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2011035$7 (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 Isl and NE 68801- Lender is the beneficiary under this Securiry Instrument. (D) "Trustee" is Arend R Baack. Attorney (E) "Note" means the promissory note signed by Bonower and dated M a y 0 6. 2 O 11 . The Note states that Bonower owes Lender S E VE NTY S I X THOU SAN D AN D 0 0/ 10 0 Dollars (U.S. $ 7 6, 0 0 0. 0 0 ) plus interest. Bonower has promised to pay this debt in regular Periodic Payments and to pay the debt in full not later than J u n e 1, 2 0 2 6 . (� "Pcoperty" means the properly that is describ� 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. (II� "Riders" means all Riders to this 5ecnrity Instn�ment that are ex�uted by Bonower. The following Riders aze to be executed by Borrower [check box as applicable]: � Adjustable Rate Rider � Condominium Rider 0 Second Home Rider 0 Balloon Rider [] Planned Unit Development Rider � 1-4 Family Rider 0 VA Rider � Biw�kly Payment Rider 0 Other(s) [specify] (n "Applicable Law" means a11 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 fmal, non-appealable judicial opinions. (� "Community Association Dues, Fees, and Asses.sments" means all dues, fees, assessments and other charges that are unposed on Bonower or the Property by a condominium association, homeowners association or similar organization. (I� "Electronic Funds Transfer" means any transfer of funds, other than a transaction originated by check, draft, or similaz paper instrument, which is initiated tluough 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) "Escrow Items" means those items that aze describerl in Se�tion 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 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 Iasurance" means insurance protecting Lender against the nonpayment of, or default on, the Loan. NEBRASKA - Single Family - Fannie Mae/Freddie Mac UNIFORM INSTRUMENT � // � J �-6(NE) 1os>>1 Page2of16 INtial . � — ��+-' Form 3028 7/07 0