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201008335 (C) "Lender" is Home Federal Savi ngs and Loan Assn of Grand I sl and Lender is a Savi ngs and Loan organized and existing under che 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 5outh Locust St Grand Is1 and NE 68801 - Lender is the bene�ciary under this Security Instrurnent. (D) "Trustee" is Arend R Baack, Attorney (E) "Note" means the promissory note signed by Borrowex and dated N o v e m b e r 0 2. 2 010 . The Note states that Borrower owes Lender S� V E NT Y F I V E T H Ol1 SAN D F I V E H U N D R E D A N d 0 o i i o o Dorr�s (U.S. $ 75 , 50U . 00 ) plus interest. Borrower has promised ta pay this debt in regular Periodic Payments and to pay the debt in full not later than � e c e m b e r 1, 2 0 4 0 . (� "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 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 � Condominium Rider 0 Secand Home Rider ❑ Ballodn Rider � Planned Unit Developrnent Rider � 1-4 Family Rider ❑ VA Ridcr � Biweekly Paym�nt Rider 0 Other(s) [specify] (I) "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 a11 applicable final, non-appealable judicial apinions. (,n "Community Association Dues, Fees, and [Lssessments" means all dues, fees, assessments and other charges that are imposed on Borrower or the Property by a condominium association, homeowners association or similar organization, (K) "Electronic �nds Transfer" ameans any transfer of funds, other than a transaction originated by check, draft, or sirnilar paper instrument, which is initiated through an electronic terminal, telephonic instrument, computer, or rnagnetic tape so as to order, instruct, or authorize a�nancial institution to debit or credit an account. Such term includes, but is not limited to, point-oF sale transfers, automated teller machine transactions, transfers initiated by telephone, wire transfers, and automated clearinghouse transfars. (L) "Escrow Items" rneans those items that are described in Seccion 3. (M) "Miscellaneous Proceeds" means any compensation, settlement, award of damages, or proceeds paid by any third party (other than insurauce proceeds paid under Che coverages described in Section S) for: (i) damage to, or destruction of, the Property; (ii) condernnation or other taking of all or any part of the Property; (iii) conveyance in lieu of condemnatian; or (iv) misrepresentations of, or omissions as to, the value and/or condition of the Property. (1� "Mortgage Insurance" rneans insurance protecting Lender against the nonpayment of, or default on, ttle Loan. ;�� NEBHASKA - Single Family - Fannie MaelFreddie Mac UNIFORM INSTRUMENT �-B�NE) laat t 1 Pege 2 of 15 InitialS: V � Form 3Q28 7I07 �` � � ) �J .:."� r �. . � �..Y