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20100'7325 <br />(C) "Lender" is Home Federal Savings and Loan Assn of Grand Island <br />Lender is a Sava.ngs and Loan <br />organized and existing under the laws of The state of xebraska <br />Lender's address is 221 South Locust St Grand Island 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 dated octobear 05, 2010 <br />The Note states that Borrower owes Lender ONE HUNDRED THIRTY THREE THOUSAND FIVE <br />HUNDRED AND 00/100 Dollars <br />(U.S. $ 133, 500.00 )plus interest. Borrower has promised to pay this debt in regular Periodic <br />Payments and to pay the debt in full not later than November 1, 2025 <br />(1~ "Property" means the property that is described below under the heading "Transfer of Rights in the <br />Property. " <br />(G) "Loan" means the debt evidenced by the Note, plus interest, any prepayment charges and late charges <br />due under the Nate, and all sums due under this Security Instrument, plus interest. <br />(Ii) "Riders" means all Riders to this Security Instniment that are executed by Borrower. The fallowing <br />Riders are to be executed by Borrower [check box as applicable]: <br />0 Adjustable Rate Rider 0 Condominium Rider C] Second Home Rider <br />0 Balloon Rider 0 Planned Unit Development Rider [~ 1-41~amily Rider <br />[~ VA Rider 0 Biweekly Payment Rider [~ Other(s) [specify] <br />m "Applicable Law" means ail 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 />(~ "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 />(I~ "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 />machine transactions, transfers initiated by telephone, wire transfers, and automated clearinghouse <br />transfers. <br />(L) "Escrow Items" means those items that are described in Section 3. <br />(1V>7 "Miscellaneous Proceeds" means any compensation, settlement, award of damages, ar proceeds paid <br />by any third party (other than insurance proceeds paid under the coverages described in Section S) for: (i) <br />damage to, or destruction of, the Property; (ii) condemnation or other taking of all pr 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 />(~ "Mortgage Insurance" means insurance protecting Lender against the nonpayment of, or default an, <br />the Loan. <br />V <br />NEBRASKA -Single Family -Fannie Mae/Freddie Mae UNIFORM INSTRUMENT <br />-6(NE) loeitl aega2 of i5 in~c~ais: Fwm 3028 1/01 <br />