Laserfiche WebLink
2oiooss�� <br />(J) "Applicable Law" means all controlling applicable fedez'al, state and local statutes, regulations, ordinances and <br />administratxve rules and orders (that have the effect of law) as well as all applicable final, nan-appealable judicial <br />opinions. <br />(K) "Community Association Dues, Fees, and Assessments" means all duas, fees, assessnnents and other charges <br />that are imposed on Borrower or the Property by a condorninium association, homeowzzers association or similar <br />organization. <br />(L) "ElectronIc Fands Transfer" means any transfer of funds, othear than a transaction originated by check, draft, <br />or similar paper instrurnent, 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 lirnited to, point-of-sale transfers, automated teller machine transactions, transfers initiated by <br />telephone, wire transfers, and automated clearinghause transfers. <br />(M) "Escrow Items" means those iterns that are described in 5ection 3. <br />(1� "Miscellaneous Proceeds" means any compensatian, settlement, award of damages, or proceeds paid by any <br />third party (ather than insurance praceeds paid under the coverages described in Section 5) for: (i) damage to, or <br />destruction of, the Property; (ii) candemnation or other taking of all or any part of the Property; (iii) conveyance in <br />lieu of condemnation; or (iv) misrepresentations of, or ornissians as to, th� value and/or condition of the Property. <br />(0) "Mortgage Insurance" means insurance protecting Lender against the nonpayment of, or default on, the Loan. <br />(� "Periodic Payment" zneans the regularly scheduled amount due for (i) principal and interest und�r th� Note, <br />plus (ii) any amounts under Section 3 of this Security lnstrument. <br />(Q) "RESPA" means the Real Estate Settlement Procedures Act (12 U.S.C. §2601 et seq.) and its implemenCing <br />regulation, Regulation X(24 C.P.R. Part 3500), as they might be amended from time to time, or any additional or <br />successar legislation or regulation that governs the same subject znatter. As used in this S�curity 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 Instrument. <br />TRANSFER OF RIGHTS IN TH� PROPERTY <br />The bene�ciary of this Security Instrument is MERS (solely as nominee for Lender and L.ender's successors and <br />assigns) and the successors and assigns of MERS. This Security Instrument secures to Lender: (i) the repayment of <br />the Loan, and all renewals, extensions and rnodifications of the Note; and (ii) the performance of Borrower's <br />covenants and agreernents under this Security Instrurnent and the Note. For this purpose, Barrower irrevocably grants <br />and conveys to Trustee, in trust, with power of sale, the following described property located in the <br />COUNTY of HALL • <br />[Type of Recording 7urisdiction] [Name of Recording Jurisdiction] <br />� 11 �: ' ,• ��la � ' :�l F.'�[� <br />� ■ � ��� i � <br />1 1 I 1 ^�! r: �� 11' r� n �� 1 'J'.'��ry <br />which currently has the address of <br />DONIPHAN <br />[City] <br />412 E FLUM ST <br />[Street] <br />, Nebraska 6 8$ 3 2 <br />[Zip Code] <br />("Property Address"): <br />TOGETHER WITH all the irnprovernents 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 Tnstrument. All of the foregoing is referred to in this Security Instrument as the "Praparty. " <br />Boz7rower understands and agrees that MERS k►olds only legal title to the interests granted by Borrower in this Security <br />Instarument, but, if necessary to comply witb law ar custom, M�RS (as nominee for Lender and Lender's successors <br />and assigns) has the right: to exercise any or all of those interests, including, but not limited ta, the right to foreclose <br />and sell the Property; and to take any action required of Lender including, but not limited to, releasing and canceling <br />this S�curity Instrurnent. <br />BORROWER COVENANTS that Borrower is lawfully seised of the estate hereby conveyed and has the right <br />to grant and convey the Froperty and that the Property is unencumbered, except for encumbrances of record. <br />Borrower �varrants and will defend generally the title to the Property against a11 claims and demands, subject to any <br />encumbrances of recard. <br />�� `�'C� <br />NEBRASKA--Single Family--Fannie Mae/Freddie Mac UNIFpRM INSTRUMENT - MERS <br />Form 3028 1/01 Page 2 of 1 1 <br />Dochlagic �. aoa-sas-�ss2 <br />www. docmaglc. com <br />Ne3028.mzd.xml <br />