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201�o42ss (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 Se.curity Instrument. (D) "Trustee" is Arend R Baack, Attorney (E) "Note" means the promissory note signed by Borrower and dated May 21. 2012 . The Note statesthatBonowerowesLender ONE HUNDRED THIRTY THOUSAND AND 00/100 Dollazs (U.5. $13 0, 0 0 0. 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 J u n e 1, 2 0 Z 2 . tF} "Property" means the progerty that is descrilred below under the heading "Transfer of Rights in the Property." {G1 "Loan" means the ctebt evidenced by the Note, plus interest, any pFepayment charges and late charges due under the Note, and alb sums due under this Security Instrament, plus interest. tH) "Riders" means all Riders to this Security instrument that are executed by Borrower. The foltowing Riders are to be executed by �orrower [che,ck box as applicablej: 0 Adjustable Rate Rider 0 Condomirri� Rider 0 Seco� Home Rider 0 Balloon Ri�eer 0 Planned U�it Developmern Rider � I-4 Family Rider � VA Rider � Biweekiy Payment Rider � �ther(s) [specifyj (1) "Applicable Law" means all controlling applicable federal, state and local statutes, regutations, ordinances and administrative rutes and ordeeis (that have the effect of law) as well as atl applicable finat, non-appeatable judicial �ginioffi. (J) "Community Assaciation 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 transacrion originated by check, draft, or similar paper instrument, which is iniriated through an electronic terminal, telephonic inst�ument, 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 transacrions, transfers iniriated by telephone, wire transfers, and automated clearinghouse transfers. (L) "Escrow Items" means those items that aze descrihed in Section 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 taldng 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 Propertv. NEBRASKA-Single Farnily-Fannie MaelFreddie Mac UNIFORM INSTRUMENT Form 3028 1/07 VMP � VMPBINE} (1105) Waltere Kluwer Financial Services Page 2 of 17