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201i0047� <br />(C)"Lender"is Home Federal Savings and Loan Assn of Grand Island <br />Lender is a Savi ngs and Loan <br />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 <br />Lender's address is 221 South Locust St Grand Isl and NE 68801- <br />I.,ender is the bene�ciary under this Security Instrument. <br />(D) "Trustee" is Arend R Baack. Attorney <br />(E) "Note" nneans the promissory note signed by Borrower and dated J a n u a r y l. 8. 2 011 . <br />'�'�xe Note states that Borrower owes Lender EIGHTY TWO THOUSANQ FIVE MUNDRED ANp <br />0 0/ 10 0 Dollars <br />(U.S. $ 82 . 500 . 00 ) plus interest. Borrower has pramised to pay this debt in regular Periodic <br />Payments and co pay the debt in full not later than F e b r u a r y 1. 2 0 2 6 . <br />(F� "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 charges and late charges <br />due under the Note, and a�l sums due under this Security Instrument, plus interest. <br />(Fq "Riders" meaz�s all Riders to this Security Instrurnent that are executed by Borrower. The following <br />Riders are to be executed by Borrower [check boa as applicable]: <br />0 Adjustable Rate Rider 0 Candominium Rider 0 Second Home Rider <br />0 Balloon Rider � Planned Unit Development Rider � 1-4 Family Rider <br />� VA Rider 0 Biweekly Payment Rider 0 Other(s) [specifyj <br />(n "Applicable Law" rneans all controlling applicable federal, state and local statutes, regulations, <br />ordinances and adrninistrative rules and orders (that have the effect of law) as well as all applicable final, <br />non-appealable judicial opinians. <br />(.n "Community Association Dues, Fees, and Assessments" means all dues, fees, assessrnents and other <br />chazges that aze imposed on Borrower or the Property by a condomicuum association, homeowners <br />association or s'vnilar organization. <br />(K) "Electronic Funds Transfer" means any transfer of funds, other than a transactian ariginated by <br />check, draft, or similar paper instrument, which is initiated through an electronic terminal, telephonic <br />instrurnent, computer, or magnetic tape so as to order, instruct, or authorize a frnancial institution ta debit <br />or credit an account. Such term includes, but is not limited to, point-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 />(Nn "Miscellaneous Prceeeds" m�ans any compensation, settlement, award of damages, or proceeds paid <br />by any third party (other than insurance proceeds paid under the coverages described in Sectian 5) for: (i) <br />damage to, or destruction of, the Property; (ii) conder�uiation or other taking of all or any part of the <br />Property; (iii) conveyance in lieu of condemnation; or (iv) misrepresentations of, or ornissions as to, the <br />value and/or condition of the Property. <br />(1� "Mortgage Insurance" means insurance pratecting Lender against the nonpayment of, or default on, <br />the Loan. <br />NEBRASKA - Singl� Family - Fannie MaelFraddia Mac UNIPORM INSTRUMENT <br />�-fi1NE) Ios>>1 Page 2 of 15 i��c�ais: � Form 3028 1/07 <br />� <br />