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2010090�4
<br />(K) "Electronic Funds Transfer" rneans any transfer of funds, other than a transaction originated by check, draft,
<br />or sirnilar paper instrument, which is initiated through an electronic ternunal, telephanic instrument, cotnputer, 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 />telephone, wire transfers, and automated clearinghouse transfers.
<br />(L) "Escrow Items" xneans those items that are described in Section 3.
<br />(1� "Miiscellaneous P�roceeds" 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) condemnation or other taking of all ar any part of the Property; (iii) conveyance in
<br />lieu af condemnation; or (iv) misrepresentations of, or omissions as to, the value and/or condition of the Property.
<br />(11n "Mortgage Insurance" nneans insurance protecting Lender against the nonpayrnent of, ar default on, the I,oan,
<br />(0) "Periodic Payment" means the regularly scheduled amount due for (i) principal and interest under the Note,
<br />plus (ii) any amounts under Section 3 of this Security Instrument.
<br />(P) "RESPA" rneans the Real Estate Settlement Procedures Act (12 U.S.C. §2601 et seq.) and its implernenting
<br />regulation, Regulation X(24 C.F.R, Part 3500), as they might be amended from time to time, or any additional or
<br />successor legislation or regulation that governs the same subject matter. As used in this Security Instrument,
<br />"RESPA" refers to all requirements and restrictions that are irnposed in regard to a"federally related rnortgage loan"
<br />even if the I..oan 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 abligations under the Note and/or this Security Tnstrurnent.
<br />TRANSFER OF RIGHTS IN THE RROPERTY
<br />This Security Instrument secures to Lender: (i) the repayment of the Loan, and all renewals, extensions and
<br />rnodifications of the Note; and (ii) the performance af Borrpwer's covenants and agreements under this Security
<br />Instrurnent 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 Jurisdiction] [Name of Recording 7urisdiction]
<br />LOT 2, FONDEROSA LAKE ESTATES SIXTH SUBDIVISION IN THE CITY OF
<br />GRAND ISLAND, HALL COUNTY, NEBRASKA.
<br />A.P.N.: 40049�4097
<br />which currently has the address of 8 0 PONDEROSA DR
<br />[Street]
<br />GRAND I S LAND , Nebraska 6 8 8 0 3 ("Property Address"):
<br />[City] [Zip Code]
<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 Instrument. All of the foregoing is referred to in this Security Instrument as the "Property."
<br />BORROWER COVENANTS that Bonower is lawfully seised af the est�te hereby conveyed and has the right
<br />ta grant and convey the Property and that the Property is unencurnbered, 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 />encumbrances of record.
<br />THIS SECURITY INSTRUMEN'T combines uniform cavenants for natipnal use and non-uniform covenants with
<br />Ne�p28.dot.xml
<br />limited variations by jurisdiction ta constitute a uniform security instrument covering real property.
<br />UNIFORM COVENANTS. Borrower and Lender covenant and agree as follows:
<br />1. Payment oP Principal, Intere�t, Escrow Items, Prepayment Charges, and Late Charges. Borrower shall
<br />pay when due the principal of, and interest an, the debt evidenced by the Nate and any prepayment charges and late
<br />charges due under the Note. Sorrower shall also pay funds for Escrow Items pursuant to Section 3. Payrnents due
<br />under the Note and this Security Instarument shall be made in U.S. currency. However, if any check or othcr
<br />instrument received by L.ender as payment under the Note or 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 made in
<br />one or mare of the following fatms, as selected by Lender: (a) cash; (b) money order; (c) certi�ed check, bank check,
<br />treasurer's check or cashier's check, provided any such check is drawn upon an institution whase depasits are insured
<br />by a federal agency, instrurnentality, or entity; or (d) Electranic Funds Transfer.
<br />�
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<br />NEBRASKA--Single Family--Fannie Mae/Freddie Mac UNIFORM INSTRUMENT
<br />Form 3028 1/01 Page 2 of 11
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