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201206070 (C) "Lender" is EQUITABLE BANK Lender is a Savings Bank organized and existingunder thelaws of THE STATE OF NEBRASKA Lender's address is 113-115 N LOCUST ST PO BOX 160 GPAND ISLAND NE 68802-0160 Lender is the beneficiary under this Security Instrument - (D) "Trustee"is EOUTTABLE BANK (E) "Note" means the promissory note signed by Borrower and dated July 20, 2012 The Note states that Borrower owes Lender ETGHTY SEVEN THOUSAND AND 00/100 Dollars(U.S. $87.000.00 ) 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, 2020 - (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 interestr any prepayment charges and late charges due under the Note, and all s ums due under this Seourity Instrument, plurs inter est. (H) " Riders" means all Riders to this Security lustrument that are executed by Borrower. The following Riders are to be executed by Borrower [check box as applicable]: D Adjustable Rate Rider El Condominium Rider Second Home Rider E] Balloon Rider EE Planned Unit Development Rider Ej 1-4 Family Rider El VA Rider El Biweekly Payment Rider E::] Othcr(s) [specify] (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 -appealable 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 condommium 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, instrucrt, or authorize a financial institution to debit or credit an account. Such term 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) "Miscellaneous Proceeds" means any comperisation, settlement, award of damages, or proceeds paid by any third party (other than insurance proceeds paid under the cover ages described in Section 5) for: (i) damage to, or destruction of, the Property, (ii) condemnation or other talcing of all or any part of the Property, (m) conveyance in lieu of condemnation; or (iv) misrepresentations of, or omissions as to, the —value and/or condition of the Property. NMMSKA-Sirgle Pam ill M ao)Frmadie N1 ae UNIFORA INSTRUMErIT 24001526 V,%l P g� Form 3028 1131 Wolters Kluwer Financial Sejoss VMK(NE) (1105) Page 2 oi 17