201009713 - Laserfiche WebLink

Browse

�oioas��3 (C)"Lender"is Mome Federal Savings and Loan Assn of Grand Island Lender is a Savi ngs and Loan organized and existing under the laws of T h e S t� t e o f N e b r d 5 k a Lender's address is 221 South Locust St Grand I sl and N� 68801- Lender is the beneficiary under this Security InstrumenC. (D) "Trustee" is Arend R Baack, Attorney (E) "Note" means the promissory note signed by Borrower and dated D e C e m b e r 2 2. 2 010 . The Note states that Borrower owes Lender 0 N E H U N D RE D TH I RTY 5 I X T H 0 U 5AN b A N D 0 0/ 10 0 Dollars (U.S. $ 136 , 0 0 0. 0 0 ) plus interest. Sorrower has promised to pay this debt in regular Periodic Payrnents and to pay the debt in fu11 not later than J d n u a r y 1, 2 0 21 . (� "Property" rneans the property that is described below under the heading "Transfer of Rights in the Property." (G) "Loan" rneans tt�e debt evidenced by the Note, plus interest, any prepayrnent chazges and lace charges due under the Note, and all stuns due under this Security Instrumen.c, plus interest. (� "Riders" mea�.s all Riders to this Security Instrument that are executed by Bonower. The following Riders are to be executed by Borrower [check box as applicable]: 0 Adjustable Rate Rider 0 Condorniniurn Rider ❑ Second Home Rider � Ballaon Rider ❑ Planned Unit Development Rider ❑ 1-4 Family Rider � VA Rider � Biweekly Payment Rider Q Other(s) [specify] (n "Applicable Law" means all controlling applicable fe�leral, state and local statutes, regulations, ordinances and administrative rules and orders (that have the effect of law) as well as all applicable �nal, non-appealable judicial opinions. (.n "Community Association Dues, Fces, and Assessnnents" rneans all dues, fees, assessments and other charges that are imposed on Borrower ar the Property by a condominium association, horneowners association or similar organization. (I� "Electronic Funds Transfer" rneans any transfer of funds, other than a transactian originated by check, draft, or sirnilar pap�r instrurnent, which is initiate� through an electranic ternunal, telephonic instrument, cornputer, or magnetic tape so as to order, instruct, or authorize a financial institution to debit or cre�it an account. Such term includes, but is not limited to, point-af-sale transfers, autornated telter machine transactions, transfers initiated by telephone, wire transfers, and automated clearinghouse transfers. (L) "Escrow Ite.ms" means those items that are described in Section 3. (11� "Miscellaneous Praceeds" means any compensation, settlement, award of damages, or proceeds paid by any third party (other than insurance proceeds paid under the coverages described in Section 5) for: (i) damage to, or destruction of, the �roperty; (ii) condemnation or other taking of all or any part of the Property; (iii) conveyance in lieu of condemnation; or (iv) misrepres�ntations of, or omissions as to, the value and/or condition af the Property. (1� "Martgage Tnsurance" rneans insurance protecting I.ender against the nonpayment of, ar default on, the I..oan. NEBRASKA - Single Family - Fannle Mae/Praddia Mac UNIFORM INSTRUMENT �-BINE) �oet t1 Page 2 of 15 �n�tials: ��prm 3028 1/07 �