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�oioo�7ss
<br />(K) "Electronic �nds Tranisfer" means any transfer of funds, other than a transaction originated by check, draft,
<br />pr similar paper instrumcnt, which is initiated through an electronic ternunal, telephonic instnunent, 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 />telephane, wire transfers, and automated clearinghouse transfers.
<br />(L) "Escrow Items" means those items that are described in Section 3.
<br />(11� "Miscellaneous Proceeds" rneans any compensatian, settlement, award of damages, or proceeds paid by any
<br />third party (other than insurance proceeds paid undcr the coverages described in Section S) for: (i) damage to, or
<br />destruction of, the Property; (ii) condeznnation or other taking of all or any part of the Property; (iii) conveyance in
<br />lieu af condemnation; or (iv) misrepresentations of, or omissions as to, the value and/or condition of the Property.
<br />(1� "Mortgage Insurance" rneans insurance protecting Lender against the nonpayrnent of, or default on, the Loan.
<br />(0) "Perindic Payment" means the regularly schedulcd amount 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. §2601 et seq.) and its implementing
<br />regulation, Regulation X(24 C.F.R. Part 3500), as they might be amended frorn time to time, or any additional or
<br />successor legislation or regulation that governs the sarne subject matter. As used in this Security Instrument,
<br />"R�SFA" refers to all requirernents and restrictions that are imposed in regard to a"federally related rnartgage loan"
<br />even if the Loan 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 ta the Property, whether or nat 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 Lender; (i) the repayment of the Loan, and all renewals, extensions and
<br />modifications of the Note; and (ii) the perfonnance of Borrower's cavenants and agreements under this Security
<br />Instrument and the Note. For this purpose, Borrower irrevocably grants and conveys to Trustee, in trust, with power
<br />of sale, the following described property lacated in the
<br />COiTNTY of HALL .
<br />[Type of Recording Jurisdiction] [Name of Recording Jurisdicdon]
<br />LOT 247, IN WEST LAWN, TN THE CITY OF GRAND ISLAND, HALL COUNTY,
<br />NEBRASKA.
<br />which currently has the address of 13 2 3 PA.RK AVE
<br />[Sveet]
<br />GRAND T S LAND , Nebraska 6 8 8 O 1 ("Property Address"):
<br />�C�rya [zip code]
<br />TOGETHER WITH 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 />covered by this Security Instrument. All of 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 />to grant and convey the Property and that the 1'roperty is unencuraberetl, except for encumbrances of record.
<br />Borrower warrants and will defend generally the title ta the Property against all claims and demands, subject to any
<br />encuxnbrances of record.
<br />THIS SECURITY INSTRUMENT cambines uniform covenants for national use and non-uniform cavenants with
<br />limited variations by jurisdiction to constitute a uniform security instrurnent covering real property.
<br />UNIFORM COVENANTS. Borrawer and Lender covenant and agree as follows:
<br />1. Payment of Yrincipal, Interest, Escrow Items, Pcepayment 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 for Escrow Items pursuant to Section 3. Payments due
<br />under the Nate and this Security Instrument shall be made in U.S. cunency. However, if any check or other
<br />instrument received by Lender as payment under ihe Note or this Security Instrument is returned to Lender unpaid,
<br />Lender may require that any or all subsequent payments due under the Note and this Security Instrument be made in
<br />one or more of the following forms, as selected by I.,ender: (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 Transfer.
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<br />NEBRASKA--Single Family--Fannie Mae/Freddie Mac UNIFpRM INSTRUMENT DocMaqic � soas4s-�sss
<br />Form 3028 1/01 Page 2 nf 1 1 www.docmagic.com
<br />Ne3028.dot.xml
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