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201204447 <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 address 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 Borrower and dated J u n e O 1. 2 012 . The Note <br />states that Borrower owes Lender ONE HUNDRED SEVENTY FOUR THOUSAND FOUR HUNDRED <br />AND 00/I00 <br />Dollazs (LT.S. $174 , 40 0. 0 0 ) plus interest. Borrower has promised to pay this debt in regular <br />Periodic Payments and to pay the debt in full not later than June I, 2042 . <br />�Fl "Property" means the progerty that is described below under the heading "Transfer of Rights in the <br />Froperty." <br />(G) "Loan" means the debt evidenced by the Note, pins interest, any prepayment charges aud late chazges due <br />under the Note, and all sums due under this �urity Inslxument, plus interest. <br />(H) "Riders" means alI Riders to this Security Instrnment that are exe.ceited by Borrowea. The following Riders. <br />are to be e�ecuted by Borrower [ch�k box as applicablej: <br />0 Adjustable Rate Ricter 0 Condominium Rider 0 Second Home Rider <br />Q Ball�n Rider 0 PlaBned Umt I�velopment Rides Q 1-4 Family Rider <br />0 VA Rider 0 Biw�kly Payment Rider 0 Other(s) [spe,cify] <br />(p "Applicable Law" means a11 controlIing apPlicable federal, state anc� Iocal staiutes, regutations, ordinances <br />aud administrative rutes an�. orc�ers (tl�at have the effect of Iaw) as well as all applicable finat, non-appealable <br />judiciat opinions. <br />(J) "Community Associafion Dues, Fees, and Assessments" meaus all dues, fees, assessments and other <br />charges that are imposed on Bonc�wer or the Property by a cc�ndominium association, homeowners <br />association or similar organization. <br />(K) "Electronic Funds Transfer" means any transfer of funds, other than a transaction originated by check, <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 ftnancial institution to debit or credit an <br />account. Such term includes, but is not limited to, point-of-sale transfers, automated teller machine <br />transacrions, transfers initiate� by telephone, wire transfers, and automated clearinghouse transfers. <br />(L) "Escrow Items" means those items that aze descrihed in Section 3. <br />(M) "Miscellaneous Proceeds" means any compensation, settlement, award of damages, or proc,eeds paid by <br />any third pazty (other than insurance proceeds paid under the coverages described in Section 5) for: (i) <br />damage to, or destrucrion 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 and/or condition of the Property. <br />NEBRASKA-Single Family-Fann(e Mae/Fredd(e Mac UNIFORM INSTRUMENT Form 3028 1/01 <br />VMP p VMP6WE) (1105) <br />Wolters Kluwer Ftnancial Services Page 2 of 17 <br />