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201206044 (C) "Lender" is EQUITABLE BANK Lenderisa Savings Bank organized and existing under the laws of THE STATE OF NEBRASKA Lender's address is 113-115 N LOCUST ST PO BOX 160 GRAND ISLAND NE 68802-0160 Lerider is the beneficiary under this Security Instrument. (D) "Trustee" is EQUITABLE BANK (E) "Note" means thepronfisgory note signed by Borrower and dated July 19, 2012 The Note states that Borrower owes Lender TWO HUNDRED THOUSAND AND 00/1.00 Dollars (U.& $200,000. 00 ) plus interest. Borrower has promised to pay this debt in regular Periodic Payments and to pay the debt in full not later than August 1, 2042 (F) "Property" means the property that is described below Linder the heading "Transfer of Rights in the Property. " (G) "Loan" means the debt evidenced by the Note, plusinterest, any prepayment charges and late charges due under the Note, and all suras due under this Security Instrument, plus interest. (H) "Riders" means all Riders to this Security Instrument that are executed by Borrower, The following Riders are to be executed by Borrower check box as applicable]: [fl A4juStablo Rate Rider L� Condominium Rider Second lloino Rider Balloon Rider E-1 Planned Unit Development Rider Ll 1-4 Family Rider VA Rider F-1 Biweekly Payment Rider El other(s) i specifYi (1) "Applicable Law" means all controlling applicable federal, state and local statutes, regulations, ordinances and administrative rules and orders (that have the effect of law) as well as all applicable final, non-appealablo judicial opinions. (J) "Community Association Dues, Fees, and Assessments" ificans all drics, fees, assessments and other charges that arc imposed on Borrower or the Property by a condominium association, homeowners association or similar organization. (K) "Electronic Funds Transfer" means any transfer of funds, othet than a transaction originated by check, draft, or sirmilar 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 term includes, but is not limited to, point-of-sido transfers, automated teller machine transactions, transfers initiated by telephone, wire transfers, and automated clearinghouse transfers. (L) "Escrow Items" means (hose items that are described in Section 3. (M) " M iscellaneous Proceeds" means any compensation, settlement, award of damages, of proceeds paid by any third party (other than insurance proceeds paid Linder the coverages described in Section 5) for: (i) damage to, or destruction of, the Property; (ii) condemnation or other taking of all or my part of the Property; (iii) conveyance in lieu of condemnation; or (iv) misrepresentations of, or ornissions as to, the value ardior condition of the Property. 24001611 NEBRASKA-Sinple Fawily-Fanifle M aoiFroddflo M oc UNIFORM INSTRUNI ENT Form 3026 Vul VNI P @ Vis P6 Wolters Kluv., r Fluui.i ser,l.e, P(N E) a 10 5� ag� 2 of I