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201oo��ss
<br />(K) "Electronic �nds �ansfer" rneans any transfer of funds, other than a transaction originated by check, draft,
<br />or similar paper instrument, which is initiated through an electronic terminal, telephonic instrurnent, cornputer, 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 ta, point-of-sale transfers, automated teller machine transactions, transfers initiated by
<br />telephone, wire transfers, and autamated clearinghouse transfers.
<br />(L) "Escrow Items" means those iterns that are described in Section 3.
<br />(11� "Miscellaneous Praceeds" 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) far: (i) damage to, or
<br />destruction af, the Property; (ii) condemnation or other taking of all or any part of the Property; (iii) conveyance in
<br />lieu of condemnation; or (iv) rnisrepresentations of, or omissions as to, the value and/or condition of the Property.
<br />(� "Mortgage Insuranee" rneans insurance protecting Lender against the nonpayment of, or default on, the Loan.
<br />(0) "Periodic Payment" means the regularly scheduled amount due for (i) principal and interest under the Nate,
<br />plus (ii) any amounts under Section 3 of this Security Instrument.
<br />(� "RESPA" rneans the Real Estate Settlement Pracedures Act (12 U.S.C. §2601 et seq.) and its irnplernenting
<br />regulation, Regulation X(24 C.F.R. Part 3500), as they might be amended from time to time, or any additional or
<br />successor legislation or regulation that govems the same subject matter. As used in this Security Instrument,
<br />"RESPA" refers to all requirements and restrictions that are irnposed in regard to a"federally related mortgage loan"
<br />even if the T.oan does not qualify as a"federally related mortgage loan" under RESPA.
<br />(Q) "Successor in Interest of Borrower" means any party that has taken title to the Property, whether or not that
<br />party has assumed Borrower's obligations under the Note and/or this Security Instrument.
<br />TRANSFER OF RIGHTS IN THE PROPERTY
<br />This Security Instrument secures to L,ender; (i) the repayrnent of the Loan, and all renewals, extensions and
<br />modifications of the Note; and (ii) the performance of Borrower's covenants and agreernents under this Security
<br />Instrurnent and the Note. For this purpose, Borrower inevocably grants and conveys to Trustee, in trust, with power
<br />of sale, the following described property located in the
<br />COUNTY of HALL .
<br />[Type of Recording 7urisdicpon] [Name af Reconding Jurisdiction]
<br />THE NORTH 45 FEET OF LOT 1 AND THE SOUTH 55 FEET OF LOT 2, IN
<br />WEST NORTH LAWN ADDITION TO THE VILLAGE OF WOOD RIVER, HALL
<br />COUNTY, NEBRASKA.
<br />which currently has the address of 1.405 WEST STREET
<br />[srreec]
<br />WOOD RI VER , Nebraska 6 8 8 8 3 ("Praperty Address"):
<br />[City] [Z�p Code]
<br />TOGETHER WI';�'H all the improvements now or hereafter erected on the property, and all easernents,
<br />appurtenances, and fixtures now or hereafter a part of the property. All replacements and additions shall also be
<br />cavered by this Security Instrurnent. All of the foregoing is referred to in this Security Instrument as thc "Property."
<br />BORROWER COVENANTS that Borrower is lawfully seised of the estate hereby conveyed and has the right
<br />to grant and convey the Property and that the Property is unencumbered, except for encumbrances of record.
<br />Borrower warrants and will defend generally the title to the Property against all claims and demands, subject to any
<br />encurr►brances of record.
<br />THIS SECCIRITY INSTRUMENT combines uniform covenants for national use and non-uniform covenants with
<br />limited variations by jurisdictian to constitute a uniform security instrurnent covering r�al property.
<br />UNIFORM COVENANTS. Borrovver and Lender covenant and agree as follows:
<br />1. Payment of Principal, Interest, Escrow Items, P�repayment Charges, and Late Charges. Borrower shall
<br />pay when due the principal af, and interest on, the debt evidenced by the Note and any prepayrnent charges and late
<br />charges due under the Note. Bonrower shall alsa pay funds for Escrow Items pursuant to Section 3. Payments due
<br />under the Note and this Security Instrument shall be made in U.S. cunency. However, if any che�k or other
<br />instrurnent received by Lender as payment under the Note or this Security Instrument is returned to J.erider unpaid,
<br />Lender rnay require thad any or all subsequent payments due under the Note and this Security Instrument be made in
<br />�ne or rnore of the following forn�s, 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, instrumentalitq, or entity; or (d) Electronic Funds Transfer.
<br />NEBRASKA--Single Family--Fannie Mae/Freddie Mac LINIFORM INSTRUMENT
<br />Form 3028 1/01 Page 2 of 11
<br />DOCN/A�IC � 49-1362
<br />www ic.c
<br />Ne3Ql8.dot.�onl
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