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20�20376� (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 May 04, 2012 . The Note states that Borrower owes Lender ONE HUNDRED EIGHT THOUSAND AND 00/100 Dollazs (U. S. $10 8. 0 0 0. 0 0 ) plus interest. Borrower has promised to pay this debt in regulaz Peri�c Payments and to pay the debt in full not later than J u n e I, 2 0 2 7 . (F) "Property" means the property that is described betov�r undes the headi�g "Transfer of Rights in the Property " (G) "Loan" means the debt evidenced by the Note, plus interest, aziy prepayment charges and late charges due under the Note, and aIl sums due under this Security Instrument, plus interest. (H) "Riders" means alI Iiiders to this Security Instr�ent tha� are executed by Borrower. The following Riders are to be executec� by Borrower [check box as applicable]: 0 Adjusta�ite Rate Rider 0 Condominivm Rict�r Q 5e�ond Home Rider 0 Batlooa Rider 0 PIaffied Unit DeveIopment Rider Q f-4 Family Ricter 0 VA Rider � Biweekty Payment Ricter 0 Other(s} �specify] (I) "Applicable Law" means all controlling applicable federal, state and locat statutes, regularions, ordinauces and adminisirative rules aud orders (tl�t have the effect of law} as �rell as ali applic�hle fina1, non-agpeatable judiciai opiaionc_ (J) "�csrrrmunity Association Dues, Fees, and Assessments" me,a�rs alI dues, fe,es, assessments and other charges that are imposed on Borrower or the Froperty by a condomi�ium associaxion, homeowners association or similar organizarion. (K) "Electronic Funds Transfer" means any uansfer of funds, other than a transaction originated by check, draft, or similar paper instrument, which is initiated 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 transactions, transfers initiated by telephone, wire transfers, and automaxed 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 party (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) misrepresentations of, or omissions as to, the value and/or condition of the Property. NEBRASKA-Single Family-Fannfe Mae/Freddie Mac UNIFORM INSTRUMENT Form 3028 1/07 VMP � VMPBINE) (1105) Wolters Kluwer Financisl Services Page 2 of 17