|
.
<br />) � �: �: �
<br />(� "Community Association Dues, Fees, and Assessments" means all dues, fees, assessments and other charges
<br />that a.re imposed on Borrower or the Property by a condominium association, homeowners association ar similar
<br />organization.
<br />(K} "Elcctronic Funds Transfer" means xny transfer of funds, other than a transaction originated by check, draft,
<br />or similar paper instrument, which is initiated Yhrough an electronic terminal, telephonic instrument, computer, or
<br />magnetic tape so as to order, instruct, or authorize a financial institution to debit or credit an account. Such term
<br />includes, but is not limited 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 are described in Section 3.
<br />(Nn "Miscellaneous Proceeds" means any compensation, settlement, award of damages, or procaeds 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 Property; (ii) condemnation or other taking of all or any part of the Property; (iii) conveyance in
<br />lieu of condemnation; or (iv) misrepresentations of, or omissions as to, the value andJor 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 regularly 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 Rea1 Estate Seftlement 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 />suocessor legislation or regulation that govems the same subject matter. As nsed in this Security Instrument,
<br />"RESPA" refers to all requirements and restrictions that are imposed in regard to a"federally related mortgage loan"
<br />even if the Loan does not qualify as a"federally related mortgage loan" under RESPA.
<br />(Q) "Successor in Interest of Borrower" means any party that has taken title to the Properiy, whether or not that
<br />party has assu.med Borrower's obligations under the Note andlor this Security Instrument.
<br />TRANSFER C1F RIGHTS IN THE PROPERTY
<br />This Security Instrument secures to Lender: (i) the repayment of the Loan, and all renewals, extensions and
<br />modifications of the Note; and (ii) the performance of Bonower' s covenants and agreements under this Security
<br />Instrument and the Note. For this purpose, Bonower irrevocabiy grants and conveys to Trustee, in trust, with power
<br />of sale, the following described property located in the
<br />COUNTY of �,L .
<br />[Type of Recording Jurisdiction] [Name of Recording Jurisdiction]
<br />IUI' 'IG� �2), � SIBDIVISICN� IN � GTl'S.' OF' C�ID �� I�LL Q�1'Y� �AS�
<br />A.PN. : 4(JU 14?7076
<br />which currently has the address of 17 21 W. ANNA S T.
<br />[street]
<br />GRAND I SLAND , Nebraska 6 8 8 0 3
<br />�C�Y) [Zip Code)
<br />("Property Address"):
<br />TOGETHER WITH all the improvements now or hereafter erected on the property, and a11 easements,
<br />appurtenances, and fixtures now or hereafter a part of the property. All raplacements and additiotts shall also be
<br />covered by tlus Security Tnstrument. All of the foregoing is refened ta in this Security Tnstrument as the "Property. "
<br />BORROWER COVENANTS that Bonower is lawfully seised of the estate hereby conveyed and has the right
<br />to grant a.nd convey the Property and that the Property is unencumbered, except for encumbrances of record.
<br />Borrower wanants and will defend generally the title to the Properiy against all claims and demands, subject to any
<br />encumbrances of record.
<br />THIS SECURIfi Y INSTRUMENT combines uniform covenants for national use and non-uniform covenants with
<br />1'united variations by jurisdiction to constitute a uniform security instrument covering real property.
<br />UNIFORM COVENANTS. Borrower and Lender covenant and agree as follows:
<br />1. Payment of Prfncipal, Interest, Escrow Items, Prepayment Charges, and Late Charges. Borrower shall
<br />pay when due the principal of, and interest on, the debt evidenced by the Note and any prepayment charges and late
<br />charges due under the Note. Borrower sha11 also pay funds for Escrow Items pursuant to Section 3. Payments due
<br />undar the Note and this Security Instrument shall be made in U. S. currency. However, if any check or other
<br />instrument received by Lender as payment under the Note or this Security Instrument is returned to Lender unpaid,
<br />Lender may require that any or all subsequent payments due under the Note and this Security Instrument be made in
<br />NEBRASKA--Single Family—Fannie Mas/Freddie Mac UNIFORM INSTRUMENT
<br />Form 3028 1 J01 Page 2 of 11
<br />Ne3028.dota�l �
<br />� �
<br />DocNlagtc �
<br />www,docmaglc.com
<br />
|