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201UU�384
<br />451013759
<br />debt in fuli not lacer than OCTOBER 1, 2025.
<br />(G) "Property" rneans the property that is described below under the heading "Transfer of Ri�hts in the Yraperty."
<br />(H) "Loan" means the debt evid�nced by the Not�, plus interest, any prepayment charges and late charges due under the Note,
<br />and all sums due under tliis Security Instnxment, plus interest.
<br />(I) "Riders" means all Riders to this Security Instrument that are exacuted by Borrower. The followin� Riders are to be
<br />executed by Borrower [check box as applicable]:
<br />❑ Adjustable Rate Rider ❑ Condominium Rider ❑ Second IIome Rider
<br />❑ Balloon Rider ❑ Planned Unit Development Rider ❑ Biweekly Payment Rider
<br />❑ 1-4 Family Rider ❑ Other(s) [specify]
<br />(J) "Applicable Law" means all controlling applicable federal, state and local statutes, regulations, ordinances and
<br />administrative rules and orders (tlYat have the effect of law) as well as all applicable �nal, non-appealable judicial opinions.
<br />(K) "Community Association Ducs, Fees, and Assessments" means all dues, fees, assessments and other charg�s that are
<br />imposed on Borrower or the Property by a condominium association, homeowners association or similar organization,
<br />(L) "Elcctronic Tunds Transt'er" means any transfer of funds, other chan a transaction originated by check, draft, or similar
<br />paper instrument, which is initiated through an electranic terniinal, telephonic instrument, camputer, or magnetic tape so as to
<br />order, instruct, ar authorize a f nancial institution to debit or credit an account. Such renn includes, but is not limited to, point-
<br />of-sal� transfers, automat�d teller machine transactions, transfers initi�ted by telephone, wire transf�rs, and autoinaced.
<br />clearinghouse transfers.
<br />(M) "Escrow Items" means those items that are described in Section 3.
<br />(N) "Miscellaneous Proceeds" means any compensation, settlement, award of damages, or proceeds paid by any third party
<br />(other than insurance proceeds paid under the coverages described in Section 5) for: (i) damage to, or descruction af, tk�e
<br />Property; (ii) condemnation or nther taking of all or any p�rt of the Property; (iii) conveyance in lieu of condemnation; or (iv)
<br />misrepresentations of, or omissions as to, the vahie and/or condition of the Property.
<br />(0) "Mort�age insurance" means insurance protecting L�nder against the nonpayment of, or default on, the Loan.
<br />(P) "Periodic Payment" means the re�ularly scheduled amount due for (i) principal and interest under tha Note, plus (ii) any
<br />amounts under Section 3 of this Security instrument.
<br />(Q) "RESPA" means the Real Estate Settlement Procedures Act (12 U.S,C. §2601 et seq.) and its implementing regulation,
<br />Regulation X(24 C.F.R. Part 3500), as they might be amended from time to time, or any additional or successor legislation or
<br />regul�tion that governs the same subject matter. As used in this Security Instniment, "RESPA" r�fers to all requirements and
<br />restrictions that are imposed in regard to a"federally related mortgage loan" even if the Loan do�s not qualify as a"fedarally
<br />related mortgaga loan" under RESPA.
<br />(R) "Successor in Intcrest of Borrower" means any party that has taken title to the Property, whether or not that party has
<br />assurned Borrower's obligations under the Note and/or this Security Instrument.
<br />TRANSFER OF RIGHTS 1N TH� PROPERTY
<br />The beneficiary of this Security Instniment is MERS (sole(y as nominee for Lender and Lender's successors and assigns) and
<br />the successors and assigns of MERS. This Security Instrument secures to Lender: (i) the repayment of the Loan, and all
<br />renewals, extensions and modifications of the Note; and (ii) the performance of F3orrower's covanants and agreements under
<br />this Security Instrument and the Note. For this purpose, Borrower irrevocably grants and conveys to Tnistee, in trust, with
<br />power of sale, the following described property located in the GOVNTx (Type of Recording Jurisdiction) of HALL (Namc of
<br />Recording Jurisdiction)
<br />�OT ONE (1) , BRQOIC� Al�b COREY SUBDIVIS20N, YiA,I„L COUNTY, NEBRASKA. •
<br />which currantly has the address of 13124 W SCHULTZ RD, WOOD RIVER, NE 68883 ("Property Address").
<br />TOGETHER WITH all the improv�ments now or hereafter erectad on the property, and �ll easements, appurtenances,
<br />and �xtures now or hereafter a part of the property. All replacements and additians shall also be covered by this Security
<br />lnstrument. All of che for�going is referred to in this Security Instrument as the "Property." Borrower understands and agrees
<br />NEBItAhKA--Single �amily—Fannie Mae/Freddie Mac UNIFORM IIVSTRUMENT
<br />�+ 338.2 Puge 2 of 12 Form 302R 1/01
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