ti010U4510
<br />(e) ^Lender" is Quicken Loans Inc.
<br />Lender is a Corporation
<br />organized and existing under the laws of the State of Michigan
<br />Lender's address is 20555 Victor Parkway, Livonia, MI 48152
<br />(D) "Trustee^ is TITLE SpURCE, INC.
<br />(E~ "MFRS" is Mortgage Electronic Registration Systems, Inc. MFRS is a separate corporation that is
<br />acting solely as a nominee for Lender and Lender's successors anti assigns. MERS is the bene~eiary
<br />under this Security Instrurnent. MERS is organized and existing under the laws of Delaware, and has an
<br />address and telephone number of P.O. Box 2026, Flint, MI 48501-2026, tel. (888) 679-MERS.
<br />(F) "Note" means the promissory note signed by Borrower and dated June 15 , 2 010
<br />The Note states that Borrower owes Lender Qne Hundred Seventy Six Thousand and
<br />00 / 10 0 Dollars
<br />(U.$. $176 , Q00.00 )plus interest. Borrower has promised to pay this debt in regular Periodic
<br />Payments and to pay the debt in full not later than Ju 1y 1, 2040
<br />(G) "Property" means the property that is described below under the heading "Transfer of Rights in the
<br />Property."
<br />(Iq "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 tv be executed by Borrower (check box as applicable]:
<br />® Adjustable Rate Rider Q Condominium Rider ~ Second Home Rider
<br />[,,,~ Balloon Rider [~] Planned Unit Development Rider ~ 1~1 Family Rider
<br />VA Rider [~ Biweekly Payment Rider ®Other(s) [specify]
<br />Legal Attached
<br />(~ "Applirable 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 trausfer 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 finial institution to debit
<br />or credit an account. Such term includes, but is not limited to, point-0f--sale transfers, automated teller
<br />machine transactions, transfers initiated by telephone, wire transfers, and automated clearinghouse
<br />transfers.
<br />(M) "F..SeCOW Reims" means those items that are described in Section 3.
<br />~ "Miseellsneons I'roceecls" means any compensation, settlement, award of damages, or proceeds paid
<br />by any third party (other than iusurance proceeds paid under the coverages described in Section S) for: (i)
<br />damage to, ar destruction of, the Property; (ii) condemnation or other taking of all or any part of the
<br />Property; (iii) conveyance in lieu of condemnation; or (iv) misrepresentations of, or omissions as tv, the
<br />value and/or condition of the Property.
<br />(O) "Mortgage Insurgnee" means insurance protecting Lender against the nonpayment of, or default on,
<br />the Loan.
<br />NEBRASKA -Single Family -Fannie Mae/Fredrtie Mac UNIWRM INSTRUMENT WITH
<br />-BA1NE) ws~ a1 Pape 7 of 16 in~siaro: Form 3oZ8 1 /07
<br />11 I~~II 1~1 111 MNIIN~ ~ I II~I~ I ~
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