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~oiuo~i2s <br />(C) "I,euder" is NAFCO <br />Lender is a FEDERALLY CHARTERED CREDIT UNIDN <br />organized and existing under the laws of THE UNITED STATES OF AMERICA <br />Lender's address is 2115 West State Street <br />Grand Island, NE fi8802 <br />Lender is the beneficiary under this Security Instrument. <br />(D)'Trustee"is OLD REPUBLIC NATIONAL TITLE INSURANCE COMPANY <br />(E)'T1ote" means the promissory note signed by Borrower and dated 5ept.ember 24, 2010 <br />The Note states that Borrower owes Lender THIRTY FIVE THOUSAND AND 00/100 <br />Dollars <br />{U.S. $ 35 ,ODD . 00 )plus interest. Borrower has promised to pay this debt in regular Periodic <br />Payments and to pay the debt in full not later than October 1, 2025 <br />(~ 'Troperty" means the property that is described below under the heading "Transfer pf Rights in the <br />Property." <br />{G) "Loan" means the debt evidenced by the Note, plus interest, any prepayment charges and late charges <br />due under the Note, and all sums due under this Security Instrument, plus interest. <br />(H) "Riders" means all Riders to this Security Instrument that are executed by Borrower. The following <br />Riders are to be executed by Borrower [check box as applicable]: <br />Adjustable Ratc hider ~ Condominium Rider 0 Second Home Rider <br />Q Balloon Rider 0 Planned Unit Development Rider ~ 1-4 Family Rider <br />[~ VA Rider ~ Biweekly Payment Rider D Other(s) [specify] <br />(T} "Applicable Law" means all controlling applicable federal, state and local statutes, regulations, <br />ordinances and administrative rules and orders (that have the effect of law) as well as all applicable final, <br />non-appealable judicial opinions. <br />(,l7 "Community Assnciatiou Dues, Pees, and Assessurents" means all dues, fees, assessments and other <br />charges that are imposed an Borrower or the Property by a condominium association, homeowners <br />association or similar organization. <br />(It) "Electronic )Funds Transfer" means any transfer of funds, other than a transaction originated by <br />cheek, draft, or similar paper instrument, which is initiated through an electronic terminal, telephonic <br />instrument, computer, or magnetic tape so as to order, instruct, or authorize a financial institution to debit <br />or credit an account. Such terrn includes, but is not limited to, paint-af--sale transfers, automated teller <br />machine transactions, transfers initiated by telephone, wire transfers, and automated clearinghouse <br />transfers. <br />(L) "Escrow Ttems" means those items that are described in Section 3. <br />(M) "Miscellaneous Proceeds" means any compensation, settlement, award of damages, or proceeds paid <br />by any third party (other than insurance proceeds paid under the coverages described in Section 5) for: (i) <br />damage ta, 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; ar (iv) misrepresentations of, or omissions as to, the <br />value and/or condition of the Property. <br />(1~ "Mortgage Insurance" means insurance protecting Lender against the nonpayment of, or default on, <br />the Loan. <br />134-1 <br />NEBRASKA -Single Family -Fannie Mae/Freddie Mao UNIFORM iNS7RUMEHT ~ <br />~•filNE) loefi~ Paget of 1S mn~aro: orm 3a2$ 1101 <br />