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<br />200706393
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<br />Loan No: 070711007
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<br />Dala 1D: 271
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<br />(I) "Riders" meanS all Riders to this Security Instrument that arc executed by Borrower. The following
<br />Riders arc to be executed by Borrower [check box as applicable]:
<br />
<br />D Adjustable Rate Rider
<br />D Balloon Rider
<br />D 1-4 Family Rider
<br />D Other(s) [specify]
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<br />D C011l10miniom Rider
<br />D Planned Unit Development Rider
<br />D Biweekly Payment Rider
<br />
<br />D Second Home Rider
<br />
<br />(J) "Applicable Law" means all controlling applicahle federal, slate and local statutes, regulations,
<br />ordinances and administrative rules and orders (that have the elIect of law) as well as all applicable
<br />final, non.appealable judicial opinions.
<br />
<br />(K) "Cummunity Association Dues, Fees, and Assessments" meanS all dues, fees, assess men IS and other
<br />charges that arc imposed on Borrower or the Property by a condominium association, homeowners
<br />association or similar organization.
<br />
<br />(I.) "Electronic .Jiunds Trallsfer" means any transfer of funds, other than a transaction originated by
<br />check, draft, or similar paper instrument, which is initiated through an electronic terminal, telephonic
<br />instrument, computer, or magnetic tape so as to order, instruct, or authorize a financial institution to
<br />debit or credit an account. Such term includes, but is not limited to, point-of.sale transfers, automated
<br />teller machine transactions, transfers initi,lted by telephone, wire transfcrs, and automated clearinghouse
<br />twnsfcrs.
<br />
<br />(M) "Escruw Items" means those items lhat are described in Section 3.
<br />
<br />(N) "Miscellaneous J.....ceeds" means any compensation, sctllement, award of damages, or proceeds paid
<br />by any third party (other lhan insurance proceeds paid under the coverages described in Section 5) for:
<br />(i) damage to, or destruction of, lhe Property; (ii) condemnation or other taking of all or any part of
<br />the Property; (iii) conveyance in lieu of condemnation; or (iv) misrepresentations of, or omissions as
<br />to, the value and/or condition of the Property.
<br />
<br />(0) "Mortgage Insurance" means insurance proleeting Lender against the nonpayment of, or ddault
<br />on, the Loan.
<br />
<br />(\') "Periodic l'ayment" means the regularly schedukd amount due for (i) principal and interest under
<br />the Note, plus (ii) any amounts under Section 3 of this Security Instrument.
<br />
<br />(ll) "RESl'A" means the Real Estate Settlem",nt Procedures Act (12 U.S.c. *2601 cl seq.) and its
<br />implementing regulation, Regulation X (24 C.F.R. Part 35(0), as they might b", am",nded from time to
<br />time, or any additional or successor legislation or r"'gulation that governs the sam", subject malter. As
<br />used in this Security Instrument, "RESP A" refers to all r"'quir",ments and restrictions that are imposed
<br />in regard to a "federally related mortgage loan" even if the Loan docs not '1uamy as a "fedewlly related
<br />mortgage loan" under RESP A.
<br />
<br />(R) "Successor in Interest of Uorruwer" means any party that has taken title to the Property, whether
<br />or not that party has assum",d Borrower's obligations under the Note and/or this Security Instrument.
<br />
<br />TRANSJ<'ER OF IW;H'I'S IN THE l'ROl'ERIY
<br />
<br />The beneficiary of this Security Instrum",nt is MERS (solely as nominee for Lender and Lender's
<br />successors and assigns) and the successors and assigns of MERS. This Security Instrument secures to
<br />Lender: (i) the repayment of th", Loan, and all renewals, extensions and modifications of th", Note; <lnd
<br />(ii) the performance uf Borrower's covenants and agreements under this Security Ins [rument and th",
<br />Note. For this purpose, Borrower irrevocably grants and conveys to Trustee, in trust, with pow",r of
<br />sale, the following described property loe<lted in tb", County uf HALL:
<br />
<br />LOT TWO (2), IN WALKER'S SUBDIVISION, AN ADDITION TO THE CITY OF GRAND
<br />ISLAND, HALL COUNTY, NEBRASKA.
<br />
<br />NEBRASKA - Single Family" Fannie Mae/Freddie Mac UNIFORM INSTRUMENT
<br />
<br />
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<br />P+0070711007+9407+02+11 +NECNVADT
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