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20i��Q��:4. (C) "Lender" is Home Federal Savings and Loan Assn of Grand Isl and Lender is a Savi ngs and Loan organized and existing under the laws of T h e 5 t a t e o f N e b r d s k a Lender's address is 221 South Locu5t St Grand I sl and NE 6$801- Lender is the ben�ficiary under this Security Instrument. (D) "Trustce" is Arend R Baack. Attorney (E) "Note" means the promissory note signed by Borrower and dated ,] a n u a r y 13 , 2 011 . The Note states that Borrower owes Lender QNE HUNDRED THIRTEEN 7HOUSAND SEV�NTY FIVE AND 00/10p Dollars (U.S. $ 113 . 075 . 00 ) 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 . (� "Property" nneans the property that is described below under the heading "Transfer af Rights in the Property." (G) "Loan" rneans the de6t evidencetl by the Nate, plus interest, any prepayment charges and late charges due under the Note, and all sums due under this $ecurity Instrument, plus interest. (I� "Riders" means all Riders to this Security Instrument that are executed by Barrower. The following Riders are to be executed by Borrawer [check box as applicable): 0 Adjustable Rate Rider � Condarnin;ium Rider 0 Second Harne Rider 0 Balloon Rider 0 Plauneci Unit Development Rider ❑ 1-4 Family Rider [� VA Rider 0 Biweekty Payrnent Rider [.� Qther(s) [specify] (I) "Applicabie Law" rneans all cantrolling applicable federal, state and local statutes, regulations, ordinances and administrative rules and oarders (that have the effect of law) as well as all applicable �nal, non-appealable judicial opinions. (.n "Comm►u�ity Association Dues, Fces, and Ass�ssm�nts" nneans all dues, fees, assessments and other charges that are irnposed on $orrower or the Property hy a condominium association, homeowners association or sirnilar organization. (K) "Elech-onic Funds Transfer" means any transfer of funds, other than a transaction originated by check, draft, or similar papet' instrument, which is initiated through an elecCronic terminal, telephonic instrurnent, computer, or magnetic tape so as ta order, instruct, or authorize a�nancial institution to debit or credit an account. Such term inctudes, but is nat limited to, point-of-sale transfers, BUtbIl7atiP.(� L�11er machine transactians, transfers initiated by telephone, wire transfers, and automated clearinghouse transfers. (L) "Escro�v Items" means those items that are described in Section 3. (M) "Miscellaneous Proceeds" means any campensation, settlement, award of datnages, or procee�is 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 or other taking of all or any part of th� Property; (iii) conveyance in lieu of candemnation; ar (iv) misrepresentations of, or omissions as to, t� . value aand/ar condition of the Property. (1� "Mortgage Insurance" tneans insurance protecting Lender against the nonpayment of, or default on, the T_.oan. NEBRASKA - Single Family - Fannie Mae/Freddie Mac UNIFORM INSTRUMENT �-6(N�) (0811) Page 2 of 15 Initials: �� Fpfm $028 1/07 � � G%