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2010U826G
<br />Ne3U28.mzd.;cml
<br />(J) "Applicable Law" means all controlling applicable federal, state and local statutes, regulations, ordinances and
<br />administrative rules and orders (that have the effect of law) as well as all applicable final, non-appealable judicial
<br />opinions.
<br />(K) "Community Association Dues, Fees, and Assessments" means all dues, fees, assessments and other charges
<br />thac are imposed on Borrower or the Property by a condominium associatian, homeowners association or similar
<br />organization.
<br />(I�) "Electronlc 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 electranic 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 limited to, point-of-sale transfers, automated teller machine transactions, transfers initiated by
<br />telephon�, wire transfers, and automated clearinghouse transfers.
<br />(M) "Escrow Items" means those items that are described in Section 3.
<br />(N) "Miscellaneous Praceeds" means any connpensation, settlement, award af damages, or proceeds paid by any
<br />third parCy (other than insurance proceeds paid under the coverages describe�i in Section 5) for: (i) damage to, nr
<br />destruction of, the Froperty; (ii) condemnation or other taking of all or any part of the Property; (iii) conveyance in
<br />lieu of condemnation; or (iv) misrepresentatians af, or ornissions as to, the value and/or condition of the Praperty.
<br />(0) "Mortgage Insurance" means insurance protecting Lender against the nonpayment of, or default on, the L.oan.
<br />(� "Periodic Payment" rneans the regularly scheduled amaunt due for (i) principal and interest under the Note,
<br />plus (ii) any amounts under Sectian 3 of this Security Instrument.
<br />(Q) "RESPA" means the Raal 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 tk►ey might be amended from time ta time, or any additional or
<br />successor l�gislation or regulation that governs the same subject rnatter. As used in this Security Instrument,
<br />"RESPA" refers to all requirements and restrictions that are imposed in regard to a"federally related mortgage loan"
<br />even if the Loan does not qualify as a"federally related mortgage loan" under RESPA.
<br />(R) "Successor in Interest of Borrower" means 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 Instrutx�ent.
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<br />The bene�ciary of this Security Instrument is MERS (solely as nominee for Lender and Lender's successors and
<br />assigns) and the successors and assigns of MERS. This Security Instrument secures to I.ender: (i) che repayment of
<br />the Loan, and all renewals, �xtensions and modifications of the Note; and (ii) the performance of Borrower's
<br />covenants and agreements under this Security Instrumeni and the Note. For this purpose, Borrower irrevocably grants
<br />and conveys to Ttustee, in trust, with power of sa1e, the following described property located in the
<br />COUNTY of HALL .
<br />�Type of Recording 7urisdictionj
<br />[Name of Recording Jurisdiction]
<br />f 1 11 Ji@� : �� t ir� 1 11 i� �:�l IS1[� 1 1 � M �. !!� � Ir`� •� r•
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<br />which currently has the address af
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<br />2729 LAKEWOOD DR
<br />[Street]
<br />, Nebraska 6 8 8 01 ("Property Address"):
<br />[zip Coac1
<br />TOGETHER WITH all the improvements now or hereafter erected on the property, and all easements,
<br />appurt�nances, 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 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 custom, MERS (as nominee for Lender and Lender's successors
<br />and assigns) has the right: to exercise any ar all of those interests, including, but not lirnited to, the right to foreclose
<br />and sell the Property; and ta take any action required of Lender including, but not limited to, releasing and canceling
<br />this Security Instrument.
<br />BQRROWER COVENANTS that Borrower is lawfully seised of the estate hereby conveyed and has the right
<br />to grant and convey the Fropex 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 />encurnbrances of record.
<br />NEBRASKA--Single Family--Fannie Mae/Freddie Mac UNIFpRM INSTRUMENT - MERS DocMagic � soo-sas-tasz
<br />Form 3028 1/01 Page 2 of 1 1 www.docmagic.com
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