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2oioo935� (C) "Lender" is Mome Federal 5avi ngs and Loan Assn of Grand I sl and Lender is a 5avi ngs and Loan organized and existing under the laws af T h e S t a t e o f N e b r d S k a Lender's address is 221 5outh Locust St Grand Isl and NE 68801- L,ender is the beneficiary under this Security Instrument. (D) "Trustee" is Arend R Baack, Attorney (E) "Note" means the promissory nate signed by Borrower and dated D e c e m b e r 10 . 2 O 10 . The Note states that Borrower owes L.ender TWO HUNDRED FDRTY THpl1SAND AND 00/7.00 Dollars (U.S. $ 240 . 000 . 00 ) plus interest. Borrower has promised to pay this debt in regular Periadic Payraeants and to pay the debt in full not later than J a n u a r y 1, 2 0 2 6 . (F� "Property" 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, any prepayment charges and late charges due under the Note, and �11 sums due under this Security Instrument, plus interest. (I� "Riders" means all Riders to this Security Instrument that are executed by Borrower. The following Riders are to be executed by Borrawer [check box as applicable]: � Adjustable Rate Rider � Candominium Rider � Second Horne Rider � Balloon Rider � Planned Unit Development Rider 0 1-4 Family Rider � VA Rider � Biweekly Payment Rider 0 Other(s) [specify] (I) "Applicable Law" means all contralling applicable federal, state and local statutes, regulations, ordinances and adrninistrative rules and orders (that have the effect of law) as well as all applicable �nal, non-appea.lable judicial opinions. (J) "Community Association Dues, Fces, and Assessments" means all dues, fees, assessments and other charges that are imposed on Borrower or the Property by a condominiunn associatian, horneowners association or similar organization. (K) "Electronic Ftinds Transfer" means any transfer of funds, other than a transactian originated by check, draft, ar similar paper instrument, which is initiated thraugh an electronic terminal, telephonic instrument, computer, or magnetic tape so as to order, instruct, ar authorize a financial institution to debit or credit an account. Such term includes, but is not limited ta, point-of-sale transfers, automated teller rnachine transactions, transfers initiated by telephone, wire transfers, and automated clearinghouse transfers. (I.) "Escrow Items" means those items that are described in Section 3. (M) "MisceAaneous 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, ar destruction of, the Property; (ii) condemnation or other taking of a11 or any part of the Property; (iii) canveyance in lieu of condemnation; or (iv) rnisrepresentations of, or omissions as to, the vaJue and/or condition of the Property. (N) "Mortgage Insurance" means insurance pratecting Lender against the nonpayment of, or default on, the L,oan. NEBRASKA - 5ingle Family -�annia Maa/Freddie Mac UNIFORM INSTRUMEN7 �-B�NE) �oe� i i Paga 2 of 15 in�s�ais: Porm 3028 9/09