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2410U8995 (C)"Lender"is Home Federal Savings and Loan Assn of Grand Island I.,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 LoGUSt St Grand Isl and NE 68801- I.ender is the bene�iciary under this Security Instrurnent. (D) "Trustee" is Arend R Baack. Attorney (E) "Note" means the prornissory note signed by Borrower and dated Q� c e m b e r O 1, 2 O 10 . T'he Note states that Borrower owes Lender 0 N E H U N � RE D F I FTY F I V E 7 H 011 SAN D F I V E HUNDREb SEVENTY FIVE AND 00/lUD Dollars (U.S. $ 155 , 575 . 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 7. . 2 0 4 0 . (N� "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 a11 sums due under this Security Instrunnent, plus interest. (I� "Riders" means all Riders to this Security Instrurnent that are executed by Borrower. The following Riders are to be executed by Barrower [check box as applicable]; � Adjustable Rate Rider ❑ Candominium Rider � Second Home Rider � Balloon Rider ❑ Planned Unit Development Rider 0 1-4 Fawily Rider 0 VA Rider ❑ Biweekly Payment Rider ❑ Other(s) [specify] (I) "Applicable Lavv" means a11 controlling applicable federal, state and local statutes, regulations, ordinances and administrative iules azid orders (that have the effect of law) as well as all applicable final, non-appealable judicial opinions. (J) "Cpmrnunity Association Daes, Fces, and Assessments" means all dues, fees, assessments and other charges that are imposed on Borrower or the Property by a condominium association, homeowners association or similar organization. (K) "Electronic k�nds Transfer" means any transfer of funds, other than a transaction originated by check, draft, or similar paper instrurnent, which is initiated through an electronic terminal, telephonic instrument, computer, or magnetic tape so as to order, inscruct, or authorize a�inancial institution to debit or credit an account. Such terna includes, but is not limited to, point-of-sale transfers, automated teller machine transactions, transfers iniciated by telephone, wire transfcrs, and automated clearinghouse transfcrs. (L) "Escrovv Items" means those items that are described in Section 3. (M) "Miscellaneous Proceeds" means any compensation, settlement, award of damages, or praceeds paid by any third party (other than insurance proceeds paid under the coverages described in Sectian 5) for: (i) damage to, or destruction of, the Property; (ii) condemnation or ather taking of all or any part of the Property; (iii) conveyance in lieu of candemnation; or (iv) misrepresentations of, or omissions as to, the value and/or condition of the Property. (1� "Mortgage Insurance" means insurance protecting Lender against the nonpayment of, or default pn, the T,.,oan. NEBRASKA - Single Family - Fannie Mae/Freddie Mac UNIFQRM INSTRUMENT �-6(NE) losi i1 PaOe 2 of 15 inici s: Form 302$ 9/07