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(C) "Lender" is EQUITABLE BANK Lender is the beneficiary under this Security Instrument. (D) "Trustee" is U. S. Bank Trust Company, National Association Lender is a Savings Bank organized and existing under the laws of THE STATE OF NEBRASKA Lender's address is 113 N LOCUST ST PO BOX 160 GRAND ISLAND NE 68802 -0160 "Note" means the promissory note signed by Borrower and dated August 04, 2 015 . The Note states that Borrower owes Lender EIGHTY SEVEN THOUSAND EIGHT HUNDRED SEVENTY EIGHT AND 00 /100 Dollars (U. S. $87,878.00 ) plus interest. Borrower has promised to pay this debt in regular Periodic Payments and to pay the debt in full not later than September 1 , 2045 'Property" means the property that is described below under the heading "Transfer of Rights in the Property." "Loan" means the debt evidenced by the Note, plus interest, and late charges due under the Note, and all sums due under this Security Instrument, plus interest. '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]: ( X Adjustable Rate Rider Other NIFA Form E -1 Rehabilitation Loan Rider 201505299 Condominium Rider n Planned Unit Development Rider "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. "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. "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 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 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) 900352071904 FHA Deed of Trust -NE 9/30/2014 Bankers SystemsTM VM P O VM P4R(NE) (1502).01 Wolters Kluw er Financial Services Page 2 of 16