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20120�1 (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 heneficiary under this Security Instrument. (D) "Trustee" is Arend R Baack, Attorney (E} "Note" means the promissory note signed by Bonower and dated Au g u s t 2 I, 2 012 . The Note states that Borrower owes Lender ONE HUNDRED TWELVE THOUSAND AND 00/100 Dollazs (U. S. $ I 12 . 0 Q 0. 0 0 ) plus interest. Borrower has promis� to pay this debt in regulaz Periodic Paymeats �d to pay the debt in full not later than September I, 2027 . (� "6'roperty" means the property that is described below under the heading "Transfer of Rights in the P�'oPertY " �G} "�oan" mea�s the cFebt evidenced by the Note, plus interest, aa►y prepayment charges and late chazges due under the Note, �d alI suu�s due vnder tl�us Security Instrument, plus interest. �EII "Rida�rs" m�s a.l� Riders to this Secvrity �ment that are exeeutect by Borrower. The following Riders are t� be e�a� hy Barrower [check box as applicablej: Q Ac��nstable Rate Rider 0 Conc�mi�iwn Rider 0 S�ond I-�ome Ltider Q�ooa Ztiefies Q Platmed Unit I1eve�oy�nent Ric�s � I-� Fa�xrily Rider Q VA Itider 0 Biw+ee&ly I�yment Iticter 0(htier(s) EspecifYl (t) "Applicable Law° means all controlling applicable federal, state and local statutes, regulations, ordinances and ad�inistsative nTIles atcd orders (that have the eff�t of Iaw) as well as alI applicable fma}., non-appealable judicia� opiaioffi. BJb "Communety► Associatian Dues, Fees, and Assessm�nts" means all dues, fees, assessments and other charges that are imposed on Borrower or the Progerty by a condominium association, homeowners association or similar arganization. (K� °Electronic Funds Transfer" means any transfer of funds, other than a transacrion originated by check, draft, or similar paper insttvment, which is initiated through an electronic terminal, telephonic instrument, computer, or magnetic tape so as to order, instruct, or authorize a fmancial institurion to debit or credit an account. Such term includes, but is not lunited to, point-of-sale transfers, automated teller machine transactions, traz►sfers iniriated by telephone, wire transfers, and automated clearinghouse transfers. (L) "Escrow Items" means those items that aze described in Secrion 3. (M) "Miscellaneous Proceeds" means any compensarion, 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 destrucrion of, the Property; (ii) condemnation or other taking 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 condirion of the Property. NEBRASKA•Single Femily-Fennie Mae/Freddie Mac UNIFORM INSTRUMENT Form 3028 1/01 VMP � VMP6INE) (1105) Wolters Kluwer Financiel Services Page 2 of 17