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201007790
<br />(I� "Electronic Funds Transfer" means any transfer of funds, other than a transaction originated by check, draft,
<br />or similar paper instrument, which is initiated through an electronic ternunal, telephonic instnunent, computer, or
<br />magnetic tape so as to arder, 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 rnachine transactions, transfers initiated by
<br />telephone, wire transfers, and automated clearinghouse transfers.
<br />(L) "Escraw Items" means those items that are described in Section 3.
<br />(1� "Miscellaneous Proceeds" tneans any compensation, settlement, award of damages, or proceeds paid by any
<br />third party (ather than insurance proceeds paid under the coverages described in Section 5) for: (i) damage to, 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 condemnation; or (iv) misrepresentations of, or omissions as to, the value and/or condition of the Property,
<br />(I� "Mortgage Insurance" means insurance protecting I.ender 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 Note,
<br />plus (ii) any amounts under Section 3 of this 5ecurity Instrument.
<br />(P) "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 />"RESPA" refers to all requirements and restrictions that are imposed in regard to a"federally related znortgage 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 to the Property, whether or not that
<br />party has assurned Borrower's obligations under the Note and/or this Security Instrument.
<br />TRANSFER OF RIGHTS IN THE PROP�RTY
<br />This Security Instrument secures to I,ender: (i) the repayment of the Loan, and all renewals, extensions and
<br />modifications of the Note; and (ii) the perforniance of Borrower's covenants and agreements under this Security
<br />Instrument and the Note. For this purpose, Borrower irrevacably 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 Recarding 7urisdiction] [Name of Recording Jurisdiction]
<br />THE NORTHERLY 75 FEET OF LOT 5, AND THE SOUTHERLY 25 FE�T OF LOT
<br />4, IN WEST NORTH LAWN ADDITION TO THE VILLAGE OF WOOD R�VER, HALL
<br />COUNTY, NEBRASKA.
<br />which currently has the address of 14 0 6 MAIN STREET
<br />WOOD RI VER , Nebraska 6 8$ 8 3 ("Property Address"):
<br />[Ciry] [Zip Code]
<br />Ne3028.dot.xml
<br />TOGETHER WITH all the impravernents now or hereafter erected on the property, and all easements,
<br />appurtenances, and fixtures now or hereafter a part af the property. All replacements and additions shall also be
<br />covered by this Security Instrument. All of the foregoing is referred to in this Se�urity Instrument as the "Property."
<br />BORROWER COVENANTS that Borrawer is lawfully seised of ihe 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 />encumbrances of record.
<br />THIS SECURITY TNSTRUMENT combines uniform covenants for nationa,l use and non-uniform covenants with
<br />limited variations by jurisdiction to constitute a uniform security instrument covering real property.
<br />UNIFORM COV�NANT$. Borrower and Lender covenant and agree as follows:
<br />1. Payrnent of Principal, Interest, Escrow Items, Prepayment Charges, and Late Charges. Borrower shall
<br />pay when due the principal of, and interest on, the debt evidenced by the Note and any prepayment charges and late
<br />charges due under the Note. Borrower shall also pay funds for Escrow Items pursuant to Section 3. Payments due
<br />under the Note and this Security Instniment shall be made in U.S. currency. However, if any check or other
<br />instrument received by Lender as payment under the Note or this Security Instrument is returned to Lender unpaid,
<br />Lender may require that any or all subsequent payrnents due under the Nate and this Security Instrument be made in
<br />one or more of the following forms, as selected by Lender: (a) cash; (b) rnoney order; (c) certified check, bank check,
<br />treasurer's check ar cashier's check, pravided any such check is drawn upon an institution whose deposits aze insured
<br />by a federal agency, instrumentality, or entity; or (d) Electronic Funds Transfer.
<br />NE6RA3KA--Single Family--Fannie Mae/Freddie Mac UNIFORM INSTRUMENT
<br />Form 302$ 1/01 Page 2 of 1 1
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