201007820 - Laserfiche WebLink

Browse

2010078ti0 (C)"Lender"is Home Federa1 Savings and Loan Assn of Grand Island Lender is a 5avi ngs and Loan orga nized and existing under the laws of T h e S t a t e o f N e b r d 5 k d Lender's address is 221 5outh Locust St Grand Isl and NE 68801- Lender is the beneficiary under this Security Instrunnent. (D) "Trustee" is Arend R Baack. Attorney (E) "Note" means the prornissory note signed by Borrower and dated Q c t o b e r 21, 2 010 . The Note states that Borrower owes Lender ONE HUNDREb SIXTEEN THOUSAND AND 00/100 nonars (U.S. $ 116. 000 . 00 ) plus interest. Bonower has promised to pay this debt in regular Periodic Pay�nents and to pay the debt in full not later than N o v e m b e r 1, 2 0 2 5 . (F� ."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 charges and late chazges due under the Note, and all sums due under this Security Instrument, plus interest. (� "Riders" rneans all Riders to this Security Instrument that aze executed by Borrower. The following Rid�rs are to be executed by Borrower [check box as applicable]: [] Adjustable Rate Rider [] Condominium Rider [] Second Home Rider [] Balloon Rider 0 Planned Unit Development Rider 0 1-4 Family Rider 0 VA Rider � Biweekly Payment Rider [] Other(s) [specify] (n "Applicable Law" means all controlling applicable federal, state and local statutes, regulations, ordinances and adrninistrative rules and orders (that have the effect of law) as well as all applicable final, nan-appealable judicial opinions. (.n "CommunYty Association Dues, Fces, and Assessments" means all dues, fees, assessments and other charges that are imposed on Bonrower or the Property by a condominium association, homeowners association or similaz organization. (I� "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 ternunal, telephoni.c instrurnent, compucer, or magnetic tape sa as to order, instruct, or authorize a financial institution to debit or credit an account. Such term includes, but is not lirnited to, point-of-sale transfers, automated teller machine transactions, transfers initiated by telephone, wire transfers, and automated clearinghouse transfers. (L) "Escrow Items" means thase items that are described in Section 3. (11� "Miscellaneous Proceeds" means any cornpensation, settlernent, award of damages, or prar�ds paid by any third party (other than insurance proceeds paid under the coverages described in Section 5) for: (i) damage to, or destruction of, tt�.e Property; (ii) condemnation or other taking of all or any part of the Property; (iii) conveyance in lieu of condemnation; or (iv) rni�srepresentations of, or ornissions as to, the value and/or condition of the Property. (1� "Mortgage Insurance" rneans insurance protecting Lender against the nonpayment of, or default on, the L,oan. NEBRASKA - Single Family - Fannie Mae/Freddle Mac UNIFORM INSTRUMENT �-61NE) 1oe1 �) Page 2 of 16 �n�tie�s: Fwm 3028 1/U1 � �\ � �