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2�100�589
<br />Ne3Q28. m7d. xml
<br />(,n "Applicable Law" means all controlling applicable federal, state and local statutes, regulatians, ordinances and
<br />adrninistrative rules and orders (that have the effect of law) as well as all applicable final, nnn-appealable judicial
<br />opinions.
<br />(K) "Community Association Dues, Fees, and Assessments" means all dues, fees, assessments and other charges
<br />that are imposed on Borrower or the Property by a condominium assaciation, homeowners association or sirnilar
<br />organization.
<br />(L) "Electronic �nds TransPer" 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, ar
<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 cleazinghouse transfers.
<br />(Nn "Escrow Items" rneans those items that are described in Section 3.
<br />(1� "Miscellaneous Proceeds" means any compensation, settlement, award of damages, or proceeds paid by any
<br />third party (ather than insurance proceeds paid under the coverages described in Section 5) for: (i) damage to, ox
<br />destruction of, the Praperty; (ii) condemnation pr other taking of all or any part of the Property; (iii) conveyance in
<br />lieu of condemnation; or (iv) misrepresentations of, or onnissions as to, the value and/or condition of the Property.
<br />(0) "Mortgage Insurance" means insurance protecting I.ender against the nonpayment of, or default on, the I.oan.
<br />(P) "Periodic Payment" means the regnlarly scheduled amount dne for (i) principal and interest under th� Note,
<br />plus (ii) any amounts under Section 3 of this Security Instrument.
<br />(Q) "RESPA" means the Real Estate Settlement Procedures Act (12 U.S.C. §2601 et seq.) and its implementing
<br />regulation, Regulation X(24 C.F.R, Part 3500), as they might be amended froxn time to time, or any additional or
<br />successor legislation or regulation that governs the same subject rnatter. As used in this Security Instrument,
<br />"RESPA" refers to all requirements and restrictions that are irnposed 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 Barrower" means any party that has taken title to the Property, whether ar not that
<br />party has assumed Borrower's obligations under the Note and/or this Security Instrurnent.
<br />TRANSFER OF RIGHTS IN THE PROPERTY
<br />The beneficiary of this Security Instrument is MERS (solely as nominee for Lender and I.,ender's successors and
<br />assigns) and the successors and assigns of MERS. 'I"his Security Instrument secures to Lender: (i) the repayrnent of
<br />the Loan, and all renewals, extensians and modifications of the Note; and (ii) the perfor�nance of Borrower's
<br />covenants and agreernents under this Security Instrument and the Note. For this purpose, Borrower irrevocably grants
<br />and conveys to Trustee, in trust, with power of sale, the following described property located in the
<br />COUNTY af HALL •
<br />[Type of Recording Jurisdictian]
<br />[Name of Recording JurisdicGan]
<br />f � 1 �1I� ly�■ � � 1 ` ��l 9 • 1 1 � M • ! J• � '+ • � �• l� �:'�C'�•
<br />:. r i��� �•Ly
<br />which currently has the address of
<br />GRAND ISLAND
<br />[Cityl
<br />3118 BISON COURT
<br />[Street]
<br />, Nebraska 6 8 8 0 3 ("Property Address"):
<br />[Zip Code]
<br />TOGETH�R 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 praperty. All replacernents and additions shall alsa be
<br />covered by this Security Instrument. All of the foregoing is referred to in this Security Instrument as the "Froperty."
<br />Borrower understands and agrees that MERS holds only legal title to the interests granted by Borrower in this Security
<br />Instrument, but, if necessary to comply with law or custom, MERS (as nominee for L,ender and Lender's successors
<br />and assigns) has the right: to exercise any or all of those interests, including, but not limited to, the right to foreclose
<br />and sell the Froperty; and to take any action required of I..ender including, but not limited to, releasing and canceling
<br />this Security Instrument.
<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 Praperty is unencumbered, except for encumbrances af record.
<br />Borrower warrants and will defend generally the title to the Property against all clairns and demands, subject to any
<br />encumbrances of record.
<br />NE8RA5KA--5ingle F�mily--Fannie Mae/Freddie Mac UNIFpRM INSTRUMENT - M�RS
<br />Form 3028 1l01 Page 2 of 11
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