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<br />(K) "Electronic T�nds Transfer" means any transfer of funds, other than a transaction originated by check, draft,
<br />ar similar paper instrument, which is initiated through an electronic terminal, telephonic instrument, 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 limiled lo, point transfers, autamated teller machine transactions, tran�fers initiated by
<br />telephone, wire transfers, and automated alearinghause transfers.
<br />(L) "Escrow Items" means those ztema that are described in Section 3.
<br />(M) "Miscellaneous Proceeds" means any compansation, 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) condemnatinn or other taking of all or any part �f the Property; (iii) conv�yance in
<br />lieu of aondemnation; or (iv) misrepresentations of, or omissions as ka, the value and/or condition of the Property.
<br />(N) "Mortgagc Insurance" means insurance protecting Lender against the nonpayment of, or default on, the Loan.
<br />(0) "Periodic Payment" means the regularly scheduled amount due far (i) principal and interest under the Note,
<br />plus (ii) any amounts under Section 3 oF this Security Instrurnent.
<br />(F) "RESPA" means the Real Estate Settlement Procedures Act (12 U.S.C. §26Q1 et seq.) and its implementing
<br />regulation, Regulakion X(24 C.F.I2. Part 3500), as they might be amended from tinne ta time, or any additional or
<br />successor legislation or regulation that governs the same subject matter. As used in this Security Instrument,
<br />"R�SPA" refers to ail requiremants and restrictions that are imposed in regard ta a"federally related mortga�e loan"
<br />�ven iF the Loan does not qualify as a"federally related mortgage loan" under RESPA.
<br />(Q) "Successor in Interest af �arrower" means any party that has taken title to the'Property, whether ar not that
<br />party has assumed Borrower's abligatians under the Note and/or this Security Instrument.
<br />TRANSFER OF RIGHTS IN THE PROPERTY
<br />"I'his Security Instrument secures to Lendcr: (i) the repayment of the Loan, and all renewals, extensions and
<br />madificatians of the Note; and (ii) the perforrnance of Borrower's covenants and agreements under this Security
<br />Tnstrument and the Note. P'or this purpose, Borrower irrevocably grants and canveys to Trustee, in trust, with power
<br />of sale, the Following described property located in the
<br />COUNTY of HALL :
<br />[Type of Recording Jurisdiction] (Name of Recording Jurisdictian]
<br />LO'I' 3, BF.,RKSHIRE SUBDIVISION IN THE CITY OF GRAND IST�AND, HALL COUNTY, NEBRASKA
<br />A.P,N.: 400326981.
<br />which currently has the address of 2 3 2 5 S TAGE C�ACH RD .
<br />(Street]
<br />GFtAND I S LAND , Nebraska 6$ 8 01 ("Property Address" ):
<br />[City] [Zip Code]
<br />TOGETHER WITH all the improvements now or hercaFtar erected on the property, and all easements,
<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 C�VENANTS 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 far encumbrances of racord.
<br />Borrower warrants and will defend generally the citle to the Property against all oluims and demands, subject to any
<br />encumbranoes of recard.
<br />THIS SECURIT Y INSTRUMENT combines uniform covenants for national usa and non-uniform covenants with
<br />limited variations by jurisdiction to constitute a uniform security instruznent aovering real property.
<br />UNIFORM COVENANTS. Borrower and I,ender cavenant and agree as follows:
<br />]. Payment of Principal, Interest, Escrow Ttems, Prepayment Charges, and Late Charges. Borrower shall
<br />pay when due the principal �f, and interest on, the debt evidenced by the Not� and any prepayment charges and late
<br />charges due under the Note. T3orrawer shall also pay funds for Escrow Items pursuant ta Section 3. Payments due
<br />under the Note and this Sccurity Instrument shall be made in U. S. currency, However, if any check or other
<br />instrument received by Lender as payment under the Nate or this Security Tnstrument is returned to Lendex unpaid,
<br />Lender may require that any or all subsequent payments due under the Note and this Security Tnstrurnent be made in
<br />one or more �f the following Forms, as selected by Lender: (a) cash; (b) money nrder; (c) certified check, bank check,
<br />treasurer' s check or cashier' s check, provided any such check is drawn upon an institution whase deposits are insur�d
<br />l�y a federal agency, instrumentality, or entity; or (d) Electronic Funds Transfer.
<br />NEBRASKA--Single Family--Fannie Mae/Freddie Mac UNIFQRM INSTRUMENT
<br />Form 3028 1/01 Page 2 of 11
<br />�
<br />DocMagic � 800-849-1362
<br />www. docrosglc. cam
<br />Ne3028.dot.�anl
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