|
�o��os54s
<br />(C) "Lender" is Union Bank and Trust Company
<br />Lender is a Commercial Bank
<br />organized and existing under the laws of Nebraska •
<br />Lender's address is 4243 Pioneer Woods Drive Lincoln NE 68506-
<br />(D) "Trustee" is Un i on Bank & Trust Company
<br />(E) '2VIERS" is Mortgage Ele,ctronic Registration Systems, Inc. MERS is a separate corporation that is
<br />acting solely as a nominee for Lender and Lender's successors and assigns. MERS is the beneficiary
<br />under this Security Instrument. MERS is organized and elcisting under the laws of Delaware, and has an
<br />address and telephone number of P.O. Box 2026, Flint, MI 48501-2026, tel. (888) 679-MERS.
<br />(� 'TTote" means the promissory note signed by Borrower and dated August 22 , 2011 .
<br />TheNote states that Borrower owes Lender ONE HUNDRED FIVE THOUSAND AND 00/100
<br />Dollars
<br />(U. S. $ 105 , 000 . 00 ) plus interest. Borrower has promised to pay this debt in regulaz Periodic
<br />Payments and to pay the debt in full not later than September 1, 2026 .
<br />(G) 'Property" means the property that is described below under the heading "Transfer of Rights in the
<br />Property."
<br />(� 'Z.oan" means the debt evidenced by the Note, plus interest, any prepayment charges and late charges
<br />due under the Note, and all sums due under this Security Instrument, plus interest.
<br />(n 'Riders" means a11 Riders to this Security Insirument that are executed by Borrower. The following
<br />Riders are to be executed by Borrower [check box as applicable]:
<br />0 Adjustable Rate Rider 0 Condominium Rider 0 Second Home Rider
<br />0 Balloon Rider 0 Planned Unit Development Rider 0 1-4 Family Rider
<br />0 VA Rider 0 Biweekly Payment Rider 0 Other(s) [specify]
<br />(.n "Applicable Law" means a11 controlling applicable federal, state and local sta.tutes, regulations,
<br />ordinances and administrative rules and orders (that have the effect of law) as well as a11 applicable fina1,
<br />non-appealable judicial opinions.
<br />(I� "Community Association Dues, Fees, and Assessments" means a11 dues, fees, assessments and other
<br />charges that are imposed on Borrower or the Property by a condominium association, homeowners
<br />associarion or similar organization.
<br />(L) "Electronic Funds Transfer" means any transfer of funds, other than a transaction originated by
<br />check, draft, or similar paper instrument, which is initiated through an elecironic terminal, telephonic
<br />instrument, computer, or magnetic tape so as to order, instruct, ar authorize a financial institution to debit
<br />or credit an account. Such term includes, but is not limited to, point-of-sale transfers, automated teller
<br />machine transactions, transfers initiated by telephone, wire transfers, and automa.ted clearinghouse
<br />transfers.
<br />(Nn '�scrow Items" means those items that aze described in 5ection 3.
<br />(1� "1VIiscellaneous Proceeds" means any compensation, settlement, awazd of damages, or proceeds paid
<br />by any third pariy (other than insurance proceeds paid under the coverages described in Section 5) for: (i)
<br />damage to, ar destruction of, the Property; (ii) condemnarion or other taking of a11 or any part of the
<br />Property; (iii) conveyance in lieu of condemnation; or (iv) misrepresentarions of, or omissions as to, the
<br />value and/or condition of the Property.
<br />(0) "Mortgage Insurance" means insurance protecting Lender against the nonpayment of, or default on,
<br />the Loan.
<br />11-07-000076
<br />NEBRASKA - Single Family - Fannie Mae/Freddie Mac UNIFORM INSTRUMEN WIT RS
<br />�-6A(NE) �oa�o) Page2 of 15 In ais: Form 3028 1/01
<br />�
<br />. �,(%•
<br />
|