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20�10�1�0
<br />DOC ID #: 00024066407409011
<br />(G) "Property" means the property that is described below under the heading "Transfer of Rights in the Property."
<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 />(n "Riders" means all Riders to this Security Insh�ument that are executed by Borrower. The following Riders are to be
<br />executed by Bonower [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 "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 associaflon, 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 authorize a financial institution to dehit 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 transfers, and automated clearinghouse
<br />transfers.
<br />(iVn "Escrow Items" means those items that are described in Seclion 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 destntction of, the Property;
<br />(ii) condemnatlon or other taking of all or any part of the Property; (iii) conveyance in lieu of condemnation; or
<br />(iv) 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" means 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 Fstate Settlement Procedures Act (1Z 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 &om time to time, 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 resMcttons 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 />(R) "Successor in Interest of Borrower" means any party that has taken fltle 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 beneflciary of this Security Instrument is MERS (solely as nominee for Lender and Lender's successors and assigns) and the
<br />successors and assigns of MERS. This Security Instrument secures to Lender: (i) the repayment of the Loan, and all renewals,
<br />extensions and modifications of the Note; and (ii) the performance of Borrower's covenants and agreements under this Security
<br />Instrument and the Note. For this purpose, Bonower in•evocably grants and conveys to Trustee, in trust, with power of sale, the
<br />following described property located in the
<br />COUNTY of �L •
<br />[Type of Recording Jurlsdictlon� [Name of Recording Jurisdictlon]
<br />SEE EXHIBIT "A" ATTACHED HERETO AND MADE A PART HEREOF.
<br />Parcel ID Number 4 0 015 7 3 0 6
<br />4329 KAY AVE, GRAND ISLAND
<br />[Str�UCityJ
<br />Nebraska 6 8 8 0 3-14 2 6 ("Property Address") :
<br />[Zip Code]
<br />which ciurendy has the address of
<br />TOGETHER WITH all the improvements now or hereafter erected on the property, and all easements, appurtenances, and
<br />f�tures 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 refened to in this Secnrity Instrument as the "Property." Bonower understands and agrees that MERS holds
<br />only legal title to the interest granted by Borrower in this Security Instrument, but, if. necessary to comply rvith law or custom,
<br />MERS (as nominee for Lender and Lender's successors and assigns) has the right: to exercise any or all of those interests,
<br />including, but not limited to, the right to foreclose and sell the Property; and to take any action required of Lender including, but
<br />not limited to, releasing and canceling this Securlty Instrument.
<br />BORROWER COVENANTS that Borrower is lawfully seised of the estate hereby conveyed and has the right to grant and
<br />convey the Property and that the Properly is unencumbered, except for encumbrances of record. Bonower wanar►ts and will
<br />defend generally the tide to the Property against all claims and demands, subJect to any encumbrances of record.
<br />THIS SECURITY INSTRUMENT combines uniform covenants for national use and non-imiform covenants with limited
<br />variations by jurisdiction to constitute a uniform security instrument covering real property.
<br />NEBRASKA—Single Family—Fannie Mae/Freddie Mac UNIFORM INSTRUMENT (MERS) Form 3028 1/01
<br />MERS Deed of Trust-NE
<br />2006A-NE (08/08) Page 2 of 9
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