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�p�105103
<br />DOC ID #: 00023550326007011
<br />(I� "Property" means the property that is described below under the heading "Transfer of Rights in the Property."
<br />(G) "Loan" means the debt evidenced by the Note, plus interest, any prepayment charges and late chazges due under the Note,
<br />and all sums due under this Securiry Insirument, plus interest.
<br />(� "Riders" means all Riders to this Securiry Instrument that aze 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 Rider ❑ Planned Unit Development Rider ❑ 1-4 Family Rider
<br />❑ VA Rider ❑ Biweekly Payment Rider ❑ Other(s) [specify]
<br />(n "AppHcable 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 />(� "Community Association Dues, Fees, and Assessments" means all dues, fees, assessments and other chazges that are
<br />imposed on Bonower or the Properry by a condominium association, homeowners association or similaz organization.
<br />(I� "Electronic �5unds Transfer" means any transfer of funds, other than a transac6on originated by check, draft, or similar
<br />paper instrument, which is initiated through an electronic terminal, telephonic instrument, computer, or magnedc tape so as to
<br />order, instruct, or authorize a fmancial institution to debit or credit an account. Such term includes, but is not limited to, point-of-
<br />sale transfers, automated teller machine transactions, transfers initiated by telephone, wire iransfers, and automated clearinghouse
<br />transfers.
<br />(L) "Escrow Items" means those items that aze described in Section 3.
<br />(Nn "Miscellan�ns Proceeds" means any compensation, seltlement, awazd of damages, or pr�eeds paid by any third party
<br />(other than insurance proceeds paid under the coverages described in Section S) for: (i) damage to, or desirucfion of, the Property;
<br />(ii) condemnation or other taking of all or any part of the Properiy; (iii) conveyance in lieu of condemna6on; or
<br />(iv) misrepresentations of, or omissions as to, the value and/or condition of the Property.
<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, plus (ii) any
<br />amounts under Section 3 of this Securiry Instrument.
<br />(P) "RESPA" means the Real Estate Setdement Procedures Act (12 U.S.C. Section 2601 et seq.) and its implementing
<br />regulation, Regulation X(24 C.F.R. Part 3500), as they might be amended from dme to 6me, or any additional or successor
<br />legislation or regulation that governs the same subject matter. As used in this Security Instrument, "RESPA" refers to all
<br />requirements and restrictions that are imposed in regard to a"federally related mortgage loan" even if the Loan does not qualify as
<br />a"federally related mortgage loan" under RESPA.
<br />(� "Successor in Interest of Borrower" means any pazty that has taken tide to the Property, whether or not that party has
<br />assumed Borrower's obligations under the Note and/or this Security Instrumen�
<br />TRANSFER OF RIGHTS IN'TI� PROPERTY
<br />This Security Instrument secures to Lender: (i) the repayment of the Loan, and all renewals, extensions and modifications of the
<br />Note; and (ii) the performance of Borrower's covenants and agreements under this Security Insirument and the Note. For this
<br />purpose, Borrower urevocably grants and conveys to Trustee, in lrust, with power of sale, the following described property located
<br />in the
<br />COUNTY
<br />[Type of Recording Jurisdiction]
<br />of
<br />HALL
<br />[Name of Recordiag JurisdictionJ
<br />LOT FIFTEEN(15), IMPERIAL VILI,AGE THIRD SUBDIVISION TOT HE CITY OF GRAND ISLAND, HALL
<br />COUNTY, NEBRASKA
<br />Parcel ID Number: 4 0 0 0 4 7 6 8 3
<br />1321 SHERIDAN PL, GRAND ISLAND
<br />[StreeUCity]
<br />Nebraska 6 8 8 0 3-2 5 2 3("Property Address");
<br />I�P ��1
<br />which currently has the address of
<br />TOGETI�R WTTH all the improvements now or hereafter erected on the property, and all easements, appurtenances, and
<br />fixtures now or hereafter a part of the property. All replacements and additions shall also be covered by this Security Instrument.
<br />All of the foregoing is referred to in this Security Insirument as the "Property."
<br />BORROWER COVENANTS that Borrower is lawfully seised of the estate hereby conveyed and has the right to grant and
<br />convey the Properly and that the Property is unencumbered, except for encumbrances of record. Bonower warrants and will
<br />defend generally the tide to the Property against all claims and demands, subject to any encumbrances of record.
<br />THIS SECURITY INSTRUMII�TT combines uniform covenants for national use and non-uniform covenants with limited
<br />variations by jurisdiction to constitute a uniform securiry instrument covering real properry.
<br />UNIFORM COVENANTS. Bonower and Lender covenant and agree as follows:
<br />1. Payment of Principal, Interest, Escrow Items, Prepayment Charges, and Late Charges. Borrower shall pay when
<br />due the principal of, and interest on, the debt evidenced by the Note and any prepayment chazges and late charges due under the
<br />Note. Borrower shall also pay funds for Escrow Items pursuant to Sec6on 3. Payments due under the Note and this Security
<br />Instrument shall be made in U.S. currency. However, if any check or other instrument received by Lender as payment under the
<br />NEBRASKA--Single Family--Fannie Mae/Freddle Nlec UNIFORM INSTRUMENT
<br />Form 3028 1/01
<br />Dsed of Trust-NE
<br />2006—NE (05/OS) � Page 2 of 9
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