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201100�77 (C)"Lender"is Home Federal Savings and Laan Assn of Grand Island Lender is a Savi ngs and Loan organized and existing under the laws of T h e S t� 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 b8801- Lender is the beneficiary under this Security Instrument. (D) "Trustee" is Arend R Baack. Attarney (E) "Note" means the promissory note signed by Borrower and dated J d n u a r y 0 6, 2 011 . The Note states that Borrawer owes Lender ONE Hl1NDRED TWENTY FIVE THOl15AND AND D 0/ 10 0 Dollars (U. S. $ 12 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 later than F e b r u a r y 1, 2 0 41 . (� "Properrty" zneans the property that is described below under the heading "'1'ransfer of Rights in the Property." (G) "Loan" rneans the debt evid�nced by the Note, plus interest, any prepayment charges and late charges due under the Note, and a11 sunns due under this Security Instrument, plus interest. (f� "Riders" means all Riders to this Security Instrurnent that are executed by Borrower. The following Riders are to be executed by Borrower [check box as applicable]: � Adjustable Rate Rider C] Condominium Rider 0 Second Home Rider [� Balloon Rider 0 Planned LTtait Development Rider ❑ 1-4 Family Rider 0 VA Rider [.� Biweekly Payment Rider 0 �ther(s) [specify] (n "Applicable Law" means a11 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 �nal, non-appealable judicial opinions. (.n "Community A,s.SOCiation Ducs, Fees, and Assess►nents" means all dues, fees, assessments and other charges that are itnposed on Borrower or the Prope�ty by a condominium association, homeowners association or sitnilar organization. (K) "Electronic Funds Transfer" means any transfer of funds, other than a transaction originated by check, draft, or similar paper instrument, which is initiated thraugh an electronic tez�txinal, telephonic instrument, computer, or magnetic tape sa as to order, instruct, or authorize a financial institutian to debit or credit an accoutat. Such term includes, but is not limited to, point-of-sale transfers, automated teller machine transactions, transfers initiated by telephone, wire transfers, and automated clearinghouse transf�rs. (L) "Escrow Items" means thase iterns that are described in Section 3. (1� "Miscellaneous Praceeds" rneans any compensation, settlement, award af damages, or proceeds paid by any third party (other than insurance proceeds paid under the coverages described in Section 5) for: (i) damage to, or destruction of, the Property; (ii) condemnation ar other takang of all ar any part of Che Praperty; (iii) conveyance in lieu of condernnation; or (iv) misrepresentations af, or omissions as to, the value and/ar condition of the Property. (1� "Mortgage Insurance" rneans insurance protecting Lender against the nonpayment of,- or default on, the Loan. NEBRASKA - Single Family - Fannie Mae/Freddie Mac UNIFORM INSTRUM�NT �-6�NE) loei i) Page 2 of 15 �nitiais: Form 3028 9107 � ��