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2008_04081 \ \ r ,i; (C) ''Lender'' is EQUITABLE BJ\NK 'jo ; t..;. Lender is a Savings Bank organized and existing nnder the laws of THE STATE OF NEBRASKA Lender's address is 113-115 N LOCUST ST PO BOX 160 GRAND ISLAND NE 68802-0160 Lender is the beneficiary nnder this Security Instnunent. (D) ''l'rnstee'' is EQUITABLE BJ\NK (E) "Note" means the promissory note signed by Borrower and dated May 08, 2008 The Note states that Borrower owes Lender TWENTY NINE THOUSAND TWO HUNDRED AND 00/100 Dollms (U. S. $ 29,200.00 ) plus interest. Borrower has promised to pay this debt in regulm Periodic Payments and to pay the debt in full not later than June 1, 2023 (F) "Property" means the property that is described below nnder the heading "Transfer of Rights in the Property. " (G) ''Loan'' means the debt evidenced by the Note, plus interest, any prepayment chmges and late chmges due nnder the Note, and all sums due nnder this Security Instnunent, plus interest. (H) "Riders" means all Riders to this Security Instnunent that me executed by Borrower. The following Riders me to be executed by Borrower [check box as applicable]: D Adjustable Rate Rider D Balloon Rider D VA Rider D Condominium Rider D Second Home Rider D Planned Unit Development Rider [i] 1~4 Family Rider D Biweekly Payment Rider D Other(s) [specify] (I) "Applicable 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 fmal, non-appealable judicial opinions. (J) "Community Association Dues, Fees, and Assessments" means all dues, fees, assessments and other chmges that me imposed on Borrower or the Property by a condominium association, homeowners association or similm organization. (K) ''Electronic Funds Transfer" means any transfer of funds, other than a transaction originated by check, draft, or similm paper instnunent, which is initiated through an electronic terminal, telephonic instnunent, computer, or magnetic tape so as to order, instruct, or authorize a financial institution to debit or credit an acconnt. Such term includes, but is not limited to, point-of-sale transfers, automated teller machine transactions, transfers initiated by telephone, wire transfers, and automated cleminghouse transfers. (L) "Escrow Items" means those items that me described in Section 3. (M) "Miscellaneous Proceeds" means any compensation, settlement, awmd of damages, or proceeds paid by any third pmty (other than insurance proceeds paid nnder the coverages described in Section 5) for: (i) damage to, or destruction of, the Property; (ii) condemnation or other taking of all or any part of the Property; (Hi) conveyance in lieu of condemnation; or (iv) misrepresentations of, or omissions as to, the value and/or condition of the Property. (N) ''Mortgage Insurance" means insurance protecting Lender against the nonpayment of, or default on, the Loan. Initials: 3F KF 230325 CIIl-6(NE) (0407).O~ Page 2 of 1 5 Form 3028 1/01