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<br />(J) "Applicable Law" means all controlling applicable federal, state and local statutes, regulations, ordinancas and
<br />administrative rules and orders (that have the effect of law) as well as all applicable final, nnn-appealable judicial
<br />opinians.
<br />(K) "Community Association Dues, Fees, and Assessments" nneans all dues, fees, assessments and other charges
<br />that are imposed on Borrower or the Property by a condominium association, homeowners association or similar
<br />organization.
<br />(L) "Electronic Funds Transfer" means any transfer of funds, other than a transaction originated by check, draft,
<br />or sirnilar paper instrument, which is initiated through an electronic terminal, telephonic instrunnent, computer, or
<br />magnetic tape so as to order, instruct, or authorize a financial institution to dabit or credit an account. Such term
<br />includes, but is not limited to, point-af-sale transfers, autarnated teller machine transactions, transfers initiated by
<br />telephone, wire transfers, and automated clearinghouse transfers.
<br />(M) "Escrow ltems" means those items that are described in Section 3.
<br />(N) "Miscellaneous Proceeds" means any cornpensation, 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) condemnation or oth�r taking of all or any part of the Praperty; (iii) conveyance in
<br />lieu of condemnation; or (iv) misrepresentations of, or omissions as to, the value and/or condition of the Property.
<br />(0) "Mortgage Insurance" means insurance protecting Lender against the nonpayment of, or default on, the Loan.
<br />(P) "Periodic Payment" means the regularly scheduled amount due for (i) principal and interest under the Note,
<br />plus (ii) any arnounts under Section 3 of this Security Instrurnent.
<br />(Q) "RESPA" means the Real Estate Settler►aent Procedures Act (12 U.S.C. §2bOl et seq.) and its implementing
<br />regulation, Regulation X(24 C.F.R. Part 3500), as they rnight be amended from time to time, or any additional or
<br />successor legislation or regulation that governs the same subject matter. As used in this Security Instrutnent,
<br />"RESPA" refers to all requirements and restrictions that are imposed in regard to a"federally related mortgage loan"
<br />even if the Laan does not qualify as a"federally related mortgage laan" under RESPA.
<br />(R) "Successor in Interest of Sorrower" rneans 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 />The beneficiary of this Security Instrument is MERS (solely as nomine� for Lender and Lender's successors and
<br />assigns) and the successors and assigns of MERS. This 5ecurity Instrument secures to Lender: (i) the repayment of
<br />the Loan, and all renewals, extensions and modificatians of the Note; and (ii) the performance of Borrawer's
<br />covenants and agreements under this Security Instrument and the Note. For this purpose, Borrower irrevocably grants
<br />and conveys to Trustee, in trust, with power of sale, the fallowing described property located in the
<br />COUNTY of
<br />[Type of Recording Jurisdiction]
<br />HALL
<br />[Name of Recording JurisdictionJ
<br />L+OT TE�[�TT (10 ), R& B SL]BDIVISIC�1, CI'I'Y OF C�AI�ID ISLAI�ID, HAI� �, IVEBRASKA
<br />A.P.N.: 400159910
<br />which currently has the address of
<br />GRAND ISLAND
<br />[C�ty]
<br />4039 LAMBCHOP LN
<br />[Street]
<br />, Nebraska 6 8 8 0 3 ("Property Address"):
<br />�z�� coa��
<br />TOG�'I'H�R WITH all the improvements now or hereafter erected on the property, and all easements,
<br />appurtenances, and fixtures now nr hereafter a part of the property. All replacerr�ents and additions shall also be
<br />covered by this Security lnstrument. All of the foregoing is referred to in this Security Instrument as the "Property. "
<br />Borrower understands and agrees that MERS holds only legal title to the interests granted by Borrower in this Security
<br />Instrument, but, if necessary to comply with law or custorn, MERS (as nominee for Lender and Lender's successors
<br />and assigns) has the right: to exercise any or a11 of those interests, including, but not limited to, the right to foreclose
<br />and sell the Property; and to take any action required of I.ender including, but not limited to, releasing and canceling
<br />this Security lnstrurnent.
<br />BORROWER COVENANTS that Boxrower 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 encurnbrances 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 />-- __....
<br />NEBRASKA--Single Family--Fannie Mae/Freddie Mac UNIFORM INSTRUMENT
<br />Form 3028 1/01 Page 2 of 1 1
<br />DOCMaqiC �Jr�YUa77H7f� 800-6a9-13s2
<br />www.docrosgic.com
<br />Ne3028.mzd.xml
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