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2oioo949� (C) "Lender" is Home Federal Savi ngs and Laan Assn of Grand I sl and L.ender is a Savi ngs and Loan 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 Lender's address is 221 South LOCUSt St Grand I sl and NE 68801- Lender is the beneficiary wnder this Security instrument. (D) "Trustee" is Arend R Baack. Attorney (E) "Note" means the promissory note signed by Borrower and dated D e c e m b e r 17 , 2 010 . The Note states that Borrower owes I.ender TWp HUNDR�q F I FTY FIVE TWOUSAND AND 0 0/ 10 0 Dollars (U. S. $ 2 5 5, 0 0 0. 0 0 ) plus interest. Borrower has promised to pay this debt in regular Periodic Payments and to pay the debt in full not lacer than J a n u a r y 1. 2 0 2 6 . (� "Property" means the property that is described below under the heading "Transfer of Rights in the Property." (G) "Loan" rneans the debt evidenced by the Note, plus interest, any prepayzment chazges and late charges due under the Note, az�d all sums due under this Security Instrurnent, plus interest. (I� "Riders" rneans all Riders to this Security Instrument that are executed by Barrower. The following Riders are to be executed by Borrower [check box as applicable]: 0 Adjustable Rate Rider [] Condominium Rider 0 Second Home Rider 0 Batioan Rider � Planned Unit Developm�ex�t Rider � 1-4 Family Rider 0 V.4 Rid�r 0 Biweekly Payment Rider 0 Other(s) [specify] (n "Applicabie Law" means all controlling applicable federal, state and local statutes, regulations, ordinances and administrativa rules and orders (that have the effect of law) as well as atl applicable final, non-appealable judicial opinions. (� "Cornrnunity Association Dues, Fces, and Assessments" rneans all dues, fees, assessments and other cnazges that aze irripc�sed on Barrower or the Property by a condominium association, homeowners assaciation ar similar organization. (K) "Electranic Fu�ds Transfer" m;eans any transfer of funds, other than a transaction originated by check, draft, or sirnilar paper instrument, which is initiated through an electronic terminal, telephonic instrument, camputer, or rnagnetic tape so as to order, instruct, ar authorize a financial institution to debit or credit an account. Such term includes, but is nat limited to, point-of-sale transfers, automated teller machine transactions, transfers initiatetl by telephone, wire Cransfers, and automated clearinghouse transfers. (L) "Escrow Items" means those items that are described in Section 3. (Nn "Miscellaneous Proceeds" means any compensation, settlernent, award of damages, or proceeds paid by any third party (other than insurance proceeds paid under the coverages described in Section 5) for: (i) darnage to, or destruction of, the Property; (ii) condemnatian ar other taking of all or any part of the Property; (iii) conveyance in lieu af condemnation; or (iv) misrepresentations of, ar omissions as to, the value and/or condition of the Property. � (I� "Mortgage Insurance" m�ans insurance protecting Lender against the nonpayment af, or default on, the Loan. NE9RASKA - Single Family - Fannie Mae(Freddie Mac UNIFORM INSTRUMENT �-fi1NE) Ios>>� Page 2 Of 15 in�c�ais: Form 30Z8 7/U7