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201103�23
<br />11110S80S7
<br />(H} "Loan°' means the debt evidenced by the Note, plus interest, any prepayment aharges and late charges dne under the Note,
<br />and all sums due under this Security Iastrument, plus interest. �
<br />(� "Rf ders" means a11 Riders to this Security Instntment that are executed by Borrower. The following Riders are to be
<br />executed by Bonowez [check box as applicable]:
<br />❑Adjustable Rate Rider p Condominiwn Rider 0 Second Home Rider
<br />� Balloon'Rider ❑ Planned Unit Developmeat Rider C7 Biweekly Paymeat Rider
<br />❑ 1-4 Family Rider ❑ Other(s) [sPecify] '
<br />(� "Applicable Law" means all controlling applicable federal, state and locai statutes, regulations, ordinances and
<br />administrative rules attd orders (that bave t6e effect of law) as well as alt appticable fmal, non-appealable judicial opinions.
<br />{K} "Commnnity Associatioa Dues, Fees, �nd Assessmeats" means a�l dues, fees, assessments and other charges that aze
<br />imposed on Borrower or the 1'roperty by a cottdominium association, homeowners association or similar ozganization �
<br />(L) "Electronic Funds Transfer" means any iransfer of fimds, other than a transackioa originated by check, draft, or similar
<br />paper instrument, which is initiated throngh an elecironic terminal, telephonic instrument, computer, or magnetic tape so to
<br />order, instruct, or authorize a fsnancial institution Yo debit•or credit an accouat Such terin includes, but is not limited to, point-
<br />of-sale transfers, automated tellex machiae h�ansactions, transfers initaated by telephone, wire transfers, and automated
<br />clearinghouse transfers.
<br />{M} "Escrow Items" means those items that are described in Section 3.
<br />(1V) "Mfscellaneons Proceeds" means any compeasation, settlemant, award of damages, or proceeds paid by any third,party
<br />(other than insurance proceeds paid under the coverages deseribed in Sectioa 5) for. (i) damage to, or destruction o� the
<br />Properl}; (ii) coademnation or other ta.ldng of all or any part of the Property; (rii) conveyance in lieu of condemnation; or ('rv}
<br />misrepresentations o� or omissions as to, the value and/or condition of the Property. .
<br />(0) "Mortgage Iasurance" means insurance protectmg Lender against ttie nonpayment o� or•default on, the Loaa:
<br />(P) "Periodfc �'ayment" means fhe regularly scheduled amount due for (i} principal and interest under tbe Note, plvs ('n'} any
<br />amounts under Section 3 of this Security Instrumen�
<br />(Qj "RLSPA" means the Reat Estat� Settleuient Procedures Act {22 U.3.C. �§2601 et seq.) and its implementing regulation,
<br />Regulation X{24 C.F.R. Part 3500), as they might be amended from time to time, or any additional or succesaor legisla.tion or
<br />regulation that governs the same subject matter. As used ia this Security Instrument, "RESPA" refers to all requirements. and
<br />restrictions #hat are imposed in regard to a"feder�illy ralaf.ed mortgage loan° even if the Loan daes not qualify as a"federally
<br />retated mortgage loan" vader RESPA. .
<br />(R} "Snccessor in Interest af Borrower" means any party that has talcett title to the Property, whether or not that pazty has
<br />assumed Borrower's obligations under the Note and/or this Security Instrument -
<br />TRAIVSFER OF RIGHTS IN THE PROPERTY'
<br />Tlie beneficiary of this Security Instr�ment is MERS (solely as nominee for Lender and Leader's succesaors and assigns) and
<br />the sucoessors and assigas of MERS. Tlus Security Instrument secures to Lender: (i) the repayment of the Loan, and alI
<br />renewals, extensions and modi�cations of the Note; and (u) the performance of Borrower's covenants and •agreement� uader
<br />ttcis 5ecurity Instmment and the Note. For this purpose, Bonowez irrevocably graats and coaveys to Trustee, in laust, with
<br />power of sa1e, the following described property, lacated in the COIINTY (�'ype of Recording Jurisdictioa) of HALi, (Name of
<br />Recordi.ng 7urisdicrion) �
<br />LOT FOIIRT88N. {�,�) , IN SLOCR T8R2�L (3) , IN' VALLEY VIS'i�T 8VBb3V2SI0N, TN TSE. CITY' OF
<br />QRAND ISLAND� HALL CDIINTY NESRASXA
<br />which.cuirrentlylaastheaddressof1030 8 PsoENiB Av�,� G1t�tu'� IsLANn, I�: 68so1("PmperiyAddress").
<br />TOGETHEIt WITH a1I the improvements now or fiereafter erected on the property, and a11 easements, appurtenances,
<br />and fixtures now or hereafter a part of the pmperty. Alt replacements and additions shall also be oovered by this Security
<br />Instrument All of the foregoing is referred to in ttris Secuxity Instrument as the "Property." Boriower understands aad agrees
<br />that MERS hold only legal title to the interests granted by Boaower•in this Security Instnunent, but, if necessary to comply
<br />r�aRasxa--s��a F�y F�nn�e ma�aa�a �� unm�o� nvsTxnn�rrr
<br />+� 338.2 • . Page 2 of 12
<br />Form 30281/Ol
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