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20i0�9�11 (C) "Lender" is Home Federal Savings and Loan Assn of Grand Island L.ender is a Savi ngs dnd Lo�n 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 5t Grand I sl and NE fi$801- Lender is the beneficiary under this Security Instrument. (D) "Trustee" is Arend R Baack, Attorney (E) "Note" naeans the promissory note signed by Borraw�r and dated � e C e m b e r' 21 , 2 O 10 . T'he Note states that Borrower owes Lender FIFTY NIN� TH�USAND FOUR HUNQR�D AND 0 0/ 10 0 Dollars (U.S. $ 59 . 400 . UO ) plus interest. Borrower has prornised to pay this debt in regulax Periodic Payrnents and to pay the debt in fu11 not later than ,] a n u a r y 1. 2 0 2 6 . (F� "Property" means the property that is described below under the heading "Transfer of Rights in the Property." (G) "Laan" means the debt evidenced by the Note, plus intexest, any prepayment charges and late charges due under the Note, and all sums due under this Security Instruxnent, plus interest. (I� "Riders" means all Riders to this Security Instrument that are executed by Borrower. The following Riders are to be executed by Borrower [cke�k box as applicable]: [� Adj'ustable Rate Rider 0 Condorninium Rider 0 Second Home Rider 0 Balloon Rider 0 Planned Unit Development Rider [] 1-4 Family Rider 0 VA Rider 0 Biweekly Payrnent Rider 0 Other(s) [specify] (n "Applieable Law" means �Il controlling applicable federal, state and local statutes, regulatians, ordinances and adtttinistrativ� rules azut orders (that have the effect of law) as well as all applicable final, non-appealable judicial opinions. (3� "Community Association D�es, Fees, and Asses�sments" means all dues, fees, assessments and oCher charges that aze imposed on Sorrawer or the Property by a condominium association, homeowners associatian or similar organization. (� "Etectronie Funds Transfer" means any transfer of funds, other than a traztsactian originated by check, draft, or similar paper in,stniment, which is initiated through an electronic ternunal, telephonic instrument, computer, or magnetic tape so as to order, instruct, or authorize a financial institution to debit or credit an account. Such term iz►cludes, but is not limited to, point-of-sale transfers, autamated teller machine transactions, transfers initiated by telephone, wixe transfers, and automated clearinghouse transfers. (L) "Escrow Items" means those iterns that are described in Section 3. (Nn "Miscellaneous Proceeds" means any coznpensation, 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) condemnation or other taking of all or any part of th� Property; (iii) conveyance in lieu of condeztu�ation; or (iv) misrepresentations of, or omissions as to, Che value and/or condition. af the Property. (1� "Mortgage Insurance" means insurance proteccing Lender against the nanpayment of, or default on, the Loan. NE9RASKA - Single Family - Fannie Mae/Freddia Mac UNIFORM INSTRUMENt �-B(NE) losi �1 Paaa 2 ot i 5 Initialsc Fot'm 302$ 7/01 � �� ,