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2011Q785�
<br />(.n "Community Association Dues, Fees, and Assessmenta" means all dues, fees, assessments and other charges
<br />that are imposed on Borrower or the Property by a condominium association, homeowners association or similar
<br />organization.
<br />(I� "Electronic Funds Transfer" means any transfer of funds, other than a transaction originated by check, draft,
<br />or similar paper instrument, which is initiated through 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 proceeds paid by any
<br />third party (other than insurance proceeds paid under tha 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 andlar 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 Real Estate Settlement Procedures Act (12 U.S.C. §2601 et seq.) and its implementing
<br />regulation, Regulation X(24 C. F. R. Part 3 500), as they mi.ght be amended from time to time, or any additional or
<br />successor legislation or regulation that govems the same subject matter. As used in this Security Instzument,
<br />"RESPA" refers to all requirements and restrictions that are imposed in regard to a"fedarally related mortgage laan"
<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 Bonower' 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, extensians and
<br />modifications of the Note; and (ii) the performance of Bonower's covenants and agreements under this Security
<br />Instrument and tha Note. For this purpose, Borrower irrevocably grants and conveys to Trustee, in trust, with power
<br />of sale, the following described praperty located in the
<br />COUNTY of HALL •
<br />[Type of Recording Jurisdicticm] [Nasne of Recording durisdickion]
<br />ICS!' 28� V�T HQQ�S 42Ei St�1VrSICN� C�'IY C�E' C3�ID ISI�]D, HALL Ct�1VTY, AF�3A.�.
<br />A.PN.: 400166496
<br />which currently has the address of 1304 BR�NDING IRON LN
<br />(scceet]
<br />GRAND I S LAND , Nebraska 6 8 8 0 3 (" Property Address"):
<br />�Crt [Zip CodeJ
<br />Ne3028.dat�l
<br />TOGETHER WITH all 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 the 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 />encumbrances of recard.
<br />THIS SECURIT Y 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. Borrower and Lender covenant and agree as follows:
<br />1. P�yment of Principal, 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 shall also pay funds for Escrow Items pursuant to Sectian 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 returned to Lender unpaid,
<br />Lender may require that any or all subsequent payments due under the Nate and this Secuxity Instrument be made in
<br />NEBRASKA—Single Family--Fannie Mae/Freddie Mac UNIFQRM INSTRUMENT
<br />Form 3028 1/01 Page 2 of 11
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