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2oious400 (C) "Lender" is Home Federal Savi ngs and Loan Assn of Grand I sl and �.ender'is a Savi ngs and Loan organized and existing under the laws of 7 h e S� a t e o f N e b r a s k a Lender's address is 221 South Lp�ust St Grand Isl 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 Borrower and dated N o v e m b e r 0 4, 2 O 10 . The Note states that Sorrower owes L.ender F I F T Y T H 0 U S A N D A N D p 0/ 10 0 Dollars (U.S. $ 50 , 000 . 00 ) plus interest. Barrower has promised to pay this debt in regular Periodic Payments and to pay the debt in full not later than D e c e m b e r 1, 2 0 2 5 . (� "Property" xneans che 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 prepayrnent charges and late charges due under the Note, and all sums due under this Secuxity Tnstrument, plus interest. (� "Riders" means all Riders to this Security Instrument that are executed by Borcower. The following Riders aze to be executed by Borrower [check box as applicable]: 0 Adjustable Rate Rider � Candominium Rider � Second Home Rider � Balloon Rider ❑ Planned Unit Development Ridex ❑ 1-4 Farnily Rider � VA Rider 0 Biweekly Payrnent Rider 0 Other(s) [specify] (I) "Applicable Law" means all concrolling 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. (J) "Community Association Dues, Fees, and Assessments" means all dues, fees, assessments and other charges that are imposed an Borrower or the Property by a condominium association, homeawners association or similar organization. (K) "Electronic Funds Transfer" means any transfer of funds, other than a transaction ariginated by check, draft, or similar paper instrument, which is initiated through an electronic terminal, telephonic instrument, cornputer, or magnetic tape so as to order, instruct, or 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 clearinghpuse transfers. (L) "Escrow Items" rneans those items that are described in Section 3. (M) "Miscellaneous Proceeds" means any compensation, settlernent, award of damages, or proceeds paid by any third party (other 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) conveyanc� in lieu of condernnation; or (iv) misrepresentations of, or omissions as to, the value and/or condition of the Property. (1� "Mortgage Insarance" means insurance protecting Lender against the nonpayment of, or default on, the Loan. NEBRASKA - Single Family - Fannie Mae/Freddie Mac LINIFORM INSTRUMENT �-6(NE► Iost tl Pege 2 of 15 in�ciais:� Form 3028 1I01