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201100511
<br />(C) "Lender" is Bank of the nest, a California state banking corp.
<br />Lender is a corporation
<br />organized and existing under the laws of The State of California
<br />Lender's address is 13505 California St, NE- BBP -LL -P, Omaha, NE 68154
<br />(D) "Trustee" is Bank of the nest, a California state banking corp.
<br />(E) "MERS" is Mortgage Electronic Registration Systems, Inc. MERS is a separate corporation that is
<br />acting solely as a nominee for Lender and Lender's successors and assigns. MERS is the beneficiary
<br />under this Security Instrument. MERS is organized and existing under the laws of Delaware, and has an
<br />address and telephone number of P.O. Box 2026, Flint, M148501 -2026, tel. (888) 679 -MERS.
<br />(F) "Note" means the promissory note signed by Borrower and dated January 14, 2011
<br />The Note states that Borrower owes Lender One Hundred Sixty Thousand Five Hundred And
<br />Zero/100 Dollars
<br />(U.S. $ 160,5oo.00 ) plus interest. Borrower has promised to pay this debt in regular Periodic
<br />Payments and to pay the debt in full not later than February 01, 2041
<br />(t,) "property" means the property that is described below under the heading "Transfer of Rights in the
<br />Property_"
<br />(Ii) "Loan" means the debt evidenced by the Note, plus interest, any prepayment charges and late charges
<br />due under the Note, and all sums due. under this Security Tnstrument, plus interest.
<br />(1) '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 Rate Rider F-1 Condominium Rider 0 Second Home Rider
<br />El Balloon Rider rI Planned Unit Development bider ❑ 1 -4 Family Rider
<br />❑ VA Rider U Biweekly Payment Rider E Other(s) (specify]
<br />(J) "Applicable Law" means all controlling applicable federal, state and local statutes, regulations,
<br />ordinances and administrative rules and orders (that have the effect of lav+) as well as all applicable final,
<br />non - appealable judicial opinions.
<br />(K) "Conununity Association Dues, Fees, and Assessments" means all dues, fees, assessments and other
<br />charges that are imposed on Borrower or the Property by a condominium association, homeowners
<br />association or similar organization.
<br />(L) "Electronic Funds Transfer" 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 to order, instruct, or authorize a financial institution to debit
<br />or credit an account. Such term includes, but is not limited to, point -of -sale transfers, automated teller
<br />machine transactions, transfers initiated by telepbnns, wire transfers, and automated clealinghouse
<br />transfers.
<br />(11I) "Escrow Items" means those items that are described in Section 3.
<br />(N) "Miscellaneous Proceeds" means any comperrsadon, settlement, award of damages, or proceeds paid
<br />by any third party (other than insurance proceeds paid under the coverages described in Section 5) for: (i)
<br />damage to, or destruction of, the Property; (ii) condemnation or other taking of all or any part of the
<br />Property; (iii) conveyance in lieu of condemnation; or (iv) misrepresentations of, or omissions as to, the
<br />value and/or condition of the Property.
<br />(0) "Mortgage Insurance" means insurance protecting Lender against the nonpayment o£, or default on,
<br />the Loan.
<br />8800935201 8800935201
<br />NEBRASKA - Single Family - Fannie Mael Freddie Mac UNIFORM INSTRUMENT WIT MERS
<br />a- _GA(NE)(0810) pqy 20 m�uaie_� >G. Form 302$ 1101
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