201100476 - Laserfiche WebLink

Browse

2oi�ao47�, (C)"Lendcr"is Home Federal Savings and Loan Assn of Grand Island I�,ender is a 5dvi ngs and Loan organized and existing under the laws of T h e S t a t e o f N e b t^ d 5 k d Lei�der's address is 221 $outh LoCUSt St Grand I51 dnd NE 68801- Lender is the beneficiary under this Security lnstrument. (D) "Trustee" is Arend R Baack, Attorney (�) "Note" means the promissory note signed by Borrower and dated J d n u a r y 19 , 2 011 . The Note states that Borrower owes Lender ONE HUNDRED TWENTY SIX THOUSAND FIVE HUNI7RE� AND OD/100 Dollars (Ll. S. $ 12 6. 5 0 0. 0 0 ) plus interest. Borrower has promised to pay this debt in regular Pcriodic Payn�ents a��d to pay tl�e debt in full not later than F e b r u d r y 1, 2 0 21 . (F) "Property" means the property lhat is described below under thc hcading "Transfer of Rights in the Property. " (G) "Loan" means the deht evidenced hy the Note, plus interest, any prepayrnent charges and late charges due under the Note, �.►nd all sums due under this Security instrun�eni, plus intcrest. (I� "Riders" means all Riders lo �his Security [nstrurrient that are executcd by Borrower. 'I"he following Riders are to he executed by Borrc�wer [check box as applicable]: _.. .. --- Adjustable Rate Rider Condominium Rider Second Home Rider . U Balloon Rider I—I Planned LJnit Dcvclopmcnt Ridcr 1-4 Family Rider U VA Rider I� Biweekly Payment Rider I.. . I Uther(s) �specify] (I) "Applicable Law" means all controlling applicable federal, state and ]ocal statutes, re�ulations, ordinances and administrative rules and orders (that have the effect of law) as well as all applicahle final, non-appealable judicia] opinrons. (J) "Community Association llucs, �ees, and Assessments" meazls all dues, fees, assessmcnts and other charges that are imposed on Borrower or the Property by a condo�ninium association, homeowners association or similar organization. (K) "Elc�ctronic Nunds '1'ransfer" means any tr�uisfer of funds, other than a transaction originatcd by check, draft, or similar paper instrument, whicl� is initiated tl�rough an electronic terrninal, tcicphonic inscrument, conlputer or �nagnetic k�tpe so �ts to order, instruct, or authorize a financial institution to debit or credit an account. Sucl� ter�n includes, but is not lirnited ro, point-of-sale transfers, automated tcllcr machia�e transactions, transfers i��itiated by telephone, wire transf�ers, and automated clearinghouse trdnSfeCS. (L) "Tscrow �ten�s" means lhose itents that are descrihed in Sectic�n 3. (M) "Miscellancous Procreds" mea��s any compensaticm, settlement, award of damages, or proceeds paid by any thirci par�y (other than inS�.ir�tnCe proceeds paid under the coverages described in Section 5) for: (i) damage tt�, or destz af, the Praperty; (ii) conde�r�nation or other taking of all or any part of thc Property; (iii) conveyance in lieu of condemnation; or (iv) misreprese�atations pf, c�r omissions as to, the value and/or condition of the Yroperty. (1� "Mortga�;e Insurance" means insurance protecting Lender against the a�onpayment af, or default on, the Lvan. NEBRASKA - Single Family - Fannie MaelFreddie Mac UNIFORM INSTRUMENT � -6�NE) 1081 11 Page 2 of 1$ Initial5: � _.._._. � � ' (� � ✓� � li � Form 3028 1I01