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<br />200700676
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<br />0) "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 charges
<br />that are imposed on Borrower or the Property hy a condominium association, homeowners association or similar
<br />organization.
<br />(L) "Electronic Funds Transfer" means any transfer of funds, other than a transaction originated by check, draft,
<br />or similar paper instrument, which 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. 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 />(M) "Escrow Items" means those iltms that arc 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; (iii) 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 V,S.C. ~260I et seq.) and its implementing
<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 arc imposed in regard to a "federally related mortgage loan"
<br />even if the Loan docs 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 Instrumenl.
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<br />TRANSFER OF RIGHTS IN THE PROPERTY
<br />
<br />The beneficiary uf this Security Instrument is MERS (solely as nominee fur Lender and Lender's successors and
<br />assigns) and the successors and assigns of MERS. This Secu~ity Instrument secures to Lender: (j) the repayment of
<br />the Loan, and all renewals, extensiuns 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 irrevocahly grants
<br />and conveys to Trustee, in trust, with power of sale, the following described property located in the
<br />COUNTY of HALL
<br />
<br />rType of Recording Jurisdiction]
<br />
<br />rName of Recording Jurisdiction]
<br />
<br />A CERTAIN TRACT OF IAND IN THE WEST HALF OF THE NORTHWEST QUARTER OF SECTION
<br />4, IN TOWNSHIP 11 NORTH, FPNGE 9 WEST OF THE 6TH P.M., HALL COUNTY, NEBRASKA.,
<br />MORE PARTlCUIARY DESCRIBED AS FDLWWS: BEGINNING AT A POINT ON THE COUNTY LINE
<br />33 FEET SOUTH AND 206 FEET WEST OF THE NORTHEAST CORNER OF SAID WEST HALF OF
<br />THE NORTHWEST QUARTER IN SECTION 4, TOWNSHIP 11 NORTH, FPNGE 9 WEST OF THE 6TH
<br />P.M., RUNNING THENCE SOUTH PARALLEL TO THE WEST LINE OF SAID WEST HALF
<br />NORTHWEST QUARTER FDR A DISTANCE OF 257.0 FEET; THENCE RUNNING WEST AT RIGHT
<br />ANGLES FOR A DISTANCE OF 165.0 FEET; THENCE NORTH AT RIGHT ANGLES FDR A
<br />DISTANCE OF 260.4 FEET, TO THE COUNTY ROAD LINE, FDR A DISTANCE OF 165.0 FEET
<br />TO THE POINT OF BEGINNING
<br />A.P.N.: 400205602
<br />
<br />which currently has the address of
<br />
<br />201 EAST AIRPORT ROAD
<br />[Street]
<br />
<br />GRAND ISLAND
<br />[Clly]
<br />
<br />, Nebraska
<br />
<br />EB803-9303 ("Property Address"):
<br />[Zip Code]
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<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. bul, 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 sellthc Property; and to take any action required of Lender including. but not limited to, releasing and canceling
<br />this Securlly 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, subjecl to any
<br />encumbrances of record.
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<br />NEBRASKAnSingle Family--Fannie Mae/Freddie Mac UNIfORM INSTRUMENT - MERS
<br />Form 3028 1/01 Page 2 of 10
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<br />DocMBgic f!l1i~1I'fIfIfII! 800-649-1362
<br />www.docmagic.com
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