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m 2oioos��s (C)"Lender"is Home Federal 5avings and Loan Assn of Grand Island L.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 l�ocus� St Grand I sl and NE 6$801- Lender is the beneficiary under this Security Instrument. (D) "Truste.e" is Arend R Baack, Attorney (E) "Note" rneans the promissory nota signed by Borrower and dated N o v e m b e r 16 . 2 O 10 . The Note states that Borrower owes I.ender � I G H T Y E I G MT T H 0 U SA N D F I V E H lJ N D R E D AN b 0 0/ 10 0 Dallars (U. S. $ 88 . 5 0 0. 0 0 ) plus interest. Borrower has promised to pay this debt in regnlar Periodic Payments and to pay the debt in full not later than D 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 Nate, and all sums due under this Security Tnstrurnent, plus interest. (I� "Rideirs" means all Riders to this Security Instrument that are executed by Borrower. The following Riders are to be executed by Borrower [check box as applicable]: 0 Adjustable Rate Rider ❑ Condominium Rider ❑ Second Home Rider 0 Balloon Rider ❑ Planned Unit Development Rider � 1-4 Family Rider � VA Rider � Biweekly Payment Rider 0 Ocher(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 all applicable �na1, non-appealable judicial opinions. (J) "Community Association Dues, Fces, and Assessments" means all dues, fees, assessrnents and other charges that are imposed on Borrower or the Property by a condominiurn association, hameowners association or similar organization. (K) "Electronic �'unds Transfer" means any transfer of funds, other than a transaction originated by check, draft, or similar paper instrument, which is initiaced tk�rough an electronic terminal, telephonic instrurnent, computer, 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 to, point-of-sale transfers, automated teller machine transactions, transfers initiatcd by telephone, wire transfers, and autornated clearinghouse transfers. (L) "Escrow Items" means those items that are described in Section 3. (11� "Miscellaneous Proceeds" �neans any compensation, settlement, award of damages, or proceeds paid by any third party (other than insurance prpceeds paid under the coverages described in Section 5) for: (i) damage ta, or destruction of, the Property; (ii) condemnation or other taking af 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 conditian pf the Property. (I� "Mortgage Insurance" means insurance protecting L.ender against the nanpayrnent of, or default on, the Lcaan. .* NEBRASKA - Single Family - Fannie MaelFreddie M�c UNIFORM INSTRUMENT T � �-��NE� (0817) Pape 2 ot 15 inieiais: I� Form 3Q28 1/01