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201009301
<br />(.n "Applicable Law" means nll controlling applicable Fedaral, state and local statutes, regulations, ordinances and
<br />adminisrrativc rules and orders (that have the efTect of law) as well as all applicable final, non-appcalable judicial
<br />opinions.
<br />(K) "Commanity Aaaociation Duea, Fees, and Assessments" means all dues, fees, assessments and other charges
<br />that arc imposed on 13orrpwer or the Properry by a condominium association, hvmeowners association or similar
<br />organization.
<br />(L) "Electronic Funds 7'ran�fer" means any transfer of funds, othar than a transaction ariginated by check, draft,
<br />or similar paper instrument, which is initiated through an electronic terminal, telephonic instrumen�, 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 noc limited to, point-of-sale transfers, sutomated teller machine hansactions, transfers initiated hy
<br />telephone, wire transfers, and automated clearinghousa transfers.
<br />(11� "Escrow Items" means thvse items that are described in Section 3.
<br />(N) "Miscellaneous 1'toceeds" means any compansation, settlement, award of damages, or proceeds paid by any
<br />third parry (other than insurance proceeds paid under the cpverages described in Section S) foc (i) dama�e to, or
<br />destruction of, the Froperty; (ii) condemnation or other taking of all or any part of the Property; (iii) conveyance in
<br />lieu of condemnation; or (iv) misrepresentatiqns pf, or omissions as to, thc value and/or condition of the 1'roperty.
<br />(0) "riTortgage Insurance" means insurance protecting Lender against the nonpayment of, or def'ault on, the Loan,
<br />(P) "Periodic PaymenN' means the regularly scheduled amount due for (i) principal and interest under the Note,
<br />plus (ii) any amaunts under Section 3 of this Securiry Instrument.
<br />(Q) "RESPA" means the Real Estate Settlamant Procedures Act (12 U,S,C. §2601 et seq.) and its implementing
<br />regulation, Regulation X(24 C. F. R. Part 3500), as thcy might bc amended from time to time, or any additional or
<br />successor legislation pr regulation that governs the samc subject matter. As used in this Security Instrument,
<br />"RESPA" refers to all requirements and restrictions that are imposed in regard to a"federally related mortgage loan"
<br />aven if the Loan does not qualify as a"federally related mortgage loan" under RF.SPA.
<br />(R) "Succes�or in Interest uf Bowwower" means any parry that has taken title to the Property, whether or not that
<br />party has assumed Borrower's vbligations under the No�e and/or this Securiry Instrument.
<br />TRANSFER OF RIGH75 IN 7H� F'F't01�ERTY
<br />Th� beneficiary of this Securiry Instrument is MERS (solely as nominee for Lender and Lender's successors and
<br />assigns) and the successors and assigns of MERS. This Securiry Instrumant sacures to L.ender; (i) the repayment of
<br />the L.oan, and all renewals, extensions and moditications of the Notc; and (ii) the performance of Barrower's
<br />covenants and agreements under this Security Tnstrument and the Note. For this purpose, Borrower irrevocably grants
<br />and conveys to Trustee, in trust, with power of sale, the following dascribed property located in the
<br />COUNTY of HAT,L
<br />[Type of Recording hrisdiction] [Nume of Reeording JuriEdiction]
<br />�,OT ONE (1), SLOCK FOTJR (4), CC7NNTNGHAM SUBDIVISION, AN ADDITIpN
<br />TO THE CITX OF GRAND ISLAND, HALL CqUNTY, NEBRASKA
<br />A.P.N.; 400040077
<br />which currently has the address of 1523 N TAYLOR AVENUE
<br />[Strccl]
<br />GgF1PIp I$Lp,Np , Nebraska 68803 ("Proparty Addrass"):
<br />ICiry] IZip Codc]
<br />TOGGTI�IER WITH all the improvements now or hereafter erected on the property, and all easements,
<br />appurtenances, and fixtures now or hereafter a part of the property, All replacements and additions shall also be
<br />covered by this Security lnstrument All of the foregoin$ is referred to in this Secu�ity Instrument as the "1'roperty."
<br />Borrpwer understands and agrees that MERS holds unly legel title ro the interes[s granted by Borrower in this Security
<br />Instrument, but, if necessary to cvmply with law or cu�tom, MEAS (as nominee for l.ender and Lender's successors
<br />and assigns) has the right: to exercise any or dll of those interests, including, but not limited tv, the right to foreclose
<br />and sell the Property; and co take any action required pf Lender including, but not IimiteJ to, releasing and canceling
<br />this Security Instrument.
<br />BQRKOWBIt COVENANTS ehat Borrower is lawfully seised of the escate hereby conveyed and has the right
<br />to grant and convey the Yroperty 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, su6ject to any
<br />encumbrances of record,
<br />Borrower lnitials: �-1 � . ��
<br />NESRASKA--Single Family--Fannie MaelFreddle Mac UNIFqRM INSTRUMENT - M�RS OqCMaqPC R1Fc�mrtm� eoo-eaa-f�az
<br />Form 3028 1l01 Page 2 of 11 www.docmagic.com
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