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201008932 (C) "Lender" is Home Federal Savings and Loan Assn of Grand Isl and 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 South Lacust St 6rand I sl and NE 68801- Lender is the beneficiary under this Security Instrument. (D) "Trustee" is Arend R Baack. Attorney (E) "Note" means the protnissozy note signed by Borrower and dated N o v e m b e r 2 9, 2 O 10 . 'The Note scates that Borrower owes T.ender ONE HUNDRED F I FTY ONE THOUSAND F I FTY AND 00/100 Dollars (U.S. $ 151, 050 . 00 ) plus interest. Borrawer has pro:mised 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 4 0 . (� "Piraperty" means the praperty that is described below under the heading "Transfer of Rights in the Property." (G) "Loan" means the debt evidenced by the Note, plus interest, aziy prepayment chaxges and late chaxges due under the Note, and all sums due under this Security Instrument, plus interest. (I� "Riders" means all Riders to this Security Instrument that are execute� by Borrower. The following Riders are to be executed by Borrower [check box as applicable]: ❑ Ad}ustable Rate Rider 0 Condominiurn Rider � Secand Home Rider [� Balloon Rider � Planned Unit Development Rider 0 1-4 Family Rider 0 VA Rider �] Biwe�kly Payment Rider � Other(s) [specify] (n "Applicable Law" means all controlling applicable federal, state and local statutes, regulations, ordinances and administrative rules az�d orders (that have the effect of law) as well as all applicable final, non-appealable judicial apinians. (� "Community Assceiatian Dues, Fees, and Assessments" means all dues, fees, assessments and other charges that are imposed on Bonower or the Property by a condorniniutn association, hozneowners association or sirnilar organization. (K) "Electronic Funds Transfer" means any transfer of funds, other than a transaction originated by check, draft, or sirnilar paper instrurnent, which is initiated thraugh an electronic ternunal, telephonic instrument, computer, or magnetic 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 xnachine transactions, transfers initiated by telephone, wire transfers, and automated clearinghouse transfers. (L) "Escrow Items" rneans 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 (other than insurance proceeds paid under the coverages described in Section 5) far: (i) damage to, or destruction of, the Froperty; (ii) condemnation or other taking of all ar any part of the Prnperty; (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 protecting Lender against the nonpayrnent of, or default on, the Loan. NEBRASKA - Single Family - Fanr►ie Mae/Freddie Mac UNIFORM INSTRUMEN7 �-B�NE) loai i1 Page 2 of 15 inic�ais: Form 3028 1l07