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20i007i54
<br />(e) "Lender" is Quicken Loans Inc.
<br />Lender is a Carporati on
<br />organized and existing under the laws of the State Of Mi Chi ga n
<br />Lender's address is 20555 Victor Parkway, Livonia, MI 48152
<br />tD) "Trustee" is TITLE SOURCE, INC.
<br />(E) "MERS" is Mortgage Electronic Registration Systems, Inc. MERS is a separate corporation that is
<br />acting solely as a nominee for Lender and Lender's successors and assigns, MERS is the benefidary
<br />under this Security Instrument. MERS is organized and existing under the laws of Delaware, a~ has an
<br />address and telephone number of P.O. Box 2026, Flint, MI 4$SO1-2026, tel. (888) 679-MERS.
<br />(~ "Note" means the promissory note signed by Borrower a~ dated. Septelttier 8, 2010
<br />The Note states that Borrower owes Lender One Hundred Sixty Four Thousand and
<br />00 / 100 Dollars
<br />(u.s. X164, 000.00 )plus interest. Borrower has promised to pay this debt in regular Periodic
<br />Payments and to pay the debt in full not later than O C t ob e r 1, 20 40 .
<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 applicable]:
<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 />Legal Attached
<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 Harrower or the Property by a condominium association, homeowners
<br />assoctation or similar organization.
<br />(L) "Electronic Funds Trans[er" 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 />iustrument, 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 ta, paint-of--sale transfers, automated tiller
<br />machine transactions, transfers initiated by telephone, wire transfers, and automated clearinghouse
<br />transfers.
<br />(M) "Escrow Items" means those items that are described in Section 3.
<br />(Nj "Miscellaneous Proceeds" means any compensation, settlement, award of damages, ar proceeds paid
<br />by any third party (other than insurance proceeds paid under the coverages described in Section 5) far: (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; ar (iv) misrepresentations of, or omissions as to, the
<br />value and/or condition of the Property.
<br />(Oj "Mortgage Insurance" means insurance protecting Lender against the nonpayment af, or default on,
<br />the Loan.
<br />NEBRASKA -Single Family -Fannie Mee/Froddla Mac UNIFQRM INSTRUMENT WITH RS
<br />-6AINEI IOa1d1 Pape z or 15 Initi ^ ~t. Form 3028 1/p1
<br />~~1..
<br />NI III IAN ~ NIA 1 hll~ll ~ ~
<br />g03445151009 0433 178 0415
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