201008934 - Laserfiche WebLink

Browse

2oioos93� (C)"Lender"is Home Federal Savings and Loan Assn of Grand Island Lender is a Sdvi ngs and Loan organized and existing under the laws of T h e S t d t e o f N e b r a s k d Lender's address is 221 South Locust St Grand I sl and NE 6$801- Lender is the beneficiary under this Security Instrument. (D) "Trustec" is Arend R Baack, Attorney (E) "Note" means the promissory note signed by Borrower and dated N o v e m b E r 2 3, 2 O 10 . The Note states that Borrower owes Lender TWO HUNpRED TWENTY THOUSAND AND 00/100 Dollars (U.S. $ 220 , 000 . 00 ) plus interest. Borrower has promised to pay this debt in regular Periodic Payments and to pay the debt in full not 1 ater than D e c e m b e►^ 1, 2 0 4 0 . (F) "Property" means the property that is described below under lhe heading "Transfer of Rights in the Properry. " (G) "Loan" means the debt evidenced by thc Note, plus interest, any prepayment charges and late charges due under the Note, and all sums due under this Security Instrument, plus interest. (� "Riders" means all Riders to fhis Security Instrumenc that are executed by Borrower. The following Riders are to be executed by Borrower [check box as applicable]: [J Adjustable Rate Rider � Candominiuin Kider U Second Home Rider [� Balloon Rider � Planned Unit Uevelopment Rider L� 1-4 �an�ily Rider u VA Rider U Biweekly Payment Rider � Other(s) [specify] (I) "Applicable Law" means ail controlling applicable federal, state and local statutes, regulations, ordinances and administrative rules and orders (that have the effect of law) as well as all applicable final, non-appealable judicial opinions. (J) "Community Association Dues, F"ecs, and Assessments" means all dues, fecs, assessments and other charges that are imposed on Borrower or the Property by a condominiurn association, homeowners association or similar organization. (K) "F,lectronic Funds Transfcr" 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 magnetic tape so as to order, instruct, or authorizc a�nancial institudon 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 telephone, wire transfers, and auto►nated clearinghouse transfers. (L) "Escrow Items" means those items that are described in Section 3. (M) "Miscellaneous Proceeds" means any compensation, settlen�ent, award of damages, or proceeds paid by any third party (other than insurance procccds paid under the coverages described in Section S) for: (i) damage to, or destruction of, the Property; (ii) 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 to, the value and/or condition of the Property. (1� "Mortgage Insurance" means insurance protecting Lender against the nonpayment of, or default �n, the Loan. NEBRASKA - Single Family - Fannie Mae/Freddie Mac UNIFQRM INS7RUMEN7 � ios� n Page 2 of 15 i��uais: ,��-� Form 3028 1/01 0