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201oo927s (C)"Lender"is Home Federal Savings and Loan Assn of Grand Island Lender is a Savi ngs and Lodn 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 Locust St Grand I s1 and NE 68801- Lender is the beneficiary under this Security Instrument. (D) "Truste�" is Arend R Baack, Attorney (E) "Note" means the promissory note signed by Borrower and dated D e c e m b e r 10 . 2 0], 0 . The Note states that Barrower owes Lender ONE WUNDRED SEVENTY THREE THOUSAND NINE HUNDRED EIGMTY AND 00/100 Dollars (U.S. $ 173 , 980 . 00 ) plus interest. Borrower has promised to pay this debt in regular Periodic Payments and ta pay the debt in full not later than J a n u a r y 1, 2 0 41 . (F� "Property" means the property that is described below under the heading "Transfer of Rights in the Property. �� (G) "Loan" means the debt cvidenced by the Note, plus interest, any prepayment charges and late charges due under the Note, and a11 sums due under this Security Instrument, plus interest. (I� "Riders" means all Riders ta this Security Instrurnent that are executed by Borrower. The following Ridexs are to be executed by Borrower [check box as applicable]; � Adjustable Rate Rider U Condominium Rider 0 Second Horne Rider � Balloon Rider 0 Planned Unit Development Rider � 1-4 Family Rider � VA Rider � Biweekly Payment Rider � Other(s) [specify] (I) "Applicable Law" means all controlling applicable federal, sCate 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) "Cammunity Association Dues, Fees, and Assessments" means all dues, fess, assessments and other charges that are irnposed on Borrower or the Property by a condominium association, homeowners association or similar arganization. (K) "Electronic �nds Transfer" means any transfer of funds, ather than a transaction originated by check, draft, or similar paper instrument, which is initiated through an electronic terminal, telephanic 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 to, point-of-sale transfers, automated teller machine transactians, transfers initiated by telephone, wire transfers, and automated clearinghouse traa�sfers. (L) "Escrow Items" rneans tl�ose items that are described in Section 3. (M) "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) cond�mnatian or other taking of all or any part of the Froperty; (iii) conveyance in lieu of condemnation; or (iv) misrepresentations of, or omissions as to, the value and/or condition of the Property. (1� "Mortgage Insurance" zneans insurance protecting Lender against the nonpayment of, or default on, the Loan. NEBRASKA - 5ingle Family - Fannie Mae/Freddie Mac UNIFORM INSTRUMENT f� �-6(NE) �oa� i� Page 2 of 1 S miciais; 1 Form 302$ 9/01