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<br />200603224 <br /> <br />(e) "Lender" is TierOne Bank <br /> <br />Lender is a Savings Bank <br />organized and existing under (he laws of UNITED STATES OF AMERICA <br />Lender's address is 1235 N STREET LINCOLN NE 68508- <br /> <br />Lender is the beneficiary under this Security Instrument. <br />(D) "Trustee" is TIERONE BANK <br /> <br />(E) ""I,jote" means the promissory note signed by Borrower and dated April 7th, 2006 <br />The Note states that Borrower owes Lender SEVENTY FIVE THOUSAND SIX HUNDRED FIFTY <br />AND 00/100 Dollars <br />(U.S. $ 75,650.00 ) plus inten;st. Borrower has promised to pay this debt in regular Periodic <br />Payments and to pay the debt in full not later than May 1, 2036 <br />(F) "Property" means the property that is deseribed below under the heading "Transfer of Rights in the <br />Property. " <br />(G) "Loan" means the debt evideneed by the Note. plus interest, any prepayment charges and late eharges <br />due und\:r the Note, and all sums dut: under this Security Instrument, plus interest. <br />(H) "Riders" means all Riders to this Security Instrument that are executed by Borrower. Thc f()llowing <br />Riders are to be executed by Borrower Icheck box as applicable]: <br /> <br />D Adjustable Rate Rider <br />D Bailoon Rider <br />D VA Rider <br /> <br />D Condominium Rider D Second HOlm;. Rider <br />o Planned Unit Dcvelopment Rider D 1-4 Family Rider <br />D Biweekly Payment Rider D Other(s) I specify] <br /> <br />(I) "Applicable Law" means all controlling applicable federal, state and local statutes, rcgulations, <br />ordinances and administrative rules and orders (that have the effect of law) as well as all applicable final. <br />non-appealable judicial opinions. <br />(.J) "Community Association Dues, Fees, and Assessments" means all dues, fees, assessmcnts and other <br />charges that are imposed on Borrower or the Property by a condominium association, homeowners <br />association or similar organization. <br />(K) "Electronic Funds Transfer" means any transfer of funds, other than a transaction originated by <br />eheck. draft. or similar paper instrument. which is initiated through an eleetronic terminal. telephonic <br />instrument. computer, or rnagnetic tape so as to order. instruct, or authorize a financial institution to debit <br />or credit an account. Such term includes, but is not limited to, point-of-sale transfers, automated teller <br />machine transactions, transfers initiated by telephone, wire transfers, and automated clearinghouse <br />transfers. <br />(L) "E.scrow Items" means thosc items that are described in Section J. <br />(M) "Miscellaneous Proceeds" means any compensation. settlement. award of damages, or proceeds paid <br />by any third party (other than insurance proceeds paid under the coverages described in Section 5) for: (il <br />damage to. or destruction of the Property; (ii) condemnation or other taking of all or any part of the <br />Property~ (iii) conveyance in lieu of condemnation; or (iv) misrepresentations of or omissions as to. the <br />value and/or condition of the Property. <br />C'I) "Mortgage Insunll1ce" means insurance protecting Lender against tll\: nonpayment oC or default on. <br />thc Loan. <br /> <br />Initials; <br /> <br /><:i:) <br /> <br />0110247970 <br /> <br />e-6(NE) (0407).01 <br />(!> <br /> <br />P<lJf::? of 15 <br /> <br />Form 3028 1101 <br />