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20110�2�9 lC) "Lender" � Home Federal Savings and Loan Assn of Grand Island I,ender is a Savi ngs and Loan organized and existing under the laws of Th e St at e o f N eb r a s k a Lender's address is 221 South Locust St Grand I sl and NE 68801- Lender is the beneficiary under this Security Insmtment. (D) "Trustee" is Arend R Baack, Attorney (E) "Note" means the promissory note signed by Bonower and dated 0 c t o b e r 2 5, 2 O 11 . The Note states that Borrower owes Lender THIRTY THOUSAND AND 00/100 Dollazs (U. S. $ 3 0, 0 0 0. 0 0 ) plus interest. �nower has promised to pay this debt in regular Periodic Payments and to pay the debt in full not later than November 1, 2026 . (F) "Property" means the property that is described Uelow under the heading "Transfer of Rights in the Properiy." (G) "Loa�n" 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 Securiry Instrument, plus interest. (H) "Riders" means all Riders to this Security Instniment that aze executed by Borrower. The following Riders are to be executed by Borrower [check box as applicable]: 0 Adjustable Rate Rider � Condominium Rider � Second Home Rider 0 Balloon Rider �] Planned Unit Development Rider [� 1-4 Faznily Rider � VA Rider [] Biwcekly Payment Rider 0 Other(s) [sge�ify] (I) "Applicable Law" means all controlling applicable federal, state and local statut�, regulations, ordinances and administrative rul� and orders (that have the effe,ct of law) as well as all applicable final, non-appealable judicial opinions. IJ) "Community Association Dues. Fees, and Assessments" means all dues, fees, assessments and other charges that are imposed on Borrower or the Property by a condominium association, homeowners association or similar organization. (K) "Electronic Funds Transfer" means any transfer of funds, other tb,an a transaction originated by check, draft, or similaz paper instrument, which is initiated through an electronic terminal, telephonic instrument, computer, or magneric tape so as to order, instruct, or authorize a financial institurion to debit or cre�it an account. Such term includes, but is not limited to, point-of-sale transfers, automated teller machine transactions, transfers iniriatefl by telephone, wire transfers, and automate�i clearinghouse transfers. (L) "Escrow Items" means those items that are described in Section 3. (M1 "Miscellaneous Proceeds" means any compensation, settlement, award of damages, or proceeds paid by any third party (other than insurance proceeds paid under the coverages described in Secrion 5) for: (i) damage to, or destruction of, the Property; (ii) condemnation or other taking of a11 or any part of the Property; (iii) conveyance in lieu of condemnarion; or (iv) misrepresentations of, or omissions as to, the value andior condition of the Prope . NEBRASKA-Singie Famlly-Fannie Mae/Freddie Mac UNIFORM INSTRUMENT Form 3028 1(Ot VMP � VMP6(NE) (1106) Wolters Kluwer Flnancial Services Page 2 of 17