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200905780
<br />V4 rdBCD LQAH # 50609625
<br />(Q) "Property" means the property that is described below under the heading "Transfer 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
<br />the Note, and all sums due under this Security Instrument, plus interest.
<br />(1) "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~appficabls]:
<br />Q Adjustable Rate Rider L] Condominium Rider C~ S®cand Name Rider
<br />D Balloon Rider d Planned Unit Cevelopment Rider D Other{s) [specify]
<br />D 1-4 Family Rider D Biweekly Payment Rider
<br />D V.A. Rider
<br />(J) "AppiicablQ 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} "CommunltyAssoolstlan Dues, Fees, and Assessments" means all dues, fees, assessments and othercharges
<br />that are imposed on Borrower ar the Property by a condominium assoclatian, homeowners assoclatian or similar
<br />organization.
<br />(L) "Electronic Funds Transfer" means any transfer of funds, other than a transaction originated by check, draft, or
<br />simflarpaper instrument, which is initiated through an electronic terminal, telephonic instrument, computer, or magnetic
<br />tape so as to order, Instruct, nr authorize a financial institution to debit or credit an account. Such term includes, but is
<br />not limited to, paint-of-sale transfers, automated teller machine transactions, transfers initiated by telephone, wire
<br />transfers, and automated clearinghouse transfers.
<br />(M) "Escrow Items" means those (tams that are described in Section 3.
<br />(N) "Mtscellanaous Proceedsp 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 5ect~n v) for: (r) damage to, ar
<br />destruction of, the Property; (i{) condemnation or other taking of all or any park of the Property; (iii) conveyance In lieu
<br />of condemnation; or (iv) misrepresentations of, or omissions as to, the value and/nr condition of the Property.
<br />(O) Mortgage Insurance means insurance protesting 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
<br />(il) 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, ar any additional or
<br />successor legislation or regulation that governs the same subject matter. As used in this Security Instrument, "RESPA"
<br />refers to all requirements and restrictions that are imposed in regard to a "federally related mortgage loan" even if the
<br />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 party
<br />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 S®curity Instrument is MFRS (solely as nominee for Lender and Lender's successors and assigns)
<br />and the su«:essors and assigns of MFRS, This Security Instrument secures to Lender: (i) the repayment of the Laan, and
<br />all renewals, extensions and modifications of the Note; and ~n the performance of Borrower's covenants and agreements
<br />under this Security Instrument and the Note. Fnr this purpose, Borrower in'evocably grants and conveys to Trustee, Intrust,
<br />with power of sale, the following described property located in the evtr~ry
<br />[Type d Recording Jurisdiction] of IiALr. (Name aE Recording Jurledictian(:
<br />Lot 1, >tieritaga Acres Subdivision to the Citp of Grand Island, Hall County, Nebraska,
<br />according to the recorded plat thereof.
<br />APN tit 400044668
<br />which currently has the address of 1516 cHU>sC.H RD, GRAND ISLAND,
<br />Nebraska 68801-70$0 (Straot] {City)
<br />("Property Address"):
<br />(zip codas
<br />TOQETHER WITH all the improvements now orhereafter erected on the property, and atl easements, appurtenances,
<br />and fixtures now or hereafter a part of the property. All replacements and additions shall also be covered by this Security
<br />Instrument. AI! of the foregoing is referred to in this Security (nstrumerit as th'e "Property." Borrower understands and
<br />agrees that MFRS halls only legal title to the interests granted by Borrower in this Security Instrument, but, if necessary
<br />to comply with law or cue#am, MERS (as nominee for Lender and Lender's successors and assigns) has the right: to
<br />exercise any or all ofthose interests, including, but not limited #o, the right to foreclose and sell the Property; and to take
<br />any action required of Lender including, but not limited to, releasing and canceling this Security Instrument.
<br />BORROWER COVENANTS that Borrower is lawfully seised of the estate hereby conveyed and has the right to grant
<br />and conveythe Property and thatthe Prapertyis unencumbered, exceptforencumbrances ofrecord. Borrowerwarrants
<br />and will defend generallythe title to the Property against all claims and demands, subjectta any encumbrances a record.
<br />NEBRASKA--Binple Family-Fannte Maa/Froddia Man uP11FGRM INSTRUMENT Form 30281/01 Initials e ~~
<br />®1999.20A7 OnMne Documents, inc. Page ~ of 9 NEEpEED 47
<br />06-29--2009 15 s 15
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