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<br />200605885 <br /> <br />(C) "Lender" is TierOne Bank <br /> <br />Lender is a Savings Bank <br />organized and existing under the laws of UNITED STATES OF AMERICA <br />Lender's address is 1235 N STREET LINCOLN NE 68508- <br /> <br />Lemkr is the beneficiary under this Security Instrument. <br />(D) "Trustee" is TierOne Bank <br /> <br />(E) "Note" means the promissory note signed by Borrower and dated June 30th, 2006 <br />The Note states that Borrower owes Lender ONE HUNDRED TWELVE THOUSAND EIGHT <br />HUNDRED FIFTY AND 00/100 Dollars <br />(U.S. $ 112,850.00 ) plus interest. Borrower has promised to pay this debt in regular Periodic <br />Payments and to pay the debt in full not later than July 1, 2036 <br />(F) "Property" means the property that is described below under the heading "Transfer of Rights in the <br />Property. " <br />(G) "Loan" means the debt evidenced by the Note, plus interest, any prepayment charges and late charges <br />due under the Note, and all sums due under this Security Instrument, plus interest. <br />(H) "Riders" means all Riders to this Security Instrument that arc executed by Borrower. The following <br />Riders are to be executed hy Borrower [check hox as applieableJ: <br /> <br />D Adjustable Rate Rider <br />D Balloon Rider <br />D VA Rider <br /> <br />D Condominium Rider D Second Home Rider <br />D Planned Unit Development Rider D 1-4 Family Rider <br />D Biweekly Payment Rider D Other(s) lspecify] <br /> <br />(I) "Applicable Law" means all controlling applicable federal. state and local statutes, regulations. <br />ordinances and administrative rules and orders (that have the etlect 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, asst:ssments and otht:r <br />charges that art: impost:d on Borrower or the Property by a condominium association, homeownns <br />association or similar organization. <br />(K) "Electronic Funds Transfer" means any transfer of funds. other than a transaction originated by <br />check, draft, or similar paper instrUlTlent, which is initiated through an elet:tronic terminal, telephonic <br />instrument, computer, or magndic tape so as to order, instruct, or authorizt: a financial institution to dcbit <br />or crt:dit an account. Such term includes. hut is not limitt:d to, point-of-sale transfers. automatt:d teller <br />machine transactions, transfers initiatt:d hy telephont:, wire transfers. and automated ckaringhouse <br />transfers. <br />(L) "Escrow Items" means those items that arc described in Section 3. <br />(M) "Miscellaneous Proceeds" means any compensation, St:ttlement, award of damagt:s, or proceeds paid <br />by any third party (otht:r than insurance proceeds paid un(,kr the covcragt:s described in Section 5) for: (i) <br />damage to, or destruction ot~ the Property; (ii) COl1lkmnation or other taking of all or any part of the <br />Propt:rty; (iii) conveyance in lieu of condemnation; or (iv) misreprt:st:ulatiol1s of~ or omissions as to, the <br />value and/or condition of the Propt:rty. <br />(N) "Mortgage Insurance" means insurance protccting Lender against the uonpayment of, or (,khlUlt on. <br />tht: Loan. <br /> <br />e-6(NE) (0407).01 <br />(~) <br /> <br />(r <br /> <br />IrlltiaIS:~'k. <br /> <br />06-041294 <br /> <br />Pa;Je 2 of 1 5 <br /> <br />Fonn 3028 1/01 <br />