200207491 - Laserfiche WebLink

Browse

(C) "Lender "is Commercial Federal Mortgage Corp. 200207491 Lender is corporation organized and existing under the laws of The Sta Le of Nebraska Lender's address is 13220 California St., Omaha, NF 68154 Lender is die beneficiary under this Security Insuunicnl. (D) "Trustee" is Commercial Federal Bank, a Federal Savings Bank (F.) "Note" means die promissory note signed by Burrower mid dated July 16, 2 oat The Now stales that Borrower owes Lender Fif Ly Seven Thousand Nine Hundred Fifty and No /100 Dollars (U.S. $59, 950. 00 ) plus interest. Borrower has promised to pay this debt in regular Periodic Payments and to pay the debt in full not later than August. 1, 2032 (F) "Property" means the property that is described below under the heading "Transfer of Rights in the Properly." (G) "Loan" means the debt evidenced by die Note, plus interest, any prepayment charges and late charges due under the Note, and all sums due under this Security Instrument, plus interest (11) "Riders" memhs all Riders to this Security Instrument that are executed by Borrower. The following Riders are to be executed by Borrower [check box as applicable]: L1 Adjustable Rae Rider n Condominium Rider 0 Second Home Rider 0 Balloon Rider O Planned Unit Development Rider 1 -4 Family Rider El VA Rider 0 Biweekly Payment Rider n Olbcr(s) [specify) (1) "Applicable Law" means all controlling applicable federal, state mid local statutes, regulations, ordinances and udrninismnive rules and orders (that have the effect of law) as well as all applicable final, non - appealable judicial opinions. (d) "Community Association Dues, Fees, and Assessments" means all dues, fees, assessments and other charges that are imposed on Borrower or the Properly by a condominium association, homeowners association or similar organization. (K) "Electronic Funds Transfer" means any transfer of funds, whor dean a transaction originated by check, draft, or similar paper instrument, which is initiated through ter electronic terminal, telephonic instrument, conhpmer, or magnetic tape so as to order, instruct, or authorize a financial institution to debit or credit an account Such tens includes, but is not limited lo, point- of -sale transfers, automated teller machine transactions, transfers initiated by telephone, wire nursers, and automated clearinghouse bursters. (1.) "Escrow Items" nicams those items that are described in Section 3. (M) "Miscellaneous Proceeds" scans any compensation, settlement, award of danages, or proceeds paid by any third party (other than insurance proceeds paid under die coverages described in Section 5) for: (t) damage lo, or destruction of, Inc Property; (a) condemnation or other taking of all or any part of the Property; (iii) conveyance in lieu of condemnation or (iv) misrepresentations of, or omissions as lo, the value and /or condition of the Property. (N) "Mortgage Insurance" meal insurance protecting Lender against the nonpayment of, or default on, die Loch. J OOC 4:317602 APPL 4.0016185359 LOAN 6:nn16180359 Inlr Is' (a)m6(NE)t000st Papaz o, s Form 3026 1101