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<br />(I� "Loan" means the debt Evidenced by the Note, plus interest, any prepayment charges and late charges due under the Note,
<br />and all surns due under this Security Inswmcnt, plus interest.
<br />(I) "Riders" mcans all Riders to this Security Instrument that are executed by Borrawer. The follawing Riders .arc to be
<br />executed by Borrpwcr [check box as applicable]:
<br />❑ Adjustable Rate Rider ❑ Condominium Rider � Second Home Rider
<br />❑ Balloon Rider ❑ Planned Unit Development Rider ❑ Biweekly Payment Rider
<br />❑ 1-4 Family Rider ❑ Other(s) [specify]
<br />{J) "Applicable Law" means all cantrolling applicable federal state and local statutes, regulations, ordinances and
<br />administrative rulss and orders (that have the effect nf law) as well as all applicable fnal, non-appealable judicial opinions.
<br />(I� "Cammunity Associatinn Dues, Fees, and Asseasments" means all dues, fees, assessments and other charges that are
<br />imposed on Borrqwer or the Properiy by a condominium association, homeovvners assaciatian ar similar organization.
<br />(L) "Electronlc Fund� Transfer" rneans any transfer of funds, othcr than a transaction originated by check, draft, or sirnilar
<br />paper instrurnent, which is initiated thrpugh an electronic tarminal, telephonic instrurnent, computer, or magnetic tape so as to
<br />order, instruct, or authorize a financial institution tp debit or credit an account. Such term includes, but is not limited ta, point-
<br />of-sale transfers, automated teller machine transactions, transfers initiated by telephone, wire transfers, and automated
<br />clearinghouse transfers.
<br />(1V� "Eacrow Items" mcans those items that are described in Section 3.
<br />(N) "Miscellaneous Proceeds" rr►eans any compensation, settlement, award of damagss, or proceeds paid by any third party
<br />(other than insuranee proc�eds paid under the coverages described in Section 5) for: (i) damage ta, or destructioe af, the
<br />Property; (ii) condemnation or other taking of all or any part of the Property; (iii) conveyance in lieu of condemnation; or (iv)
<br />misrepresentations of, or omissions as to, thc value and/pr condition of the Property.
<br />(0) "Mortgage Insurance" means insurance pratecting I,ender against the nanpayment of, or default nn, thc Loan.
<br />(P) "Periadfc Payment" means the regularly scheduled arnount due for (i) principal and interest under the Note, plus (ii) any
<br />amounts under Section 3 af this Security Instrument.
<br />(Q) "RESPA" means the Real Estate Settlement Procedures Act (l2 U.S.C. §2601 et seq.) and its implementing regulation,
<br />'Regulation X(24 C.F.R. Part 3500), as they might be amended from time to time, or any additional or successor legislation or
<br />regulation that goyerns the same subject matter. As usad in this Security Instrurnent, "RESPA" refexs to all requirements and
<br />restrictions that are irnposed in regard ta a"federally related mortgage loan" even if the Lnan does not qualify as a"federally
<br />related mortgage ]nan" under .RESPA.
<br />(R) "Suceessor in [nterest of Borrqwer" means any party that has taken title to tho Property, whether or nnt that party has
<br />assumed Borrower's obligations under the Note and/or this Security Instrument.
<br />TR.ANSFER 0� RIGHTS 1N T'NE PROPERTY
<br />The bene�ciary of this Security Instrument is MBRS (solely as nominec for Lender and L�ndcr's succesaors and assigns) and
<br />the successors and assigna of MERS. This Security Tnstrument secures to Lender: (i) the repayment of the Lpan, and all
<br />renewals, extansions and modif cations of the Note; and (ii) the perfprmance of Borrower's covenants and agreements under
<br />this Security Instrument and the Nvte. For this purpose, Bnrrower irrevocably grants and canvcys to Trustee, in trust, with
<br />power of sale, the following described property located in the COUI�x (Type of Recording Jurisdiction) of IiALL (Name of
<br />Recording Jurisdiction)
<br />LOT 19, BLOCK 1, SUMIdBRFI�T,D BSTATBS 8$VBNTFI BIIHDIVISION, IN �'�i8 CITY OF C3RAND
<br />ISLANI], HALJ, COUNTY, WE8$ASKA
<br />which currently has the address of 3818 MBADOwLARK C2RCL8, pRAT�D ISLAI�D, N8 68803 ("Property Address").
<br />TOGETHER WITH all the improvernents now or hereafter erected on the property, and all easemcnts, appurtenances,
<br />and �xtures now or hereafter a part of the property. All replacements and additions shall also hc covcred by this Security
<br />Instrument. All of the faregoing is referred to in this Security Tnstrument as the "Property." $orrower understands and agrees
<br />that MERS hold only legal title to the interests granted by Borrower in this Security Instrument, but, if necessary to comply
<br />NEBRASI{A—Singic Pamily—Fannie M'ae/Freddie Mac UNIFORM 1N$TRCJM�IVT
<br /># 338.2 , Page 2 of 12
<br />Form 30281/Ol
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