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<br />(I� "Electronic Fuuds Transfer" means any transfer of funds, other than a transaction originated by check, draft,
<br />or similar paper instsument, which is initiated through an electronic terminal, telephonic instrument, computer, or
<br />magnetic tape so as to order„ instruct, or authorize a fmancial institution to debit or credit an account. Such term
<br />includes, but is not liznited to, point-of-sale transfers, automated teller machine transactions, transfers initiated by
<br />telephone, wire transfers, and automated clearinghouse transfers.
<br />(L) "Escrow Items'! means those items that aze described in Section 3.
<br />(1V� "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 of, the Prbperly; (ii) condemnation or other taking of a11 or any part of the Property; (iii) conveyance in
<br />lieu of condemnation; or (ivJ misrepresentations of, or omissions as to, the value and/or condition of the Properly.
<br />(1� "Mortgage Insurance" means insurance protecting 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 Security 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" refers to a11 requirements and restrictions that are imposed in regazd to a"federally related mortgage loan"
<br />even if the Loan does not qu�alify as a"federally related mortgage loan" under RESPA.
<br />(� "Successor in I�►terest of Borrower" means any party that has taken title to the Property, whether or not that
<br />parly has assumed Borrowe�'s obligations under the Note and/or this Security Instrument.
<br />TRANSFER OF RIGHTS IN THE PROPERTY
<br />This Security Instrument s�cures to Lender: (i) the repayment of the Loan, and a11 renewals, extensions and
<br />modifications of the �Tote; and (ii) the performance of Borrower's covenants and agreements under this Security
<br />Instrument and the Note. For this purpose, Bonower irrevocably grants and conveys to Trustee, in trust, with power
<br />of sale, the following descriibed property located in the
<br />COUNTY of HALL .
<br />[Type of Recording Jurisdiction] [Name of Recording Jurisdicdon]
<br />LOT SEVEN (7), NlORNINGSIDE ACRES THIR:D SUBDIVISION, IN THE CITY
<br />OF GRAND ISLAND COUNTY, NEBR.ASKA
<br />A.P.N.: 4004'49471
<br />which currently has tb.e address of 17 0 3 ALLEGHENY CIRCLE
<br />GRAND � S LAND , Nebraska 6 8 8 01
<br />[City] [Zip Code]
<br />[Street]
<br />("Property Address"):
<br />TOGETHER WITH �11 the improvements now or hereafter erected on the property, and all easements,
<br />appurtenances, and fixtures now or hereafter a part of the property. All replacements and additions sha11 also be
<br />covered by tYvs Secunity Insjtrument. All of the foregoing is referred to in this Security Instrument as the "Property."
<br />BORROWER �OVENANTS 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 at'id wi1D defend generally the title to the Property against all claims and demands, subject to any
<br />encumbrances of recqrd.
<br />THIS SECURITY IN3TRUMENT combines uniform covenants for national use and non-uniform covenants with
<br />limited variations by,jurisdiction to constitute a uniform security instrument covering real property.
<br />UNIFORM CIOVEIyIANTS. Borrower and Lender covenant and agree as follows:
<br />1. Payment a;� Prin�ipal, Interest, Escrow Items, Prepayment C�arges, and Late Charges. Bonower shall
<br />pay when due the pri�ncipal'of, and interest on, the debt evidenced by the Note and any prepayment charges and late
<br />chazges due under the Note. Bonower shall also pay funds for Escrow Items pursuant to Section 3. Payments due
<br />under the Note and �this Security Instnunent sha11 be made in U.S. curtency. However, if any check or other
<br />instrument r�eived l�y I.ender as payment under the Note or this Security Instrument is returned to Lender unpaid,
<br />Lender may require that an�y or a11 subsequent payments due under the Note and this Security Instrument be made in
<br />one or more of the followin� forms, as selected by Lender: (a) cash; (b) money order; (c) certi�ed 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,',instrutnentality, or entity; or (d) Electronic Funds Transfer.
<br />NEBRASKA--Single Family--F�nnie Mae/Freddie Mac UNIO g 21oS1RUMENT DocM�oc`mag1�
<br />Form 3028 1 /01 '
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