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<br />20f101630
<br />(� "Applicable Law" means all controlling applicable federal, state and local statutes, regulations, ordinances and
<br />adminis�arive rules and orders (that have the effect of law) as well as all applicable final, non-appealable judicial
<br />opinions.
<br />(I� "CommuniTy Associat[on Dues, Fees, and Assessments" means all dues, fees, assessments and other charges
<br />that are imposed on Borrower or the Properry by a condominiutn associadoq homeowners association or similar
<br />organization.
<br />(L) '�lectronic Funds Transfer" means any transfer of funds, other than a transaction originated by check, draft,
<br />or snnilaz paper instrument, which is initiated through an elech•onic terminal, telephonic instrument, computer, or
<br />magnetic tape so as to order, instruct, or aWhorize a financial institution to debit or credit an accounk Such term
<br />includes, but is not limited to, point-of-sale transfers, sutomated teller machine transactions, kansfers initiated by
<br />telephone, wire transfers, aad automated cleazinghouse transfers.
<br />(11� "Escrow Items" means those items that aze described i� Section 3.
<br />(1V) "Miscellaneous Proceeds" means any compensarion, settlement, award of dazuages, or proceeds paid by any
<br />third parry (other than insurance proceeds paid under the coverages described in Section 5) for: (i) damage to, or
<br />destruction of, the Property; (ii) condemnation or other taki¢g of all or any part of the Property; (iii) conveyance in
<br />lieu of condemnation; or (iv) misrepresentations of, or omissions as to, the value and/or condi6on of the Properry.
<br />(0) "Mortgage Tnsurance" means insurance protecting Lender against the nonpayment of, or default on, the Loan.
<br />(P} 'Periodic Payment" means the re�ulazly scheduled amount due for (i) principal and interest under the Note,
<br />plus (ii) any aznounts under Sectian 3 of this Security Instrument.
<br />(Q) "RESYA" 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 tune to tune, or any additional or
<br />successor legislation or regulalion that governs the same subject matter. As used in this Security Instrument,
<br />"RESPA" refers to al] requirements and restrictions that are imposed in regard to a"federally related mortgage loan"
<br />even if the Loan does not qualify as a"federally related moRgage loan" under RESPA.
<br />(R) "Successor ia lnterest of Borrower" means any party tk�at has taken tifle to the Property, whether or not that
<br />pazry has assumed Borrower's obligations under ihe Note and/or this Security Inshument.
<br />TRANSFER OF RIGHTS IN THE PROPERTY
<br />The beneficiary of this Security Instiument is MERS (solely as nominee for Lender and Lender's successors and
<br />assigns) and the successors and assigns of MERS. This Security Instrument secures to Lender: (i) the repayment of
<br />the Loan, and all renewels, extensions and modifica6ons of the Note; and (ri) the performance of Bonower's
<br />covenants and agreements under tlus Security Iastrument and the Note. For ttus putpose, Borrower irrevocably grants
<br />and conveys to Trustee, in trust, with power of sale, the following described property located in the
<br />COUNTY of HALL •
<br />['fype of Rxording Jurisdictio¢] [Name of Rxording Jurisdiction]
<br />LOT SIX (6}, IN WALKER'S SUBDIVISION, AN ADDITION TO THE CITY OF
<br />GRAND ISLAND, HALL COUNTY, NEBRASKA, EXCEPTING A CERTAIN TRACT OF
<br />GROUND SHOWN IN WARRANTY DEED RECORDED IN THE REGISTEI2 OF DEEDS
<br />OFFICE AS DOCLiMENT NO. 82-004121.
<br />A.P.N.: 400105519
<br />which currently has the address of
<br />GRAND ISLAND
<br />[��tr]
<br />908 EAST BISMARK ROAD
<br />[Slreet]
<br />, Nebraska 6 8 8 O 1 ("Property Address"):
<br />[Zip Code]
<br />TOGETHLR WITH a11 the improvements now or hereafter erected on the properry, and all easements,
<br />appurtenances, and fixtures now or hereafter a pazt of the property. All replacements and additions shall also be
<br />covered by this Secwity Instrument. All of the foregoing is referred to in this Security Instrument as the "Property. "
<br />Borrower understands and agrees ttiat MHRS holds only legal Htle to the interests granted by Borrower in tlus Security
<br />Instrument, but, if necessaty to comply with law or custom, MERS (as nominee for Lender and Lender' s successors
<br />and assigns) has the right: to exercise any or all of those intetests, including, but not limited to, the righf to foreclose
<br />and sell the Property; and to take any action required of Lender including, but not limited to, releasing and canceling
<br />this Security Instrument
<br />BORROWER COVENANTS that Borrower is ]awfully seised of the estate hereby conveyed and has the right
<br />to gant and convey the Property and that the Property is unencumbered, eaccept for encumbrances of record
<br />Borrower warrants and will defend generally the title to the Property against all claims and demands, subject to any
<br />encumbrances of record.
<br />Borrower
<br />Form 3028 1
<br />Mac UNIFORM INSTRUMENT - MERS
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