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201100283
<br />LOAN #: 0279075279
<br />(G) "Praperty" means the property that is described belvw under the heading "Transfer of Rights in the Praperty."
<br />(M) "Loan" means the debt evidenced by the Note, plus interest, any prepayment charges and late charges due under
<br />the Note, and all sums due under this Security lnstrument, plus interest.
<br />(I) "Riders" means all Riders to this 5ecurity Instrument that are executed by Borrower. The following Riders are tp be
<br />executed by Borrower [check box as applicable]:
<br />� Adjustable Fiate Rider 0 Condominium Rider n Second Home Rider
<br />C� Balloan Rider U Planned Unit pevelapment Rider n Other(s) [specify]
<br />� 1-4 Family Rider � Biweekly Payment Rider
<br />0 V.A. Rider
<br />(J) "Applicable Law" means all controlling applicable federal, state and local statutes, regulations, ardinances and
<br />administrative rules and orders (that have the effect of law) as well as all applicable final, non-appealable judicial opinions.
<br />(K) "C�mmunity Association Dues, Fees, and Assessments" means all dues, fees, assessments and other charges
<br />that are imposed on Bvrrawer or the Property by a condominium association, homeowners association or similar
<br />organization,
<br />(L) "Electronic Funds Transfer" means any transfer of funds, ather than a transaction originated by check, draft, or
<br />similar paper instrument, which is initiated through an electronic terminal, telephanic instrument, computer, or magnetic
<br />tape so as to order, instruct, ar authorize a financial institution to debit or credit an accaunt. Such term includes, but is
<br />not limited ta, point-af-sale transfers, autamated teller machine transactions, transfers initiated by telephone, wire
<br />transfers, and automated clearinghvuse transfers.
<br />(M) "Escraw Items" means those items that are described in 5ection 3.
<br />(N) "Miscellaneous Proceeds" means any compensation, settlement, award of damages, or proceeds paid by any
<br />third party (other than insurance praceeds paid und�r the coverages described in Section 5) far; (i) damage ta, or
<br />destructivn af, the Property; (ii) condemnation or other taking of all or any part af the Property; (iii) conveyance in lieu
<br />of condemnation; or (iv) misrepresentations af, ar vmissians as to, the value and/or condition of the Property,
<br />(0) "Mortgage Insurance" means insurance protecting Lender against the nonpayment of, or default on, the Laan.
<br />(P) "Periadic Payment" means the regularly scheduled amount due for (i) principal and interest under the Note, plus
<br />(ii) any amounts under Section 3 of this Security Instrument.
<br />(�) "RESPA" means the Real Estate Settlement Procedures Act (12 U.S.C. §26p1 et seq,) and its implementing
<br />regulation, Regulation X(24 C,F.R. Part 3500), as they might be amended fram time to time, or any additional or
<br />successor legislativn ar regulation that governs the same subject matter. As used in this Security Instrument, "RESPA°
<br />refers to all requirements and restrictions that are imposed in regard ta a"federally related mortgage loan" even if the
<br />Loan does not qualify as a"federally related mortgage loan" under RESPA.
<br />(R) "Successar in Interest of Borrawer" means any party that has taken title to the Property, whether or not that party
<br />has assumed Borrower's obligations under the Note and/or this Security Instrument.
<br />TRANSFER OF RIGH7S IN THE PROP�RTY
<br />The beneficiary of this Security Instrument is MERS (solely as nominee for Lender and Lender's successors and assigns)
<br />and the successors and assigns of MERS. This Security Instrument secures to Lender: (i) the repayment vf the Lvan, and
<br />all renewals, extensions and modifications of the Note; and (ii) the performance of Barrower's covenants and agreements
<br />under this Security Instrument and the Note. For this purpose, Borrower irrevocably grants and conveys to Trustee, in trust,
<br />with pawer of sale, the following described property located in the coUNTY
<br />[Type nf Recording Jurisdiction) �f Hall [Name pf Recording Jurisdiction]:
<br />LOT TWENTY FOUR (24)� BLOCK THREE (3)� OI.,pE MILL SUBDIVISION� TN THE CITY
<br />OF GRAND ISLAND, HALL COUNTY, NEBRASKA.
<br />APN #: 400068044
<br />which Gurrently ha5 th� �ddresS nf 2520 stagecoach Rd, Grand Island,
<br />Nebraska 68801 ("Property Address"):
<br />[Zip Cpde]
<br />[Street] �Gity]
<br />TOGETHER WITH all the impravements nowor hereaftererected vn the praperty, and all easements, appurtenances,
<br />and fixtures now or hereafter a part af the praperty. All replacements and additions shall also be cpvered by this Security
<br />Instrument. All of the foregving is referred to in this Security Instrument as the "Property," Borrower understands and
<br />agrees that MERS holds only legal title to the interests granted by Borrower in this 5ecurity Instrument, but, if necessary
<br />to comply with law or custom, MERS (as nominee far L.ender and Lender's successors and assigns) has the right: to
<br />exercise any or all of those interests, including, but not limited to, the right to fareclase and s�ll the Property; and to take
<br />any action required of Lender including, but not limited to, releasing and canceling this Security Instrument,
<br />BORROWER COVENAN7S that Borrower is lawfully seised pf the estate hereby conveyed and has the right ta grant
<br />and conveythe Prvperty and thatthe Property is unencumbered, exceptfor encumbrances of record. E�arrawerwarrants
<br />and will defend generally thetitleto the Property against all claims and demands, subjectto any encumbrances of record.
<br />NEBRASKA--Single Family--Fannle Mae/Freddie Mac UNIFORM INSTRUMENT Form 3q281/pi Initials: �
<br />C�7 1999-2007 Online ppCUments, Inc. �af�@ 2 Of 9 NE EED 0705
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