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�uiioo��� <br />(C) "Lender" is Home Federa1 Savings and Loan Assn of Grand Island <br />Lender is a Savi ngs dnd Loan <br />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 <br />Lender's address is 221 South Locus� St Grand I sl and NE 68801- <br />Lender is the beneficiary under this 5ecurity Instrurnent. <br />(D) "Trustee" is Arend R Baack. Attorney <br />(E) "Note" means the promissory note signed by Borrower and dated J a n u a r y 19 . 2 011 <br />The Nate states that Borrower owes Lender � I G H T Y S E V E N T H 0 U S A N D A N D 0 0/ 10 0 <br />Dollars <br />(U. S. $ 8 7, 0 0 0. 0 0 ) plus interest. Borrower has promised to pay this debt in regular Periodic <br />Payments and to pay the debt in full not later than F e b r u a r y 1, 2 0 2 6 . <br />(F� "Property" rneans the pxoperty that is described below under the heading "Transfex 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 all sums due under this Security Instrument, plus interest. <br />(H) "Riders" means all Riders to this Security Instrument that are executed by Borrower. The following <br />Riders are to be executed by Borrower [check bax as applicable]: <br />[� Adjustable Rate Rider � Condominium Rider n Second Home Rider <br />[.� Balloon Rider � Planned Unit Developrnent Rider � 1-4 Family Rider <br />0 VA Rider 0$iweekly Payment Rider � Other(s) [specify] <br />(I) "Applicable Law" means all controlling applicable federal, state and local statutes, regulations, <br />ardinances and administrative rules and orders (that have the effect of law) as well as all applicable final, <br />non-appealable judicial opinions. <br />(J) "Community Association Dues, Fee.s, and Assessments" means all dues, fees, assessrnents and other <br />charges that are imposed on Bonower or the Property by a condorninium association, horneowners <br />association or similar 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 through an electronic terminal, telephonic <br />instrunnent, computer, or rnagnetic tape so as to order, instruct, or authorize a financial institution to debit <br />or credit an account. Such term includes, but is nat limited to, point-of-sale transfers, automated teller <br />machine transactions, transfers initiated by telephone, wire transfers, and autornated clearinghouse <br />transfers. <br />(L) "Escrow Items" means those items that are described in Section 3. <br />(M) "Miscellaneous Proceeds" means any compensation, settlernenC, award of damages, or praceeds paid <br />by any third party (other than insurance proceeds paid under the coverages described in Section 5) for: (i) <br />damage to, or destruction of, the ProperCy; (ii) condemnation 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 Praperty. <br />(N) "Mortgage Insurance" means insurance protecting L.ender against the nonpayment of, or default on, <br />the Laan. <br />NEBiiASKA - Single Family - Fannia Mae/Freddie Mac UNIFORM INSTRUMENT <br />�-B�NE) (0811) Page 2 of 15 Initials: <br />� <br />f [. f�C <br />Form 3028 7/0 <br />