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20��o52sc <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 />(L� "Note" means the promissory note signed hy Bonower and dated J u 1 y 0 S, 2 O 11 <br />The Note states that Borrower owes Lender SEVENTY TWO THOUSAND AND 00/100 <br />Dollars <br />(U.S. $ 7 Z, 0 0 0. 0 0 ) plus interest. Borrower has promised to pay tlus debt in regular Periodic <br />Payments and to pay the debt in full not later than A u g u s t 1, 2 0 21 . <br />(Fj "Property" means the property that is described below under the heading "Transfer of Rights in the <br />Froperty." <br />(G) "Loan" means the debt evidenced by the Note, plus interest, any prepayment charges and late charges <br />due uader tfie Note, and all sums due under this Security Instrument, glus interest. <br />(� "Ri�ders" means all Riders to this Security Instrument that are executed by Borrower. The following <br />Riders are to be executed by Borrower [cheek box as applicable]: <br />0 Adj�stable Rate Rider 0 Condominium Rider � 5econd Home Rider <br />� Balloon Rider 0 Plannect Unit DeveIopment Rider 0 I-4 Family Rider <br />0 VA Rider 0 Biweekly Payment Rider 0 Other(s) [specify] <br />(� "Applicable Law" means alI cornrolling applicable federal, state and local statutes, regulations, <br />ordinances and administrative rules and orders (that bave the effect of law) as well as all applicable final, <br />non-agpeatable judicial opinions. <br />(J) "�ommunity Association Dues, Fees, .xnd Assessments" means all dues, fees, assessments and other <br />charges that are imposed on Barrower or the Froperty by a condominium association, homeowners <br />association or similar organization. <br />(I� "Electronic Funds Transfer" means any transfer of funds, other than a transaction originated by <br />check, draft, or similar paper instrument, which is initiated through an electronic terminal, telephonic <br />instrument, computer, or magnetic tape so as to order, instruct, or authorize a financial institution to 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 cleazinghouse <br />transfers. <br />(L) "Escrow Items" meatts those items that are described in Secrion 3. <br />(1Vn "Miscellan�us Procceds" means any compensation, settlement, award of damages, or proceeds paid <br />by any third party (other than insurance proceeds paid under the coverages described in Section 5) for: (i) <br />damage to, or destruction 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 protecting Lender against the nonpayment of, or default on, <br />the Loan. <br />NEBRASKA - Single Family - Fannie Mae/Freddie Mac UNIFORM INSTRUMENT <br />�-6(NE) (08111 Page 2 of 15 Initials: Form 3028 1/01 <br />� <br />1� � l�� � �� � ` <br />e � .1� <br />