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20110387i (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 Security Insmiment. (D) "Trustee" is Arend R Baack. Attorney (E) "Note" means the promissory note signed by Bonower and dated M a y 16 , 2 O 11 . The Note states that Borrower owes Lender SEVENTY SEVEN THOUSAND SIX HUNDRED TWENTY FIVE AND 00/100 Dollars (U.S. $ 77 , 625 . 0 0 ) plus interest. Bonower has promised to pay this debt in regular Periodic Payments and to pay the deht in futl not later than J u n e 1, 2 0 41 . (Fy "Pe�operty" means the property that is deserib�l below under the heading "Transfer of Rights in the Propert� » (G) "Lc�n" means the debt evidencec� by the Note, plus interest, any prep�yment charges ancY Iate charges dne under the Note, anc� atI sums due uncter this Security Instrument, plus iaterest. ((� "Riders" means alI Riders to this Seeurity Instrument that are executed by Borrower. The following Ridets are to be execute� by Borrower �c�ec& box as applicablej: ��djustable Rate Rider Q�onc�omi,�ium R.ider 0 Second Home Rider � Balloon Rider Q Ptamse� Unit Development Rider 0 l-4 Family Rider Q VA Rider Q Biweekly Payruent Rider 0 Other(s) [specifyj (n "Applicable I.aw" means aiI coutrolling applicable federal, state and local statutes, regulations, ordinances and administrati�e rules and orders (that have the effect of law) as well as all applicable final, non-appealable jucticial opinions. (J} "�ommun�ty Assc�ciativn Dues, �e.es, and Assessme�ts" means alt dues, fees, assessments and other charges that are imgosed on Borrower or the Property by a condominium assoeiation, hom�wners association or similar organization. (I� "Electronic Funds Transfer" means any transfer of funds, other than a transaction originated by check, draft, or similar paper instrument, which is initiated through an electronic terminal, telephonic instrument, computer, or magnetic tage so as to order, instnict, 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 transacrions, transfers iniriated by telephone, wire transfers, and automated clearinghouse transfers. (L) "Escrow Items" means those items that are described in Section 3. (1Vn "Miscellaneous I'roceeds" means any compensation, settlement, award of damages, or proceeds paid by any third party (other than insurance proc,eeds paid under the coverages described in S�tion 5) for: (i) dama.ge 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) misrepresentarions 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. NEBRASKA - Single Family - Fannie Mae/Freddie Mac UNIFORM INSTRUMENT � �-6(NE) tosi t1 Page 2 of 15 mhtais: � Form 3028 1/01 �