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201100929 (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 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 promissory note signed by Borrower and dated F e b r u a r y 0 2, 2 011 . The Note states that Bonower owes Lender ONE HUNDRED NINETY SIX THOUSAND AND 0 0/ 10 0 Dollars (U.S. $ 196 , 000 . 00 ) plus interest. Borrower has promised to pay this debt in regular Periodic Payments and to pay the debt in full not later than M a r c h 1, 2 0 41 . (� "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 charges 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 Bonower. The following Riders aze to be executed by Bonower [check box as applicable]: � Adjustable Rate Rider [� Conctominium Rider 0 Second Home Rider 0 Batloan Rider [� Plann� Unit DeveIogrnent Rider 0 2-4 Family Rider 0 YA Rider [� Biweekiy Payrnent Ricler �(hher(s} [specifYl (n "Appli�ble I.aw" �aus atI contrci�ting appIicabTe federat, state and Iocal statutes, regulations, ordinances �cd administrative rutes �I orders (that have the effect of Iaw) as weli as alI appiicabie final, non-appeatabie jucFici� opix�i:ogs. (� "Commue�it� A�iation Dues, Fee.s, a�d �sments" r�eans aIi dues fees, assessrrients and other charges that are imposed on BorrcYYwer or the Property by a cvndominium association, homeowners association or simiiar organizatiot�_ (K) "Electronic Fands Transfer" means any transfer of funds, other than a transacrion originated by check, draft, or similar paper instrument, which is initiated through an eIectronic terminal, telephonic insmiment, computer, or magnetic tape so as to order, instruct, or authorize a fnancial institution to debit or credit an account. Such term includes, but is not limited to, point-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. (1Vn "Miscellaneous Proceeds" means any compensation, settlement, award of damages, or proceeds 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 a11 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 Lender against the nonpayment of, or default on, the Loan. NEBRASKA - Single Family - Fannie Mae/Freddie Mac UNIFORM INSTRUMENT �� " �-6�NE) tosi il Page 2 of 15 in�t� s: Form 3028 1/01 �