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20120719� <br />(C) "Lender"isHome Federal Savings and Loan Assn of Grand Island <br />L.ender 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 acYdr�s is 221 South Locust St Grand I sl and NE 68801- <br />Lender is the beneficiary under this S�urity Instrument. <br />(D) "Trustee" is Arend R Baack, Attorney <br />(E1 "Note" means the promissory note signed by Borrower and dated A u g u s t 2 4, 2 012 . The Note <br />states that Borrower owes Lender NINETY TWO THOUSRND THREE HUNDRED aND 00/100 <br />Dotlars (U.S. $ 92 , 3 0 0. 0 0 ) plus interest. Borrower has promised to pay this debt in regulaz <br />Periodic Payments and to pay the debt iu full not later than S e pt e m b e r 1, 2 0 42 . <br />(F) "Property" means the property that is described below vnder the heading "Traasfer of Rights in the <br />Property " <br />(G) "Loan" meaIIS tfie debt evidenced by tfie Note, plus interest, any grepayment charges and late charges due <br />under the Note, and all sums due under this Secvrity Instrument, plus interest. <br />lHl "Riders" means alI Riders to this Security Instrument that are executecT by Borrower. The follo�ariag Riders <br />are to be e&ecuted by Borrower [ch�k box as applicablej: <br />0 Adjustable Rate Rider � Condominium iiider 0 Second Home Rider <br />0�alloan Rider 0 Planned Unit Developn�ent Riaier 0 1-4 Family Rider <br />0 VA Rider 0 Biweekly Payment Rider Q(3ther(s) [specify} <br />(t) "Applicable Law" means all controlling agplicable federal, state and Iocal statutes, regulations, ordinances <br />and administrative rules and orders (that have the effect of Iaw) as well as a1I agplicable final, non-agpealable <br />judicial opinions. <br />(Ji ° Community Association Dues, Fees, and Assessments" ffieans a11 dues, fees, a�ts and other <br />charges that are impos�i on Borrower or the Property by a coIIdominiwn associarion, homeowners <br />association or similar organization. <br />(K) "Electronic Fc�nds Transfer" means any transfer of funds, other than a transaction originatect by check, <br />draft, or similaz paper instrument, which is initiated through an electronic terminal, telephonic instrument, <br />computer, or magnetic tape so as to order, instruct, or authoriae 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 initiated 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 damages, or praceeds paid by <br />any third party (other than insurance proceeds paid under the coverages described in Secrion 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 condemnation; or (iv) misrepresentarions of, or omissions as to, the <br />value and/or condition of the Property. <br />NEBRASKA-Single Family-Fannie Mae/Freddie Mac UNIFORM INSTRUMENT Form 3028 1/Ot <br />VMP Q VMP6INE) 11105) <br />Wolters Kluwer Financial Services Page 2 of 17 <br />