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<br />200608497
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<br />ill "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
<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 assoctation, homeowners association or similar
<br />organization.
<br />(L) "Electronic Funds Trllll5fer" means any transfer of funds, other than a transaction originated by check. draft,
<br />or similar paper instrument, wblch is Initiated through an electronic terminal, telephonic instrument. computer, or
<br />magnetic tape so as to order, instruct, or authorize a financial Institution to debit or credit an account. Soch term
<br />Includes, but Is not limited to. point.of-sale transfers, automated teller machine transactions, transfers initiated 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; (il) condemnation or other taking of all or any part of the Property; (III) conveyance in
<br />lleu of condemnation; or (Iv) misrepresentations of, or omissions as to, the value and/or condition of the Property.
<br />(0) "Mortgage Imurance" means insurance protecting Lender against the nonpayment of, or default on, the Loan.
<br />(P) "Periodic Payment" means the regularly scheduled amoont due for (i) principal and Interest under the Note,
<br />plus (II) any amounts under Section 3 of this Security Instroment.
<br />(Q) "RESPA" means the Real Estate Settlement Procedures Act (12 V.S.C. !;2601 et seq.) and Its Implementtng
<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 />"RESP A" refers to all requirements and restrictions that are Imposed In regard to a "federally related mortgage loan"
<br />even Ifthe 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 titte to the Properly, whether or not that
<br />party has assumed Borrower's obligations under the Note and/or this Security Instrument.
<br />
<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, with power of sale, the following described property located In the
<br />COUNTY of HALL
<br />(Type of Recording Jurisdiction] (Name of Recording Jurisdiction]
<br />
<br />WI' 5, VE3I' ~ JlilllT.KN '10 'll:E CJT{ CF rnNJ!SUN), ffi1L CIlNI'{, ~
<br />A.P.N.: 4001JB955
<br />
<br />which currently has the address of
<br />
<br />2609 DEL MONTE AVENUE
<br />(SII'eell
<br />
<br />GRAND ISLAND
<br />[Clly]
<br />
<br />, Nebraska
<br />
<br />EB803-6115 ("Property Address"):
<br />(Zip Code)
<br />
<br />TOGETHER WIlli 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. Ifnecessary tu 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 Secwity 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.
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<br />NEBRASKA--Slngle Family..Fannle Man/Freddie Mac UNIFORM INSTRUMENT - MERS
<br />FOI1Tl 3028 1/01 Page 2 of 10
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<br />DocN/aglc erlilll!.'Dill' 800-049-1362
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