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20�100�$� (C)"Lender"is Home Federal Savings and Loan Assn of Grand Island Lender is a Savi ngs and Loan organized and existing under the laws of T h e S t a t e o f N e b r d s k d Lender's address is 221 South Locust St Grand Isl and NE 68801- Lender is the beneficiary under this Security Instrument. (D) "Trustee" is Arend R Baack. Attorney (E) "Note" means the promissory note signed by Borrower and dated J a n u d r y 21, 2 011 . The Note states that Borrower owes Lender 0 N E H U N D R E D T H I RT Y F I V E T H 0 U S A N D S E V E N HUNDRED FIFTY AND 00/100 Dollars (U.S. $ 135 , 750 . 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 31 . (1� "Property" means 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 and late charges due under the Note, and all sums due under this Security Instrument, plus interest. (I� "Riders" means all Riders to this Security Instrument that are executed by Borrower. The following Riders are to be executed by Bonower [check box as applicable]: Q Adjvstable Rate Rider � Candominium Rider 0 Second Home Rider � Bali�n Rider 0 Planned Unit Development Rider � 1-4 Family Rider 0 VA Rider 0 Biweekiy Payment Rider � E3ther(s} [speeify] (I) "ApgTicaMe Lavr" Y�eans aII eontrolling applicable federai, state anct local statutes, regulations, ordinances and administrative rules and orders (that have the effect of Iaw) as well as alI applicabie finaI, nan-agpeatable judicial opinions. (� "Community AYssociation IA�es, Fees, and Assessments" means all dues, fees, assessments and other charges that are itrYposed on Borrower or the Property by a condominium association, homeowners association or similar organization. (I� "Eleetronie Funds Tran�sfer" means any transfer of f�uids, other than a transaction originated by check, draft, or similar paper instrument, which is initiated through an electronic ternninal, telephonic instrument, computer, 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-saie 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. (M} "Miscellaneous Proceeds" means any compensation, settlement, award of damages, or proceeds paid by any third party (other than insurance proceeds paid under the coverages descrilied in Section 5) for: (i) damage to, or destruction of, the Property; (ii) condemnation or other taking of all or any part of the Property; (iii) conveyance in lieu of condemnation; or (iv) misrepresentations of, or omissions as to, the value and/or condition of the Property. (1� "Mortgage Insurance" means insurance protecting I,ender against the nonpayment of, or default on, the Loan. NEBRASKA - Single Family - Fannie Mae/Freddie Mac UNIFORM INSTRUMENT �-6{NE) ros� �1 Page 2 of 15 Initiais: Form 3028 1/01 � 1 ��.