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2�110252� <br />(C)"Lender"is Home Federal Savings and Loan Assn of Grand Island <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 s k a <br />Lender's address is 221 South Locust St Grand I sl and NE 68801- <br />Lender is the beneficiary under this Security Instrument. <br />(D) "Tn�stee" is Arend R Baack, Attorney <br />(E) "Note" means the promissory note signed by Borrower and dated M a r c h 31, 2 011 . <br />The Note states that Borrower owes Lender E IGHTY TWO THOUSAND FOUR HUNDRED AND <br />0 0/ 10 0 Dollars <br />(U.S. $ 82 , 400 . 00 ) plus interest. Borrower has promised to pay this debt in regular Periodic <br />Payments and to pay the debt in full not later than A p r i 1 1, 2 0 2 6 . <br />(� "Property" means the property 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 alI sums due under this Security Instrument, pIus interest. <br />(I� "Riders" means all Riders to this Security Instn�ment that are executed by Borrower. The following <br />Riders are to be executed by Borrower [check boa as applicable}: <br />� Ad}usEabie Rate Rider 0 Condominium Rider 0 Second Home Rider <br />0 Baliooa Rider 0 PIanr�eci Unit Development Rider 0 1-4 Fanuiy Ricter <br />Q YA Ri�er Q Biweekty Paytnent Rider 0 Qther(s) ESP�I�YI <br />(n "Applic�bk I.avr" means �FI controliing applicable federal, state and locat statutes, reguIations, <br />orctinanees anc� administrative niles aud orcfiers (that have the effect of law) as weii as aIi applicable final, <br />non-appeatable judiciai opuuons. <br />(� "Coenmunity Association Dues, Fees, and Assessments" means a.1i dues, fees, assessments and other <br />charges that are impc�sed on Borrower or the Property by a condominium associatian, homeowners <br />assc�ciation or simiiar organization. <br />(I� "Eiectronic 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 />instrument, computer, or magnetic tape so as to order, instruct, or authorize a�nancial 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 automatect 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►�osit) Page2of15 Initials eA !�,j'=�- Form3028 1/01 <br />O S '/J <br />