|
2011Q0232
<br />(K) "Electronic Funds Transfer" mear►s 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 autotnated clearinghouse transfers.
<br />(L) "I.scrow Items" means those itetns 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 af, the Property; (ii) condemnation or other taking of all or any part of the Froperty; (iii) conveyance in
<br />liau 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 nonpayrnent of, or default on, the Loan.
<br />(0) "Periodic Payment" rt�eans the regularly scheduled amount due for (i) principal and interest under the Note,
<br />plus (ii) any amounts under Section 3 of this 5ecurity 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.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" r�fers to all requirements and restrictions that are irraposed 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 Sorrower" 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 lnstrument.
<br />TRANSFER OF RIGHTS IN THE PROPERTY
<br />This Security instrument secures to Lender: (i) the repayt�aent of the Loan, and all renewals, extensions and
<br />rnodifications 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 descxibed property located in the
<br />COUNTY of HALL .
<br />�Type of Recording Jurisdiction]
<br />LOT ONE (1), BLOCK ONE (1),
<br />CITY OF GRAND ISLAND, HALL
<br />A.F.N.: 400092794
<br />[Name of Recording Jurisdicuon]
<br />TN SOUTHERN ACRES ADDITION TO THE
<br />COiTNTY, NEBRASKA
<br />which currently has the address of 2407 RIVERSIDE DR
<br />�Street]
<br />GRAND I S LAND , Nebraska 5$ 8 01 ("Property Address"):
<br />[��ty] [Zip CodeJ
<br />TOG�'I"HER WITH all the improvements now ar hereafter erected on th� property, and all easerraents,
<br />appurtenances, and fixtures now or hereafter a part of the property. All replacements and additions sha11 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 encurnbrances of record.
<br />Borrower warrants and will defend generally the title to the Property against all claims and dernands, subject to any
<br />encumbrances af record.
<br />THIS SECURITY INSTRUMENT wmbines uniform covenants for natianal use and non-uniform cavenants with
<br />limited variations by jurisdiction to constitute a uniform security instrument covering real property.
<br />UNIFORM COVENANTS. Borrower and L.ender covenant and agree as follows:
<br />1. Payment of Principal, Interest, Escrow Items, Prepayment Charges, and Late Char�es. 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 />ck►arges 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 pay�x�ents due under the Note and this Security Instrument be made in
<br />ane or rnore of the following forms, as selected by Lender: (a) cash; (b) mon�y 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; ar (d) Electronic Funds Transfer.
<br />�� .
<br />NEBRASKA--Single Famin'--Fannie Mae/Freddie Mac UNIFORM INSTRUMENT DocMagicHrrsYr(�n�t 800•sas-rssz
<br />Form 302$ 1/01 Page 2 of 11 www.docmagic.com
<br />Ne3U28.dot.xml
<br />
|