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201U49�� (C)"Lender"is Home Federal Savings and Loan Assn of Grand Island Lender is a Sdvi ngs dnd Lnan organized and existing under the laws of 1' h e S t d t e o f N e b r a s k a Lender's address is 221 South Locust St Grand I sl and NE 68801- Lender is the beneficiary under this Security Instrunnent. (D) "Trustee" is Arend R Baack, Attorney (E) "Note" rneans the promissory note signed by Borrawer and dated dec�mber 08, 2010 . The Note states that Borrower owes Lender F I FTY E IGHT THOU5AND AND 00/100 Dollars (U.S. $ 58. 000 . 00 ) plus interest. Borrower has promised ta pay this debt in regular Periodic Payments and to pay the debt in full not later than J a n u a r y 1, 2 0 21 . (k� "Property" means the property tlxat 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 Securiry Instrument, plus interest. (Fn "Riiders" means all Riders to this Security Instrument that are executed by Borrower. 'I'he following Riders are to be executed by Bormwer [check box as applicable]: 0 Adjustable Rate Rider � Condotninium Rider 0 Second Horne Rider 0 Balloon Rider � Planned Unit Development Rider 0 1-4 Farnily Rider � VA Rider 0 Biweekly Payrnent Rider 0 Other(s) [specify] (n "Applicable Law" tneans all controlling applicable federal, scate and local statates, regulations, ordinances and adrninistrative rules and orders (that have the effect of law) as well as all applicable final, non-appealable judicial opinions. (.n "Community Association Dues, Fces, and Assessments" means all dues, fees, assessments and other charges that are unposed on $orrowex or the Property by a condorniniwn association, homeowners association or similar organization. (I� "Electronic Funds Transfer" means any transfer o� funds, other than a transaction originated by check, draft, or simila�r pap�r instrument, which is inxtiated thraugh an electronic texminal, telephonic instrurnent, computer, or magnetic tape so as to order, instzvct, or autharize a financial institution to debit or credit an account. Such term includes, but is not lirnited to, point-of-sale transfers, automated teller machine transactions, transfers uritiated by telephone, wire transfers, and automated clearinghouse transfers. (L) "Escrow Items" rneans those items that are described in Section 3. (11� "Miscellaneous Prceeeds" tneans any compensation, settlernent, award of damages, or proceeds paid by any third party (other than insnrance proceeds paid under the coverages described in Section S) for: (i) damage to, or d�struction of, the Property; (ii) condemnation 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 andlor conditian of the Property. (I� "Mortgage Insurance" means insurance protecting I,ender against the nonpayzxaent of, or default on, the Loan. NEBRASKA - Single Family - Fannie Mae/Freddle Mac UNIFORM INSTRUMENT �-6(NE) loettl Page 2 of 15 inic�ais� Form 3028 1l07 •�� � �