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201107451
<br />(.n "Commnnity AssoclaHon Dnes, Fees, and Assessments" means all dues, fees, assessments and other charges
<br />that are imposed on Borrower or the Property by a condominium associarion, homeowners associarion or similar
<br />organization.
<br />(IC) "Electronic Fnnds Transfer" means eny transfer of funds, other than a transaction originated by check, draR,
<br />or similar paper instrument, which is initiated through an electronic terminal, telephonic instrument, computet, 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 uansfers, automated teller machine transactions, transfers initiated by
<br />telephone, wire uansfers, and sutomated clearinghouse transfers.
<br />(L) "Escrow Items" means those items that aze described in Section 3.
<br />(Nn "Miscellaneous Proceeda" means any compensation, settlement, awazd of damages, or proceeds 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 We Property; (iii) conveyance in
<br />lieu of condemnation; or (iv) misrepresentations of, or omissions as to, the value and/or condirion of the Property.
<br />(1� "Mortgage Insnrance" means insurance protecting Lender against the nonpayment of, or default on, the Loan.
<br />(0) "Periodic Paymeat" 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) '7tESPA" means the Real Estste Settlement Procedures Act (12 U.S.C. §2601 et seq.) and its implemen6ng
<br />regulation, Regulation X(24 C.F.R. Part 3500), as they might be amended &om time tn time, or any additional or
<br />successor legisla6on or regulation that govems the same subject matter. As used in this Security Inatrument,
<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 Property, whether or not that
<br />party has assumed Borrower's obligations under the Note and/or this Security Instrument.
<br />TRANSFER OF 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 Borrower's covenants end agreements under this Security
<br />Insuument and the Note. For this purpose, Borrower inevocably grants and conveys to Trustee, in trust, with power
<br />of sale, the following described property located in the
<br />. COUNTY of HALL •
<br />[Type of Racording Jurisdiction] [Nama of Recording Jwiediction]
<br />LOT NINE (9), AMERICAN INDEPENDENCE SUBDIVISION, IN THE CITY OF
<br />GRAND ISLAND, HALL COUNTY, NEBRASKA
<br />which currently has the address of 1422 INDEPENDENCE AVE .
<br />(saeetJ
<br />GRAND ISLAND , Nebraska 68803 ("PropertyAddress"):
<br />���� [Zip Code]
<br />TOGETHER WITH al] the improvements now or hereafter erected on the property, and all easements,
<br />appurtenances, and fixtures now or hereafter a part of the property. All replacements and additions shall also be
<br />covered by this Security Instrument. All of tha foregoing is referred to in this Security Instrument as the "Property."
<br />BORROWER COVENANTS that Borrower is lawfully seised of the estate hereby conveyed and has the right
<br />to grant and convey the Property and that the Property is unencumbered, except for encumbrances of record
<br />Borrower warrants and will defend generally the title to the Property against all claims and demands, subject to any
<br />encumbtances of record.
<br />THIS SECURITY INSTRUMENT combines uniform covenants for national use and non-uniform covenants with
<br />limited variations by jurisdiction to constitute a uniform security instrument covering real property.
<br />UNIFORM COVENANTS. Bonower and Lender covenant and agree as foUows:
<br />1. Paymeat of Priacipal, Interest, Escrow Items, Prepaymeat Charges, aad Late Charges. Borrower shall
<br />pay when due the principal of, and interest on, the debt evidenced by the Note and eny prepayment charges and late
<br />charges due under the Note. Borrower shall also pay funds for Escrow Items pursuant to Section 3. Payments due
<br />under 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 retumed to Lender unpaid,
<br />Lender may require that any or all subsequent payments due under the Note and this Security Insuument be made in
<br />NEBRASKA--Single Family—Fannie MaelFreddie Mac UNIFORM INSTRUMENT p�/ag/��
<br />Form 3028 1/01 Paga 2 oi 11 www.doanaHlc.com
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