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20060578~ (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 TierOne Bank (E) "Note" means the promissory note signed by Borrower and dated June 28th, 2006 l'he Note states that Borrower owes Lender TWENTY EIGHT THOUSAND AND 00/100 Dollars (U.S. $ 28,000.00 ) plus interest. Borrower has promised to pay this debt in regular Periodic Payments and to pay thl:: (kbt in full not later than July 1, 2021 (F) "Propcl'ty" means the property that is described below under thl:: hl::ading "Transfer of Rights in the Property." (G) "Loan" means the debt evidenced by the Note, plus interest, any prepayment charges and late ehargcs due under the Note. and all sums due under this Security Instrument. plus interest. (1-1) "Riders" means all Riders to this Sceurity Instrument that arc executed by Borrower. The f()llowing Riders are to be executed by Borrower I check box as applicable I : D Adjustable Rate Rider D Bailoon Rider D VA Rider D Condominium Rider D Second Home Rider D Planned Unit Development Rider [iJ 1-4 Family Rider D Biweekly Payment Rider D Other(s) I specify I (1) "Applicahle 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. (.J) "Community Association Dues, "~ees, and Assessments" means all dues, fees, assessments and other charges that arc imposed on Borrower or the Property by a condominium association, homeowners association or similar organization. (K) "Electronic Funds Transfer" means any transfer of funds, other than a transaction originated hy 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 tdkr machine transactions, transfers initiated by telephone, wire transfers, and automated clearinghouse transfers. (L) "Escrow Items" means those itcms that arc deserihed in Section 3. (;VI) "Miscellaneous Proceeds" means any compensation, settlemcnt. award of damages. or proceeds paid by any third party (other than insurance proceeds paid under the coverages described in Section 5) for: (i) damage to, or destruction of: the Property; (ii) condenlllation or other taking of all or any part of the Property; (iii) convt:yant:c in lieu of condemnation; or (iv) misrcpresentations of. or omissions as to, the value and/or condition of the Property. (N) "Mortgllge Insurance" mt:ans insurance prolt:cting Lender against the nonpaYlTlt:ut of, or dcfault on, the Loan. p~~ 2 of 1 5 ,",4sg/ 06-041407 .-6(NE) (0,107).01 (f> Fonn 3028 1101