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201206068
<br />(C) "Lender" is EQUITABLE BANK
<br />Lenderisa Savings Bank
<br />organized andexisLing Linder the laws of THE STATE OF NEBRASKA
<br />f,euder's address is 113-115 N LOCUST ST PO BOX 160 GRAND ISLAND NE 68802-0160
<br />Lender is the beneficiary under this Security Instrument.
<br />(D) "Trustee" is EQUITABLE BANK
<br />(E) "Note" means the promissory note signed by Borrower and dated July 20, 2012 . The Note
<br />states that Borrower owes Lender ONE HUNDRED FORTY SEVEN THOUSAND TWO HUNDRED
<br />AND 00/1dC
<br />Dollars (U,S, $147 , 200 , 0 0 plug interest. Borrower has promised to pay this debt in regular
<br />Periodic Payments and to pay the debt in full not later duifl Augus L 1 , 2032
<br />(F) "Property" means the property that is described below Linder [be beading "Transfer of Rights in the
<br />Property, "
<br />(G) "Loan" means the debt evidenced by the Note, plus interest, any prepayment charges and late charges due
<br />under the Note, and all sums due under this Security Instrument, plus interest.
<br />(H) "Riders" means all Riders to this Security Instrument that are executed by Borrower, The following Riders
<br />are to be executed by Borrower [check box as applicable]:
<br />Adjustable Rate Rider [-1 Condominium Rider L-1 Second Home Rider
<br />Balloon Rider El Planned Unit Development Rider D 1-41 Family Rider
<br />VA Rider F7 Biweeldy Payment Rider F-7 Other(s) LsPecifY]
<br />(1) "Applicable Law" means all controlling applicable federal, state and local salutes, regulations, ordinances
<br />and administrative rules and orders (that have the effect of law) as well as all applicable final, non -appealable
<br />judicial opinions,
<br />(J) "Community Association Dues, Fees, and Assessments" means all dues, fees, assessments and other
<br />charges (hat are imposed on Borrower or the Property by a condominium association, homeowners
<br />association or similar organization.
<br />(10 "Electronic Funds Transfer" means any transfer of funds, other than a transaction originated by check,
<br />draft, or similar paper instrument, which is initiated through an electronic terminal, telephonic instrument,
<br />computer, or magnetic (apeso as to order, instruct, or authorize a financial institution to debit or credit an
<br />account. Such term includes, but is not limited to, poim-of-sale transfers, automated teller machine
<br />transactions, transfers initiated by telephone,, wife transfers, and automated clearinghouse transfers.
<br />(L) "Escrow Items" means those Items that are described in Section 3.
<br />(M) "Miscellaneous Proceeds" means any compensation, settlement, award of damages, or proceeds paid by
<br />any third party (other than insurance proceeds paid under the coverages described in Section 5) for: (I)
<br />damage to, or destruction of, the Property; (d) condemnation or other taking of all or any part of the
<br />Property; (ill) conveyance in lieu of condemnation; or (N) misrepresentations of, or emissions as to, the
<br />value and/or condition of the Property.
<br />240016W
<br />NEURASKA-Shplo MWF,oddl� M.,. UNIFORM INSTRUMENT Form 3028 1 /01
<br />VMP @ VMPUFNE� 11 10b)
<br />WoFtQr.q Klmjor Floaiidd Soryioos P�g. 2 f 17
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