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2011Q0314 (C)"Lender"is Home Federal Savings and Loan Assn of Grand Island L,ender is a Savi ngs and Loan organized and existing under the laws af T h e S t a t e o f N e b r a s k a Lender's address is 221 5outh Locust St Grand I sl and NE 68801- Lender is the beneficiary under this Security Instnunent. (D) "Trustee" is Arend R Baack, Attorney (E) "Note" means the promissory note signed by Borrower and dated � a n u� r y 14 , 2 O 11 . '�'he Note states that Borrower owes Lender ONE HUNDRED FORTY THOUSAND SIX Hl1NDRED FIFTY AND �0/100 Dollars (U.S. $ 140 , 650 . 00 ) plus interest. Boarrower has promise�l to pay this debt in regulaz' Periodic Payments and to pay the debt in full not laCer than F e b r u a r y 1. 2 0 3 6 . (� "Property" rneans the property that is described below under the heading "Transfer of Rights in the Property. " (G) "Loan" means the debt evidenced by the Note, plus interest, any prepayment chazges azxd late charges due under the Note, and a11 surms due under this Security Instrument, plus interest. (� "Riders" means all Riders to this Security Instnunent that are executed by Bonower. The following Riders are to be executed by Borrower [check box as applicable]: 0 Adjustable Rate Rider � Condominium Rider 0 Second Horne Rider 0 Balloon Rider � FIaYU�ed Unit Developrr�nt Rider [� 1-4 Family Rider � VA Rider � Biweekly Payment Rider 0 Other(s) [specify] (n "Applicable 1,awM � aC[ oontroIling applicable federal, state anc[ tocat statut�es, regudatians, � a�ed �iv� re�es apna vrsfiers (that have the eff�ct of Iaw) as wetl as all applicable �nal, ��a�►le . �ficiad ap'i�- (� "Cornmu� As�oci�tio� Dues, Fces, ancl Asscssments" tt�ans aIl dues, fees, a�ts and bther eharges that are ir�osed on Borrower or the Property by a condominium associatian, homeawners association or sirnilar organization. (I� "Electronic �nds Transfer" means any transfer of funds, other than a transaction originated by check, draft, or sunilar paper instnunent, which is initiated through an electronic ternunal, telephonic instrument, coznputer, or magnetic tape so as to order, instruct, or authorize a financial institution to debit or credit an account. Such term includes, but is not limited to, point-of-sale transfers, automated teller machine transactians, transfers initiated by telephone, wire transfers, and automated clearinghouse transfers. (L) "Escrow Items" means those items that are described in Section 3. (1Vn "Miscellaneous Proceeds" means any cornpensation, settlement, awaxd of damages, or proceeds paid by any third party (other than insurance procceds paid under the coverages described in Section 5) for: (i) damage to, or destruction of, the Praperty; (ii) condemnation or other taking of all or any part of the Property; (iii) conveyance in lieu of condemnation; or (iv) znisrepresentations o f, or omissions as to, tl�e value and/or condition of the Property. (1� "Morrtgage �nsurance" means insurance protecting Lender against the nonpayrnent of, or default on, the Loan. NEBRASKA - Singie Family - Fannie Mae/Freddie Mac UNIFORM INSTRUMENT �-B�NE) Ios� tl Page 2 of 15 Initiais: Fo►m 3028 1/01 � . i u � ; � ^�~. L �