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201106098
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Last modified
8/17/2011 10:52:18 AM
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8/17/2011 10:52:18 AM
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DEEDS
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201106098
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�,- i ; �.��, <br />(C) "Lender" is Home Federal Savi ngs anc� Loan Assn of Grand Isl and <br />Lender is a Savi ngs and Loan <br />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 <br />Lender's address is 221 South Locust St Grand I sl and NE 68801- <br />Lender is the beneficiary under ttus Security Instrument. <br />(D) "T�vstee" is Arend R Baack, Attorney <br />(E) "Note" means the promissory note signed by Bonower and dated A u g u s t 0 9, 2 011 . <br />TheNotestatesthatBorrowerowesLender THIRTY SIX THOUSAND NINE HUNDRED AND <br />0 0/ 10 0 Dollars <br />(U. S. $ 3 6. 9 0 0. 0 0 ) plus interest. Bonower has promised to pay this debt in regular Periodic <br />Payments and to pay the debt in full not later than S e p t em b e r 1, 2 0 2 6 . <br />(� "Property" means the property that is deseribed below under the heading "Transfer of Rights in the <br />Property " <br />(G) °Loan" means the debt evidenced by the Note, plus interest, any prepayment charges and late charges <br />due under the Note, and all sums due under this Security Instrument, plus interest. <br />(� "Riders" means all Riders to this Security Insm�ment that are executed by Bonower. The following <br />Riders aze to be executed by Bonower [check hox as applicable]: <br />0 Adjustable Rate Rider � Condominium Rider � Second Home Rider <br />Q Balloon Rider 0 Planned Unit Development Rider 0 1-4 Family Rider <br />Q VA Rider � Biweekly Payment Rider � Other(s) [specify] <br />(n "Applicable Law" means all controlling applicable federal, state and local statutes, regulations, <br />ordinances and administrative rules and orders (that have the effect of law) as well as all applicable final, <br />non-appealable judicial opinions. <br />(� °Community Association Dues, Fees, and Assessments" means all dues, fees, assessments and other <br />charge� that are imposed on Borrower or the Property by a condominium assa�iarion, homeowners <br />association or similar organization. <br />(� "El�tronic Funds Transfer" means any transfer of funds, other than a transaction originated by <br />check, draft, or similar paper instrument, which is iniriated through an electronic terminal, telephonic <br />instrument, computer, or magneric tape so as to order, instruct, or authorize a financial institution to debit <br />or credit an account. Such term includes, but is not limited to, point-of-sale transfers, automated teller <br />machine transactions, transfers iniriated by telephone, wire transfers, and automated clearinghouse <br />transfers. <br />(L) "Escrow Items" means those items that are described in Section 3. <br />(1Vn "Miscellaneous Proceeds" means any compensation, settlement, award of damages, or proceeds paid <br />by any third party (other than insurance proceeds paid under the coverages described in Section 5) for: (i) <br />damage to, or destrucrion of, the Properry; (ii) condemnation or other taking of a11 or any part of the <br />Property; (iii) conveyance in lieu of condemnation; or (iv) misrepresentations of, or omissions as to, the <br />value and/or condition of the Property. <br />(1� "Mortgage Insurance" means insurauce protecting Lender against the nonpayment of, or default on, <br />the Loan. <br />NEBRASKA - Single Family - Fannie Mae/Freddie Mac UNIFORM INSTRUMENT <br />�-6(NE) tosi i1 Page 2 of 15 Initials: Form 3028 1/01 <br />� <br />lO�J <br />
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