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2 0 0 5 0 15 18 LOAN If: 8250124971
<br />(H) "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 a licable]:
<br />=Adjustable Rate Rider =Condominium Rider =Second Home Rider
<br />C� Balloon Rider =Planned Unit Development Rider =Other(s) [specify]
<br />1 -4 Family Rider O Biweekly Payment Rider
<br />Q V.A. Rider
<br />(1) "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 />(J) "Community Assoclation 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 />(K) "Electronic Funds Transfer" means any transfer of funds, other than a transaction originated by check, draft, or
<br />similar paper instrument, which is initiated through an electronic terminal, telephonic instrument, computer, or magnetic
<br />tape so as to order, instruct, or authorize a financial institution to debit or credit an account. Such term includes, but is
<br />not limited to, point -of -sale transfers, automated teller machine transactions, transfers initiated by telephone, wire
<br />transfers, and automated clearinghouse 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 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 lieu
<br />of condemnation; or (iv) misrepresentations of, or omissions as to, the value and /or condition of the Property.
<br />(N) "Mortgage Insurance" means insurance protecting Lender against the nonpayment of, or default on, the Loan.
<br />(0) "Periodic Payment" means the regularly scheduled amount due for (i) principal and interest under the Note, plus
<br />(ii) any amounts under Section 3 of this Security Instrument.
<br />(P) "RESPA" means the Rea[ 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, "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 />(0) "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 />This Security Instrument secures to Lender: (i) the repaymentof the Loan, and all renewals, extensions and modifications
<br />of the Note; and (ii) the performance of Borrower's covenants and agreements under this Security Instrument and the
<br />Note. For this purpose, Borrower irrevocably grants and conveys to Trustee, in trust, with power of sale, the following
<br />described property located in the COUNTY [Type of Recording Jurisdiction] of
<br />HALL [Name of Recording Jurisdiction]:
<br />SEE LEGAL DESCRIPTION ATTACHED HERETO AND MADE A PART HEREOF.
<br />APN #: 400155907
<br />which currently has the address of 4056 LILLIE DRIVE, GRAND ISLAND,
<br />[Street] [City]
<br />Nebraska 68803 ( "Property Address "):
<br />[zip code]
<br />TOGETHER WITH all the improvements nowor hereafter erected on the property, and all 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. All of the foregoing is referred to in this Security Instrument as the "Property."
<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 Propertyis unencumbered, except for encumbrances of record. Borrower warrants
<br />and will defend generally thetitletothe Property against all claims and demands, subjectto any encumbrances of record.
<br />THIS SECURITY INSTRUMENT combines uniform covenants for national use and non - uniform covenants with
<br />limited variations by jurisdiction to constitute a uniform security instrument covering real property.
<br />UNIFORM COVENANTS. Borrower and Lender covenant and agree as follows:
<br />1. Payment of Principal, Interest, Escrow Items, Prepayment Charges, and Late Charges. Borrower shall pay
<br />when due the principal of, and interest on, the debt evidenced by the Note and any prepayment charges and late charges
<br />NEBRASKA— Singie Family— Fannie Mae/Freddle Mac UNIFORM INSTRUMENT Form 80281/01 Initials t -JC
<br />0 1999 -2004 Online Documents, Inc. Page 2 of 9 NEUDEED 0402
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