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<br />200702733
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<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 April 4, 2007. The Note states that Borrower
<br />owes Lender Seventeen Thousand Five Hundred and OO/lOOths Dollars (U.S. $17,500.00) plus interest. Borrower has
<br />promised to pay this debt in regular Periodic Payments and to pay the debt in full not later than May 1,2037.
<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 />[;8J Adjustable Rate Rider
<br />D Balloon Rider
<br />D 1-4 Family Rider
<br />o Other(s) {specify}
<br />
<br />D Condominium Rider
<br />o Planned Unit Development Rider
<br />D Revocable Trust Rider
<br />
<br />o Second Home Rider
<br />o Biweekly Payment 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 ofthis Security Instrument.
<br />
<br />Nebraska Deed of Trust. Single Family-Secondary Lien
<br />- THR COMPLIANCE SOURCE, INC.-
<br />WWVv' .complian(,:csouTce,I,:.l..)rn
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<br />MERS Modified Form 3801 01/01
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<br />Modified By "The Compliance Source) Inc.'; 1410lNK 03/02
<br />02002~ The Compliance SI)UrCe, Inc.
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