201100700 - Laserfiche WebLink

Browse

201100700 (C)"Lender"is Home Federal Savings and Loan Assn of Grand Island Lender is a Sdvi ngs and Lodn 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 I sl and NE 68801- Lender is the beneficiary under this Securiry 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 2 0, 2 O 11 . The Note states that Borrower owes Lender N I N E T Y T W 0 T H 0 U S A N D A N D 0 0/ 10 0 Dollars (U.S. $ 92 , 000 . 00 ) plus interest. Borrower has promised to pay this debt in regulaz 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 . (I+� "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 prepayment charges and late charges due under the Note, and all sums due under this Security Instrument, plus interest. (� "Riders" means all Riders to this Security Instrument that are executed by Borrower. The following Riders are to be executed by Borrower [check box as applicable]: � Adjustahle Rate Rider � Conckominium Rider 0 Seconc� Home Rider 0 Balloon Rider Q Planned Unit Develapment Rider � 1-4 Famiiy Rider Q VA Rider � Biweekly Payment Rider �(lther(s) [specify] (n "A�►plica�le Law" �ans all controlling applicable fedexat, state and local statutes, regularions, ordinances ancl administrative n�es and orders (that have the effect of law) as well as all applicable final, non-appeatable judiciai opinions. (� "Carnmunity Association Ihties, Fces, and Assessments" means all dues, fees, assessments and other charges that are imposed on Borrower or the Property by a condominium assoeiation, homeowners association ar simiiar organization. (K) "�}ectronic Funds Transfer" means any transfer of funds, other than a transaction originated by check, draft, or simitaz paper instnunent, which is initiated through an electronic terminal, telephonic instrument, computer, or magnetic tape so as to order, instruct, or authorize a fmancial 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) "Fscrow Items'" means those items that are described in Section 3. (Nn "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) 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 on, the Loan. NEBRASKA - Single Family - Fannie Mae/Freddie Mac UNIFORM INSTRUMENT �-6�NE) lost tl Page 2 of 15 Initia�s: Form 3028 1/01 � � � .�V