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<br />200609846
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<br />(D) "Trustee" is TIO)R TITLE INSURANCE 0).
<br />
<br />(E) "MERS" is Mortgage Electronic Registration Systems, Inc. MERS is a separate corporation that is acting solely as
<br />a nominee for Lender and Lender's successors and assigns. MERS is the beneficiary under this Security Instrument.
<br />MERS is organized and existing under the laws of Delaware, and has an address and telephone number of P.O. Box 2026,
<br />Flint, MI 48501~2026, tel. (888) 679-MERS.
<br />
<br />(F) "Note" means the promissory note signed by Borrower and dated November 1, 2006
<br />The Note states that Borrower owes Lender eighteen thousand six hundred and NO/100ths
<br />Dollars (U.S. $ 18,600.00 )
<br />plus interest. Borrower has promised to pay this debt in regular Periodic Payments and to pay the debt in full not later
<br />than November 1, 2021
<br />
<br />(G) "Property" means the property that is described below under the heading "Transfer of Rights in the Property."
<br />
<br />(H) "Loan" means the debt evidenced by the Note, plus interest, any prepayment charges and late charges due under the
<br />Note, if allowed under Applicable Law, and all sums due under this Security Instrument, plus interest.
<br />
<br />(I) "Riders" means all Riders to this Security Instrument that are executed by Borrower. The following Riders are to
<br />be executed by Borrower [check box as applicable]:
<br />
<br />D Adjustable Rate Rider D Condominium Rider D Second Home Rider
<br />D Balloon Rider D Planned Unit Development Rider D Biweekly Payment Rider
<br />D Home Improvement Rider D Revocable Trust Rider
<br />61 Other(s)[specify] ID: First/Second Lien Balloon Rider
<br />
<br />(J) "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 opinions.
<br />
<br />(K) "Community Association Dues, Fees, and Assessments" means all dues, fees, assessments and other charges that
<br />are imposed on Borrower or the Property by a condominium association, homeowners association or similar organization.
<br />
<br />(L) "Electronic Funds Transfer" means any transfer of funds, other than a transaction originated by check, draft, or
<br />similar paper instrument, which is initiated through an electronic terminal, telephonic instrument, computer, or magnetic tape
<br />so as to order, instruct, or authorize a financial institution to debit or credit an account. Such term includes, but is not limited
<br />to, point-of-sale transfers, automated teller machine transactions, transfers initiated by telephone, wire transfers, and
<br />automated clearinghouse transfers.
<br />
<br />(M) "Escrow Items" means those items that are described in Section 3.
<br />
<br />(N) "Miscellaneous Proceeds" means any compensation, settlement, award of damages, or proceeds paid by any third
<br />party (other than insurance proceeds paid under the coverages described in Section 5) for: (i) damage to, or destruction of,
<br />the Property; (ii) condemnation or other taking of all or any part of the Property; (iii) conveyance in lieu of condemnation; or
<br />(iv) misrepresentations of, or omissions as to, the value and/or condition of the Property.
<br />
<br />(0) "Mortgage Insurance" means insurance protecting Lender against the nonpayment of, or default on, the Loan.
<br />
<br />(P) "Periodic Payment" 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 />
<br />Loan No: 124612142
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<br />Nebraska Deed of Trust-Single Family--Secondary Lien
<br />-THE COMPLIANCE SOURCE, INC.-
<br />www.compliance:)oufcc:.com
<br />
<br />Page 2 of II
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<br />11111111111111111111111111111111111111111111~lllllmlllI1I1I111111
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<br />Initials: ~
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<br />MERS Modified J<'orm 3801 01101
<br />Modified By "'fhe Compliance Source, hu~." 'I4102NE 03/02
<br />02002, The Compliance Source. file,
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