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<br />200809148
<br />
<br />15519262
<br />
<br />(C) "Lender" is DRAPER AND KRAMER MORTGAGE CORP. DBA 1ST ADVANTAGE MORTGAGE. Lender is a
<br />CORPORATION organized and existing under the laws of DELAWARE. Lender's address is 701 EAST 22ND STREET,
<br />SUITE 125, LOMBARD, IL 60148.
<br />(D) "Trustee" is GARY D. BYRNE, A MEMBER OF THE NEBRASKA STATE BAR ASSOCIATION.
<br />(E) "MERS" is Mortgage Electronic Registration Systems, Inc. MERS is a separate corpomtion that is acting solely as a
<br />nominee for Lender and Lender's successors and assigns. MERS is the beneficiary under this Security Instrument. MERS
<br />is organized and existing under the laws of Delaware, and has an address and telephone number of P.O. Box 2026, Flint, Ml
<br />48501-2026, tel. (888) 679-MERS.
<br />(F) "Note" means the promissory note signed by Borrower and dated OCTOBER 27, 2008. The Note states that Borrower
<br />owes Lender SIXTY SEVEN THOUSAND Dollars (U.S. $67,000.00) plus interest. Borrower has promised to pay this debt
<br />in regular Periodic Payments and to pay the debt in full not later than NOVEMB ER 1, 2038.
<br />(G) "Property" means the property that is described below under the heading "Tmnsfer of Rights in the Property."
<br />(H) "Loan" means the debt evidenced by the Note, plus interest, any prepayment charges and late charges due under the Note,
<br />and all sums due under this Security Instrument, plus interest.
<br />(I) "Riders" means all Riders to this Security Instrument that are executed by Borrower. The following Riders are to be
<br />executed by Borrower [check box as applicable]:
<br />
<br />o Adjustable Rate Rider 0 Condominium Rider
<br />o Balloon Rider 0 Planned Unit Development Rider
<br />01-4 Family Rider 0 Other(s) [specify]
<br />
<br />(J) "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 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, homeowners association or similar organization.
<br />(L) "Electronic Funds Transfer" means any tmnsfer of funds, other than a tmnsaction originated by check, draft, or similar
<br />paper instrument, which is initiated through an electronic terminal, telephonic instrument, computer, or magnetic tape so as to
<br />order, instruct, or authorize a financial institution to debit or credit an account. Such term includes, but is not limited to, point-
<br />of-sale transfers, automated teller machine transactions, transfers initiated by telephone, wire transfers, and automated
<br />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 third party
<br />(other than insumnce proceeds paid under the coverages described in Section 5) for: (i) damage to, or destruction of, the
<br />Property; (H) condemnation or other taking of all or any part of the Property; (Hi) conveyance in lieu of condemnation; or (iv)
<br />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, plus (H) any
<br />amounts under Section 3 of this Security Instrument.
<br />(Q) "RESPA" means the Real Estate Settlement Procedures Act (12 V.S.C. ~2601 et seq.) and its implementing regulation,
<br />Regulation X (24 C.F.R. Part 3500), as they might be amended from time to time, or any additional or successor legislation or
<br />regulation that governs the same subject matter. As used in this Security Instrument, "RESPA" refers to all requirements and
<br />restrictions that are imposed in regard to a "federally related mortgage loan" even if the Loan does not qualify as a "federally
<br />related mortgage loan" under RESP A.
<br />(R) "Successor in Interest of Borrower" means any party that has taken title to the Property, whether or not that party has
<br />assumed Borrower's obligations under the Note and/or this Security Instrument.
<br />
<br />o Second Home Rider
<br />o Biweekly Payment Rider
<br />
<br />TRANSFER OF RIGHTS IN THE PROPERTY
<br />
<br />The beneficiary of this Security Instrument is MERS (solely as nominee for Lender and Lender's successors and assigns) and
<br />the successors and assigns of MERS. This Security Instrument secures to Lender: (i) the repayment of the Loan, and all
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<br />NEBRASKA--Single Family--Fannie MaelFreddie Mac UNIFORM INSTRUMENT
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