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�4�.ut1�414 <br />(.n "Applicable (,aw" means all controlling applicablc fcdcral, state and local statutes, regulations, ordinances and <br />administrativc rules and orders (tl�at have thc cffect of law) as well as all applicable Final, non-appealable judicial <br />opinions. <br />(K) "Community Assaciatipn Dues, Fees, and Assessments" means all dues, fccs, asscssments and other chargcs <br />that are imposed on Borrvwer or the Property by a condominium association, homcowncrs association or similaz <br />organization. <br />(L) "Electronic Funds Transfer" means any transfcr oF funds, other than a transaction originated by check, drafl, <br />or similar paper instrument, which is initiated through an clectronic terminal, telephonic instrument, computer, ur <br />magnetic tape so as to order, instruct, or authorizc a financial institution to debit or credit an account. Such term <br />includes, but is not limitcd to, point-of-sale dransfers, automated tellcr machinc transactions, transfers initiated hy <br />telephone, wire transfers, and automated clearinghouse transfers. <br />(A'n "Escrow Items" means those items that arc dcscribed in Section 3. <br />(N) "Miscellaneous Proceeds" means any compcnsation, sctdcmcnt, award oF damages, vr proceeds paid by any <br />third party (other than insurancc procceds paid under the coveragcs dcscribcd in Section 5) for: (i) damage to, or <br />destruction of, the Property; (ii) condemnati�n nr other taking of al] or any part of the Property; (iii) convcyance in <br />lieu of condemnation; or (iv) misrepresentations of, or omissions as to, thc valuc and/or condition of thc Property. <br />(0) "Mortgage Insuranee" means insurance protecting I.ender against the nonpayment of, or dcfault on, the Loan. <br />(P) "Periodic Payment" means the regularly scheduled amount due for (i) principal and interest under the Notc, <br />plus (ii) any amounts under Section 3 of this Security Instrument. <br />(Q) "RESPA" means the Real Estate Sett1ement Procedures Act (12 U.S.C. §2601 ct scq.) and its implementing <br />regulation, Regulation X(24 C.F.R. Part 3500), as they might be amended from timc to timc, or any additional or <br />succcssor lcgislation or regulation that govcrns the samc subjcct matter. As used in this Security instrument, <br />"RESPA" refers to al] rcquircments and restrictions thac arc imposed in regard to a"federally related mortgage loan" <br />even if the Loan docs not qualify as a"fcdcrally rclated mortgagc loan" under RESPA. <br />(R) "Succeasor in Interest of Borrower" means any party that has takcn tidc to the Property, whcthcr or not that <br />party has assumed Borrowcr's obligatiuns under the Note and/or this Sccurity Instrumcnt. <br />TRANSFER OF RIGHTS IN THE PROPERTY <br />The beneflciary of this Security Instrument is MH[�S (solely as nominee for Lender and Lender's successors and <br />assigns) and the successors and assigns of MERS. This Security instrument secures to Lcndcr: (i) thc repayment of <br />the Loan, and all renewals, extensions and modifications of the Note; and (ii) thc performance uf Borrower's <br />covenants and agreements under this Security Instrument and the Note. For this purpuse, Borrower irrevocably grants <br />and conveys to Trustee, in trust, with power of sale, the follnwing describcd property ]ocated in thc <br />COTTIVTY of HALL • <br />[Type pf Rewrding Jurisdiction] [Namc of Recording 7urisdiction] <br />SEE LF]GAL DFSCRIPTI�I ATTAC�IED HII�ET1� ADID MADE A PART HERDOF AS E7�IISIT "A" . <br />A.P.N.: 400209845 <br />which currently has the address o£ <br />GRAA7D ISLAND <br />[Cin'] <br />608 LINDEN AVENC7E <br />[sn�c] <br />, Nehraska 6 S 8 O 1 ("Property Ad�lress"): <br />[Zip Code] <br />TOGETHER WITH all the improvcmcnts now on c�rcaftcr erected on the property, and all easements, <br />appurtenances, and fixtures now or hereafter a part of thc property. All replacements and additions shall also be <br />covcrcd by this Security lnstrument. All of the foregoing is referred to in this Security Instrument as the "Property." <br />Borrowcr undcrstands and agrees that MERS holds only lega] title to the interests granted by Borrower in this Security <br />Instrument, but, if neccssary to comply wilh law or custom, MERS (as nominee for Lender and Lender' s successors <br />and assigns) has the right: Co excrcise any or all of those interests, including, but not ]imited to, thc right to forcclosc <br />and sell the Property; and w take any action required of Lender including, but not limitcd to, rcicasing and canccling <br />this Sccurity Instrument, <br />BORROWER COV�NANTS that Borrower is ]awfully seised of the estate herehy cunveyed and has the right <br />to grant and convcy chc Property and that the Property is unencumbcrcd, cxcept for encumbranccs of record. <br />Bnrrower warrants and will dcFcnd gcnerally thc Citle t�� the Properry against all claims and demands, subjcct to any <br />encumbrances of record. <br />NEBR4SKA--Singla Family--Fannie MaelFreddie Mac UNIFORM INSTRUM�lJT - MERS pocMaglc � aoo•ea9 <br />Form 3028 1I01 Page 2 of 11 www.docmagk.com <br />�z� <br />�� <br />�- <br />