|
20�1032�7
<br />(I� "Electronic Funds Transfer" means 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 instnunent, computer, or
<br />magnetic tape so as to order, instruct, or authorize a fmancial institution to debit or cre�lit an account. Such term
<br />includes, but is not limited to, point-of-sate transfers, automated teller machine transactions, transfers initiated by
<br />telephone, wire transfers, and automated clearinghouse transfers.
<br />(L) "Escrow Items" means those items that are described in Section 3.
<br />(Nn "Miscellaneous Proceeds" means any compensation, settlement, award of damages, or proce�s 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 of, the Property; (ii) condemnation or other taking of all or any part of the 1'roperty; (iii) conveyance in
<br />lieu of condemnation; or (iv) misrepresentations of, or omissions as to, the value and/or condition of the Properiy.
<br />(1� "Mortgage Insurance" means insurance pmtecting Lender against the nonpayment of, or default on, the Loan.
<br />(0) "Periodic Payment" means the regulazly scheduled amount due for (i) principal and interest under the Note,
<br />plus (ii) any amounts under Section 3 of this S�urity Instrument.
<br />(P) "RE5PA" 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 tnne 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" refers to a11 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 mortgage loan" under RE5PA.
<br />(� "Successor in Interest of Borrower" 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 Instrument.
<br />TR/�NSFER OF RIGHTS IN THE PROPERTY
<br />This Security Instrument secures to Lender: (i) the repayment of ihe Loan, and all renewals, extensions and
<br />modifications of the Note; and (ii) the performance of Borrower's covenants and agr�ments under this S�urity
<br />Instrument and the Note. For this purpose, Bonower irrevocably grants and conveys to Trustee, in trust, with power
<br />of sa18, the following described property located in the
<br />COUNTY of HALL .
<br />[Type of Recording Jurisdiction] [Name of Recording Jurisdiction]
<br />LOT FIVE (5), IN REGENCY BY THE GREEN SUBDIVISION, IN THE CITY OF
<br />GRAND ISLAND, HALL COUNTY, NEBRA.SKA
<br />A.P.N.: 400082195
<br />which cunently has the address of 2015 STAGECOACH RD
<br />[Slreet]
<br />GRAND ISLAND , Nebraska 68801 ("Properly Address"):
<br />[City] [Zip Code]
<br />TOGETHER WITH all the improvements now or hereafter erected on the property, and a11 easements,
<br />appurtenances, and fixtures now or hereafter a part of the property. All replacements and additions shall 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 encumbrances of record.
<br />Borrower warrants and will defend generally the title to the Properiy against a11 claims and demands, subje.ct to any
<br />encumbrances of record.
<br />THIS SECURITY INSTRUMENT comb'vnes unifortn covenants for national use and non-uniform covenants with
<br />Iimited variations by jurisdiction to constitute a uniform s�urity instrument covering real property.
<br />UNIFORM COVENANTS. Borrower and Lender covenant and agree as follows:
<br />1. Payment of Principal, Inter�t, Escrow Items, Prepayment Charges, and Late Charges. Borrower shall
<br />pay when due the principal of, and interest on, the debt evidenced by the Note and any prepaymettt ckarges and late
<br />charges due under the Note. Bonowar shall also pay funds for Escrow Items pursuant to Section 3. Payments due
<br />under the Note and tYus S�urity Instrument sha11 be made in U.S. currency. Hawever, 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 payments due under the Note and this Security Instrument be made in
<br />one or more of the following forms, as selected by Lender: (a) cash; (b) money 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 fedaral agency, instrumentality, or entity; or (d) Ele,ctronic Funds Transfer. �
<br />�
<br />NEBRASKA--Single Family--Fannie Mae/Freddie Mac UNIFORM INSTRUMENT p�/yBgr/c �
<br />Form 3028 1/01 Page 2 of 11 www.docmagic.com
<br />Na3028.dat.zml
<br />
|