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201007511
<br />(K) "Electronic Funds Transfer" means any transf�r of funds, other than a transaction originated by check, draft,
<br />or similar paper instrurnent, which is initiated through an electronic terminal, telephonic instrument, computer, or
<br />magnetic tape so as Co order, insCruct, or authorize a fmancial institution to dabit or credit an account. Such Cerm
<br />includes, but is not limited to, point-of-sale traz�sfers, autornated teller machine transactions, transfers initiated by
<br />telephone, wire transfers, and automated clearinghouse transfers.
<br />(L) "Escrow Items" means those items that are described in Section 3.
<br />(M) "Miscellaneous Prnceeds" means any compensation, settlement, award of damages, or proceeds paid by any
<br />third party (other than insurance proceeds paid under the coverages described in Section 5) for: (i) damage to, or
<br />destruction of, the Property; (ii) condemnatian or other taking of all or any part of the Property; (iii) conveyance in
<br />lieu of condemnation; or (iv) misrepresentations of, or omissions as to, the value axad/or condition of the Property.
<br />(I� "Mortgage Insurance" means insurance protecting Lender against the nonpayment of, or default on, the Loan.
<br />(0) "P�riodic Payment" means the regularly scheduled amounC due for (i) principal and interest under the Note,
<br />plus (ii) any amounts under Section 3 of this Security Instrument.
<br />(�) "RESPA" means the Real Estate Settlement Procedures Act (12 U.S.C. §26Q1 et seq.) and its implementing
<br />reguladon, Regulation X(24 C.F.R. Part 3500), as they might be amended from time ta time, or any additional or
<br />successor legislation or regulation that governs the same subject matter. As used in this Security Instrur►�ene,
<br />"RESPA" refers to all requirements and restrictions that are imposed in ragard to a"federally related mortgage loan"
<br />even if the Loan does not quality as a"federally related mortgage loan" under RESPA.
<br />(Q) "Successor in Interest of Borrower" means any party that has taken title to the Praperty, whether or not that
<br />party has assumed Bor;rower's obligations nnder the Note and/or this Security Instrument.
<br />TRANSFER OF RIGHTS IN THE PROPERTY
<br />'I'his Security Instrument secures to Lender: (i) the repayament of the Loan, at�d all renewals, extensions and
<br />modifications of the Note; and (ii) the performance of Borrower's covenants and agreemenCs under tl�is Security
<br />Instruznent and the Note. For this purpose, Borrnwer irrevocably grants and conveys to Trustee, in trust, with power
<br />of sale, the following described property located in the
<br />COL7NTY of HALL .
<br />[Type of Recording Jurisdiction] [Name of Recording Jurisdiction]
<br />SEE LEGAL DESCRIPTION ATTACHED HERETO AND MADE A PART HER�O� AS
<br />EXHIBIT "A".
<br />which currently has the address of 119�2 W SCHULTZ ROAD
<br />[Street]
<br />WOOD RIVER , Nebraska 6 8 8 8 3 ("Froperty Address"):
<br />(Ciry] [zip Code]
<br />TOGETHER WITH all the improvements now or hereafter erected on the property, and all easements,
<br />appurtenances, and fixtures now or hereafter a part of the property. All replaceznents and additions shall also be
<br />covered by this Security Instrument. All nf the foregoing is referred to in this Security Instrument as the "Property. "
<br />BORROWER COVENANTS that Borrower is lawfully seised of the estate hereby conveyed and has the right
<br />Co grant and convey the Property and that the Property is unencumbered, except for encumbranc�s of record.
<br />Borrower warrants and will defend generally the title to the Property against all claims and demands, subj�ct to any
<br />encumbrances of record.
<br />THIS SECURITY INSTRUMENT combines uniform covenants for national use and non-uniForm covenants with
<br />limited variations by jurisdiction to constitute a unifortn security instrument covering real property.
<br />UNIFORM COVENANTS. Borrower and Lender covenant and agree as fallows:
<br />1. Payment of �rincipal, Interest, Escrow Items, Prepayment Charges, and Late Charges. Borrower shall
<br />pay when due the principal of, and interest on, the debt evidenced by the Note and any prepayment charges and late
<br />charges due under the Note. Borrower shall also pay funds f�r �scrow Iterns pursuant to Sec:tion 3. Payments due
<br />under the Note and this Security Instrument shall be made in U.S. currency. Hawever, if any check oz' other
<br />instrument received by Lender as payment under the Note or this Security InsCrument is returned to Lender unpaid,
<br />Lender rnay require that any or all subsequent payments due under the Note and this Security Instrument be made in
<br />one or more af the following forms, as selected by Lender: (a) cash; (b) money order; (c) certified check, bank check,
<br />treasurer's check or cashier's check, provided any such check is drawn upon an institution whose deposits are insured
<br />by a federal agency, instrumentality, or entity; or (d) Electronic Funds Tra�tsfer.
<br />NEBRASKA--Single Family--Fannie Mae/Freddie Mac UNIFORM INSTRUMENT DocMaqic Q�s � soo-sas-fasa
<br />Fprm 3028 1/O1 Page 2 of 1 1 www.docmagic.com
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