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201i06552 (C1 "Lender"isHome 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 addr�s is 221 South Locust St Grand Isl and NE 68801- Lender is the beneficiary under this Security Instrument. (D) "Trustee" is Arend R Baack, Attorney ( E) " Note" means the promissory note signed by Borrower and dated A u g u s t 2 6, 2 011 . The Note states that Bonower owes Lender ONE HUNDRED THIRTEEN THOUSAND THREE HUNDRED AND 00/100 Dollars (LT.S. $113 , 300 . 00 ) plus interest. Borrower has promised to pay this debt in regular Periodic Payments and to pay the debt in, fu11 not later than S e p t e m b e r 1 2 0 41 . (F) "Property" means the property that is described below under the heading "Transfer of Rights in the Propert�t. " (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 Se,curity Instrument, plus interest. (H) "Riders" means all Itiders to this Security Instrument that are executed by Borrower. The following Riders are to be ex�uted by Borrower [check box as applicable]: 0 Adjustable Rate Rider 0 Condominium Rider 0 Second Home Rider 0 Batloon Rider Q Planned Unit Development Rider 0 1-4 Family Rider � VA Itider O Biweekly Payment Rider 0 Other(s) [sgecifYl (I) "Applieable Law" means all controlling applicable federal, state and local statutes, regularions, ordinances and administrative nilles and orders (that have the effect of law) as well as all applicable fnal, non-appealable judicial opituons. (J) "Community Association Dues, Fees, and Assessments" means a11 dues, fees, assessments and other chazges that are imgosed on Borrower or the Property by a condominium associarion, homeowners association or similar organiz.axion. (K) "Electronic Funds Transfer" means any transfer of funds, other than a transaction originated by check, draft, or similar paper instnunent, which is initiated through an electronic terminal, telephonic instr�ment, computer, or magneric 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 machine transactions, transfers initiated by telephone, wire transfers, and automated clearinghouse transfers. (L) "Escrow Items" means those items that aze described in Section 3. (M) "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 Section 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) misrepresentarions of, or omissions as to, the value and/or condirion of the Pronertv. NEBRASKA-Single Fam(ly-Fannfe Mae/Freddie Mac UNIFORM INSTRUMENT VMP p Woiters Kluwer Financial Services Form 3028 1/01 VMPB(NE) {7105) Page 2 of 17 �� �� I'