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2�120�07� <br />(C)"Lender"� Home Federal Savings and Loan Assn of Grand Island <br />Lender is a Savi ngs and Loan <br />orgazrized and elcisting 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 Isl 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 A u g u s t 24 . 2 012 <br />The Note states that Bonower owes T.ender TWO HUNDRED THOUSAND AND 00 / 100 <br />Dollars <br />(iJ.S. $200. Q00. 00 ) plus interest. Borrower has promised to pay this debt in regulaz Periodic <br />Payments and to pay the c�ebt in full not later than September 1, 2042 . <br />(F� "Property" means the praperty tir�t is descril�ed below under the heading "Transfer of Rights in the <br />Property " <br />(G) "I.oan" means the debt evidenced by the Note, plus interest, auy prepayment charges and late chazges <br />ciue under the I�ote, and aII sums due ux►der this Security Instivnient, glus interest. <br />(H� n Riders" means alI Riders to tt�is Security Instrument that are e�ecuted by Borrower. The following <br />Rideis are to be executed by Boarovver �check bax as applicablej: <br />Q Ac�Zust�6Fe Rate Rider 0 Con�miaium Ri�r � Secorni I�ome Rider <br />0 BaII�n Ri�eF � Pl�ed UIIit Deveiepment Rides � I-4 Fa�sily Ricter <br />� vA Rider � aiw�kty Pay�ent Riaer Q(hher(s1 E�IfY� <br />�"Apgbic�le Law" means aIl cosuolliag a�p�icable federal, state and local statutes, regulations, <br />ordiBances an� administrative rules an� orders (t�at have the effect af law) as well as all agplicable final, <br />noa-agpea�able judicial opinions. <br />(� "Comm�sity Assoei�tion Dues, Fees, and A�ssme�ts" means att dues, fees, assessments and other <br />charges t�at are imposed on Boarov�er oF the Properly by a co��ivm asscxiation, homeownsrs <br />association or similar organizarion. <br />(K) "�ectronic Fnnds Transfer" means any trdnsfer of fvnds, other than a transacrion originated by <br />check, draft, or similar paper instrument, which is nutiated tt�rough an ele,ctronic terminal, teTephonic <br />in��enr, �mputer, or magnetic ta� so as to order, instruct, or authorize a financial institution to debit <br />or credit an account. Such term includes, but is not limited to, point-of-sale transfers, automated teller <br />machine transacrions, transfers initiated by telephone, wire transfers, and automated cle.aringhouse <br />transfers. <br />(L) "Escrow Items" means those items that aze described in Secrion 3. <br />(Nn "Miscellaneous Proceeds" means any comgensation, settlement, awatd of damages, or praceeds paid <br />by any third party (other than insurance proceeds paid under the coverages described in Section 5) for: (i) <br />damage to, or destruction 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 />(1� "Mortgage Insurance" means insurance protecting Lender against the nonpayment of, or default on, <br />tt►e Loan. <br />�nrcia�s: l � <br />�-6GINE) t000sl.oi Page 2 of 15 Form 3028 1/01 <br />� <br />