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201iO400r (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 Instrument. (D) "Truste,e" is Arend R Baack, Attorney (E) "Note" means the promissory note signed by Borrower and dated M ay 23 , 2011 . ==—� The Note states that Bonower owes Lender NINETY FOUR THOUSANQ FOUR HUNDREQ FIFTY AND 001100 Dollars (U.5. $ 94 , 450 . 06 ) 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 . (I+� "Propsrty" 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 chazges due under the Note, and all sums due under this Security Instrument, plus interest. _ (I-n "Riders" means all Riders to this Security Instnunent that are executed by Bonower. The following �"° Riders aze to be executed by Borrower [check box as applicable]: 0 Adjustable Rate Rider � Condominiwn Rider � Second Home Rider � Balloon Rider ❑ Planned Unit Development Rider � 1-4 Family Rider 0 VA Rider � Biweskly 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 a11 applicable final, non-appealable judicial opinions. (� "Community Association Dues, Fees, and Assessments" means all dues, fees, assessments and other -- charges that are imposed on Bonower or the Property by a condominium association, homeowners association or similar organization. (K) "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, compuCer, 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 ,E� machine transactions, transfers initiated by telephone, wire transfers, and automated clearinghouse transfers. (L) "Escrow Items" means those items that are described in Section 3. (11� "Miscellaneous Proceeds" means any compensation, settlement, awazd of damages, or proceeds paid by any third party (other than insurance proceeds paid under the coverages described in Saction 5) for: (i) damage to, or destruction of, the Praperty; (ii) condemnation or other taking of a11 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 - Fennte Mae/Freddie Mac UNIFORM {MSTRUMENT �-6(NE) toa� �� Pege 2 ot 15 in+eais: (�( Form 3028 1/01 ��' �.�