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201iO3055 (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 Th e St ate 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) "Trust�" is Arend R Baack, Attorney (E) "Note" means the promissory note signed by Barrower and dated A p r i 1 19 , 2 O 11 . The Note states that Borrower owes Lender SIXTY ONE THOUSAND FIVE HUNDRED TWENTY FIVE AND 00/100 Dollars (U.S. $ 61, 525 . 00 ) plus interest. Borrower has promised to pay this debt in regulaz Periodic Payments and to pay the debt in full not later than May 1, 2026 . (� "Property" means the property that is described below under the heading "'Transfer of Rights in the � Pe � '• � (G) "Loan" means the debt evidenced by the Note, plus interest, any prepayment charges and Iace charges due under the Note, aad all svms due under this Security Instrument, plus interest. (H) "Riders" mea�s atI Riders to this Security Instrument tl�at are executed by Borrower. The fallowing Riders are to be executect by Bonower [check box as applicable]: � Adjustable Rate Ricfer � Condominium Rider Q Secoac� Home Rider � Balloon Rider [[� Planned UniE Develop�nt Rider 0 I-4 Family Rider 0 VA Rider Q Biweekly Payment Rider � Qthez(s) [specifYl (n "Applic�ble I.aw" means all controlling applicable federal, state and local statutes, regularions, ordinances and adtninistrative rules and orders (that have the effect of law) as well as all applicable final, non-appealable judicial opinions. (� "Community Assoeistion Dues, Fees, and A�essments" means alI dues, fees, assessments and ather charges that are imgosed: on Bonower or the Property by a condominium association, homeowners ass�iation or siinilar organizarion. (� "Electronic Funds Transfer" means any transfer of funds, other than a transacrion originated by check, draft, or similar paper instrument, w�ich is initiated through an ele,ctronic terminal, telephorric instrument, computer, or magnetic tape so as to order, instruct, or authorize a financial insriturion 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 aze described in Section 3. (1Vn "Miscellaneaus 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 S�tion 5) for: (i) damage to, or destruction of, the Properly; (ii) condemnation or other taking of all or any part of the Property; (iii) conveyance in lieu of condemnarion; 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. IVEBRASKA - Single Family - Fannie Mae/Freddie Mac UNIFORM INSTRUMENT �-6(NE► roai �1 Page 2 of 15 inisiais: Form 3028 1/01 O � � , ii ►� �