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<br />200701002
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<br />(E) "MERS" is Mortgage Electronic T<egistration Systems, Tne. MERS is a separate corporation that IS
<br />a<.;ting solely as a nomlllee fIn I,ender and I ,ender's SlleC0ssOlS and asslgw; MERS is thc heneficiary
<br />under this Security Instrument. MERS is organized and existing under the laws of Delaware, and has
<br />an address and telephon0 number oIT.(} Ho" 202('>, Flint, MT 4X50 I -202fi, tel. (XXX) fi79-Mi-':I<S.
<br />(F) "Note" means the promissory note signed by Borrower and dated January 26, 2007. The Note states
<br />thaI ROlTower owes Lender Onc Hundred Thirty Fllur Thllusand Fllur Hundred And 00/100 Dollars
<br />(U,S. $134,400.00) plus interest. L.lonower has promised to pay this debt in regular Periodic Payments
<br />and to pay the debt in full not later than February 1,2027.
<br />(G) "Property" memlS the property thaI is described below Lmder the heading "Transfer of Rights in the
<br />Property. "
<br />(H) "Loan" means the debt evidenced by the Note, plus interest, any prepayment charges and late
<br />charg0s due under the Note, and all SllIllS duc under this Security Tnstrument, plus intcrest.
<br />(I) "Riders" means all Riders to this Seemity Instrument that arc executed by Horrower. Thc following
<br />Riders arc to bc l'xecuted by Bonower [check box as applicable]:
<br />
<br />J AdJustable Rate Rider
<br />I I Balloon Rider
<br />[ ] V ^ Rider
<br />
<br />[ 1 CondominIUm Rider
<br />I ] Planned Unitl)evelopment Rider
<br />I J Biweckly Paymcnt Rider
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<br />I I Second 1Iome Rider
<br />[J 1-4 Family Rider
<br />I ] Othcr(s) [specify]
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<br />(J) "Applicahle Law" means all controlling applicable feJeral, slale anJ local slatutes, regulations,
<br />ordinances anJ administrative rules and orJers (that have the effect of law) as well as all applicable final,
<br />non-appealable judicial opinions,
<br />(K) "Community Association Dues, F{,cs, and Asscssments" means all dues, fees, assessments and
<br />other charges that are Imposed on Borrower or the Property by a condominium association, homeowners
<br />association or similar organi:t,alion.
<br />(L) "Electronic Funds Transter" means any transfer of funds, other than a transaction originated by
<br />check, draft, or similar paper instrument, which is initiatcd through an clectronie terminal, telephol1lc
<br />lI1strument, computer, or magnetic tape so as to orJer, instruct, or authorize a financial institution to debit
<br />or crcdit an account. Such term ineludes, hul is not limited to, point-of-sale transfcrs, antomated tellcr
<br />machine transactions, transfers initiatcd by telephone, wire transfers, anJ automated clearinghouse
<br />transfers.
<br />(M) "Escrow Items" means those items that are dcseribeJ in Scction 3,
<br />(N) "Miscellaneous Prucecds" means any compcnsation, settlement, award of damages, or proceeds
<br />paid by any third party (other tban insurance proceeds paid under the covcrages descrihed in Section 5)
<br />for: (i) damage to, or Jcstruetion of, the l'ropcrty~ (ii) eonJemnation or othcrtaking of all or any part of
<br />the Property~ (iii) conveyance in lieu of condenUlation~ or (iv) misrepresentations of, or omissions as to,
<br />the valuc and/or eonJition of the Property,
<br />(0) "Mort!!;a!!;e Insurance" means lIlsurance protecting Lender against the nonpaynlcnt of, or default on,
<br />the Loan,
<br />(P) "Periodic Payment" llleans the regularly scheduled amount due tin' (i) principal and mterest under
<br />the Note, plus (ii) any mnounts LLnder Section 3 of this Security InstmmenL
<br />(Q) "RESPA" means the Real Estate Settlenwnt Procedures ^et (12 U.S.c. Section 260 I el seq.) and its
<br />1I11plementing rcgLllation, Regulation X (24 C'.li,R. Part 15(0), as they might be amenJcd from time to
<br />time, or any additional or succcssor legIslation or regulation that governs Lhc same sLlhject mailer. As
<br />useJ in this Se<.;urity Instrument, "RI':SI'A" refers to al1 requirements and restrictions that are Imposed in
<br />rcgard to a "feJerally related mortgage loan" cven if the I,oan does not qualify as a "'federally related
<br />mortgage loan" under RESP A
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<br />NEHKASKA - Single Family - Fannt. 'VIll./~hdd;. Mllc L.'III FOR"I II\STKIIMJ<:NT WITH MEKS Fm'lII JII2H 1/01
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