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<br />200706721
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<br />(K) "Electronic Funds 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,
<br />computer, or magnetic tape so as to order, instruct, or authorize a financial institution to debit or credit an
<br />account. Such term includes, but is not limited to, point-of-sale transfers, automated teller machine
<br />transactions, transfers initiated by telephone, wire transfers, and automated clearinghouse transfers.
<br />(L) "Escrow Items" means those items that arc dcscribed in Section 3.
<br />(M) "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 5) for: (i)
<br />damage to, or destruction of, the Property; (ii) condemnation or other taking of all or any part of the
<br />Property; (iii) conveyance in lieu of condemnation; or (iv) misrepresentations of, or omissions as to, the
<br />value and/or condition of the Property.
<br />(N) "Mortgage Insurance" means insurance protecting Lender against the nonpayment of, or default on, the
<br />Loan.
<br />(0) "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 />(P) "RESP A" means the Real Estate Settlement Procedures Aet (12 U.S.C. ~260 I 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
<br />additional or successor legislation or regulation that governs the same subject matter. As used in this Security
<br />Instrument, "RESP A" refers to all requirements and restrictions that are imposed in regard to a "federally
<br />related mortgage loan" even if the Loan does not qualify as a "federally related mortgage loan" under
<br />RESP A.
<br />(Q) "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 Note and/or this Security Instrument.
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<br />TRANSFER OF RIGHTS IN THE PROPERTY. This Security Instrument secures to Lender: (i) the repayment
<br />of the Loan, and all renewals, extensions 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 irrevocably
<br />grants and conveys to Trustee, in trust, with power of sale, the folIowing described property located in the
<br />COUNTY of HALL:
<br />
<br />PART OF LOT ONE (1), OF RIVERSIDE FARM SUBDIVISION, OF PART OF THE
<br />SOUTHEAST QUARTER (SEl/4) OF SECTION TWENTY NINE (29), IN TOWNSHIP
<br />ELEVEN (11) NORTH, RANGE NINE (9) WEST OF THE SIXTH P.M., HALL COUNTY
<br />NEBRASKA MORE PARTICULARLY DESCRIBED AS FOLLOWS: COMMENCING
<br />33 FEET EAST OF THE NORTHWEST CORNER OF SAID LOT ONE (1); RUNNING
<br />THENCE SOUTH FOR A DISTANCE OF TWO HUNDRED (200) FEET; RUNNING
<br />THENCE EAST FOR A DISTANCE OF TWO HUNDRED EIGHTEEN (218) FEET;
<br />RUNNING THENCE NORTH PARLLEL WITH THE WEST LINE OF SAID LOT ONE
<br />(1), FOR A DISTANCE OF TWO HUNDREED (200) FEET; RUNNING THENCE WEST
<br />ALONG AND UPON THE NORTH BOUNDARY LINE OF SAID LOT ONE (1), FOR A
<br />DISTANCE OF TWO HUNDRED (218) FEET TO THE PLACE OF BEGINNING. which
<br />currently has the address of2515 S BLAINE, Grand Island, Nebraska 68801
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<br />("Property Address").
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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
<br />"Property. "
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<br />BORROWER COVENANTS that Borrower is lawfully seised of the estate hereby conveyed and has the right to
<br />grant and convey the Property and that the Property is unencumbered, except for encumbrances of record.
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<br />NEBRASKA - Smgle Family - FIIJDlle MaeJFreddle Mac UNIfi'ORM INSTRUMENT
<br />iO 2004.2006 Copyright Compliancc SystCJJlll. Inc. 2D26.327A - 2()()6, L L, L40
<br />Single Family Roal E.tato - Sccnrny Instrnm<nt DL2047
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<br />Fonn J02s 1I0l
<br />www,compJiancesystellls.cNn
<br />800-968-8522 - Fax 616-956-1868
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