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<br />(J) "Applicable Law" means all controlling applicable federal, state and local statutes, regulaCions, ordinances and
<br />administrative rules and orders (that have the effect of law) as well as all applicable �nal, non�appealable judicial
<br />opinions.
<br />(K) "Community Association Dues, Fees, and Assessments" means all dues, fees, assessments and other charges
<br />that are imposed on Borrower or the Property by a condominium association, homeowners association or sirnilar
<br />organization.
<br />(L) "Electronic �nds Transfer" means any transfer of funds, other than a ttansaction originated by check, draft,
<br />or similar paper instrument, which is initiated through an electronic terminal, telephonic instrument, computer, or
<br />magnetic tape so as to order, instruct, or authorize a financial institution to debit or credit an account. Such term
<br />includes, but is not limited to, point-of-sale transfers, automated teller machine transactions, transfers initiated by
<br />telephone, wire transfers, and automated clearinghouse transfers.
<br />(M) "Escrow Items" means those items that are described in Section 3.
<br />(N) "Miscellaneous Proceeds" means any compensatian, settlement, award of damages, or proceeds paid by at�y
<br />third party (other than insurance proceeds paid under the coverages described in Section 5) for: (i) damage io, or
<br />destruction of, the Property; (ii) condemnation or other taking of all or any part of the Property; (iii) conveyance in
<br />lieu of conderr►nation; or (iv) misrepresentations af, or omissions as to, the value and/oc condition of the Property.
<br />(0) "Mortgage Insurance" means insurance pxotecting Lender against the nonpayment of, or default on, the Loan.
<br />(P) "Periodic Payment" means the regularly scheduled amount due for (i) principal and interest under the Note,
<br />plus (ii) any 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
<br />regulation, Regulation X(24 C.F.R. Part 3500), as they might be arnended frorn time to time, or any additional or
<br />successor legislation or regulation that governs the same subject matter. As used in this Security Instrument,
<br />"RESPA" refers to all requirements and restrictions that are imposed in regard to a"federally related mortgage loan"
<br />even if the Loan does not qualify as a"federally related mortgage loan" under RESPA.
<br />(R) "Successor in Interest of Borrower" means any parCy thaC has taken title to the Property, whether or not that
<br />party has assumed Borrower's obligations undear the Note and/or this Security Instrunnent.
<br />TRANSFER OF RIGHTS IN THE PROPERTY
<br />The beneficiary of this Security Instrurnent is MERS (solely as norninee for Lender and Lender's successors and
<br />assigns) and the successors and assigns of MERS. This Security Instrument secures to Lender: (i) the repayment of
<br />the I.oan, and all ren�wals, extensions and modifications of the Note; and (ii) the performance of Borrower's
<br />covenants and agreements under this Security Instrument and the Nate. For this purpose, Borrower irravocably grants
<br />atid conveys to Trustee, in trust, with power of sale, the following described property located in the
<br />COiTNTY of HALL .
<br />[Type of Recording Jurisdiction]
<br />[Name of Recording 7urisdicuon]
<br />LpT THIRTY 'IWO (32) � ANIICK ACRES SLIBDIV.ISI�T, HALL Ct�iJNTY , AlE�RASKA
<br />A.P.N.: 4003490000
<br />which currently has the address of
<br />DONIPHAN
<br />[City]
<br />32 LILLIAN LANE
<br />[Street]
<br />, Nebraska 6 8 8 3 2
<br />[Zip Code]
<br />("Property Address"):
<br />TOGETHER WITH all the improvements now or hereafter erected on the property, and all easements,
<br />appurtenances, and fixtures now ar hereafter a part of the property. All replacements and additions shall also be
<br />covered by this Security Instrument. All of the foregoing is referred Co in this Security Instrument as the "Property. "
<br />Borrower understands and agrees that MERS halds only legal title to the interests granted by Borrower in this Security
<br />Instrument, but, if necessary to comply with law or custom, MERS (as nominee for Lender and Lender's successors
<br />and assigns) has the right: to exercise any or all of those interests, including, but not limited to, the right to foteclose
<br />and sell the Property; and to take any action required af L.ender including, but not limited to, releasing and canceling
<br />this Security Instrument.
<br />BORROWER COVENAN'I'S that Borrower is lawfully seised nf the estate hereby conveyed and has the right
<br />to grant and convey the Property and that the Property is unencumbered, except for encurnbrances of record.
<br />Borrower warrants and will defend generally the title to the Property against all claims and demands, subject to any
<br />encumbrances of record.
<br />NEBRASKA--Single Family--Fannie Mae/Fraddie Mac UNIFaRM INSTRUMENT - MERS
<br />Form 3028 1/01 Page 2 of 1 1
<br />DacN►agic �umnn� aoo-cas-�ssz
<br />www. docmayic. eom
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<br />Ne3(Y28.ntzd.xml
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