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201006054
<br />(C) "Lender"is Ally 8at<]k GOxp. f/k/a Cdd~ B~~k
<br />Lender is a H~rlk Q~arhertlxi
<br />organized and existing under the laws of II'!~ah
<br />Lender's address is 1100 Vi~Cy3,Ai8 Drivl~, 1&'brt ~, P~1 19034
<br />(Iy) "Trustee"is FIRST gM~RICAN T1TLE drYY~.hQ N~ ~g1's~
<br />1D55 1-1e~h I I ~ `3t: ~t.~u~2 ~,
<br />(E) "HERS" 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 and assigns. HERS is the beneficiary
<br />under this Security Instrument. MFRS 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 08/11/2010
<br />The Note states that Borrower owes Lender Q[~@ H~dr~d Sevetzt~een ~ .lam
<br />~'x'~ Dollars
<br />(U.S. $ 117,900.00 )plus interest. Borrower has promised to pay this debt in regular Periodic
<br />Payments and to pay the debt in full not later than tibM,t 1, 2040 .
<br />(G) "Property"means the property that i5 described below under the heading "Transfer of Rights in the
<br />Praperiy."
<br />(I~ "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 fallowing
<br />Riders are W be executed by Borrower [check box as applicablej:
<br />Adjustable Rate Rider Condominium Rider ~ Second Home Rider
<br />Balloon Rider Planned Unit Development Rider 1-4 Family 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 Assoeiadon Dues, Fees, and Assessments" means all dues, fees, assessments and other
<br />charges that are imposed an Borrower or the Property by a condominium association, homeowners
<br />association or similar organization.
<br />(L) "Electronic Funds Transfer" means atiy 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 />(M) "Escrow Items" means those items that are described is Section 3.
<br />(1~ "Miseeitaneous 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 say part of the
<br />Property; (iii) conveyance in lieu of condemnation; or (iv) misrepresentations of, or omissions as to, the
<br />value aad/or condition of the Property.
<br />(O) "Mortgage Insurance" means insurance protecting Lender against the nonpayment of, or default on,
<br />the Loan.
<br />106 000687590660 ]bugust 10, 2010
<br />NEBRASKA- Single Family - Fannlo MaelFr~ddta Mao UNIFORM 1NSTRUM~IT WITH M S
<br />~~8/1(N~ (oa~nl Psye z of ~6 inwai.: A/ ~ Fam 3Q7.8 1/01
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