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2oioo9s74 <br />(E) "Note" means the promissory note signed by Borrower and dated December 3, 2010. The Note <br />states that Barrower owes Lender ninety seven thousand six hundred ninety-five and 00/100 Dollars <br />(U.S. $97,695.00) plus interest. Borrower has promised to pay this debt in regular Periodic Payments <br />and to pay the debt in full not later than January 1, 2041. <br />(F) "Property" means the property that is described below under the heading "Transfer of Rights in <br />the Property." <br />(G) "Loan" means the debt evidenced by the Note, plus interest, any prepayment charges and late <br />charges due under the Note, and all sums due under this Security Instrument, plus interest. <br />(H) "Riders" means all Riders to this Security Instrument that are executed by Borrower. The following <br />Riders are to be executed by Borrower [check box as applicable]: ' <br />� Adjustable Rat� Rider <br />0 Balloon Rider <br />❑ VA Rider <br />❑ Condominiurn Rider ❑ Second Home Rider <br />� Planned Unit Development Rider ❑ I-4 Family Rider <br />❑ Biweekly Aayment Rider ❑ Other(s) [specify] <br />(I) "Applicable Law" means all controlling applicable federal, state and local statutes, regulations, <br />ordinances and adtninistrative rules and orders (that have the et�'ect of law) as well as all applicable <br />final, nan-appealable judicial opinians. <br />(J) "Community Association Dues, Fees, and A.vsessrraents " means all dues, fees, assessments and <br />other charges that are imposed on Borrower or the Property by a condominium association, homeowners <br />association or similar organization. <br />(K) "Electronic Funds Transf'er" means any transfer of funds, other than a transaction originated by <br />check, draft, or similar paper instrument, which is initiated through an electronic terminal, telephonic <br />instrument, computer, or magnetic tape so as ta order, instruct, or authorize a financial institution to <br />debit or credit an account. Such term includes, but is not limited to, point-of-sale transfers, automated <br />teller machine transactions, transfers initiated by telephone, wire transfers, and automated clearinghouse <br />transfers. <br />(L) "Escrnw Items " means those items that are described in Section 3 <br />(M) "Miscellcrneous Proceeds " rneans any compensation, settlement, award of damages, or proceeds <br />paid by any third pariy (other than insurance proceeds paid under the coverages described in Section <br />5) for: (i) damage to, or destruction of the Property; (ii) condemnation or other taking of all or any <br />part of the Property; (iii) conveyance in lieu of condemnation; or (iv) misrepresentations of; or <br />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 <br />on, the I�oan. <br />(0) "Periodic Payment" means the regularly scheduled amount due for (i) principal and interest <br />under the Nate, plus (ii) any amounts under Section 3 of this Security Instrument. <br />7757307723 <br />NEBRASKA-Single Family-Fannie Mae/Freddie Mac LINIFORM INSTRUMENT Form 3o28 V01 <br />VMP� <br />Wolters Kluwer Financial Servlces 201011303.5.0.0.400220100528Y Initials: Page 2 of 17 <br />'H 17 73 77 <br />