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20104��3 (C)"Lender"is Home Federal Savings and Loan Assn of Grand Island Lender is a Savi ngs and l.oan 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 Lender's address is 221 South Locust St Grand I sl and NE 68801- Lender is the beneficiary under this Security Instrurnent. (D) "Trustee" is Arend R Baack, Attorney (E) "Note" means the promissory note signed by Borrower and dated 0 c t o b e r' 18 , 2 O 10 . 'I�e Note states that Borrower owes Lender ONE HUNDRED SIXTY THREE THOUSAND FIVE HUNDR�D AND 00/100 Dollazs (U.S. $ 163 , 500 . 00 ) plus interest. Bonower has prornised to pay this debt in regular Periodic Payments and to pay the debt in futl not later than N o v e m b e r 1. 2 0 2 5 . (� "Property" means the property that is described below under the heading "Transfer of Rights in the Property." (G) "Loan" means the debt evidenced by the Note, plus interest, any prepayment charges and late charges due under the Note, and all sums due under this Security Instnunent, plus interest. (I� "Riders" �neans ail Riders to this 5ecurity Instrument that are executed by Bonower. The following Riders are to be executed by Borrower [check box as applicable]: [,.� Adjustable Rate Rider 0 Condominium Rider 0 Second Home Rider [] Balloon Rider � Plaiu�ed Unit Developxnent Rider �] 1-4 Family Rider [� VA Rider � Biweekly Payment Rider 0 Other(s) [specify] (n "Applicable Law" means all controlling applicable federal, state and local statutes, regulations, ordinances and administrative rules and orders (that have the effect of law) as well as all applicable final, non-appealable judicial opinions. (� "Commanity Association Dues, Fees, and Assessments" means all dues, fees, assessments and other charges that are impas�d on Borrower or the Property by a condorninium association, homeowners association or similar organization. (I� "Electronic Ftinds Transfer" means any transfer of funds, other than a transaction originated by check, draft, or similar paper instrument, which is inuitiated thraugh an electronic terminal, telephonic instrument, computer, or magnetic tape so as to order, instruct, ar authorize a financial institution to debit or credit an account. Such term includes, but is not limited ta, point-of-sale transfers, automated teller machine transactions, transfers initiated by telephone, wire transfers, and automated clearinghouse transfers. (L) "Escrnw Items" nr�eans those items that are described in Section 3. (Nn "Miscellan�us Proceeds" means any cornpensation, settlement, award of damages, or proceeds paid by any third party (other than insurance proceeds paid under the coverages described in Section 5) for: (i) darnage to, or destruction of, the Property; (ii) condemnation or other taking of all or any part of the Property; (iii) conveyance in lieu of condemnation; or (iv) misrepresentations of, or omissions as to, the value and/or condition of the Property. (1� "Mortgage Insurance" m�eans insuurance protecting Lender against the nonpayment of, or default on, the Loan. NEBRASKA - Single Family -�annie Mae/Fraddia Mac UNIFORM INSTRUMENT �-6�NE11oettl Pepe2of�s Initials: //I�} �� rm3028 1/07 �