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2oloosso� (C) "Lender" is Home Federal Savi ngs and Loan Assn of Grand Isl and Lender is a Savi ngs and Loan organized and existing under the laws of 7 h e S t a t e o f N e b r a s k a Lender's address is 221 5outh Lp�ust 5t Grand I sl and NE 68801- L,Qnder 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 N o v e m b e r 2 9. 2 O 10 . The Note states that Borrawer owes L,ender NINETY SEVEN THOUSAND SIX MUNDRED AND 0 0/ 10 0 Dollars (U. S. $ 9 7. 6 0 0. 0 0 ) plus interest. Borrower has promised to pay this debt in regular Periodic Payments and to pay the debt in full nat later than D e c e m b e r 1. 2 0 4 0 . (k� "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 Instnunent that are executed by Borrower. The following Riders are to be executed by Borrower [check box as applicable]: 0 Adjustable Rate Rider 0 Condominium Rider ❑ Second Home Rider � Balloon Rider � Planned Unit Development Rider 0 1-4 Family Rider � VA Rider � Biweekly Payment Rider � Other(s) [specify] (I) "Applicable Law" rneans all controlling applicable federal, state and local statutes, regulations, ordinances and administrative rules and oxders (that have the effect of law) as well as all applicable fina,l, non-appealable judicial opinians. (.n "Community Association Dues, Fees, and Assessments" mear�s all dues, fees, assessments and other charges ttxat are imposed on �arrawer or the Property by a condominium association, horneowners association ar similar organization, (K) "Electronic �nds Transfer" means any transfer of funds, other than a transacCion originated by check, draft, or sirnilar paper instrument, which is initiated through an �lectronic ternninal, telephonic instrument, computer, or magnetic tape so as to order, instruct, or authorize a financial inscitution to debit or credit an account. Such term includes, but is not limited to, point-of-salc transfers, automated teller machine transactions, transfers initiated by telephone, wire transfers, aud automated clearinghouse transfers. (L) "Escrow Itews" means those items that are described in 5ection 3. (1Vn "Miscellaneous Proceeds" means 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) 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 condemnation; or (iv) misrepresentations of, or omissions as to, the value and/or condition of the Property. (I� "Mortgage Insurance" means insurance pratecting Lender against the nonpayment of, or default on, the I.oan. NHBRASKA - Single Family - Fannie Mee/Freddie Mac UNIFORM INSTRUMENT �-61NE1 �osi i� Pape 2 ot 15 misiais:�� Fprm 3028 7/01