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2 01108435 (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 T h e S t a t e o f N e b r a s k a Lender's address is 221 South Locust St Grand I sl and NE 68801- L.ender is the beneficiary under this Security Instrument. iD) °Trustee" is Arend R Baack, Attorney (E) "Note" means the promissory note signed by Borrower and dated November 03. 2011 . T'he Note states that Borrower owes Lender ONE HUNDRED FORTY EIGHT THOUSAND AND 00/100 Dollars (U.S. $148 , 000 . 00 ) plus interest. Borrower has promised to pay this debt in regular Periodic Payments and to pay the debt in full not later than De cemb e r 1, Z 0 31 . (F) "Property" means the property that is described below under the heading "Transfer of Rights in the Property." (G) "toan" means the debt evidenced by the Note, plus interest, any prepayment charges and late charges due under the Note, and alt sums due under this Security Instrument, plus interest. (Hj "Riders° means all Riders to this Security Instrument that aze executed hy Borrower. The following Riders are to be executed by Borrower [check box as applicable]: (� Adjustable Rate Rider 0 Condominium Rider [] Second Hon� Rider C] Balloon Rider � Planned Unit Development Rider [� 1-4 Family Rider � VA Rider � Biweekly Payment Rider [� Other(s} [specify] (1) "Applicable Law" means all controlling applicable federat, state and local statutes, regutarions, ordinances and administrative rules and orders (that have the effect of law) as well as all applicable final, non-appeaIable judicial opinions. (J! "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 than a transaction originated by check, draft, or similar paper instrument, which is initiated through an electronic terminal, telephonic instrument, computer, or magnetic tape so as to order, instruct, or authorize a financial institution to debit or credit an account. Such temi 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 are described in Section 3 (M) "Misceilaneous 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 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 omissio�s as to, the value and/or condition of the Property. NEBRASKA-Single Family-Fannie Mae/Freddie Mac UNIFORM INSTRUMENT VMP � Wolters Kluwer Financial Services Form 3028 1 /01, �� VMP6(NE) (71051� � Page 2 of 17