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201 20�06� <br />(C) "Lender"isHome Federal Savings and Loan Assn of Grand Island <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 addr�s is 221 South Locust St Grand I sl and NE 68801- <br />Lender is the beneficiary under this Security Instrument. <br />(D) "Trustee" is Arend R Baack, Attorney <br />( E) "Note" means the promissory note signed by Bonower and dated F e b r u a r y 0 9, 2 012 . The Note <br />states that Bonower ow� Lender THREE HUNDRED SIXTY THREE THOUSAND SEVEN <br />HUNDRED SEVENTY FIVE AND 00/100 <br />Dollars (U.S. $363 , 775 . 00 ) plus interest. Bonower has promised to pay this debt in regular <br />Periodic Payments and to pay the debt in full not later than M a r c h 1. 2 0 42 . <br />(F) "Property" means the property that is described 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 due <br />under the Note, and all sums due under this S�urity Instrument, plus interest. <br />(H) "Riders" means all Riders to this Securiry Instrument that are ex�uted by Bonower. The following Riders <br />aze to be exe�uted by Bonower [che�k box as applicable]: <br />� Adjustable Rate Rider � Condominium Rider � Second Home Rider <br />� Balloon Rider � Planned Unit Development Rider 0 1-4 Family Rider <br />0 VA Rider � Biw�kly Payment Rider � Other(s) [sp�ify] <br />(1) "Applicable Law" means all controlling applicable federal, state and local statutes, regulations, ordinances <br />and administrative rules and orders (that have the effe�t of law) as well as all applicable final, non-apgealable <br />judicial opinions. . <br />(J) "Community Association Dues, Fees, and Assessments" means all dues, f�s, assessments and other <br />charges that are impose�i on Bonower or the Property by a condominium association, homeowners <br />association or similar organization. <br />(K) "Electronic Funds Transfer" means any transfer of funds, other than a transaction originated by ch�k, <br />draft, or similaz paper instrument, which is initiated through an electronic terminal, telephonic instrument, <br />computer, or magnetic tape so as to order, instruct, or authorize a financial institution to debit or credit an <br />account. Such term includes, but is not limited to, point-of-sale transfers, automated teller machine <br />transactions, transfers initiated by telephone, wire transfers, and automated clearinghouse transfers. <br />(L) "Escrow Items" means those items that aze described in S�tion 3. <br />(M) "Miscellaneous Proceeds" means any compensation, settlement, award of damages, or proceeds paid by <br />any third party (other than insurance proc,ee�is paid under the coverages describerl in Section 5) for: (i) <br />damage to, or destruction of, the Property; (ii) condemnation or other taking of all or any part of the <br />Property; (iii) conveyance in lieu of condemnation; or (iv) misrepresentations of, or omissions as to, the <br />value andlor condition of the Property. <br />NEBRASKA-Single Family-Fannie Mae/Freddie Mac UNIFORM INSTRUMENT Form 3026 1l01 <br />VMP � VMPB�NE) 11106) <br />Wolters Kiuwer Financial Services Page 2 of 17 <br />