201100485 - Laserfiche WebLink

Browse

201i004�r� (C)"Lender"is Home Federal Savings and Loan Assn of Grand Island Lender is a Savi ngs and Loan organized and existiag under the laws of T h e S t d t e o f N e b r' a 5 k a Lender's address is 221 South Locust St Grand Isl and N� 68801 - Lender is the beneficiary und�r this Security Instrument. (D) "Trustee" is Arend R Baack, Attorney (E) "Note" rneans the prornissory note signed by Borrower and date.d J a n u a r' y 18 , 2 011 . The Note states that Borrower owes Lender 5EV�NTY FIVE THOUSANQ FIVE HUNDRED S�VENTY FIVE AND 00/100 Dollars (U.S. $ 75 . 575 . 00 ) plus interest. Bonower has promised to pay this debt in regulaz Period'zc Payrnents and to pay the debt in full not later than F e b r u a r y 1. 2 D 2 6 . (1� "Property" means the property that is described below under the heading "Tra�nsfer of Rights in the Property." (G) "Loan" msans the debt evidenced by the Note, plus interest, any prepayment charges and late charges due under the Note, and all sums due under this Security Instrument, plus interest. (Ii) "Riders" means all Riders to this Security Instrurnent that are executed by Bonower. The following Riders are to be executed by Borrower [check box as applicable]: ❑ Adjustable Rate Rider � Condorninium Rider ❑ Second Harne Rider � Balloon Rider � Planned LTnit Developrnent Rider [� 1� Family Rider 0 VA Rider � Biweekly Payment Rider Q Other(s) [specify] (I) "Applicable Law" means all controlling applicable federal, state and local statutes, aregulations, ordinances and administrative rules and orders (that have the effect of law) as well as all applicable final, nan-appealable judicial opinions. (� "Community As.�ociation Dues, Fces, and Asses,sments" means all dues, fees, assessments and other charges that are imposed on Borrower or the Property by a condominium association, homeowners association or similaz organization. (K) "Electronic Ftinds Transfer" means any transfer of filnds, other than a transaction originated by check, draft, or similar paper instrument, which is initiated through an electronic ternunal, telephonic instrument, computer, or rnagnetic tape so as to order, instzvct, 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 telephone, wire transfers, and automated clearinghouse transfers. (L) "Escrow Items" means those items that are described in Section 3. (Nn "Miscellaneaus Procceds" means any compensation, settlernent, award af darnages, or proceeds paid by any third party (other than insurance proceeds paid under the cov�rages described in Section 5) for: (i) darnage 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) rnisrepresentations of, or omissions as to, the value and/or candition of the Property. (� "Mortgage Insarance" means insurance protecting l,ender against the nonpayment of, ar default on, the Loan. NEBRASKA - 5ingle Family - Fannie Mae/Freddie Mac UNIFORM INSTRUMENT �-61NE) loa>>1 Page2of 15 Initials: � Form 30Z8 9/01 � � � � ,r