201102022 - Laserfiche WebLink

Browse

201102022 (C) "Lender" is Home Federal Savi ngs and Loan Assn of Grand Isl and Lender 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 Isl and NE 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 M a r c h 11 , 2 011 . The Note states that Borrower owes Lender 0 N E H U N D R E D TW E N T Y S I X T H 0 U S A N D N I N E HUNDRED FIFTY AND 00/100 Dollars (U.S. $ 126, 950 . 00 ) plus interest. Bonower has promised to pay this debt in regular Periodic Payments and to pay the debt in full not later than A p r i 1 1, 2 0 2 6 . (F� "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. (Fn "Riders" means all Riders to this Securiry Instrument that aze executed by Borrower. The following Riders are to be ex�uted by Borrower [check box as applicable]: � t4djustable Rate Rider � Condominium Rider � Second Home Rider Q BalIcaon Rider 0 Planned Unit Development Rider 0 1-4 Family Rider � Vt� Rider � Biwcekly Payrnent Rider � Other(s) [specify] (I} "A►ppi%eable Iaw" means atI cantrolling appIicable federal, state and local statutes, regulations, ordin�nces and ac�minist�ative rules ax� arcters (that have the effect of law) as well as all applicable final, non-appeatabie Zudieiai opimons. (� "Community Association D��es, Fees, and Ass�sments" means all dues, fees, assessments and other charges that are imposed on Borrower or the Property by a candominium association, homeowners association or similar organization. (I� "Etectronic Funds Transfer" means any transfer of funds, other than a transaction originated by check, draft, or similar paper instrument, which is initiated through an electronic terminal, telephonic instniment, 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 transfers. (L) "Escrow Items" means those items that are described in Section 3. (11� "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 MaelFreddie Mac UNIFORM INSTRUMENT �-6(NE) losi i� Page 2 of 15 Initials: FO�fll 3OZH 1/01 �