201209483 - Laserfiche WebLink

Browse

. 201209483 (C) "Lender" is EQUITABLE BANK Lenderisa Savings Bank organized and existing uuder the laws of TH E STAT E 0 F N EB RAS KA Lcnder'saddressis 113 N LOCUST ST PO BOX 160 GRAND ISLAND NE 68802 0160 Lender is the beneficiary under tivs Security Insh-ument. (D) "Trustee" is EQUITABLE BANK (E) "Note" means fhe promissory note signed by Borrower and dated N o v emb e I' 05, 2 012 . Thc Note statesthatBorrowerowesLender SIXTY THOUSAN� AND 00/lOD Dollars(U_S. $60,000.00 )plus interest. Boirower has promised to pay this debt in xegular Periodic Payments and to pay the debt in full not later thaiY Decemb e r 1, 2027 . (F) "Property" means the properh�tUat is described below under the heading"Transfer of Rights in the Propert}�." (G) "Loan" means the debt evidenced by the Note, plus interest, any prepayment charges and late chaz'ges due under the Note, and all sums due under this Security Inshvment, pinc interest. (H) "Riders° means all Riders to this Sccurity Instnunent fl�at are executed by Borrower. The following IZiders aze to be executed by Borrower [check box as applicable]: � Adjustable Rate Rider � Condrnnini,,.,, �der � Second Home Rider � Balloon Rider �Planned unit Developmen2 Rider � 1-4 Family Rider � VA Rider �Biweekly Payinent Rider I� Other(s) [spccify] (!) "AppOicable Law" means all controlling applicable federal, state and local statutes, regularions, ordinances and adminisfraflve rules and orders (that have the effect of law) as well as all applicable final, non-appealahle judicial opnuons. (J) "Community Association �ues, Fees, and Assessments" means all dues, fees, assessments and other charges that aze imposed on.Bonower or the Properiy by a condoininiuxn association, hoineowners association or similar organization. (K) "Electrpnic Funds Transfer" means any uansfer of funds, othes ihan a transaetion originated Uy check, clraft, or sunilar paper instrumenL which is initiated through an electronic tetminal, telephonic instrument, compirtex, or magietic tape so as to order, insuuct, or authorize a&naucia] uistitution to debit or credit an account. Such term mcludes, but is not lunited to, point-of-sale transfers, automated teller machine transacti�ns, transfers initiated by telephone, wire transfers, and automated clearuighouse transfers. (L) "Escrmw Items" means those items that are described in Section 3. (M) "M iscellaneous Proceeds" means any compensarion, setflemcnt; award of daanages, or proceeds paid by any third party(other than insurance proceeds paid under the coverages descnbed 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 ip lieu of condemnation; ar(iv)misrepresefftations of', oz omissions as to, the value and/or conditi6n af the Pxo�aertv. zaaavis N EBRASKA-Sin�le Fam ily-Fannie M aelFreddie M ac UNI FORR4 INSTRUM FIJT Form 3028 1 i 01 VM P�, VM P6(N�(1105) N,�olters Kluwer Fnancial Services Page 2 ofi 1�