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201100281 <br />(C)"Lender"is Home Federal 5aving� and Loan Assn of Grand Island <br />Lender is a Savi ngs dnd Lpdn <br />organized and existing under the laws of T h e S t a t e o f N e b r d 5 k d . <br />Lender's address is 221 South Locust St Grand Is1 and NE 68801- <br />Lender is the beneficiary under this Security Instrument. <br />(D) "Trustee" is Arend R Baack. Attorney <br />(E) "Note" means the prornissory note signed by Borrower and dated J a n u a r y 12 , 2 O 11 . <br />The Note states that Borrower owes L.ender N I N E T Y S I X T H O 11 SAN D A N D 0 0/ 10 0 <br />Dollars <br />(U.S. $ 96 , 000 . 00 ) plus interest. Borrower has promised ta pay this debt in regular Periodic <br />Payments and to pay the debt in full nat later than F e b r u a r y 1, 2 0 2 6 . <br />(� "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 prepayment chaxges and late charges <br />due under the Note, and all sums due under this Security Instrument, plus interest. <br />(� "Riders" means all Riders to this Sscurity Instrument that are executed by Borrower. The following <br />Riders are to be executed by Borrower [check box as applicable]: <br />0 Adjustable Rate Rider 0 Condominiunn Rider � Second Home Rider <br />0 Balloon Rider � Planned Unit Development Rider n 1-4 Family Rider <br />[� VA Rider �$iweekly Payment Rider n Other(s) [specify] <br />(I) "Applicable Law" means all controlling applicable federal, state and local statutes, regulations, <br />ordinances and administrative rules and orders (that ha�e the effect of law) as well as all applicable final, <br />non-appealable judicial opinions. <br />(J) "Community Association Dues, Fees, and Assessnnents" means all dues, fees, assessments and other <br />charges that are irnposed on Borrower or the Property by a condominium association, homeowners <br />assaciation ar sirnilar organization. <br />(K) "Electronic Funds Transfer" means any transfer of funds, other than a transaction originated by <br />check, draft, or similar paper instrument, which is initiated thraugh an electronic terminal, telephonic <br />instrument, cornputer, or magnetic tape so as to order, instruct, or authorize a�nancial institution to debit <br />or credit an account. Such term includes, but is not limited to, paint-of-sale transfers, automated teller <br />machine transactions, transfers initiated by telephone, wire transfers, and automated clearinghouse <br />transfers. <br />(L) "Escrow Items" means those items that are described in Section 3. <br />(11� "Miscellaneous Proceeds" means any compensation, settlement, award of damages, ar proceeds paid <br />by any third party (other than insurance proceeds paid under the coverages descaribed in Section S) for: (i) <br />damage to, or destruction af, the Property; (ii) condemnation ar other taking of all or any part of Che <br />Property; (iii) conveyance in lieu of candernnation; or (iv) misrepresentations of, or omissions as to, the <br />value and/or condition of the Property. <br />(N) "Mortgage Insurance" means insurance protecting L.ender against the nonpayment of, or default on, <br />the Loan. <br />NEBRASKA - Singls Family - Fannie Mae/Freddie Mac UNIFORM INSTRIIMEN7 <br />�-sINE) 10811) � Pege 2 of 15 i��s�eis:�� Form 3028 1/01 <br />