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<br />(K) "Electronic Funds TransPer" means any transfer of funds, ather than a transaction originated by check, draft,
<br />or sirnilar paper instrument, which is initiated through an electronic terminal, telephonic instrument, computer, or
<br />magnetic tape so as to order, instruct, ar authorize a financial institution ta debit or credit an account. Such term
<br />includes, but is not limited to, paint-vf-sale transfers, automated teller machine transactions, transfers initiated by
<br />telephone, wire transfers, and automated clearinghouse transfers.
<br />(L) "Escrow Items" mear►s those items that are described in Section 3.
<br />(1� "Miscellaneous Proceeds" means any cornpensation, settlement, award of damages, or proceeds paid by any
<br />third party (nther than insurance proceeds paid under the coverages described in Section 5) for: (i) damage to, or
<br />destruction of, the Property; (ii) condemnation or other taking of all or any part of the P�roperty; (iii) conveyance in
<br />lieu of condemnation; or (iv) misrepresentations af, or omissions as to, the value and/or condition of the Property.
<br />(I� "Mortgage Insurance" rneans insurance protecting I.ender against the nonpayrnent of, or default on, the I.nan.
<br />(0) "Periodic Payment" means the regulazly scheduled amount due for (i) principal and interest under the Note,
<br />plus (ii) any amaunts under Section 3 of this Security Instrument.
<br />(P) "RESPA" means the Real Estate Settlement Procedures.Act (12 U.S.C. §2601 et seq.) and its implementing
<br />regulation, Regulation X(24 C.P.R. Part 3500), as they might be amended from tinne to time, or any additional or
<br />successor legislation or regulatian that governs the same subject matter. As used in this Security Instrument,
<br />"RBSPA" 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 />(Q) "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 nbligations under the Note and/or this Security Instrurnent.
<br />TRANS�ER OF RIGHTS IN THE PROPERTY
<br />This Security Tnstrument secures to Lender: (i) the repayment of the Loan, and all renewals, extensions and
<br />modifications of the Note; and (ii) the pexformance of Borrower's covenants and agreements under this Security
<br />Xnstrument 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 />COUNTY of HALL .
<br />[Type of Recording Jurisdicuon] [Name of Recording Jurisdicuon]
<br />LOT 1, B Z SUBDIVISION, HALL COUNTY, NEBRASKA
<br />A.P.N.: 400�34180
<br />which currently has the address of 16 0 4 W WH I TE CLOUD ROAD
<br />[street]
<br />GRAND I SLAND , Nebraska 6 8 8 p 3 ("Property Address"):
<br />[City] [Zip Code]
<br />TOGETHBR WITH all the improvements now or hereafter 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 Instrurnent. All of the foregoing is referred to in this Security Instrument as tlxe "Property."
<br />BORROWER COVENANTS that Borrower is lawfully seised af the estate hereby conveyed and has the right
<br />tq grant and convey the Property 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 />THIS SECURITY INSTRUMENT combines uniform 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 />insCrument received by I,ender as payrnent under the Note ar this Security Instrurnent is returned to Lender unpaid,
<br />L,ender may require that any or all subsequent payments due under the Nate and this Security Instrurnent be made in
<br />one or more of the following forms, as selected by Lender: (a) cash; (b) money order; (c) certified check, bank check,
<br />treasurer's check or cashier's check, provided any such ch�ck is drawn upon an institution whose deposits are insured
<br />by a federal agency, instrumentality, or entity; or (d) Electronic Funds Transfer.
<br />���
<br />N@6RA8KA--8ingle Family--Fannle Mae/Freddle Mac UNIFORM INSTRUMENT DocMaqlc � soas49-�ssz
<br />Form 3028 1/07 Page 2 of 11 www.docmaglc.com
<br />Ne3(11.8.dot, xml
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