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2o11a���s <br />(J) "Community Association Dues, Fees, and Assessments" means all dues, fees, assessments and other charges <br />that are imposed on Borrower or the Properry 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 ternunal, telephonic instrument, computer, or <br />magnetic tape so as to order, instruct, or authorize a financial institution to debit ar credit an account. S�ch term <br />includes, but is not limited to, point-of-sale transfers, automated;teller machine transactions, transfers initiated by <br />telephone, wire transfexs, and automated'clearinghouse transfers. <br />(L) "Escrow Items" means those items that are described in Section 3. <br />(1V� "Miscellaneous Proceeds° means any compensation, settlement, award of damages, or proceeds paicl by any <br />thixd party (other than insurance;proceeds paid under the coverages described in Section 5) for: (i) dannage;to, ox <br />destruction of, the Property; (ii) condemnation or other taking of all or any part of the Property; (iii) conveyance in <br />lieuaf conde�nnation, or (iv) misrepresentations of, or omissions as to, the value and/or condition of the Property. , <br />(N) "Mortgage Tnsurance" 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 Securiry Instrument. <br />(� "RESPA" means the Real Estate Settlement Procedures Act (12 U.S.C. §2601 et seq.) and its implentLenting <br />regulation, Regulation X(24 C.F.R. Part 3500); as they might be amended from time ko time; or any additional ox <br />successor legislaCion or regulation that governs the same subject matter. As used in this Security Instrument, <br />"RESPA ° refers to all requirements and restrictions that axe 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 ar 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 and agreements under ktus Security <br />Instrument and the Note. For thispurpose, Borrower irrevocably grants and conveys to Trustee, in trast, with power <br />of sale, the following deseribed properry locafed in the <br />COUNTY of HALL <br />[Type of Recording Jurisdiction] [Name of Recording Jurisdiction) <br />: LOT 6,>JEFFREY OAKS 5TH SUBDTVISION IN THE CITY OF GRAND ISLAND, <br />HALL CQUNTY,;NEBRASKA <br />which currenfly has the address of 2110 ATL.ANTA ST <br />[Street] <br />GRAND I SLAND , Nebraska 6 8 8 0 3 ("Property Address"): <br />[CitYl [Zip CodeJ <br />TOGETHBR WITH all the improvements now or hereafter erected on the praperty, 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 Inskrument. A11 of the Poregoing is referred to in this Security Instrument as the "Property. ° <br />BORROWBR 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 />enculnbrances of reeord. <br />THIS SBCURITY INSTRUMENT combines wuform covenants for national use and non-uniform covenants with ' <br />Iimited vaxiadons by jurisdiction ta constitute a uniform security instrument covering real property. <br />UNIFORM COVENANTS. Borrower and Lender covenant and agree as follows: <br />1. Payment af 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 Iate <br />chaxges due under the Note. Borrower shall also pay funds for Escrow Items pursuant to Section 3. Payments due <br />under the Note and this Securiry Instrument shall be made in U.S. currency. However, if any check ox 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 subsequenfpayments due under the Note and this Securiry Instnunent be made in <br />NEBRASKA--Single Family--Fannie Mae/Freddie Mac UNiFORM INSTRUMENT DocMaglc� <br />Form 3028 1(01 Page 2 of 11 www.doemagic.com <br />�J L ,�' <br />Ne3028.doC.xrW . �. � �. . � . . � � � � . � . . . � . � . . � . . . . . . . .. � . � . <br />