|
<br />
<br />
<br />
<br /> 200901035
<br />
<br /> (.I) "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 so 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) 'Tscrow 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 described 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 /> (O) "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 U.S.C. §2601 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 additional or
<br /> successor legislation or regulation that governs the same subject matter. As used in this 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 /> TRANSFER OF RIGHTS IN THE PROPERTY
<br /> The beneficiary 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 Recording Jurisdiction] [Name of Recording Jurisdiction]
<br /> LOT 20, IN VEST' M, AZR FTFIII AEPERN TD TEE = CF CMD ISCPM, IPTL CLZ=, bEIM L
<br /> A.P.N.: 4001=6
<br /> ~u~t~;S►ar~
<br />
<br />
<br />
<br /> which currently has the address of 1721 South Doreen St
<br /> [Street]
<br /> Grand Island , Nebraska 6 8 8 0 3 ("property Address"):
<br /> [City] [Zip Code]
<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, but, 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 canceling
<br /> this Security Instrument.
<br /> BORROWER COVENANTS that Borrower is lawfully seised of the estate hereby conveyed and has the right
<br /> to 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 INSTRUMENT - MERS AocMagiC eVVUV= 800-649-1362
<br /> Form 3028 1/01 Page 2 of 11 www.dbcmagic.com
<br />
|