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200214001 (C) "Lender" is Home Federal Savings and Loan Assn of Grand Island Lender is a Savings and Loan organized and existing under the laws of The State of Nebraska Lender's address is 221 South Locust St Grand Island HE 6EE01- Lender Is the beneficiary under in, Security Instrument. (D) "Trustee" i5 Arend R Baack, Attorney (E) "Note" means the promissory note signed by Burrower and dated December 11th, 2002 The Note states that Borrower owes Lender ONE HUNDRED SIXTY THOUSAND AND 00 /100 Dollars (U.S. $160, 000.00 ) plus internal. Borrower has promised to pay this debt in regular Periodic Payments and no pay the debt in full not later than aanuary 1, 2023 (F) "Property" means the property that is described below under the heading "'transfer of Rwhts in the Property ' (C) "Loan" means the debt evidenced by the Note, plus inleresl, any prepayment charges and late charges due under the Note, and all sums due under this Security Instrument, plus interest. (11) "Riders" means all Riders m this Security Instrument that are executed by Borrower. The following Riders are to be executed by Borrower [check box as applicahlcl: Adjustahle Rate Rider Condominium Rider �_ Second Home Rider J Balloon Rider Planned Unit Devclupntcnl Rider 1 -4 Family Rider I VA Rider —J Biweekly Payment Rider Others) [spccifyl (1) "Applicable Law" means all controlling applicable federal, shine and local statutes, regulations, urdinances and administrative rules and orders (that have the eftect of law) as well as all applicable final, non - appealable judicial opinions. (J) "Community Association Dues, Fees, and Assessments" means all dues, fees, assessments and other charges that are imposed on Borrower or the Property by a condominium association, homeowners associalion or similar organization. (K) "Electronic Funds Transfer" means any transfer of founds, other than a transaction originated by check, draft or similar paper instrument, which is initiated through an electronic terminal, telephonic instrument, ennputer, nr magnetic tape so as to order, instruct, or authorize a tinaneial institution to debit or credit an account. Such term includes, but is na limited to. point-of sale transfers, automated teller machine transactions, transfers initiated by telephone, wire transfers, and autumatal clearinghouse transfers. t (L) "Escrow Items" means those items that are described in Section 3. (M) "Miscellaneous Proceeds" means any compensation, sculenient, award 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 destruction of, the Property. Ill) condemnation or other taking of all or any part of the Property: (iii) conveyance in her of condemnation; or (iv) rnisrepo scntations of, or omissions as to, the value and /or condition of the Property. (N) "Mortgage Insurance" means insurance protecting Lender against the nonpayment of, or default on, the Loan. -61NE1 i000m.ot a "oe o ", 11 Form 3028 1101 v