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<br />I111058259
<br />(I� "Loan" means the debt evidenced by the Note, plus interest, any prepayment charges and late charges due under the Note,
<br />and all sums due under this Security Instrument, plus interest.
<br />(I) "Riders" means all Riders to this Security Instrument that are executed by Borrower. The following Riders are to be
<br />executed by Borrower [check box as applicable]:
<br />❑ Adjustable Rate Rider ❑ Condominium Rider ❑ Second Home Rider
<br />� Balloon R.ider ❑ Planned Unit Development Rider ❑ Biweekly Payment Rider
<br />❑ 1-4 Family Rider ❑ Other(s) [specify]
<br />(J) "Applicable Law" means all controlling applicable federal, state and local statutes, regulations, ordinances and
<br />administrative rules and orders (that have the effect of law) as well as all applicable final, non-appealable judicial opinions.
<br />(I� "Community Association Dues, Fees, and Assessments" means all dues, fees, assessments and other charges that are
<br />imposed on Bonower or the Property by a condominium association, homeowners association or similar organization.
<br />(L) "Electronic Funds Transfer" means any transfer of funds, other than a transaction originated by check, draft, or similar
<br />paper instrument, which is initiated through an electronic terminal, telephonic instrument, computer, or magnetic tape so as to
<br />order, instruct, or authoriza a finattcial institution to debit or credit an account. Such term includes, but is not limited to, point-
<br />of-sale transfers, automated teller machine transactions, transfers initiated by telephone, wire transfers, and automated
<br />clearinghouse transfers.
<br />(1Vn "Escrow Items" means those items that are described in Section 3.
<br />(N) "Miscellaneous Proceeds" means any compensation, settlement, award of damages, or proceeds paid by any third party
<br />(other than insurance proceeds paid under the coverages described in Section 5) for: (i) damage to, or destruction of, the
<br />Property; (ii) condemnation or other taking of all or any part of the Property; (iii) conveyance in lieu of condemnation; or (iv)
<br />misrepresentations of, or omissions as to, the value and/or condition of the Property.
<br />(0) "Mortgage Insurance" means insurance protecting Lender against the nonpayment of, or default on, the Loan.
<br />(P) "Periodic Payment" nneans the regularly scheduled amount due for (i) principal and interest under the Note, plus (ii) any
<br />amounts under Section 3 of this Security Instrument.
<br />(Q) "RESPA" means the Real Estata Settlement Procedures Act (12 U.S.C. §2601 et seq.) and its implementing regutation,
<br />Regulation X(24 C.F.R. Part 3500), as they might be amended from time to tirne, or any additional or successor legislation or
<br />regulation that governs the same subject matter. As used in this Security Instrument, "RESPA" refers to all requirements and
<br />restrictions that are imposed in regard to a"federally related mortgage loan" even if the Loan does not qualify as a"federally
<br />related mortgage loan" under RESPA.
<br />(R) "Successor in Interest of Borrower" means any party that has taken title to the Property, whether or not that party has
<br />assumed Borrower's obligations under the Note and/or this Security Instrument.
<br />TRANSFER OF RIGHTS IN THE PROPERTY
<br />The beneficiary of this Security Instrument is MERS (solely as nominee for Lender and Lender's successors and assigns) and
<br />the successors and assigns of MERS. This Security Instrument secures to Lender: (i) the repayment of the Loan, and all
<br />renewals, extensions and modifications of the Note; and (ii) the performance of Bonower's covenants and agreements under
<br />this Security Instrument and the Note. For this purpose, Borrower irrevocably grants and conveys to Trustee, in trust, with
<br />power of sale, the following described properiy located in the COUNTY (Type of Recording Jurisdiction) of HALL (Name of
<br />Recording Jurisdiction)
<br />TEiE NORTH FIFTY (50) FELT OF THS SOIITH TWO HUNDR$D FORTY NINB (249) FELT OF LOT
<br />TWrNTY FIVS (25), COIINTY SUBDIVISION OF THE W83T HALF OF THL SOUTF�3T QIIARTER (W1/2
<br />SW1/4) OF SECTION TFN (10), TOWNSHTP SLEVSN (11) NORTH, RANQB NINE (9) WPST OF TI3Fs
<br />6TH P.M., HALL COUNTY, NEBRASKA
<br />which currently has the address of 940 N CHERRY ST, GRAND ISLAND, NE 68801 ("Property Address").
<br />TOGETHER WITH all the improvements now or hereafter erected on the property, and all easements, appurtenances,
<br />and fixtures now or hereafter a part of the property. All replacements and additions shall also be covered by this Security
<br />NEBRASKA—Single Family—Fannie Mae/Freddie Mac UNIFORM INSTRUMENT
<br />� 338.2 Page Z of 12 Form 30281/Ol
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