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201�0935C (C)"Lender"is Home Federal Savings and Loan Assn of Grand Island Lender is a Savi ngs and Loan organized and existing under the laws of T h e 5 t a t e o f N e b r a s k a . L,ender's addr�ss is 221 South Locust St Grand Isl and NE 68801- L,ender is the beneficiary under this Security Instrument. (D) "Truatce" is Arend R Baack. Attorney (E) "Note" means the prornissory noCe signed by Borrower and dated D e c e m b e r 10 , 2 O 10 . The Note states that Borrower owes J.ender ONE HUNDRED THIRTY THREE THOIJSANQ THREE Hl1NDRED SEVENTY FIVE AND 00/1D0 Dallars (U.S. $ 133 , 375 . 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 2 6 . (F� "Praperty" 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 all sums due under this Security Instrument, plus interest. (I� "Riders" rneans all Riders to this 5ecurity Instrument that are ex�cuted by Borrower. The following Riders are to be executed by Borrower [check box as applicable]: ❑ Adjustable Rate Rider 0 Condonninium Rider ��u.� Second Home Rider 0 Balloon Rider � Planned Unit Development Rider � 1-4 Family Rider � VA Rider � Biweekly Payment Rider 0 Other(s) [specify] (I) "Applicahle Law" means all controlling applicable federal, state 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) "Community Association Dues, Fces, and Assessments" means a11 dues, fees, assessments and other charges that are imposed on Borrower or the Praperty by a condominium association, homeowaners 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 instrument, which is initiated through an electronic terminal, telephonic instrument, cornputer, or magnetic tape so as to order, instzuct, ar authorize a financzal institution to debit or credit an account. Such term includ�s, but is not limited to, point-of-sale transfers, automated teller machine transactions, transfers initiated by telephone, wire transfers, and autoznated clearinghouse transfers. (L) "Escrow Items" rneans those itenns that are described in Section 3. (M) "Miscellaneous Proceeds" means any compensation, settlernent, award of damages, or proceeds paid by any third party (ather than insurance proceeds paid under the coverages described in Section 5) for: (i) darnage to, or destruction of, the Property; (ii) condemnation or other taking of all or any parC of the Property; (iii) conveyance in lieu of condemnation; or (iv) misrepresentations of, or arnissions as to, the value and/or condition of the Property. (I� "Mortgage Insurance" means insurance protecting Lender against the nonpayment of, or default on, the Loan. NEBRASKA - Single Family - Fannie Mae/Freddie Mac UNIFORM INSTRUM�N1' �� �-6(NE) �oai i� Paqe z ot i s iniciais: � Form 302$ 9I01