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200905447
<br />(C) "Lender" is
<br />FIRST GUARANTY MORTGAGE CORPORATION
<br />Lender is a CORPORATION
<br />organized and existing under the laws of VIRGINIA
<br />Lender's address is
<br />8180 GREB~ISBORO DRNE, X500, MCLFAN, VA 22102
<br />(D) "Trustee" is p
<br />~~79f~J~'79'9'~~!`~~ OLD KEFUBI,~C NATIOTIAI., TITLE I~15UTF,ANCI' COMFArTY
<br />(E) "MERS" is Mortgage Electronic Registration Systems, Inc. MFRS is a separate corporation that is
<br />acting solely as a nominee far Lender and Lender's successors and assigns. MERS is the beneficiary
<br />under this Security Instrument. MERS is organized and existing under the laws of Delaware, and has an
<br />address and telephone of P.O. Sox 2026, Flint, MI 48501-2026, tel. (888) 679-MERS.
<br />(F) "Note" means the promissory note signed by Borrower and dated JULY 02, 2009
<br />The Note states that Borrower owes Lender
<br />TWO HUNDRED TWENTY EIGHT THOUSAND AND NO/100 XXXXXXXXXXXXXXXXXXXXX
<br />Dollars
<br />(U.S. $ 228,000.00 )plus interest. Borrower has promised to pay this debt in regular Periodic
<br />Payments and to pay the debt in full not later than AUGUST 01, 2039
<br />(Ci) "Property" means the property that is described below under the heading "Transfer of Rights in the
<br />Property."
<br />(H) "Loan" means the debt evidenced by the Note, plus interest, any prepayment charges and late charges
<br />due under the Note, 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
<br />Riders are to be executed by Borrower [check box as applicable]:
<br />~ Adjustable Rate Rider ~] Condominium Rider ~ I-4 Family Rider
<br />~ Graduated Payment Rider Q Planned Unit Development Rider Q Biweekly Payment Rider
<br />Q Balloon Rider [] Rate Improvement Rider Q Second Home Rider
<br />~ Other(s) [specify]
<br />(J) "Applicable Law" means all controlling applicable federal, state and local statutes, regulations,
<br />ordinances and administrative rules and orders (that have the effect of law) as well as all applicable final,
<br />non-appealable judicial opinions.
<br />(K) "Community Association Dues, Foes, and Assessments" means all dues, fees, assessments, and other
<br />charges that are imposed on Borrower or the Property by a condominium association, homeowners
<br />association or similar organization.
<br />(L) "Electronic Funds Transfer" means any transfer of funds, other than a transaction originated by
<br />check, draft, yr 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 debit
<br />or credit an account. Such term includes, but is not limited to, paint-vf--sale transfers, automated teller
<br />machine transactions, transfers initiated by telephone, wire transfers, and automated clearinghouse
<br />transfers.
<br />(M) "Escrow Items" means those items that are described in Section 3.
<br />(I~ "Miscellaneous Proceeds" means any compensation, settlement, award of damages, or proceeds paid
<br />by any third party (other than insurance proceeds paid under the coverages described in Section 5) for: (i)
<br />damage to, or destruction of, the Property; (ii) condemnation or other taking of all yr any part of the
<br />Property; (iii) conveyance in lieu of condemnation; or (iv) misrepresentations of, or omissions as to, the
<br />value and/or condition of the Property. ff
<br />Initials:!'
<br />NEBRASKA -Single Family -Fannie Mae/Freddie Mac UNIFORM INSTRUMENT WITH MBZS
<br />VMP~A(NI1(oe~o) Page 2 of 15 Form 3028 1101
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