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<br />200710809
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<br />(K) "Electronic Funds Transfer" means any transfer of funds, othcr than a transaction originated
<br />by check, draft, or similar paper instrument, which is initiated through an electronic terminal, telephonic
<br />instrument, computer, or magnctic tape so as to order, instruct, or authorizc a financial institution to
<br />debit or credit an account. Such term includes, but is not limited to, pointwof-sale transfers, automated
<br />teller machine transactions, transfers initiated by telephone, wire transfers, and automated clearinghouse
<br />transfers.
<br />(L) "Miscellaneous Proceeds" means any compensation, settlement, award of damages, or
<br />proceeds paid by any third party (other than insurance proceeds paid under the coverages described in
<br />Section 4) for: (i) damage to, or destruction of, the Property; (ii) condemnation or other taking of all or
<br />any part of the Property; (iii) conveyance in lieu of condemnation; or (iv) misrepresentations of, or
<br />omissions as to, the value and/or condition of the Property.
<br />(M) "Mortgage Insurance" means insurance protecting Lender against the nonpayment of, or
<br />default on, the Loan.
<br />(N) "Periodic Payment" mcans the regularly scheduled amount due for principal and interest undcr
<br />the Note.
<br />(0) "RESPA" means the Real Estate Settlement Procedures Act (12 U.S.c. S2601 et seq.) and its
<br />implemcnting regulation, Regulation X (24 C.F.R. Part 3500), as thcy might be amended from time to
<br />time, or any additional or successor legislation or regulation that governs the same subject matter. As
<br />used in this Security Instrument, "RESPA" refers to all requirements and restrictions that are imposed in
<br />regard to a "federally related mortgage loan" cven if the Loan does not qualify as a "federally related
<br />mortgage loan" under RESP A.
<br />(P) "Successor in Interest of Borrower" means any party that has taken title to the Property,
<br />whether or not that party has assumed Borrower's obligations under the Note and/or this Security
<br />Instrument.
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<br />TRANSFER OF RIGHTS IN THE PROPERTY
<br />
<br />This Security Instrument secures to Lendcr: (i) the repayment of the Loan, and all renewals, cxtensions
<br />and modifications of the Note; and (ii) the performance of Borrower's covenants and agreements under
<br />this Security Instrument and the Note. For this purpose, Borrower irrcvocably grants and convcys to
<br />Trustee, in trust, with power of sale, the following described property located in the
<br />COUNTY of HALL
<br />[Type of Recording JurIsdIction] --[Name of Recording Jurisdlcilonj-
<br />
<br />The Description of the Property is attached hereto as "Addendum
<br />A to Deed of Trust - Description of Property," and is specifically
<br />incorporated herein.
<br />
<br />which currcntly has the addrcss of
<br />
<br />3lfO W 15TH STREET
<br />[Street]
<br />, Ncbraska 688Q~___ ("Property Address"):
<br />[Zip Code]
<br />
<br />___GRAND ISLAt~:p___ .
<br />[City]
<br />
<br />TOGETHER WITH all the improvements now or hereafter erected on the property, and all
<br />eascmcnts, appurtenances, and fixtures now or hereafter a part of the property. All replacements and
<br />additions shall also bc covered by this Security Instrument. All of the foregoing is referrcd to in this
<br />Security Instrument as the "Property."
<br />
<br />BORROWER COVENANTS that Borrower is lawfully seised of the estate hereby conveyed and
<br />has the right to grant and convey the Propcrty and that the Property is unencumbercd, except for
<br />encumbrances of record. Borrower warrants and will defend generally the title to the Property against all
<br />claims and demands, subject to any encumbrances of record.
<br />
<br />THIS SECURITY INSTRUMENT combines uniform covenants for national use and non-uniform
<br />covenants with limited variations by jurisdiction to constitute a uniform security instrument covering
<br />real property.
<br />
<br />UNIFORM COVENANTS. Borrower and Lender covenant and agree as follows:
<br />1. Payment of Principal, Interest, Escrow Items, Prepayment Charges, and Late Charges.
<br />Borrower shall pay when due the principal of, and interest on, the debt evidcnced by the Note and any
<br />prepayment chargcs and late charges duc under the Note. Paymcnts due under the Note and this Security
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<br />NE.2030.1206
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