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�01108863
<br />(.n "Community Association Dues, Fees, and Assesaments" means all dues, fees, assessments and other charges
<br />that are imposed on Bonower or the Property by a condominium association, homeowners association or similar
<br />organization.
<br />(I� "Electronic Funds Traasfer" 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, autornated teller machine transactions, transfers initiated by
<br />telephone, wire transfers, and automated clearinghouse transfers.
<br />(L) "Eacrow Items" means those items that are described in Section 3.
<br />(1Vn "Miacellaneous Proceeds" means any compensation, settlement, award of da.mages, 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 the Property; (iii) conveyance in
<br />lieu of condemnation; or (iv) misrepresentations of, or omissions as to, the value andJor condition of the Property.
<br />(1� "Mortgage Insurance" means insurance protecting Lender against the nonpayment of, or default on, the Loan.
<br />(0) "PerYodic 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 Rea1 Estate Settlement Procedures Act (12 U.S.C. §2601 et seq.) and its implementing
<br />regulation, Regulation X(24 C.F.R. Part 3500), as they might 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 Insmament,
<br />"RESPA" refers to all requirements and restrictions that are unposed 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) "Succesaor in Interest of Borrower" means any pariy that has taken title to the Property, whether or not ihat
<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 Ittstrument secures to Lender: (i) the repayment of the Loan, and all renewals, extensions and
<br />modifications of the Note; and (ii) the performance of Bonower's covenants and agreements under this Security
<br />Instrument and the Note. For this purpose, Bonower irrevocably grants and conveys to Trustee, in trust, with power
<br />of sale, the following described property located in the
<br />COUNTY of HALL •
<br />['i'ype of Racording Jurisdiction] [Name of Racording Juriadiction]
<br />LOT 3, BLOCK 3, WOODLAND PARK FOURTH SUBDIVISION, IN THE CITY OF
<br />GR�ND ISLAND HALL COUNTY, NEBRASKA.
<br />A.P.N.: 400�4�L9195
<br />which currently has the address of 413 9 I OWA AVE .
<br />[3treet]
<br />GRAND I S LAND , Nebraska 6 8 8 0 3 (" Property Address"):
<br />[City] [Zip Code]
<br />�
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<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 Bonower 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 record.
<br />THIS SECURITY INSTRUMENT combines uniform covenants for national use and non-uniform covenants with
<br />limited variations by jutisdiction to constitute a uniform security instrument covering real property.
<br />UNIFORM COVENANTS. Bonower and Lender covenant and agree as follows:
<br />1. Payment of Princfpal, Interest, Escrow Items, Prepayment Charges, and Late Charges. Bonower 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. Bonower 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 returned to Lender unpaid,
<br />Lender may require that any or all subsequent payments due under the Note and this Security Instrument be made in
<br />NEBRASKA—Single Family—Fannie Mae/Freddia Mac UNIFORM INSTRUMENT
<br />Form 3028 1/01 Page 2 of 11
<br />DodNag/� �
<br />www.docmaglc.com
<br />� Y/
<br />Ne3028.dot.�anl
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