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201207194 <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 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 date� August 28 . 2012 . The Note <br />states that Borrower owes Lender TWO HUNDRED THREE THOUSAND TWO HUNDRED �. RND <br />00/100 <br />Dollars (iJ.S. $203 , 200 . 00 ) plus interest. Borrower has promised to pay ttus debt in regular <br />Periodic Payments and to pay the debt in full not later than September 1, 2042 . <br />(F} °Property" means the property that is describec� below under the heading "Transfer of Rights in the <br />Property." <br />(G� "Loan" means the debt evidenced by the Note, plus interest, any pregayment charges and late charges due <br />under the l�tote, and all sums due under this S�urity Tnstrument, plus interest. <br />(H) "Riders" means alI Riders to this Security Iastrument that are executed by Borrower. The follow+ing Ricters <br />are to be ex�ut� by Borrower [check �x as agp�icatsle�: <br />0 Adjustable Rate Rider � Coadon�imviu ltider Q Secvnd Home Rider <br />0 Balloog Rider 0 Plaaned Uait Development Rider 0 I-4 Family Rider <br />0 VA Ric�er 0 Biweekty Payment Ri�er Q Elther(s) [specifyl <br />(1) "Appficable Law" means all controlling applicable federai, state a� locai statutes, regularions, ordinances <br />and administrative rules and orders (that have the effect of law} as well as alI applicable final, non-appealable <br />judicial apinions. <br />(•�i "Cor�munity Association Dues, Fees, an� Ass�sc�ents" means alI dues, fees, assessments and other <br />chazges that are imposed on Bonower or the Property by a condominium assaciarion, hom�wners <br />association or similar organization. <br />(K) "Electronic Functs Transfer" means any transfer of funds, other than a transaction originated by check, <br />draft, or similaz paper instrument, which is iniriated through an electronic terminal, telephonic instrument, <br />computer, or magnetic tape so as to order, instruct, or authorize a financial insriturion 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 cleazinghouse transfers. <br />(L) "Escrow Items" means those items that are described in Section 3. <br />(M) "Miscellaneous Proceeds" means any compensation, settlement, award of damages, or proceeds paid by <br />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 condirion of the Property. <br />NEBRASKA-Single Family-Fannfe Mae/Freddte Mac UNIFORM INSTRUMENT Form 3028 1/Ot <br />VMP � VMP6(NE) (1105) <br />Wolters Kluwer Financial Services Page 2 of 17 <br />