|
201005025
<br />(C) "Lender" is v . S . Bank N . A .
<br />Lender is a National. Association
<br />organized and existing under the laws of The United States
<br />Lender's address is 4801 Frederica Street, Ovrensboro, KY 42301
<br />(D) "Trustee" is Mr. Thomas Locher
<br />(E) "HERS" is Mortgage Electronic Registration Systems, Inc. HERS 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. HERS 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-HERS.
<br />(F) "Note" means the promissory note signed by Borrower and dated 07 / 13 / 2 010
<br />The Note states that Borrower owes Lender Eighty-Five Thousand Eight Hundred Six and
<br />0 0 / 10 0 the Dollars
<br />(U.S. $ 85, 806.00 )plus interest. Borrower has promised to pay this debt in regulaz Periodic
<br />Payments and to pay the debt in full not later than August O1, 2040
<br />(G) "Property" means the property that is described below under the heading "Transfer of Rights in the
<br />Property."
<br />(II) "Loan" means the debt evidenced by the Note, plus interest, any prepayment charges and late chazges
<br />due under the Note, and all sums due under this Security Instrument, plus interest.
<br />(n "Riders" means all Riders to this Security Instrument that aze executed by Borrower. The following
<br />Riders aze to be executed by Borrower [check box as applicable]:
<br />[] Adjustable Rate Rider [] Condominium Rider 0 Second Hame Rider
<br />^ Balloon Rider ^ Planned Unit Development Rider [] 1-4 Family Rider
<br />® VA Rider ^ Biweekly Payment Rider ^ Other(s) [specify]
<br />(,n "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, pees, and Assessments" means all dues, fees, assessments and other
<br />charges that aze imposed on Borrower or the Property by a condominium association, homeowners
<br />association or similaz 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 />transfers.
<br />(1Vi) "Escrow Items" means those items that are described in Section 3.
<br />(1V) "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 ta, or 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 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 Loan.
<br />2200029949 D V6ANE
<br />NEBRASKA -Single Family -Fannie Mae/Freddie Mac UNIFORM INSTRUMENT WITH HERS
<br />-6AINE) los~ol Page 2 of 15 inh~ais:~ Fnrm 3028 7/07
<br />
|