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�oiioo�� �� (C) " Lender" is Home Federal Savings and Loan Assn of Grand Isl and Lender is a 5avi ngs and Loan organized and existing under the laws of T h e 5 t d 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 68801 Lender is the beneficiary under this Security Instrument. (D) "Trustee" is Arend R Baack, Attorney (E) "Note" means the prornissory note signed by Borrower and dated J a n u a r y 14 , 2 011 . The Note states that Borrower owes Lender ON E H U N D R E D F I FT Y F I V E TH 0 U SA N D A N D 00/100 Dollars (U.S. $ 155 , 000 . 00 ) plus interest. $orrower 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 . (k� "Property" rneans the property that is described below under the heading "Transfer of Rights in the Property. " (G) "Loan" rneans the debt evidenced by the Note, plus interest, any prepayment charges and late charges due under the Note, and all sunns due under this Secuxity InstnunenC, plus interest. (I� "Riders" rneans all Riders to this Security Instrument that are executed by Borrower. T'he following Riders aze to be executed by Borrower [check box as applicable]: � Adjustable Rate Rider 0 Candominium Rider 0 Second Horne Rider 0 Bai�oon Rider 0 Planned Unit T]evelopm�xrt Rider 0 1-4 Family Rider 0 YA Rider � Biweekly Payx�nt Rider � dther(s) [specifyj (n "Appbe�bie I.aw" � ait ca�rcrollixr�g applicable federal, state anct local statutes, reguTatians, or� a�ed �tive a►�les a�d orde�s (tlaat I�ave th�e effeet of Iaw} as w�ll as aIF apglicabte final, x►on-appeaiable j�#icia! ogictiams. (J) "Gommunity Associ�tian I�aes, F�s, and Asse�sments" means all dues, fees, assessments and other charges that are impa�sed on &yirower ar the Property by a condorniniurn association, honr�eeowners association or similar organization. (T� "Electronic �nds Transfer" means any transfer of funds, other than a transaction originated by check, draft, or similar paper instnunent, which is initiated through an electronic terminal, telephonic insCrument, compuCer, or magnetic tape so as to arder, instruct, or authorize a�nancial institution to debit or credit an account. Such term includes, but is not limited to, paint-of-sale transfers, automated teller machine transactions, transfers initiated by telephone, wire transfers, and automated clearinghouse transfers. (L) "Escrow Items" means those items that are described in. Section 3. (Nn "Miscellaneous Proceeds" means any compensatian, settlement, awazd of darnages, ot' proceeds paid by any third pariy (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 ar any part of the Property; (iii) canveyance in lieu of condemnation; or (iv) misrepresentations of, or ornissions as to, the value and/or candition af the Property. (T� "Mortgage Insarance" means insurance protecting �nder against the nonpayment of, or default on, the Loan. NEBRASKA - 5ingle Family - Fannie Mae/Freddie Mac UNIFORM INSTRUMENT �-B�NE) losi � 1 Pase 2 ot i 5 i��c�ais� Form 3028 1/01 � � \ J