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201200438
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1/18/2012 8:46:30 AM
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1/18/2012 8:46:30 AM
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DEEDS
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201200438
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201200438 <br />(C) "Lender"isHome Federal Savings and Loan Assn of Grand Island <br />Lender is a Savi ngs and Loan <br />organized and existing under the laws of T h e S t a te o f N e b r a s k a <br />Lender's address is 221 South Locust St Grand I sl and NE 68801- <br />Lender is the beneficiary under this S�urity Instrument. <br />(D) "Trustee" is Arend R Baack, Attorney <br />(E) " Note" means the promissory note signed by Bonower and dated J a n u a r y 13 . 2 012 . The Note <br />states that Bonower owes Lender EIGHTY TWO THOUSAND FOUR HUNDRED AND 00/100 <br />Dollars (U.S. $82 , 400 . 00 ) plus interest. Borrower has promised to pay this debt in regular <br />Periodic Payments and to pay the debt in full not later than F e b r u a r y 1, 2 0 42 . <br />(F) "Property" means the property that is described below under the heading "Transfer of Rights in the <br />Property." <br />(G) "Loan" means the debt evidenced by the Note, plus interest, any prepayment charges and late charges due <br />under the Note, and all sums due under this Security Instrument, plus interest. <br />(H) "Riders" means all Riders to this S�urity Instrument that aze exe,cuted by Borrower. The following Riders <br />are to be executed by Borrower [check box as applicable]: <br />0 Adjustable Rate Rider 0 Condominium Rider 0 Secorni Home Rider <br />0 Bailooa Rides 0 Planne.� Unit Development Rider 0 1-4 Family Rider <br />0 VA Rider 0 Biweekly Payment Ricler � Other(s) [specify] <br />(1) "Applicable Law" means all controlling applicable federal, state and local statutes, regularions, ordinances <br />and administrative rules aIId orders (that have the effect of law) as well as all applicable fina1, non-appealable <br />judicial oginions. <br />(J) "Community Associafion Dues, Fees, and Assessments" means all dues, fces, assessments and other <br />charges that are imposed on Borrower or the Property by a condominium association, homeowners <br />association or similar organization. <br />(K) "Electronic Funds Transfer" means any transfer of funds, other than a transaction originated by check, <br />draft, or similar paper instrument, which is initiated through an electronic terminal, telephonic instrument, <br />computer, or magnetic tape so as to order, instruct, or authorize a financial insriturion to debit or credit an <br />account. Such term includes, but is not limited to, goint-of-sale transfers, automated teller machine <br />transacrions, transfers iniriated by telephone, wire transfers, and automated clearinghouse transfers. <br />(L) "Escrow Items" means those items that are described in Secrion 3. <br />(M) "Miscellaneous Proceeds" means any compensation, settlement, award of damages, or proceeds paid by <br />any third patty (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 condemnation; or (iv) misrepresentations of, or omissions as to, the <br />value and/or condition of the Property. <br />NEBRASKA-Single Family-Fannie Mae/Freddie Mac UNIFORM INSTRUMENT Form 3028 1101 <br />VMP � VMP6(NE) (7105) <br />Walters Kluwer F(nancial Services Page 2 of 17 <br />
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