|
<br />
<br />
<br />
<br /> 20100947"1
<br /> (K) "Electronic Funds Transfer" means any transfer of funds, other than a transaction originated by check, draft,
<br /> or similar paper instrument, 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 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" means those items that are described in Section 3.
<br /> (M) "Miscellaneous Proceeds" 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 or any part of the Property; (iii) conveyance in
<br /> lieu of condemnation; or (iv) misrepresentations of, or omissions as to, the value and/or condition of the Property.
<br /> (N) "Mortgage Insurance" means insurance protecting Lender against the nonpayment of, or default on, the Loan.
<br /> (O) "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" 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 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 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 obligations under the Note and/or this Security Instrument.
<br /> TRANSFER OF RIGHTS IN THE PROPERTY
<br /> This Security Instrument secures to Lender: (i) the repayment of the Loan, and all renewals, extensions and
<br /> modifications of the Note; and (ii) the performance of Borrower's covenants and agreements under this Security
<br /> Instrument 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 Jurisdiction]
<br /> LOT #1, LOGAN'S SUBDIVISION, HALL COUNTY, NEBRASKA.
<br /> A.P.N.: 400433818
<br />
<br />
<br />
<br />
<br />
<br /> which currently has the address of 3804 S STUHR ROAD
<br /> [Street]
<br /> GRAND I S LAND , Nebraska 68801 ("Property Address"):
<br /> [City] [Zip Code]
<br /> TOGETHER 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 Instrument. All of the foregoing is referred to in this Security Instrument as the "Property."
<br /> BORROWER COVENANTS that Borrower is lawfully seised of the estate hereby conveyed and has the right
<br /> to 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 /> encumbrances of record.
<br />
<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 /> instrument received by Lender 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 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 check is drawn upon an institution whose deposits are insured
<br /> by a federal agency, instrumentality, or entity; or (d) Electronic Funds Transfer.
<br />
<br />
<br /> L1. - S - --a . .
<br /> NEBRASKA--Single Family--Fannie Mae/Freddie Mac UNIFORM INSTRUMENT DocMagic eVWMM 800-649-1362
<br /> Form 3028 1/01 Page 2 of 11 www.docmagic.com
<br />
<br />
<br /> N6028.dot.=1
<br />
|