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�0104839� (C) "Lender" is Home Federal Savings and Loan Assn of Grand Isl and T_.ender 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 a s k a Lender's address is 221 5outh Locust St Grand I sl and NE 68$01- Lender is the beneficiary under this Security Instrument. (D) "Trastee" is Arend R Baack. Attorney (E) "Nate" means the promissory note signed by Borrower aztd dated N o v e m b e r' 0 4, 2 010 . 1fie Note states that Borrower owes I.ender ONE HUNDRED TWENTY E IGHT THOUSAND AND 0 0/ 10 0 Dollars (U. S. $ 12 $, 0 0 0. 0 0 ) plus interest. Borrower has promised to pay Chis debt in regular Periodic Y Payments and to pay the debt in full not later than D e c e m b e r 1. 2 0 4 0 . (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 prepayznent 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 0 Condominium Rider � Second Home Rider [] Balloon Rider [� Planned Unit Development Rider 0 1-4 Family Rider [� VA Rider 0 Biweekly Payment Rider � Other(s) [specifya (I) "Applica6le 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 �nal, non-appealable judicial opinions. (� "Community Association Dues, Fees, and Assessments" means all dues, fees, assessments and other charges that aze irnposed on Borrower or the Property by a condominium association, homeowtzers associacion or similar organization. (I� "Electronic Funds Transfer" means any transfer of funds, other than a transaction originated by check, draft, or similar paper instrument, which is initiated through an electronic terminal, telephonic instzvment, computer, or magnetic tape so as to arder, instruct, or authorize a ftnancial institution to debit or credit an account. Such term includes, but is not lirnited to, paint-of-sale transfers, automated teller machine transactions, transfers initiated by telephone, wixe transfers, and automated clearinghouse transfers. (L) "Escrow Items" means those items that are described in Section 3. (1Vn "Miscellaneous Proceeds" means any compensation, settlernent, award of damages, or proceeds paid by any third party (ather than insurance proceeds paid under the coverages described in Section 5) for: (i) damage 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; ar (iv) misrepresentations of, or omissions as to, the value and/or condition of the Property. (1� "Martgage Insurance" means insurance protecting Lender against the nonpayment of, or default on, the I.oan. NEBRASKA - Single Family - Fannia Mae/Freddia Mac UNIFORM INSTRUMENT �-6�NEIIO8ti1 Paga2of15 i��c�ais: Form3028 1/01 m ��