201100489 - Laserfiche WebLink

Browse

201100�� (C)"Lender"is Home Federal Savings and Loan Assn of Grand Island L.cnder is a Savi ngs and Loan organized and existing under the laws of T h e S t a t e o f N e b r a s k a Lender's address is 221 South Locust St Grand T sl and N� 68801- Lender is the beneficiary under this Security Instrument. (D) "Trustee" is Arend R Baack, Attorney (E) "Note" means the promissory note signed by Borrower and dated J a n u a r y 19 , 2 O 11 . The Note states that Borrower owes L.ender 0 N E H U N D R E D S� V E N T Y F I V E T H 0 U SA N D A N Q 0 0/ 10 0 Dollars (U.S. $ 175 , 000. 00 ) plus interest. Borrower has promised to pay this debt in regular Periodic Payments and to pay the debt in full not later than F e b r u a r y 1. 2 0 2 6 . (� "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 prepayznent charges and late charges due undar the Note, and all sums due under this Security Instrument, plus interest. (� "Riders" means all Riders to this Security Instrutnent that are executed by Borrower. The following Riders are to be executed by Borrower [check box as applicable]: � Adjustable Rate Rider ❑ Condominium Rider � Second Home Rider � Balloon Rider � Flanned Unit Development Rider � 1-4 Family Rider [� VA Rider ❑ Biweekly Payment Rider U Other(s) [specify] (I) "Applicable Law" means all controlling applicable federal, state and local statutes, regulations, ordinances and administrativc rules and orders (that have the effect of law) as well as all applicable final, non-appealable judicial opinions. (J) "Connmunity Association Daes, Fees, and Assessments" means all dues, fees, assessrnents and other charges that are imposed on Borrower or the Property by a condominiurn associatian, homeowners association or similar arganiaation. (K) "Electronic Funds Transfer" means any transfer of funds, other than a transaction originated by check, draft, or similar paper instrument, which is initiated thraugh an electronic terminal, telephonic instrurnent, computer, or magnetic tape so as to order, instruct, 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 trar►sfers. (L) "Escrow Items" rneans those items that are described in Section 3. (M) "Miscellaneous Proceeds" 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) darnage to, or destruction of, the Praperty; (ii) condernnation or other taking of all or any parC of the Property; (iii) conveyance in lieu of condemnation; or (iv) misrepresentatioans of, ar omissions as to, the value and/or condition of the Property. (1� "Mortgage Insurance" means insurance protecting I.,ender against the nonpayment of, or default an, the Loan. NEBRASKA - Single Family - Fannie Mae/Freddie Mac UNIFORM INSTRUMENT �-B�NE) �oai i� Page 2 of 15 i��t�ais: Form 3028 9/U7 �