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2U11041�4
<br />(C) "Lender" is Home Federal Savings and Loan Assn of Grand Island
<br />Lender is a Savi ngs and Loan
<br />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
<br />Lender's address is 221 South Locust St Grand Isl and NE 68801-
<br />Lender is the beneficiary under this Security Instrument.
<br />(D) "Trustee" is Arend R Baack, Attorney
<br />(E) "Note" means the promissory note signed by Bonower and dated M ay 2 5, 2 011 .
<br />The Note states that Barrowerowes Lender EIGHTY FOUR THOUSANQ FOUR HUNDRED AND
<br />00/100 Dollazs
<br />(U.S. $ 84, 400 . 00 ) plus interest. Bonower has promised to pay this debt in regular Periodic
<br />Payments and to pay the debt in full not later than J u n e 1. 2 0 Z 6 .
<br />(1� "Property" means the property that is described below under the heading "�'ransfer of Rights in the
<br />Property."
<br />(G) "Loan" means the debt evidenced by the Note, plus interest, any prepaytuent charges and Tate charges
<br />due under the Note, and alI sums due under this Security Instrument, plus interest.
<br />(� "Riders" means all Riders to this 5ecurity Instrument that aze executed by Bonower. The fallowing
<br />Riders are to be exe,cute,ci by Borrower [check box as apglicable]:
<br />0 Adjustable Iiate Rider � Condominium Rider 0 Second Home Rider
<br />� Balloon Rider � Plaffied Unit Development Rider 0 1-4 Family Rider
<br />0 Vt� Rider 0 Biwe,ekly Pa}finent Rider 0 Other(s} [specify]
<br />(n "Applicable Law" means a11 controlling applicable federal, state and local statutes, regulations,
<br />orctinances and administrative rules and orders (that have the effe,ct of law) as well as all applicable final,
<br />non-appealable judicial opinions.
<br />(� "Cammunity Association IIues, Fees, and Assessments" me�ans all dues, fees, assessments and other
<br />charges that aze imposed on �onower or the Property by a cornlominium association, hom�wners
<br />association or similar organi2ation.
<br />(I� "Electronic Funds Transfe�" means any transfer of funds, other than a transaction originated by
<br />check, draft, or simils.r paper instrument, which is initiated through an ele,ctronic terminal, telephonic
<br />instrument, computer, or magnetic tape so as to order, instruct, or authorize a financial insritution ta debit
<br />or credit an account. Such term includes, but is not limited to, point-of-sale transfers, automated teller
<br />machine transactions, transfers initiated by telephone, wire transfers, and automated clearinghouse
<br />trans�ers.
<br />(L) "Escrow Items" means those items that are described in Section 3.
<br />(Nn "Miscellaneous Proceeds" means any compensation, settlement, award of damages, or proc,eeds paid
<br />by any third party (other than insurance proceeds paid under the coverages described in Section 5) for: (i)
<br />damage to, or destrucrion of, the Property; (ii) condemnation or other taking of all or any part of the
<br />Property; (iii) conveyance in lieu of condemnation; or (iv) misrepresentations of, or omissions as to, the
<br />value and/or condition of the Property.
<br />(1� "Mortgage Insurance" means insurance prote,cting L.ender against the nonpayment of, or default on,
<br />the Loan.
<br />NEBRASKA - Single Family - Fannie Mae/Freddie Mac UNIFORM INSTRUMENT
<br />�-6(NE) toai�J Page2of 75 Initials: FOITI'1 SOZS 1/01
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