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201204899 <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 The St a t e o f N eb r a s k a <br />Lender's address is 221 South Locust St Grand Isl and NE 68801- <br />Lender is the beneficiary under this S�urity Instrument. <br />(D) "Trustee" is Arend R Baack, Attorney <br />(E) "Note" means the promissory note signed by Bonower and dated J u n e 15 . 2 012 . The Note <br />statesthatBorrowerowesLender NINETY SEVEN THOUSAND AND 00/100 <br />Dollazs (LT. S. $ 9 7, 0 0 0. 0 0 ) plus interest. Borrower has promised to pay this debt in regulaz <br />Periodic Payments and to pay the debt in full not later than J u 1 y 1, 2 0 42 . <br />(F) "Property" means the pmperty that is described below under the heading "Transfer of Rights in the <br />Property." <br />(G) "Coan" means the debt evidenced by the Note, plus interest, any prepayment charges and late charges due <br />under the NoEe, and all sums due vncter this Security Instrument, plus interest. <br />(H) "Riders" means a1I Itiders to this Security Tnstrument that are executed by B�nower. The following Riders <br />are to be exec�t� by �orrower [check box as applicable}: <br />0 AdJustabte Rate Ric3er 0 Condominium Rider 0 Second Home Rider <br />0 Ballc�on Rider Q Plaffi� Unit Development Rider 01-4 Family Rider <br />0 VA Rider 0�iweekty Payment Rider � Other(s) [sPeeifY} <br />p) "Applicable Law" means all, cvntrolling applicable federal, state and l�al statutes, regula�ions, ordinances <br />and administrative niles and orders (thai have the effect of law) as well as all applicable final, non-appeatable <br />judiciat opinions. <br />(J) "Community Association Du�, Fees, and Ass�smenfis" means all dues, fees, assessments and other <br />charges that are imposed on Borrawer or the Progerty by a condominium association, homeowners <br />association or similaz organization. <br />(K1 "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 instivment, <br />computer, or magnetic tape so as to order, instruct, or authorize a financial institution to debit or credit an <br />account. Such term includes, but is not limited to, point-of-sale transfers, automated teller machine <br />transactions, transfers initiated by telephone, wire transfers, and automated clearinghouse transfers. <br />(Li "Escrow Items" means those items that are described in Section 3. <br />(M) "Miscellaneous Proceeds" means any compensation, settlement, awazd of damages, or proceeds paid by <br />any third party (other than insurance proceeds paid under the coverages describe� in Section 5) for: (i) <br />damage to, or destrucrion of, the Property; (ii) condemnation or other taldng 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 andlor condition of the Property. <br />NEBRASKA-Single Fam(ly-Fannie Mae/Freddie Mac UNIFORM INSTRUMENT Form 3028 1/01 <br />VMP � VMPBINE) (1105) <br />Wolters Kluwer Financ(al Services Page 2 of 17 <br />