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<br />(Q) "Property" means the property that is described below under the heading "Transfer of Rights in the Property."
<br />(H) "Lawn" means the debt evidenced by the Nate, plus interest, any prepayment charges and late charges due under
<br />the Note, and all sums due under this Security Instrument, plus interest.
<br />(I) "Riders" means ail Riders to this Security Instrument that are executed by Harrower. The following Riders are to be
<br />executed by Borrower [check box as a plicable]:
<br />~Adjustabte Rate Rider Condominium Rider Second Home Rider
<br />O Balloon Rider ~ D Planned Unit Development Alder D Other(s) [specifyj
<br />D 1-4 Family Rider ~ Biweekly Payment Rider
<br />®V.A. Rider
<br />(J) "Appllcable l.,aw" 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 iiinal, non-appealable judicial opinions.
<br />(K) "Community Association Dues, Fees, and Assessments" means all dues, fees, assessments and other charges
<br />that are imposed an Harrower ar 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, or
<br />similar paper instrument, which is initiated through an electronic terminal, telephonic instrument, computer, or magnetic
<br />tape sa as to order, instruct, ar 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 />(M} "Escrow items" means thane 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 parry (other than insurance proceeds paid under the coverages described in Section 5) far: (i) damage to, ar
<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; ar ([v) misrepresentations of, ar omissions as to, the value and/ar condition of the Property.
<br />(Q) "Mortgage tnsurance" means insurance protecting lender against the nonpayment of, or default on, the Loan,
<br />(P) "Periodic Payment" means the regularly scheduled amount due far (i) principal and interest under the Nate, plus
<br />(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 />successarleg[slatian ar 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 `Yederally 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 perky that has taken title to the Property, whether or not #hat party
<br />has assumed Borrower's obligations under the Note and/or this Security Instrument.
<br />TRANSFER OF RIGHTS IN THR PROPERTY
<br />The beneficiary of this Security Instrument is MFRS (solely as nominee for Lender and Lender's successors and assigns)
<br />and the successors and assigns of MEAS. This Security Instrument secures to Lender. (i) the repayment ofi the Loan, and
<br />all renewals, extensions and modifications of the Note; and (ii) the performance of Borrower's covenants and agreements
<br />under this Security Instrument and the Note. Forthis purpose, Borrower irrevocably grants and conveys to Trustee, in trust,
<br />with power of sale, the following described property located in the COUNTY
<br />[Type of Recording Jurladiction] of HALL [Name of Recarding Juriadiction]:
<br />LOT 15, IH SUENAVISTA SUBDIVISION, AN ADDTTIDN ~'O THE CYTY OF GRAND
<br />IaLAND, HALL COUNTY, NEBRA>'gKA.
<br />PURCHASE MONEY MORTGAGB
<br />which currently has the address of 416 EAST DODGE sTRE;~T, GRAND ISLAND,
<br />Nebraska G88Di ("Property Address"):
<br />[Zip Code]
<br />[Street] tC+tY]
<br />TOGETHER WITH all the improvements nowor hereafkererected on the property, and ail easements, appurtenances,
<br />and fixtures now ar hereafter a park of the property. Ali 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." Harrower understands and
<br />agrees that MFRS holds only legal title to the interests granted by Borrower in this Security instrument, but, if necessary
<br />to comply with law or custom, MFRS (as nominee for Lender and Lender's successors and assigns) has the right: to
<br />exercise any or all of those interests, including, but not limited ta, the r[ght to foreclose and sell the Property; and to take
<br />any action required of Lender includtng, but not limited to, releasing and canceling this Security Instrument.
<br />BORROWa=R COVENANTS that Borrower is lawfully seised of the estate hereby conveyed and has the right to grant
<br />and conveynhe Property and that the Property is unencumbered, exceptfor encumbrances of retard. Borrowerwarrants
<br />and will defend generallythetitletathe Propertyagainstallclaims and demands, subjectto anyencumbrances ofreccrd.
<br />NEBFtAStfA--Single Family--Fanriie Mae/Fr®ddls Mac UNIROHM iNSTriUMEN~ Form 30281/01 initials s ~~ .
<br />®1999-2007 CnUne Documenta, inc. Page 2 of 9 NEEbFFD O7o5
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