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20�20272� (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 Apri 1 03 , 2012 . The Note states that Bonower owes Lender SEVENTY TWO THOUSAND FOUR HUNDRED TWENTY FIVE AND 00/100 Dollars (U.S. $ 72 , 425 . 0 0 ) plus interest. Bonower has promised to pay this debt in regulaz Periodic Payments and to pay the debt in full not later than M a y 1, 2 0 42 . (F1 "Property" means the property that is described below under the heading "Trrnsfer 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. (H) "Riders" means all Riders to this Security Instiument that are executed by Borrower. The following Riders aae to be executed by Borrower [check box as applicable]: � Adjustable Rate Rider 0 Condominium Rider 0 Second Home Rider � Balloon Rider � Planned Unit Development Rider � 1-4 Family Rider � VA Rider � Biwe.ekly Payment Rider � Other(s) [specify] (1) "Applicable Law" means all controlling applicable federal, state and local statutes, regulations, ordinances and administrative rules an@ orders (that have the eff�t of law) as well as all applicable final, non-appealable judicial opinions. (J) "Community Association Dues, Fees, and Assessments" means all dues, fees, assessments and other charges that are imposed on Borrower or the Property by a condominium association, hom�wners association or similaz organization. (K) "Electronic Funds Transfer" means any transfer of funds, other than a transaction originated by check, draft, or similaz paper instrument, which is initiated through an el�tronic terminal, telephonic instrument, computer, or ma.gnetic 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 transactions, transfers initiated by telephone, wire transfers, and automated clearinghouse transfers. (L) "Escrow Items" means those items that are described in Secrion 3. (M) "Miscellaneous Proceeds" means any compensation, settlement, awazd 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) xnisrepresentations of, or omissions as to, the value and/or condirion of the Property. NEBRASKA-Single Family-Fannie Mae/Freddie Mac UNIFORM INSTRUMENT Form 3028 1/07 VMP � VMP6�NE) (1105) Wolters Kluwer Financial Servic� Page 2 of 17