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2oioo94g� <br />(C)"Lender"is Home Federal Savings and Loan Assn of Grand Island <br />Lender is a Sdvi ngs and Lodn <br />organized and existing under the laws of T h e 5 t a t e o f N e b r a s k 7 <br />L.ender's address is 221 South Locust St Grand I sl and NE 68801 <br />Lender is the bene�ciary under this Security Instrument. <br />(D) "Trustee" is Arend R Baack. Attorney <br />(E) "Note" means the promissory note signed by Borrower and dated D e c e m b e r 13 . 2 010 . <br />The Note states that Borrower owes L.ender 0 N E H lJ N D R E D N I N E T E E N T H 0 U S A N D TW 0 <br />HUNDRED AND 00/100 Dollars <br />(U.S. $ 119 , 200 . 00 ) plus interest. $orrower has promised ta pay this debt in regular Feriodic <br />Payments azxd ta pay the debt in full not later than J a n u a r y 1, 2 0 41 . <br />(F� "Property" means the property that is described below under the heading "Transfer of Rights in the <br />Property. " <br />(G) "Loan" means the debt evidenced by the Note, plus interest, any prepaynnent charges and late charges <br />due under the Note, and all surns due under this Security Instnnxient, plus interest. <br />(I� "Riders" means a11 Riders to this Security Instrutnent that are executed by Borrower. 'Ifie following <br />Riders are to be executed by Borrower [check box as applicable]: <br />0 Adjustable Rate Rider [..� Condominium Rider 0 Second Home Rider <br />0 Balloon Ridear 0 Planned Unit Development Rider � 1-4 Family Rider <br />� VA Rider 0 Biweekl.y Payment Rider � Other(s) [specify] <br />(n "Applicable Law" means aTl controlling applicable federal, state and local statutes, regulations, <br />ordinances and adrninistrative rules and orders (that have the effect of law) as well as all applicable final, <br />non-appealable judicial opinions. <br />(.n "Cammunity Assce�iation Dues, Fees, and Assessments" means all dues, fees, assessments and other <br />charges that are imposed on Borrower or the Property by a condorniniurn association, homeowners <br />association or similar organization. <br />(K) "Electronic F�nds Trans[er" raeans any transfer of funds, ather than a transaction originated by <br />check, draft, or similar paper instrumenC, which is uutiated through an electronic terminal, telephonic <br />instrument, cotnpucer, or magnetic tape so as ta arder, instruct, or authorize a finaancial institution to debit <br />or credit an account. Such term includes, but is not limited to, point-af-sale transfers, automated teller <br />machine transactions, transfers initiated by telephone, wire transfers, and automated clearinghouse <br />transfers. <br />(L) "Escrow Itemis" means those iterns that are described in Section 3. <br />(Nl) "Miscellaneous Proceeds" means any compensation, settlement, award of damages, or proceeds paid <br />by any third party (other than insurance proceeds paid under the coverages described in Section S) for: (i) <br />damage to, or destruction of, the Property; (ii) condemnation or other taking of all or aany part of the <br />Property; (iii) conveyance in lieu of condemnation; or (iv) misrepresentations of, or omissions as to, the <br />value and/or condition of the Property. <br />(1� "Mortgage Insuranee" rneans insurance protecting Lender against the nonpayment of, or default on, <br />the Loan. <br />NEBRASKA - Single Family - Fannie Mae/Freddie Mac UNIFORM INSTRUMENT <br />�-6�NE11o8ii1 Page2of15 Initials: Fp�m3p�� �/�� <br />� <br />� <br />