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201009647 <br />(C) "Le�nder" is Home Federa1 Savi ngs and Loan Assn af Grand I sl and <br />Lender is a Savi ngs and Loan <br />organized and existing u:nder the laws of 7� h e S t a t e o f N e b r a s k a . <br />Lender's address is 221 South Locust St Grand I sl and NE 68801- <br />L.ender is the benefciary under this Security Instrument. <br />(D) "Trustee" is Ar�nd R Baack, Attorney <br />(E) "Note" means the promissory note signed by Borrower and dated D e c e m b e r 2 2, 2 O 10 . <br />The Nate states that Barrower owes Lender 0 N E H U N D R E D S I X T E E N T H 0 U S A N D A N D 0 0/ 10 0 <br />Dallars <br />�u.s. � 116 . 0 D U. 0 0 ) plus interest. Borrower has prornised to pay this debt in regular Periodic <br />Payrnents and to 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" rneans the debt evidenced by the Note, plus interest, any prepayment charges and late charges <br />due under the Note, and all sums due under this Security Instrurnent, plus interest. <br />(T� "Riders" means all Riders to this S�urity Instrument that are executed by Borrower. The following <br />Riders aze ta be execut� by Borrower [check box as applicable]: <br />0 Adjustable Rate Rider 0 Condorninium Rider [.� Second Home Rider <br />0 Balloon Rider � PIanned Unit Develapment Rider [� 1-4 Farnily Rider <br />0 VA Rider � Biweekly Payment Rider 0 Other(s) [specify] <br />(n "Applicable I.aw" means all contralling appIicable federal, state and local statutes, regulations, <br />ordinances and administrative rules and orders (that have the effect of law) as well as all applicable final, <br />non-appealable judicial apinions. <br />(.n "Community Association Dues, Fces, and Assessments" meaxxs all dues, fees, assessments and other <br />charges that are imposeci on Borrower or the Property by a condaminium association, homeowners <br />association or simi�ar orgazuzation. <br />(I� "Electronic F�nds Transfer" rneans any transfer of funds, other than a transaction originated by <br />check, draft, or similar paper instrument, wI�ich is uutiated through an electronic terminat, telephonic <br />instrument, cornputer, or magnetic tape sa as to order, instruct, or authorize a financial institution to debit <br />or credit an account. Such Cerm includes, but is not limited to, point-of-sale transfers, automated teller <br />machine transactions, transfers initiated by telephone, wire transfers, and automated clearinghouse <br />transfers. <br />(L) "Escraw Items" rneans those itezns that are described in Section 3. <br />(1� "Miscellaneous Proceeds" means any compensation, settlernent, award of datnages, or proceeds paid <br />by any third party (other than insurance proceeds paid under the coverages described in Section 5) for: (i) <br />damage to, or destruction of, the Property; (ii) condemtxation or other taking of all or any part of the <br />Prop�rty; (iii) canveyance in lieu of condemnation; or (iv) misr�presentations of, or omissions as to, the <br />value and/or condition of the Property. <br />(1� "Mortgage Insurance" means insurance proCecting Lender against the nonpayment of, or default on, <br />the Loan. <br />NEBRASKA - Single Family - Fannie Mae/Freddie Mac UNIFORM INSTRUMENT <br />�-8(NE) loat i1 Page 2 of 15 i��c�eis: ��-- Form 3028 1l07 <br />� <br />