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201103879 (C)"Lender"is Home Federal Savings and Loan Assn of Grand Island Lender is a Savi ngs and Loan organized and e7cisting 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- I.ender is the beneficiary under this Security Instrument. (D) "Trustee" is Arend R Baack, Attorney (E) "Note" means the promissory note signed by Bonower and dated May 23 , 2011 . The Note states that Borrower owes Lender ONE HUNDRED TWENTY THREE THOUSAND TWO HUNDRED AND 00/100 Dollars (U.S. $ 12 3. 2 0 0. 0 0 ) plus interest. Borrower 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 . (� "Property" means the property that is described 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. (� "Riders" means all Riders to this Security Instrument that aze executed by Bonower. The following Riders are to be ex�uted by Bonower [ch�k box as applicable]: 0 Adjustable Rate Rider � Condominium Rider 0 Second Home Rider � Balloon Rider � Planne� Unit Development Rider 0 1-4 Family Rider 0 VA Rider 0 Biweekly Payment Rider 0 Other(s) [spe,cify] (n "Applicable Law" means all 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 final, non-appealable judicial opinions. (� "Community AssociaHon Dues, Fces, and Assessments" means all dues, fces, assessments and other chazges that aze imposed on Bonower or the Properiy 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 through 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. 5uch 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. (Nn "Miscellaneous Proceeds" means any compensation, settlement, award of damages, or proce�ds paid by any third party (other than insurance proceeds paid under the coverages described in Se,ction 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 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) (oe11! Page 2 of 15 Initials: FoFm 3028 7/01 � ��