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<br />200608296
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<br />Ol "Applicable Law" means all controlling applicable federal, state and local statutes, regulations, ordinances and
<br />administrative rules and orders (that bave the effect of law) as well as all applicable final, non-appealable judicial
<br />opinions.
<br />(K) "Community Association Dues, Fees, and Assessments" means all dues. fees, assessments and other cbarges
<br />that are Imposed on Borrower or the Property by a condominium association, homeowners association or similar
<br />organizallon.
<br />(L) "Electronic Funds Transfer" means any transfer of funds, other than a transaction originated by check, draft,
<br />or similar paper instrument, whlcb Is initiated through an electronic terminal, telephonic instrument, computer, or
<br />magnetic tape so as to order, Instruct, or authorize a financlallnslltullon to debit or credit an account. Such term
<br />Includes, but Is not limited to, polnt-of-sale transfers, automated teller machine transacllons. transfers inillated 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: (ill) conveyance in
<br />lieu of condemnation: or (Iv) 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. !i2601 et seq,) and Its Implementlng
<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,
<br />"RESPA" 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 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 obligations under the Note and/or this Security Instrument.
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<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) and 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, Borrower irrevocably grants
<br />and conveys to Trustee, in trust. witb power of sale, the following described property located In the
<br />COUNTY of HALL
<br />[Type of Recording Jurisdiction] IName of Recording Jurlsdictioo]
<br />SEE LEGAL DESCRIPI'ION ATTACHED HERETO AND MADE A PART HEREOF AS EXHIBIT "A".
<br />A.P.N.: 400178583
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<br />which currently has the address of
<br />
<br />703 WALNUT STREET
<br />(Street]
<br />
<br />WOOD RIVER
<br />[City]
<br />
<br />, Nebraska
<br />
<br />688 8 3 ("Property Address "):
<br />(Zip Code]
<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. All of the foregoing is referred to in this Security Instrument as the "Property, "
<br />Borrower understands and agrees that MERS holds only legal title 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 />this 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 warrants and will defend generally the title to the Property against all claims and demands, subject to any
<br />encumbrances of record.
<br />
<br />Borrower Initials; f II 11, rn I{. " .
<br />NEBRASKA..Slngle Family--Fannie Mae/Freelelie Mac UNIFORM INSTRUMENT. MERS
<br />Form 3028 1/01 Page 2 of 10
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<br />DocMrrglc e,"fW!JfJfJIl 800.649.136<
<br />www.docmsgic.com
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