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<br />200802081 <br /> <br />(C) "Lender" is Home Federal Savings and Loan Assn of Grand Island <br /> <br />Lender is a Savings and Loan <br />organized and existing under the laws of The State of Nebraska <br />Lender's address is 221 South Locust St Grand Island NE 68801- <br /> <br />Lender is the beneficiary under this Security Instrument. <br />(D) "Trustee" is Arend R Baack, Attorney <br /> <br />(E) "Note" means the promissory note signed by Borrower and dated February 22, 2008 <br />The Note states that Borrower owes Lender ONE HUNDRED THIRTY TWO THOUSAND NINE <br />HUNDRED FIVE AND 00/100 Dollars <br />(U .S. $ 132,905.00 ) plus interest. Borrower has promised to pay this debt in regular Periodic <br />Payments and to pay the debt in full not later than March 1, 2038 <br />.. .... . uuuu .u(F) "PrOperty" means tbe property Jhatis described below under the heading "Transfer of Rigbts in the <br />Property. It <br />(G) "Loan" means the debt evidenced by the Note. plus interest, any prepayment charges and late charges <br />due under the Note, and all sums due under this Security Instrument. plus interest. <br />(H) "Riders" means all Riders to this Security Instrument that are executed by Borrower. The following <br />Riders are to be executed by Borrower [check box as applicable]: <br /> <br />D Adjustable Rate Rider <br />D Balloon Rider <br />D VA Rider <br /> <br />D Condominium Rider [~J Second Home Rider <br />D Planned Unit Development Rider D 1-4 Family Rider <br />D Biweekly Payment Rider [J Other(s) [specify] <br /> <br />(I) "Applicable Law" means all controlling applicable federal. state and local statutes, regulations. <br />ordinances and administrative rules and orders (that have the effect of law) as well as all applicable final. <br />non-appealable judicial opinions. <br />(J) "Community Association Dues, Fees, and Assessments" means all dues, fees. assessments and other <br />charges that are imposed on Borrower or the Property by a condominium association. homeowners <br />association or similar organization. <br />(K) "Electronic Funds Transfer" means any transfer of funds, other than a transaction originated by <br />check, draft, or similar paper instrument. which is initiated through an electronic terminal, telephonic <br />instrument, computer, or magnetic tape 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 />...m.....u.m...mu..... .......... ... ......ffiacbioe..Jra:l1sactions... transfersminitiateduuby. ...telephone,.. . wire. transfers.mand....automated ....clearinghouse... <br />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 <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 />(N) "Mortgage Insurance" means insurance protecting Lender against the nonpayment of, or default on, <br />the Loan. <br /> <br />e-6INEII0407l.02 <br />~ <br /> <br />Initi.IS:~{) <br /> <br />Page 2 of 15 <br /> <br />Form 3028 1/01 <br />