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s, <br />201nU'7382 <br />(C)"Lender"is Home Federal Savings and Loan Assn af 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 />L.ender's address is 221 South Locust St Grand I sl and NE 68801- <br />Lender is the beneficiary under this Security Insttwnent. <br />(D)'�Trustee" is Arend R Baack, Attorney <br />(E) "Nate" rneans the promissory note signefl by Borrower and dated 0 c t o b e r 0 5. 2 O 10 . <br />The Note states that Barrower owes Lender S E V E N T Y F I V E T H 0 U S A N D 0 N E H U N D R E � F I F T Y <br />AND ooiloo Dollars <br />(U.S. $ 75 ,150 . 00 ) plus interest. Borrower has promised to pay this debt in regular Periodic <br />Payments and to pay the debt in ful l not later than N o v e m b e r 1. 2 0 3 0 . <br />(F� "Praperty" means the property that is describe� below under the heading "Transfer of Rights in the <br />Property." <br />(G) "Loan" means the debt evidenced by the NoCe, plus interest, any prepayment charges and late charges <br />due under the Note, and all sums due under this Security Instrum�nt, plus interest. <br />(I� "Riders" means all Riders to this Security Instrument that are executed by Borrower. The follawing <br />Riders aze to be executed by Borrower [check box as applicable]: <br />� Adjustable Rate Rider 0 Condorninium Rider ❑ Second Home Rider <br />� Balloon Rider � Planned Unit Development Rid�r [� 1-4 Family Rider <br />� VA Rider 0 Biweekly Payment Rider � Other(s) [specify] <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 a11 applicable final, <br />nan-appealable judicial opinions. <br />(J) "Co�nmunity Association Dues, Fces, 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" rneans any transfer of funds, other than a transaction ariginated by <br />check, draft, or similar paper instrument, which is initiated through an electronic ternunal, telephonic <br />instrument, computer, or tnagnetic tape so as to order, insttvct, or authorize a�nancial institution to debit <br />or credit an account. Such term includes, but is not lirnited to, point-of-sale transfers, automated teller <br />machine transactions, transfers initiated by telephone, wire transfers, and autotanated clearinghouse <br />transfers. <br />(L) "Escrow Items" means those items that aze described in Section 3. <br />(M) "Miscellaneous Procceds" means any campensation, settlement, award of damages, ar proceeds paid <br />by any third party (other than insurance proceeds paid under the coverages described in Sectian S) for: (i) <br />darnage 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 />(1� "Mortgage Insurance" xneans insurance protecting Lender against the nonpayrnent of, or default on, <br />the Loan. <br />NEBRASKA - Single Family - Fannie MaelFreddie Mac UNIFORM INSTRUMENT <br />�-61NE) los>>1 Pa9e2ot ts i�n�a�s� Form 3028 1/01 <br />� <br />