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201200880
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Last modified
2/3/2012 8:44:43 AM
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2/3/2012 8:44:43 AM
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201200880
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2012008�0 <br />(C) "Lender"isHome Federal Savings and Loan Assn of Grand Island <br />Lender is a Savi ngs and Loan <br />organizefl and elcisting under the laws of T h e S t a t e 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 Security Instrument. <br />(D) "Trustee" is Arend R Baack. Attorney <br />(E) "Note" means the promissory note signed by Borrower and dated F e b r u a r y O 1, 2 012 . The Note <br />states that Borrower owes Lender ONE HUNDRED THIRTY THOUSAND AND 00/100 <br />Dollars (U. S. $13 0, 0 0 0. 0 0 ) plus interest. Bonower has promised to pay ttus debt in regulaz <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 evidence� by the Note, plus interest, any prepayment chazges and late charges due <br />under the Note, and all sums due under this �curity Instrument, plus interest. <br />iH) "Riders" means all Riders to this Security Instrument that are executed by Borrower. The following Riders <br />are to be executeri by Bonower [check box as applicable]: <br />� Adjustable Rate Rider � Condominium Rider � 5econd Home Rider <br />� Balloon Rider � Planned Unit Development Rider � 1-4 Family Rider <br />0 VA Rider � Biweekly Payment Rider � Other(s) [specify] <br />p1 "Applicable Law" means all controlling applicable federal, state and local statutes, regulations, ordinances <br />and administrative rules and orders (that have the effect of law) as well as all applicable final, non-appealable <br />judicial opinions. <br />(J) "Community Association Dues, Fees, and Assessments" means all dues, fees, assessments and other <br />chazges that aze imposed on Bonower or the Property by a condominium association, homeowners <br />associarion or similar organization. <br />(K) "Electronic Funds Transfer" means any transfer of funds, other than a transaction originated by ch�k, <br />draft, or similar paper instrument, which is initiated through an electronic temunal, telephonic instrument, <br />computer, or magnetic tape so as to order, instruct, or authorize a financial institution to debit or credit an <br />account. Such term includes, but is not limited to, point-of-sale transfers, automated teller machine <br />transactions, transfers initiated by telephone, wire transfers, and automated clearinghouse transfers. <br />(L) "Escrow Items" means those items that are described in Section 3. <br />(M) "Miscellaneous Proceeds" means any compensation, settlement, awazd of damages, or proceeds paid by <br />any third pariy (other than insurance proceeds paid under the coverages described in 5ection SJ for: (i) <br />damage to, or destruction of, the Properly; (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 7/01 <br />VMP � VMP61NE) (1106) <br />Wolters Kluwer Financial Services Page 2 of 17 <br />
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