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(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- I.ender is the beneficiary under this Securiry Instrument. (D) "Trustee" is Arend R Baack, Attorney i �' . � "` : (E) "Note" means the promissory note signed by Borrower and dated F e b r u a r y 11, 2 011 . The Note states that Borrower owes Lender 0NE HUNDRED TEN THOUSAND SEVEN HUNDRED ; AND 00/100 Doliais (U.S. $ 110 , 700 . 00 ) plus interest. Borrower has promised to pay this debt in regular Periodic Payments and to pay the debt in fuil not later than M a r c h 1, 2 0 2 6 . (� "Property" means the property that is described below under the heading "Transfer of Rights in the � �� (G) "Loan" rneans 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 Borrower. The following Riders are to be executed by Borrower [check box as applicable]: 0 Adjustahle Rate Rider C] Condominium Rider 0 Second Home Rider � Balloon Rider 0 Planned Unit Development Rider � 1-4 Family Rider 0 VA Rider [] Biweekly Payment Rider 0 Other(s) [specify] (n "Applicable Law" means all controlling applicable federal, state and local statutes, regulations, ordinances and administrative rules and orders (that have the effect of law) as well as all applicable final, non-appeaIable judicial opinians. (� "Community Association Dues, Fces, and Assessments" means all dues, fees, assessments and other charges that aze imposed on Borrower or the Property by a condominium association, homeowners association or similar organization. (K) "Electronic Funcls 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 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-sale transfers, automated teller machine transactions, transfers initiated by telephone, wire transfers, and automated clearinghouse transfers. (L) "Fscrow Items" means those items that are described in Section 3. (11� "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 PropeRy; (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 Lender against the nonpayment of, or default on, the Loan. NEBRASKA - Single Family - Fannie Mae/Freddie Mac UNIFORM INSTRUMENT �-6(NE) (0811) Page 2 of t 5 Initials: m Form 3028 1/01 �1'1 � � � � � � � � � 5 � .n� \ ; : " `�`