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201205209 <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 Th e St ate 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 Borrower and dated J u n e 2 2, 2 012 . The Note <br />statesthatBorrowerowesLender ONE HUNDRED THIRTEEN THOUSAND AND 00/100 <br />Dollars (U. S. $113 , 0 0 0. 0 0 ) plus interest. Borrower has promised to pay this debt in regular <br />Perialic Payments and to pay the debt in fu1l not later than Jul y 1, 2027 . <br />(F) "Property" means the property that is described below under the heading "Transfer of Rights in the <br />Property." <br />(G) "Loarr" means the debt evidencect by the Note, plus interest, any grepayment charges and late charges due <br />under the Note, �nd alI sums due under this Security Instrument, plus interest. <br />(H) "Riders" means alI Riders to this Security Instrument that are executec� by Borrower. The following Riders <br />are to be executed by Borrower [check box as applicable]: <br />0 Adjustable Rate Ricter 0 Condominivm Rider � Se�and Home Rider <br />0 Batic�on Rider 0 Pla�ced �7mt Development Rider 0 r-4. ��y �aia:�r <br />� VA Rider 0 Biwe.e�j.y Pa}+ment Rider � flther(s) [specify] <br />(1) "Applicable Law" means all controlling agplicable federal, state and local statutes, regularions, ordinances <br />and administrative ntles and orders (thax have the effect of law) as well as all applicable final, non-appealable <br />judicial opimons. <br />(J) "Community Associatior� Dues, Fees, arrr� Assessments" means all dues, f�s, assessments and other <br />charges that are imposed on Borrower or the Froperty by a condominium association, homeowners <br />association or similar organization. <br />(K) "Electronic Funds Transfer" means any transfer of funds, other than a transacrion originated by ch�k, <br />draft, or similaz paper instrument, wlrich is iniriated through an ele.ctronic terminal, telephonic instnunent, <br />computer, or magneric tape so as to order, instruct, or authorize a financial insritution 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 iniriated by telephone, wire transfers, and automated clearinghouse transfers. <br />(L) "Escrow Items" means those items that are described in Section 3. <br />(M) "Miscellaneous Proceeds" means any compensation, settlement, award of da.mages, or proceeds paid by <br />any third pariy (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 condemnarion; or (iv) misrepresentations of, or omissions as to, the <br />value and/or condition of the Property. <br />NEBRASKA-Single Family-Fannie MaelFreddie Mac UNIFORM INSTRUMENT Form 3028 1/01 <br />VMP Q VMP6iNE) (1105) <br />Wolters Kluwer Financfal Services Page 2 of 17 <br />