. transfers initiated by telephone, wire transfers, and automated clearinghouse transfers. (M) "Escrow Items" means those items tbat are described in Section 3. (N) "Miscellaneous Proceeds" means any compensation, settlement, award of damages, or proceeds paid by any third party (other than insurance proceeds paid under tbe coverages described in Section 5) for: 0) damage to, or destruction of. the Property: (ii) condemnation or otber taking of all or any part of tbe Property: (Iii) conveyance in lieu of condemnation: or (iv) misrepresentations of. or omissions as to, the value and/or condition of the Property. (0) "Mortgage Insurance" means insurance protecting Lender against tbe nonpayment of, or default on, the Loan. (P) "Periodic Payment" means the regularly scheduled amount due for (i) principal and interest under the Note. plus (Ii) any amounts under Section 3 of this Security Instrument. (Q) "RESPA" means tbe Real Estate Settlement Procedures Act (12 U.S.C. ~2601 et seq.) and its implementing regulation. Regulation X (24 C.F.R. Part 3500), as they migbt be amended from time to time, or any additional or successor legislation or regulation that governs the same subject matter. As used in this Security Instrument. "RESP A" refers to all requirements and restrictions that are imposed in regard to a "federally related mortgage loan" even if tbe Loan does not qualify as a "federally related mortgage loan" under RESPA. (R) "Successor in Interest of Borrower" means any party tbat has taken title to tbe Property, wbether or not that party has assumed Borrower's obligations under the Note and/or this Security Instrument. TRANSFER OF RIGHTS IN THE PROPERTY The beneficiary of this Security Instrument is MERS (solely as nominee for Lender and Lender's successors and assigns) and the successors and assigns of MERS. This Security Instrument secures to Lender: (i) the repayment of the Loan, and all renewals, extensions and modifications of the Note: and (il) the performance of Borrower's covenants and agreements under this Security Instrument and the N ute. For this purpose, Borrower irrevocably grants and (;Cmveys to Trustee, in trust, with power of sale. the following described property located in the COUNTY of HALL ITypp. or Rp~~OtdiTlg J~lrhdktionl lName of Recording JurisdictionJ SEE LEGAL DESCRIPTION ATTACHED HERETO AND MADE A PART HEREOF AS EXHIBIT "A". A.P.N.: 400056305 which currently has the address of 110 SOUTH GREENWICH STREET IS'teOlI GRAND ISLAND ICltyl . Nebraska 68801 [Zip Cude] ("Property Address"): TOGETHER WITH all the improvements now or hereafter erected on the property, and all easements, appurtenances, and fixtures now or hereafter a part of the property. All replacements and additions shall also be covered by this Security Instrument. All of the foregoing is referred to in this Security Instrument as the "Property." Borrower understands and agrees that MERS holds only legal title to the interests granted by Borrower in this Security Instrument, but, if necessa'y to comply with law or custom. MERS (as nominee for Lender and Lender's successors and assigns) has the right: to exercise any or all ofthose interests, including, but not limited to, the right to foreclose and sell the Property: and to take any action required of Lender including, but not limited to, releasing and canceling this Security Instrument. BORROWER COVENANTS that Borrower is lawfully seised of the estate hereby conveyed and has the right to grant and convey the Property and that the Property is unencumbered, except for encumbrances of record. Borrower warrants and will defend generally the title to the Property against all claims and demands, sul:!lect to any encumbrances of record. Borrower Initials: NE8RASKA..Single Fa Form 3028 1/01 die Mac UNIFORM INSTRUMENT - MERS Page 2 of 10 DocMag;c e;:;in"n7ii'llf.; 800-649-1362 www.docmagic.com ~/