|
<br />200700012
<br />
<br />Periodic Payments and to pay the debt in full not later than NOVEMBER 15,2007.
<br />(F) "Property" means the property that is described below under the heading "Transfer of Rights in the
<br />Property."
<br />(G) "Loan" means all amounts owed now or hereafter under the Debt Instrument, including without limitation
<br />principal, interest, any prepayment charges, late charges and other fees and charges due under the Debt Instrument,
<br />and also all sums due under this Security Instrument, plus interest.
<br />(II) "Riders" means all Riders to this Security Instrument that are executed by Borrower. The following Riders
<br />are to be executed by Borrower [check box as applicable]:
<br />
<br />IN/AI Leasehold Rider
<br />
<br />IN/AI Third Party Rider ~ Other(s) [specify] N/A
<br />
<br />(I) "Applicable Law" means all controlling applicable federal law and, to the extent not preempted by federal
<br />law, state and local statutes, regulations, ordinances and administrative rules and orders (that have the effect of law)
<br />as well as all applicable final, non-appealable judicial opinions.
<br />(J) "Community Association Dues, Fees, and Assessments" means all dues, fees, assessments and other
<br />charges that may be imposed on Borrower or the Property by a condominium association, homeowners association
<br />or similar organization.
<br />(K) "Electronic }~unds Transfer" means any transfer of funds, other than a transaction originated by check,
<br />draft, or similar paper instrument, which is initiated through an electronic terminal, telephonic instrument, computer,
<br />or magnetic tape so as to order, instruct, or authorize a financial institution to debit or credit an account. Such 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 />(L) "Miscellaneous Proceeds" means any compensation, settlement, award of damages, or proceeds paid by
<br />any third party (other than insurance proceeds paid under the coverages described in Section 4) 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 in
<br />lieu of condemnation; or (iv) misrepresentations of, or omissions as to, the value and/or condition of the Property.
<br />(M) "Periodic Payment" means the amounts as they become due for principal, interest and other charges as
<br />provided for in the Debt Instrument.
<br />(N) "Successor in Interest of Borrower" means any party that has taken title to the Property, whether or not
<br />that party has assumed Borrower's obligations under the Debt Instrument and/or this Security Instrument.
<br />
<br />TRANSFER OF RIGHTS IN THE PROPERTY
<br />
<br />This Security Instrument secures to Lender: (i) the repayment of the Loan, and all future advances, renewals,
<br />extensions and modifications of the Debt Instrument, including any future advances made at a time when no
<br />indebtedness is currently secured by this Security Instrument; and (ii) the performance of Borrower's covenants and
<br />agreements under this Security Instrument and the Debt Instrument. 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 />
<br />County
<br />[Type of Recording Jurisdictiun]
<br />
<br />of HALL
<br />[Name of Recording Jurisdiction]
<br />
<br />ALL OF LOT TWO (2) AND THE NORTH TEN (10) FEET OF LOT FOUR (4), BLOCK THIRTEEN (B),
<br />COLLEGE ADDITION TO WEST LAWN, CITY OF GRAND ISLAND, HALL COUNTY, NEBRASKA.
<br />400041294
<br />
<br />which currently has the address of
<br />
<br />GRAND ISLAND
<br />[City]
<br />
<br />1921 COTTAGE STREET
<br />[Street]
<br />, Nebraska 68803 ("Property Address"):
<br />[Zip Code]
<br />
<br />liillinillli.iillii.ifiiil.111 (5/4/06)
<br />
<br />(page 2 of 13 pages)
<br />Documents Processed 11-14-2006, 14: 19:32
<br />
|