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<br />200707305
<br />
<br />4500029552
<br />
<br />all sums due under this Security Instrument, plus interest.
<br />(I) "Riders" means all Riders to this Security Instrument that are execllted by Borrower. The following Riders are to be executed
<br />by Borrower [check box as applicable):
<br />
<br />o Adjustable Rate Rider
<br />o Balloon Rider
<br />o 1-4 Family Rider
<br />
<br />[j Condominium Rider
<br />[J Planned Unit Developmellt Rider
<br />o Other(s) [specify]
<br />
<br />o Second Home Rider
<br />o Biweekly Payment Rider
<br />
<br />(J) "Applicable Law" means all controlling applicable federal, state and loeal statutes, regulations, ordinances and administrative
<br />rules and orders (that have the effect of law) as well as all applicable fin,d, non-appealable judicial opinions.
<br />(K) "Community Association Dues, Fees, and Assessments" means all dues, fees, assessments and other charges that are
<br />imposed on Borrower or the Property by a condominium association, homcowncrs association or similar organization.
<br />(L) "Electronic Funds Transfer" means any transfer offunds, other than a transaction originated by check, draft, or similar paper
<br />instrument, which is initiated through an electronic termilHtl, tclepholl ic instrumcnt, computer, or magnetic tape so as to order,
<br />instruct, or authorize a financial institution to debit or credit an aeeOllllt. Such term includes, but is not limited to, point-of-sale
<br />transfers, automated teller machine transactions, transfers initiated by tclephone, wire transfers, and automated clearinghouse
<br />transfers.
<br />(M) "Escrow Items" means those items that arc described in Section 3.
<br />(N) "Miscellaneous Proceeds" means any compcnsation, scttlement, award of damages, or proceeds paid by any third party
<br />(other than insurance proceeds paid under thc coverages described in Section 5) for: (i) damage to, or destruction of, the Property;
<br />(ii) condemnation or other taking of all or any part of thc Property; (iii) conveyance in lieu of condemnation; or (iv)
<br />misrepresentations of, or omissions as to, the valuc and/or condition of the Property.
<br />(0) "Mortgage Insurance" means insurance protccting Lcnder against the nonpaymcnt of, or default on, the Loan.
<br />(P) "Periodic Payment" means the regularly scheduled amount due ror (i) principal and interest under the Note, plus (ii) any
<br />amounts under Section 3 of this Security Instrument.
<br />(Q) "RESPA" means the Real Estate Settlement Procedures Act (I.~. U.S.C. ~2(jOI et seq.) and its implementing regulation,
<br />Regulation X (24 C.F.R. Part 3500), as they might be amended from I ime to tirne, or any additional or successor legislation or
<br />regulation that governs the same subject matter. As uscd in this Seellrity Instrumcnt, "RESPA" refers to all requirements and
<br />restrictions that are imposed in regard to a "ICderally related mortga!'c loan" even if the Loan does not qualify as a "federally
<br />related mortgage loan" under RESPA.
<br />(R) "Successor in Interest of Borrower" 1I1CilrlS any party that hilS takcn tille to the Property, whether or not that party has
<br />assumed Borrower's obligations under the Note and/or this Security InSllLlrncnt.
<br />
<br />TRANSFER OF RIGHTS IN TilE PROPERTY
<br />
<br />The benefIciary of this Security Instrument is MERS (solely as nOlnincc for Lender and Lender's successors and assigns) and the
<br />successors and assigns of MERS. This Security Instrument securcs h> Lendcr: (i) thc repayment of the Loan, and all renewals,
<br />extensions and modifications of the Note; and (ii) thc perfonnance or Ilorrnwer's covenants and agreements under this Security
<br />Instrument and the Note. For this purpose, Borrower irrevocably granh and conveys to Trustee, in trust, with power of sale, the
<br />following described property located in the COUNTY (Type of Recording Jurisdiction) of HALL (Name of Recording Jurisdiction)
<br />sJmCXX)IMIQl'lI)tXI.X~~JOltXUD3IXXONC~JS:U.XXKX~DX)iiX\l{XKQQX~)ftC~
<br />~X
<br />which currently has the address of 4128 DRIFTWOOD DRIVE GRAND ISLAND, Nebraska 68803-3105 ("Property
<br />
<br />Address"). LOT 28, WESTWOOD PARK SECOND SUBDIVISION. CITY OF GRAND ISLAND. HALL COUNTY
<br />NEBRASKA.
<br />TOGETHER WITH all the improvements now or hereafter ercded on the property, and all easements, appurtenances, and
<br />fixtures now or hereafter a part of the property. All replacements and additions shall also be covered by this Security Instrument.
<br />All of the foregoing is referred to in this Security Instrument as the "Pmperty." Borrower understands and agrees that MERS hold
<br />only legal title to the interests granted by Borrower in this Security Instrument, but, if necessary to comply with law or custom,
<br />MERS (as nominee for Lender and Lender's successors and assigns) has the right: to exercise any or all of those interests,
<br />including, but not limited to, the right to foreelosc and scll the Propert v; and to take any action required of Lender including, but
<br />not limited to, releasing and canceling this Security Instrument.
<br />
<br />NERRASKA-- Single Family --Fannie Mae/Freddie Mm' UNIFORM INSTRUMENT
<br />e_) 338.25 1'".<:" 2 ,,/11
<br />
<br />Form 3028 lIOI
<br />
<br />c/ i:J GJG.
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