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201008056
<br />(F) "Note" means the promissory note signed by Borrower and dated October 29, 2010 .
<br />The Note states that Borrower owes Lender
<br />One Hundred SeventyFive Thousand Seven Wundred Fifty DOLLARS and Zero GENTS
<br />Dollars (U.S. $ 775,750.00 ) plus interest. $orrower has promised to pay this debt in regular
<br />Periodic Payments and to pay the debt in full not later than November 1, 2040 .
<br />(G) "Property" means the property that is described below under the heading "Transfer of Rights in the
<br />Property."
<br />(H) "Loan" rneans the debt evidenced by the Note, plus interest, any prepayment charges and late charges
<br />due under the Note, and all sums due under this Security Instrument, plus interest.
<br />(I) "Riders" means all Riders to this Security Instrument that are executed by Borrower. The following
<br />Riders are to be executed by Bortower [check box as applicable]:
<br />n Adjustable Rate Rider � Condominium Rider � Second Home Rider
<br />n Balloon Rider n Planned Unit Development Rider � 1-4 Family Rider
<br />0 Biweekly Payment Rider n V.A. Rider
<br />� Other(s) [specify]
<br />(� "Applicable Law" means all controlling applicable federal, state and local statutes, regulations,
<br />ordinances and administrative rules and orders (that have the effect of law) as well as all applicable final,
<br />non-appealable judicial opinions.
<br />(K) "Community Association Dues, Fees, and Assessments" roeans aii dues, fees, assessments and other
<br />char�es that are imposed on Borrower or the Property by a condominiurn association, homeowners association
<br />or similar organization.
<br />(L) "�lectronic Funds Tr�nsfer" means any transfer of funds, other than a transaction originated by check,
<br />draft, or similar paper instrument, which is initiated through an electronic terminal, telephonic instrument,
<br />computer, or magnetic tape so as to order, instruct, or authorize a financial institution to debit or credit an
<br />account. Such term includes, but is not limited to, point-of-sale transfers, automated teller machine
<br />transactions, transfers initiated by telephone, wire transfets, and automated clearinghouse transfers.
<br />(M) "Escrow Items" means thase items that are described in Section 3.
<br />(N) "Miscellaneous Proceeds" means any compensation, settlem�nt, award of damages, or proceeds paid by
<br />any third party (other than insurance proceeds paid under the coverages described in Section 5) for: (i) damage
<br />to, or destruction of, the Property; (ii) condemnation or other taking of all ar any part of the Property; (iii)
<br />canveyance in lieu of condemnation; or (iv) misrepresentations of, or omissions as to, the value and/or
<br />candition of the Property.
<br />(0) "Mortgage Insurance" means insurance protecting I,ender against the nonpayment of, or default on, the
<br />Loan.
<br />(P) "Periodic Payment" means the regularly scheduled amount due for (i) principal and interest under the
<br />Note, plus (ii) any amounts under Section 3 of this Security Instrument.
<br />(Q) "RESPA" means the Real Estate Settlement Procedures Act (12 U.S.C. �2601 et seq.) and its
<br />implementing regulation, Regulation X(24 C.F.R. Part 3500), as they might be amended from time to time,
<br />or any additianal or successor legislation or regulation that governs the same subject matter. As used in this
<br />Security Instrument, "RESPA" refers to all requirements and restrictions that are imposed in regard to a
<br />"federally related mortgage loan" even if the Loan does not qualify as a"federally related mortgage loan"
<br />under RESPA.
<br />(R) "Successor in Interest of Borrower" means any party that has taken title to the Property, whether or not
<br />that party has assumed Borrower's obligations under the Note and/or this Security Instrument.
<br />NEBRASKA- 5ingle �amily - FannieMae/FreddieMac UNIFORM INS7RUMENT
<br />Form 30281/01
<br />Laser Forms Inc. (800) 446-3555
<br />LFI#FNMA3028-MERS 1/01 Page2 of 13 Illltl815:
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