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20fi01�5� <br />(C) "Lender" is Home Federal Savi ngs and Loan Assn of Grand Isl and <br />Lender is a Savi ngs and Loan <br />organized and existing under the laws of T h e S t a t e o f N e b r a 5 k a <br />Lender's address is 221 South Locust St Grand Isl and NE 68801- <br />L.ender is the beneficiary under this Security Instnunent. <br />(D) "Trustee" is Arend R Baack, Attorney <br />(E) "Note" means the promissory note signed by Borrower and dated M a r c h 01, 2 011 . <br />The Note states that Borrower owes Lender E I GHT Y E I G HT TH 0 U SAN D F I V E H U N D R E D AN D <br />0 0/ 10 0 Dollars <br />(U. S. $ 88 > 5 0 0. 0 0 ) plus interest. Bonower has promised to pay this debt in regular Periodic <br />Payments and to pay the debt in full not later than M a r c h 1, 2 0 41 . <br />(F� "Property" means the properly that is described below under the heading "Transfer 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 />(F� "Riders" means all Riders to this Security Instrument that aze executed by Borrower. The following <br />Riders are to be executed by Borrower [check box as applicablej: <br />[� Ad;�ustabie Rate Rider � Conclominium Rider 0 Second Home Rider <br />[� Batiam Ride� � Plannec� Unit DeveIopment Rider Q 1-4 Famiiy Rider <br />Q VA Rider Q BivveekEy Payment Ricter Q ENher(s) ESP��fY1 <br />(Ij "Appli��►le I.aw" means ati comrolling agplicabie fec�erai, state an8 Ic�cai statutes, regulations, <br />ardinances and administrative rules a� arders (that have the effect o€ law) as well as ati agglicable final, <br />�cns-a�iabie judicial opiuions. <br />(3} "Comnt�ty Associstion Dues, Fees, and Asse,ssments" means ail dues, fees, assessments and other <br />charges that are in�pc�sed on Borrower or the Froperty by a condominium a�.sociation, homeowners <br />association or si�tar organization. <br />(Kj "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 ternunal, telephonic <br />instrument, computer, or magnetic tape so as to order, instruct, or authorize a financial institution to debit <br />or credit an account. Such term includes, but is not limited to, point-of-sale transfers, automated teller <br />machine transactions, transfers initiated by telephone, wire transfers, and automated clearinghouse <br />transfers. <br />(L) "Escrow Items" means those items that are described in Section 3. <br />(Nn "Miscellaneous Proceeds" means any compensation, settlement, award of damages, or proceeds 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 Property; (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-omissions as to, the <br />value and/or condition of the Property. <br />(1� "Mortgage Insurance" means insurance protecting Lender against the nonpayment of, or default on, <br />the Loan. <br />NEBRASKA - Single Family - Fannie Mae/Freddie Mac UNIFORM INSTRUMENT <br />�-6(NE) (oai tI Page 2 of 15 Initials: � Form 3028 1/01 <br />� <br />