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2010U'"1874 (C)"Lender"is Home Federal Savings and Loan Assn of Grand Island Lend�r is a Savi ngs and Loan organized and existing under the laws of T h e S t a t e o f N e b r� s k a Lender's address is 22�. South Locust St Grand Isl and NE 68801- I.,ender is the beneficiary under this Security Instrument. (D) "Trustee" is Arend R Baack, Attorney (E) "Note" means the promissory note signed by Borrower and dated � c t o b e r 2 2, 2 010 . The Note states that Borrower owes Lender THREE HUNDRED EIGHTY FIVE TMOUSAN� NINE HUNDRED SEVENTY FIVE AND 00/100 Dollars (U.S. $ 385 , 975 . 00 ) plus interest. Borrower has promised to pay this debt in regular Periodic Payraents and to pay the debt in full not later than N o v e m b e r 1. 2 0 2 5 . (F� "Property" rneans 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 lat� charges due under the Note, and all sums due under this Security Instrument, plus interest. (I� "Riders" means all Riders to this Security Instrurnent that are executed by Borrower. The following Riders are to be executed by Borrower [check box as applicable]: � Adjustable Rate Rider 0 Condominium Rider 0 Second Homs Rider � Balloon Rider ❑ Planned Unit Development Rider � 1-4 Fannily Rider ❑ VA Rider 0 Biweekly Fayment Rider ❑ Other(s) [specify] (I) "Applicable Law" means a,ll controlling applicable federal, state and local statutes, regulations, ordinances and administrative rules and orders (tl�at have tlie effect of law) as well as all applicable �nal, non-appealable jndicial opinions. (.n "Communxty Association Dues, Fees, and Assessments" means all dues, fees, assessments and other charges that are imposed on Borrower or the Property by a condominium assaciation, homeawners association or similar organization. (K) "Electronic Funds Transfer" rneans any transfer of funds, other than a transaction originated by check, draft, or sirnilar paper instrurnent, which is initiated through an electronic terminal, telephonic instrurnent, computer, or rnagnetic tape so as to order, instruct, or authorize a financia� institution to debit or credit an account. Such term includes, but is not limited to, point-of-sale transfers, automated teller machine transactians, transfers initiated by telephone, wire transfers, and autornated clearinghouse transfers. (L) "Escrow Items" means those items that are described in Section 3. (M) "Miscellaneous Proceeds" rneans any compensation, settlement, award of damages, or proceeds paid by any third party (other than insurance proceeds paid under the coverages described in Section 5) far: (i) damage ta, or destruction of, the Property; (ii) condemnation or other taking of a11 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" means insurance protecting Lender against the nonpayment of, or default on, the Loan. NEBRASKA - Single Family - Fannie MaalFreddie Mac UNIFORM INSTRUMEN7 �-6�NE) 108>>1 Paga 2 of 15 ininsis: Form 3028 1/01 �