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2Q�107312
<br />(C) "Lender"is Union Bank and Trust Company
<br />Lender is a Commerc i a 1 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 Union Bank & Trust Company
<br />(E) '�RS" is Mortgage Electronic Registration Systems, Inc. MERS is a separate carporation 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 existing 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 />(F) "Note" means the proznissory note signed by Bonower and dated September 30 , 2011 .
<br />The Note states that Bonower owes Lender SEVENTY FIVE THOUSAND AND 00/100
<br />. Dollars
<br />(IT. S. $ 75 , 000 . 00 ) plus interest, Borrower has promised to pay this debt in regular Periodic
<br />Payments and to pay the debt in full not later than Oc.tober 1, 2041 .
<br />(G) "Property" means the property that is described below under the heading "Transfer of Rights in the
<br />Property."
<br />(� "Loan" means the debt evidenced by the Note, plus interest, any prepayrnent 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 Insmiment that are executed by Borrower. The following
<br />Riders aze to be exe,cuted by Borrower [check box as applicable]:
<br />0 Adjustable Rate Rider � Condomuuum Rider � Second Home Rider
<br />� Balloon Rider � Planned Unit Development Rider ❑ 1-4 Family Rider
<br />0 VA Rider � Biweekly Payment Rider 0 Other(s) [specify]
<br />(� "Applicable Law" means all controlling applicable federal, state and local statutes, regulations,
<br />ordinances and administrative rules and orders (that have the effe�t of law) as well as all 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 Bonower or the Property by a condominium association, homeowners
<br />association or similar organization.
<br />(L) '�lectronic Funds Transfer" means any transfer of funds, other than a transaction origina.ted by
<br />check, draft, or similaz paper instrument, which is initiated througb an electronic tetminal, telephonic
<br />instrument, computer, or magnetic tape so as to order, instruct, or authorize a financial institution to debit
<br />or credit an account. Such term includes, but is not limited to, point af-sale transfers, automated teller
<br />machine transactions, transfers initiated by telephone, wire transfers, and automated clearinghouse
<br />transfers.
<br />(1Vn '�scrow Items" means those items that are described in Section 3.
<br />(1� "Miscellaneous Proceeds" means any compensation, settlement, award of damages, or proceeds paid
<br />by any third parly (other than insurance proceeds paid under the coverages described in Section 5) for: (i)
<br />damage to, or destruction of, the Property; (ii) condemnation or other taking of all or any part of the
<br />Property; (iii) conveyance in lieu of condemnarion; or (iv) misrepresentations of, or omissions as to, tha
<br />value and/or condition of the Property.
<br />(0) '7VIortgage Insurance" means insurance protecting Lender against the nonpayment of, or default on,
<br />the Lo�,
<br />11-08-000310
<br />NEBRASKA -Single Family-Fannie MaelFreddie Mac UNIFORM INSTRUMENT WITH ME /��
<br />�-BA(N� (oe10) Page 2 ot 15 Initiais: �/ � Form 3028 1/01
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