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201107774 (C) "Lender"isHome Federal Savings and Loan Assn of Grand Island Lender is a Savi ngs and Loan organized and existing under the laws of Th e S t ate o f N e b r a 5 k a Lender's address is 221 South Locust St Grand I sl and NE 68801- Lender is the beneficiary under this Secu.rity Instrument. (D) "Trustee" is Arend R Baack, Attorney (E) "Note" means the promissory note signed by Bortower and dated 0 ct o b e r' 14 , 2 011 . The Note statesthatBorrowerowesLender ONE HUNDRED THIRTY THOUSAND AND 00/100 Dollars (U.S. $13 0, 0 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 N ovembe r 1, 2031 . (F) "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 uuder the Note, and all sums due under this Security Instrument, plus interest. (H) °Riders" means a11 Riders to this Security Instrument that are executed by Borrower. The following Riders are to be executed by Bvrrower [check box as applicable]: � Adjustable Rate Rider � Condominium Rider 0�econd Home Rider 0 Balloon Rider 0 Plannec� Unit Development Rider 0 1-4 Family Rider � VA Rider 0 Biweekly Payment Rider 0 Other(s) [specify] (11 "Applicable taw" means all controlling applicable federal, state and local statutes, regulations, ordinances and administrative rules and orders (that have the effe,ct of law) as well as aII applicable final, non-appealable judicial opinions. (J) "Community Association Dues, Fees, and Assessments" means all dues, f�s, assessments and other charges that are imposed on Bonower or the Property by a condominium association, homeowners association or similaz organizarion. (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 ternunal, telephonic instrument, computer, or magnetic tape so as to order, instruct, or authorize a financial institurion to debit or credit an account. Such term includes, but is not limited to, point-of-sale transfers, autornated teller machine transactions, transfers initiated by telephone, wire transfers, and automated clearinghouse transfers. (L) "Escrow Items" means those items that are 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) misrepresentations of, or omissions as to, the value and/or condirion of the Property. NEBRASKA-Single Family-Fannie Mae/Freddie Mac UNIFORM INSTRUMENT Form 3028 7/Ot VMP � VMPB(NE1 (1105) Wolters Kluwer Flnancial Services Page 2 of 17