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<br />200801005
<br />
<br />OJ "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
<br />opinions.
<br />(K) "Community Association Dues, Fees, and Assessments" means all dues, fees, assessments and other charges
<br />that are imposed on Borrower or the Property by a condominium association, homeowners association or similar
<br />organization.
<br />(L) "Electronic Funds Transfer" means any transfer of funds, other than a transaction originated by check, draft,
<br />or similar paper instrument, which is initiated through an electronic terminal. telephonic instrument, computer, or
<br />magnetic tape su as to order, instruct, or authorize a financial institution to debit or credit an account. Such term
<br />includes. but is not limited to, point-of-sale transfers, automated teller machine transactions. transfers initiated by
<br />telephone, wire transfers, and automated clearinghouse transfers.
<br />(M) "Escrow Items" means those items that are described in Section 3.
<br />(N) "Miscellaneous Proceeds" means any compensation, settlement, award of damages, or proceeds paid by any
<br />third party (other than insurance proceeds paid under the coverages descrlhed In Section 5) for: (i) damage to, or
<br />destruction of, the Property: (Ii) condemnation or other taking of all or any part of the Property: (Iii) conveyance in
<br />lieu of condemnation; or (iv) misrepresentations of. Or omissions as to, the value and/or condition of the Property.
<br />(0) "Mortgage Insurance" means insurance protecting Lender against the nonpayment of, Or default on, the Loan.
<br />(P) "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 />(Q) "RESPA" means the Real Estate Settlement Procedures Act (12 V.S.C. 92601 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 addilional or
<br />successor legislation or regulation that governs the same subject matter. As used in Ihis Security Instrument,
<br />"RESPA" refers to all requirements and restrictions that are imposed in regard to a "federally related mortgage loan"
<br />even if the Loan does not qualify as a "federally related mortgage loan" under RESPA.
<br />(R) "Successor in Interest of Borrower" means any party that has taken title to the Property, whether or not that
<br />party has assumed Borrower's obligations under the Note and/or this Security Instrument.
<br />
<br />TRANSFER OF RIGHTS IN THE PROPERTY
<br />
<br />The benel1ciary of this Security Instrument Is MERS (solely as nominee for Lender and Lender's successors and
<br />assigns) and the successors and assigns of MERS, This Security Instrument secures to Lender: (I) the repayment of
<br />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 grants
<br />and conveys to Trustee, in trust, with power of sale, the following described property located in the
<br />COUNTY of HALL
<br />[Type of Recordiog Jurisdiction] [Name of Recording Jurisdiction]
<br />
<br />SEE LEGAL DESCRIPTION ATTACHED HERETO AND MADE A PART HEREOF AS EXHIBIT "A".
<br />A.P.N.: 400204657
<br />
<br />which currenlly has the address of
<br />
<br />4157 SPRINGVIEW DRIVE
<br />(Slreel]
<br />
<br />GRAND ISLAND
<br />[City]
<br />
<br />, Nebraska
<br />
<br />68803
<br />(ZIp Code]
<br />
<br />(" Property Address ") :
<br />
<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 "Property."
<br />Borrower understands and agrees that MERS holds only legal title to the interests granted by Borrower in this Security
<br />Instrument, buI, if necessary to comply with law or custom, MERS (as nominee for Lender and Lender's successors
<br />and assigns) has the right: to exercise any Or all of those Interests, including, but not limited to, the right to foreclose
<br />and sell the Property: and to take any action required of Lender Including, but not limited to. releasing and cancellng
<br />this Security Instrument.
<br />BORROWER COVENANTS that Borrower is lawfully seised of the estate hereby conveyed and has the right
<br />10 grant and convey the Property and that the Property is unencumbered, except for encumbrances of record.
<br />Borrower warrants and will defend generally the title to the Property against all claims and demands, subject to any
<br />encumbrances of record,
<br />
<br />NEBRASKA--Single -Family-.Fannie Mae/Freddie Mac UNIFORM INSTRUMEN r - MERS
<br />form 302B 1/01 Page 2 of 11
<br />
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