201007386 - Laserfiche WebLink

Browse

2010U738G (C)"Lender"is Hom� Fed�ral Savings and Loan Assn of Grand Island I,ender is a Savi ngs and Loan organized and existing under the laws of T h e S t a t e o f N e b r a s k a Lender's address is 221 South Locust St Gr�nd I51 and NE fi8801- Lender is the beneficiary under this Security Instrument. (D) "Trustee" is Arend R Baack, Attorney (E) "Note" rneans the promissory note sign�i by Borrower and dated 0 c t o b e r O 1, 2 O 10 . The Note states that Borrower owes L.�nder 0 N E H U N DRE D F I FTY THOU SA N D A N D 0 0/ 10 0 Dollars (U. S. $ 15 0. 0 0 0. 0 U ) plus int�rest. Borrower has prornised to pay this debt in regular Periodic Payments and to pay the debt in full not later than N o v e m b e r' 1. 2 0 2 5 . (k� "Property" means the property that is described below under the heading "Transfer of Rights in the Property." (G) "Loan" means the debt evidenced by the Note, plus interest, any prepayment chazges and late charges due under the Note, and all surns due under this Security Instrument, plus interest. (I� "Riders" rneans all Riders to this Security Instrument that are executed by Borrower. The following Riders are to be executed by Borrower [check box as applicable]: [] Adjustable Rate Rider [� Condominivan Rid�r ❑ Second Horne Rider 0 Balloon Rider � Planned Unit Developrnent Rider [�] 1-4 Family Rider � VA Rider [] Biweekly Payment Rider [] Other(s) [specify] (n "Applicable Law" means all controlling applicable federal, state and local statutes, regulations, ordinances and admuiistrative rules and orders (that have the effect of law) as well as all applicable final, non-appealable judicial opinions. (.n "Community Association Dues, Fee.s, and Assessments" means all dues, fees, assessments and ather charges that are imposed on Borrower or the Paroperty by a candominium association, horneowners association or similaz organization. (I� "Electronic Funds Transfer" means any transfer of funds, ather than a transaction originated by check, draft, or similaz paper instrument, which is initiated thraugh an electronic terminal, telephonic instrurnent, computer, or magnetic tape so as to order, instruct, or authorize a financial institution to debit or credit an account. Such term includes, but is not limited to, point-of-sale transfers, automated teller machine transactions, transfers initiated by telephane, wire transfers, and automated clearinghouse transfers. (L) "Escrow Items" means thase items that are described in Section 3. (1� "Miscellaneous Praceeds" means any compensation, settlement, award of damages, or proceeds paid by any third party (other than insurance procceds paid under the coverages described in Seection 5) for: (i) damage to, or destruction of, the Property; (ii) condemnation or other taking of all or any part of the Property; (iii) cpnveyance in lieu of condemnation; or (iv) misrepresentations of, or omissions as tv, the value and/or conditian of the Froperty. (1� "Mortgage Insurance" means insurance protecting Lender against the nonpayment of, or default on, the Loan. NEBRASKA - Single Family - Fannie Mae/Freddie Mac UNIFQRM INSTRUMENT �-B(NE) los> > 1 Page 2 of 1 fi in�t�a�s: Form 3028 1l01 v _,