201205033 - Laserfiche WebLink

Browse

2012050 (C) "Lender"isHome Federal Savings and Loan Assn of Grand Island Lender is a Savi ngs and Loan organized and existing under the laws of Th e St at e o f Ne b r a s k a Lender's address is 221 South Locust St Grand I sl and NE 68801- Lender is the beneficiary under this Security Instrument. (D) "Trustee" is Arend R Baack, Attorney (E) "Note" means the promissory note signed by Borrower and dated J u n e 12 . 2 012 . The Note states that Borrower owes Lender ONE HUNDRED SEVEN THOUSAND AND 00/100 Dollars (U. S. $10 7, 0 0 0. Q 0 ) plus interest. Borrower has promised to pay this debt in regular Periodic Payments and to pay the debt in full not later than J u 1 y 1, 2 0 2 7 . (� "Property" means tfi� property that is described lxlow under the heading "Transfer of Rights in the ProPert3'. � (G1 "Loan" means the debt evidenced by the Note, plus interest, any prepayment charges and late charges due under the Note, and all sums due under this Se,curity Instrument, glus iaterest. (H) "Ridess" means alt Riders to this Security Instrument that are executed by Borrower. The following Riders are ta be executed by Bflrrower [ch�k tmx as applicablej: Q Adjustable Irate Rider 0 Condom�ium Rider � Second Home Rider 0�alToon Rider 0 Plann�t Unit Develapment Rider 0 I-4 Family Rider 0 VA Rider 0 Biweekly Payment Rider Q Other(s) IspecifY} q? "Applicable Law° means all controlling applicable federal, state and local stariites, regulations, ordinances and administrative rutes and orders (that have the effect of law) as well as all applicable final, non-appealable judicial opinions. (J) "Community Assaciatian Dues, Fees, a�d Assessments" means all dues, fees, assessments and other chazges that are imposed on Borrower or the Progerty by a condomimum associarion, homeowners associarion or similaz organizarion. (KI "Electronic Funds Transfer" means any transfer of funds, other than a transaction originated by check, draft, or similar paper instrument, which is initiated through an electronic terminal, telephonic instrument, computer, or magneric tape so as to order, instruct, or authorize a financial institurion to debit or eredit an account. Such term includes, but is not limited to, point-of-sale transfers, automated teller machine transactions, transfers iniriated hy telephone, wire transfers, and automatefl clearinghouse transfers. (L) "Escrow Items" means those items that are described in Section 3. (M) "Miscellaneous Proceeds" means any compensation, settlement, awazd of damages, or proceeds paid by any third party (other than insurance proceeds paid under the coverages described in Section 5) for: (i) damage to, or destruction of, the Property; (ii) condemnation or other taldng of all or any part of the Property; (iii) conveyance in lieu of condemnarion; or (iv) misrepresentations of, or omissions as to, the value and/or condition of the Property. NEBRASKA-Single Family-Fannie MaelFreddle Mac UNIFORM INSTRUMENT Form 3028 1l01 VMP � VMP6(NE) (1105) Wolters Kluwer Financial Services Pape 2 of 17