|
200908886
<br />(C)"Lender"is Advanced Financial Services, Inc. d/b/a AFS Financial, Inc.
<br />Lender is a Corparat i on
<br />organized and existing under the laws of Rhode I s I and
<br />Lender's address is 25 Enterprise Center, Newport, RI 02842
<br />(D) "Trustee" is First American T i t I e Insurance Company
<br />(E) "MFRS" is Mortgage Electronic Registration Systems, Inc. ML'RS is a separate corporation that is
<br />acting solely as a nominee for Lender and Lender's successors and assigns. MFRS is the beneficiary
<br />under this Security Instrument. MFRS is organized and existing under the laws of llelaware, and has an
<br />address and telephone number of P.U. Box 2026, Flint, MI 48501-2026, tel. (888) 679-M1;RS.
<br />(F) "Note" means the promissory note signed by Borrower and dated January 29, 2009
<br />1'he Note states that Borrower owes Lender f i fty-nine thousand two hundred fifty and
<br />00/100 Dollars
<br />(U. S. $ 59, 250.00 )plus interest. Borrower has promised to pay this debt in regular Periodic
<br />Payments and to pay the debt in full not later than February 7 , 2034
<br />(G) "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 applicableJ:
<br />[~ Adjustable Kate Rider ~ Condominium Rider ~ Second Home Rider
<br />Balloon Rider ~ Planned Unit Development Rider 1-4 1~amily Rider
<br />VA Rider ~ Biweekly Payment Rider ~ 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, Fees, 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, or 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, point-of--sale transfers, automated teller
<br />machine transactions, transfers initiated by telephone, wire transfers, and automated clearinghouse
<br />transf"ers.
<br />(M) "Escrow Items" means those items that arc described in Section 3.
<br />(N) "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 or any pare 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.
<br />(O) "Mortgage Insurance" means insurance protecting Lender against the nonpayment of, or default on,
<br />the Doan.
<br />2009-1176947 100049700019423148 2009-9453
<br />NEBRASKA -Single Family -Fannie Mae/Fraddie Mac UNIFORM INSTRUMENT WITH M
<br />-6A(NE) (0810) Paget of 15 Initia~s: Form 3028 1/01
<br />
|