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<br />(K) "Electronic �unds Transfer" means any transfer of funds, ather than a transaction originated by check, draft,
<br />or similar paper instrument, which is initiated through an electronic terminal, telephonic instrurnent, cornputer, 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 lirnited to, point-of-sale transfers, automated teller machine transactions, transfexs initiated by
<br />telephone, wire transfers, and automated clearinghouse transfers.
<br />(L) "Escrow Items" means those items that are described in Section 3.
<br />(Nn "Miscellaneous Proceeds" means any compensation, 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) condernnation or other taking of all or any part of the Froperty; (iii) conveyance in
<br />lieu of condemnation; or (iv) misrepresentations of, or ornissions as to, Che value and/or condition of the Property.
<br />(1� "Mortgage Insurance" means insurance protecting Lender against the nonpayment of, or default on, the Laan.
<br />(0) "Periodic Payment" rneans the regulaxly scheduled amount due for (i) principal and interest under the Note,
<br />plus (ii) any arnounts under Section 3 of this Security Instrurnent.
<br />(P) "RESPA" means the Real Estate Settlement Procedures Act (12 U.S.C. §2601 et s�q.) and its implernenting
<br />regulation, Regulation X(24 C.F.R. Part 3SOQ), as they might be amended from time to tizne, or any additional or
<br />successor legislation ar regulation that governs the same subject rnatter. As used in this Security Instrument,
<br />"RESPA" refers to all requirernents 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 />(Q) "Successor in Interest of Borrower" means any party that has taken title to the Prpperty, whether or not that
<br />party has assurned Borrower's obligations ander the Note and/or this Security Instrument.
<br />TRANSFER OF RIGHTS IN THE PROPERTY
<br />This Security Instrument secures to Lender: (i) the repayment of the Loan, and all renewals, extensions and
<br />modifications of the Note; and (ii) the performance of Borrawer's covenants and agreements under this Security
<br />Jnstrument and the Note. For this purpose, Borrower irrevocably grants and conveys to Trustee, in trust, with power
<br />of sale, the following described property located in the
<br />COiTNTY of HALL .
<br />[Type of Recording Iurisdicuon] [Name of Recording 7urisdiction]
<br />L�T 40, IN CAPTTAL HEIGHTS SEVENTH SUBDIVISION, �N THE NW 1/4 OF
<br />SECTTON 2, TOWNSHTP 1.J. NORTH, RANGE 10 WEST OF THE 6TH P,M., HALL
<br />COUNTY, NEBRASKA.
<br />A.P.N.: �00154501
<br />which currently has the address of 4 2 4 0 N�VADA AVE
<br />[Street]
<br />GRAND I S LAND , Nebraska 6$ 8 0 3 ("Property Address"):
<br />[C�tyl �Zip Code]
<br />TOGETHER WITH a11 the irnprovements now or hereafter erected on the property, and all easements,
<br />appurtenances, and fixtures now or hereafter a part af the property. All replacernents and additions shall also be
<br />covered by this Security Instrurnent. All of the foregoing is referred to in this Security Insttv�ment as the "Property."
<br />BORROWER COVENANTS that Borrower is lawfully seised of the estate hereby conveyed and has the right
<br />ta grant and convey the Property and that the Property is unencumbered, except for encumbxances 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 INSTRUMENT combines unifornn covenants for national use and non-uniform covenants with
<br />limited variations by jurisdiction to constitute a uniform security instrument covering real property.
<br />UNIFORM COVENANTS. Borrower and Lender covenant and agree as follows:
<br />1, Payment 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 Instrument shall be made in U.S. currency. However, if any check or other
<br />instrument received by I.,ender as payrnent under the Note ar this Security Instrument is returned to Lender unpaid,
<br />Lender may require that any or all subsequent payments due under the Note and this Security Instrument be mmde in
<br />one or more of the following forms, as selected by Lender: (a) cash; (b) maney order; (c) certified check, bank check,
<br />treasurer's check or cashier's check, provided any such check is drawn upon an institution whose deposits are insured
<br />by a federal agency, instrumentality, or entity; or (d) Electronic Funds Transfer.
<br />�
<br />NEBRASKA--Single Family--Fannie Mae/Freddie Mac UNIFORM INSTRUMENT DocMagic � soa-sas-rsss
<br />Form 3028 1/01 Page 2 of 1 1 www.docmagic.cam
<br />Ne3028.dot.xml
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