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200601775 (C) "Lender" is TierOne Bank Lender is a Savings Bank organized and existing under the laws of UNITED STATES OF AMERICA Lender's address is 1235 N STREET LINCOLN NE 68508- Lender is the beneficiary under this Security Instrument. (D) "Trustee" is u. S. BANK TRUST COMPANY, National Association (E) "Note" means the promissory note signed by Borrower and dated February 27th, 2006 The Note states that Borrower owes Lender SIXTY TWO, THOUSAND FIVE HUNDRED AND 00/100 Dollars (U.S. $ 62,500.00 ) plus interest. Borrower has promised to pay this debt in regular Periodic Payments and to pay the debt in full not later than March 1, 2036 (F) "Prope'"ty" 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 interest, any prepayment charges and late charges due under the Note, and all sums due under this Security Instrument, plus interest. (H) "Riders" means all Riders to this Security Instrument that are executed by Borrower. The f()lIowing Riders arc to be executed by Borrower I check box as appl ieable 1: D Adjustable Rate Rider D Bailoon Rider D VA Rider D Condominium Rider D Second }-Iome Rider D Planned Unit Development Rider D 1-4 Family Rider D Biweekly Payment Rider [XJ Other(s) [specify I NIFA FORM E-3 (1) "Applicable Law" means all controlling applicable federal, state and local statutes, regulations. ordinances and administrative rules and orders (that have the dIect of law) as well as all applicable final. non-appealable judicial opinions. (.J) "Communi~' 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, h0l1ll::owners 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 tluough 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 c1caringhouse transfers. (L) "Escrow Items" means those items that arc described in Section 3. (M) "Miscellaneous Proceeds" means any compensation. scttlement, award of damages, or proceeds paid by any third party (other than insurance proceeds paid under the coverages described in Section 5) fix: (i) damage to, or destruction oi~ the Property; (ii) condemnation or other taking of all or any part of the Property; (iii) conveyance in lieu of condemnation; or (iv) misreprcsentations o( or omissions as to, the value and/or condition of the Property. (''I) "Mortgage Insurllnce" means insurance protecting Lender against the nonpaynlent of, or dcj~lUlt on. the Loan. P"Je 2 of 1 5 InitialsG-i!2P V. 8.4. 0110247550 .-6(NE) (0407).01 @ FOIlTl 3028 1/01