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20110363 (C) "Lender" is Home Federal Savings and Loan Assn of Grand Isl and Lender is a Savi ngs and Loan organized and eausting under the laws of Th e St at 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- Lender is the beneficiary under this Security Instn�ment. (D) "Trustee" is Arend R Baack, Attorney (E) "Note" means the promissory note signed by Borrower and dated M a y 12 , 2 O 11 . The Note states that Borrower owes Lender ONE HUNDRED FORTY E IGHT THOUSAND AND 0 0/ 10 0 Dollars (U.S. $ 148 , 0 0 0. 0 0 ) plus interest. Bonower has promised to pay this debt in regular Periadic Payments and to pay the debt in full not later than J u n e 1. 2 0 2 6 . (F) "Property" mean�c the pmperty that is described below under the heading "Transfer of Rights in the Propert�t." (G} "Loan" �ns the deht evideaced by the Note, plus interest, any prepayment ckarrges and Iate charges due under the Note, � a11 sums due under this Security Instrument, plus interest. (H1 "Riders" means alI Riders to this Se�tt�ity Tnstrument that are exe.cuted by Borrower. The foIlowing Riders are to be executed by Borrower [chec� box as applicablel: 0 Adjustable Rate Ri�Cer � Condomiaium Rider � Second Home IYider Q Balloon Ride� Q Planued Unit I?evelopment Rider � 1-4 Family Rider Q VA Rider 0 Bivveekty Faymeat Rider � C3ther(s} [specify] (n "Agglicahle Iaw" means a11 controlling applicable federal, state and local statutes, regulations, ordinances and administrative rules and orders (that ha.ve tke effe,ct of law) as weli as all applicable final, non-appealable judicial opinions. (� "Community A�ocia�ion I3ues, Fee.s, �l Assessments" means all dues, fees, assessments anc� other charges that are imposed oa Borrower ar the Frogerty by a condomimutn associarion, homeowners associatioa or similar organizatioII. (I� "Electronic Funds Tramsfer" means any transfer of funds, other than a transacrion originated by check, draft, or similar paper in.ctr�ment, which is initiated through an electronic terminal, telephonic instnunent, computer, or magnetic tape so as to order, instruct, or authorize a financial institurion to debit or eredit an account. Such term includes, but is not limited to, point-of-sale transfers, automated telIer 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 descrihed in Section 5) for: (i) damage to, or destrucrion of, the Property; (ii) condemnarion or other taldng of all or any part of the Property; (iri) conveyance in lieu of condemnation; or (iv) misrepresentarions of, or omissions as to, the value and/or condirion of the Property. (1� "Mortgage Insurance" means insurance protecting L,ender against the nonpayment of, or default on, the Loan. NEBRASKA - Single Family - Fannie Mae/Freddie Mac UNIFORM INSTRUMENT �-6(NE) (08 � t 1 Page 2 of 15 Initia�s: Form 3028 1/01 � �