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201202607 (C) "Lender"isHome Federal Savings and Loan Assn of Grand Island 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 I sl 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 2 7, 2 012 . The Note states that Bonower owes Lender FI FTY TWO THOUSAND AND 00/100 Dollars (U.S. $ 52 , 0 0 0. 0 0 ) plus interest. Borrower has promised to pay this debt in regular Periodic Payments and to pay the debt in fu11 not later than M a y 1. 2 0 3 2 . (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 Iate charges due under the Note, and all sums due under this Security Instrument, plus interest. (H) "Riders" means alI Riders to this Security Instrument that are executed by Borrower. The following Riders are to be executed by Borrower [ch�k box as applicable]: 0 Adjustable Rate Rider 0 Condominium Rider 0 Second Home Rider Q Balloon Rider 0 Planned Unit Developm�nt Rider � 2-4 Famity Rider � VA Rider 0 Biweekty Payment Rider � Other(s) [specify] (q "Applicable Law" means all controlling applicable federal, state and local statutes, regulations, ordinances and administrative rules and orders (that ha.ve the effect of Iaw) as well as all applicable final, non-appeaiable judicial opinions. (J) "Community Association Dues, Fees, and Assessments" means at1 dues, fees, assessments and other charges that are imposed on Borrower or the Property by a condominium association, homeowners association or similar organizarion. (K► "Electronic Funds Transfer" means any transfer of funds, other than a transacrion originated by check, draft, or similaz paper instrument, which is iniriated through an electronic terminal, telephonic instrument, computer, or magnetic tape so as to order, instruct, or authorize a financial institurion to debit or credit an account. Such term includes, but is not limited to, point-of-sale transfers, automated teller machine transactio�, transfers initiated by telephone, wire transfers, and automated clearinghouse transfers. (L) "Escrow Items" means those items that are described in Section 3. (M) "Miscellaneous Proceeds" means any compensation, settlement, award of damages, or proceeds paid by any third pariy (other than insurance proceeds paid under the coverages described in Section 5) for: (i) damage to, or destrucrion of, the Property; (ii) condemnation or other taking of all or any part of the Property; (iii) conveyance in lieu of condemnation; or (iv) misrepresenta.tions of, or omissions as to, the value and/or condition of the Property. NEBRASKA-Single Family-Fannia Mae/Freddie Mac UNIFORM INSTRUMENT Form 3028 1/O7 VMP � VMPB(NE) (1105) Walters Kluwer Financial Services Page 2 of 17