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200603226 (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 bcndiciary undcr this Security Instnnnent. (D) "Trustee" is TierOne Bank (E) "Note" means the promissory note signed by Borrower and dated April 7th, 2006 The Note states that Borrower owes Lemler ONE HUNDRED TWENTY SIX THOUSAND AND 00/100 Dollars (U.S. $ 126,000.00 ) plus interest. Borrower has promised to pay this debt in regular Periodic Payments and to pay the dcbt in full not later than May 1, 2036 (F) "Property" rneans the property that is dcseribed below under the hcading "Transfer of Rights in the Property. " (G) "Loun" means the debt evidenced by the Note, plus interest, any prepayment charges and late eharges due under the Note, and all sums due under this Sccurity Instrument, plus intercst. (H) "Riders" means all Riders to this Security Instrument that are executed by Borrower. The following Riders are to be executed by Borrower I check box as applicablel: D Adjustable Rate Rider D Balloon Rider D VA Ridt:r D Condominium Rider D Second HOI1lt: Rider o Planned U nit Development Rider D 1-4 Family Rider D Biweekly Payment Rider D Other(s) [specifyl (I) "Applicable L~lW" means all controlling applicable federal, state and local statutes, rcgulations, 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 Borrmver or the Property by a condorninium 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, 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 automatl:d clearinghouse transfers. (L) "Escrow Items" means those itcms that are describt:d in Section 3. (1\1) "Miscellaneous Proceeds" means any compensation. settlement. award of damages. or' proceeds paid by any third party (other than insurance procl.:l.:ds paid under the coveragl.:s described in Section 5) for: (i) damage to. or destruction of. the Property; (i i) condemnation or other taking of all or any part of the Property; (iii) conveyance in lieu of condemnation; or (iv) misrcpresentations of. or omissions as to, the value and/or condition ofthe Property. C'II) "Mortgage Insurance" means insurance protecting Lender against the 110l1payrnent of, or default 011, the Loan. Inltia Is: M W r1lt-../ 0110247977 .--.. -6(NE) (0407).01 ~ Page 2 of 1 5 Fonn 3028 1/01