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<br />200809408
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<br />(K) "Electronic Funds Transfer" means any transfer of funds, other than a transaction originated
<br />by check, draft, or similar paper instrument, which is initiated through an electronic terminal, telephonic
<br />instrument, computer, or magnetic tape so as to order, instruct, or authorize a financial institution to
<br />debit or credit an account. Such term includes, but is not limited to, point-of.sale transfers, automated
<br />teller machine transactions, transfers initiated by telephone, wire transfers, and automated clearinghouse
<br />transfers.
<br />(L) "Escrow Items" means those items that are described in Section 3.
<br />(M) "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 5) for: (i) damage to, or destruction of, the froperty; (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 />(N) "Mortgage Insurance" means insurance protecting Lender against the nonpayment of, or
<br />default on, the Loan.
<br />(0) "Periodic Payment" means the regularly scheduled amount due for principal and interest under
<br />the Note,
<br />(P) "RESPA" means the Real Estate Settlement Procedures Act (12 U.S.C. 92601 et seq.) and its
<br />implementing regulation, Regulation X (24 C,F,R. Part 3500), as they 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" even if the Loan does not qualify as a "federally related
<br />mortgage loan" under RESP A.
<br />(Q) "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 Lender: (i) the repayment of the Loan, and all renewals, extensions
<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 irrevocably grants and conveys to
<br />Trustee, in trust, with power of sale,. the following described property located in
<br />the ___ COUNTY ___'_.____ of HALL__.__
<br />[Type of Recording Jurisdiction] [Name of Recording Jurisdiction]
<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 currently has the address of
<br />
<br />GRAND ISLAND ___..__._, Nebraska
<br />lCltyJ -
<br />
<br />811 W lITH ST
<br />[S treet] --..
<br />__~~_____. ("Property Address"):
<br />[Zip Coue]
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<br />TOGETHER WITH all the improvements now or hereafter erected on the property, and all
<br />easements, appurtenances, and fixtures now or hereafter a part of the property. All replacements and
<br />additions shall also be covered by this Security Instrument. All of the foregoing is referred to in this
<br />Security Instrument as the "Property."
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<br />BORROWER COVENANTS that Borrower is lawfully seised of the estate hereby conveyed and
<br />has the right to grant and convey the Property and that the Property is unencumbered, except for
<br />encumbrances ofrccord. 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,
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<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 evidenced by the Note and any
<br />prepayment charges and late charges due under the Note. Payments due under the Note and this Security
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<br />Pogo 2 of 12
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<br />NE-7029-070e
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