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201a09330 <br />(C) "Lender" is Home Federal Savings and l.aan Assn of Grand Isl and <br />L,ender is a Sdvi ngs dnd Loan <br />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 <br />Lender's address is 221 South Locust St Grand Isl and NE 68801- <br />Lender is the bene�ciary under this Security Instnunent. <br />(D) "Trustee" is Arend R Baack, Attorney <br />(E) "Note" rneans the promissory note signed by Borrower and dated D e C e m b e r 10 , 2 010 . <br />The Note states that �orrower owes Lender ONE Hl1NDRE� SIXTY EIGHT THOUSAND THREE <br />HUNDRED FIFTY AND 00/100 Dollars <br />(U.S. $ 168 . 350 . U 0 ) plus interest. Borrower has prornised to pay this debt in regular Periodic <br />Paynnents and to pay the debt in full not later than J a n u a r y l. . 2 0 2 6 . <br />(F� "Property" means the property that is described below under the heading "Transfer of Rights in the <br />Property." <br />(G) "Loan" zx�eans the debt evidenced by the Note, plus interest, any prepayment chazges and late chaarges <br />due under the Note, and all sums due under this Security Instrument, plus interest. <br />(I� "Riders" zneans all Riders to this Secuxity Instrument that are executed by Borrower. The following <br />Riders are to be eaecuted by Bornawer [check boz as applicable]: <br />� Adjustable Rate Rider � Condomin�um Rider ❑ Second Home Rider <br />0 Balloon Rider 0 Platu�ed Unit Development Rider C] 1-4 Family Rider <br />0 VA Rider 0 Biweekly Payment Rider 0 Other(s) [specify] <br />(n "Applicable Law" means all controlling applicable federal, state and local statutes, regulations, <br />ordinances and administrative rules and orders (that have the effect of law) as well as all applicable final, <br />non-appealable judicial apinions. <br />(.n "Community Association Ih�es, Fces, and Assessments" zneans all dues, fees, assessttxents and other <br />charges that are imposed on Borcower or the Property by a condominium association, homeowners <br />association or similar organization. <br />(K) "Electronic Funds Transfer" means any transfer of funds, ott�er than a transaction origxziated by <br />check, dra�t, or similaz paper instnutaent, which is initiated through an electronic terminal, telephonic <br />instrurnent, computer, or magnetic tape so as to order, instruct, or authorize a financial institution to debit <br />ar credit an account. Such term includes, but is not limited to, point-of-sale transfers, automated teller <br />machine transactions, transfers initiated by telephone, wire transfers, and automated clearinghouse <br />transfers. <br />(L) "Escrow Items" rneans those items that are described in Section 3. <br />(1Vn "Miseeltaneous Pcoceeds" means any compensation, settlement, award of dart�ages, ar proceeds paid <br />by any third pariy (other than insurance proceeds paid under the coverages described in Sectian 5) for: (i) <br />damage to, or destruction of, the Property; (ii) condernnation or other taking of all or any part of the <br />Property; (iii) conveyance in lieu of condemnation; or (iv) misrepresentations of, or otnissians as to, the <br />value and/or condition of the Property. <br />(1� "Mortgage Insurance" means insurance protecting Lender against the nonpayment of, or default on, <br />the L,oaz�. <br />NEBRA$KA - Single Family - Fannie Mae/Freddie Mac UNIFORM INSTRUMENT <br />�-B�NE) (0811) Page 2 of 15 �nitials: Form 3028 1/09 <br />� <br />S �-- �- � <br />� <br />