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2009o4o~s (C) "Lender" is EQUITABLE BANK Lender is a Savings Bank organized and existing under the laws of TxE STATE OF NEBRASKA Lender's address is 113-x15 N LOCUST ST PO BOX 160 GRAND ISLAND NE 68802-0160 Lender is the beneficiary under this Security Instrument. (ll) 'Trustee" is EQUITABLE BANK (E) "Note" means the promissory note signed by Borrower and dated May 26, 2009 The Note states that Borrower owes Lender ONE kiUNDRED THIRTY F2VE THOUSAND TWO HUNDRED AND 00/100 Dollars ([J.S. $ 135,200.00 )plus interest. Borrower has promised to pay this debt in regular Periodic Payments and to pay the debt in full not later than June 1, 2039 (F) "Property" means the property that is described below under the heading "Transfer of Rights in the Property. " (G) "[,oars" means the de-bt evidenced by the Note, plus .interest, any prepayment charges and late charges due under the Note. and all stuns due under this Security lnstrument, plus interest. (I3) "Riders" means all Riders to this Security lnstrument that are executed by Borrower. The following Riders are to be executed by Borrower [check box as applicable]: ~~ Adjust.a.ble- Rate Rider 0 Condominium Rider [_.~ Second Home Rider Balloon Rider ~ ~ Plaamed Unit Development Rider ~ I-4 Family Rider [_T] VA Rider ~ 13iw•eekly Payment Rider ~ Other(s) [specify] (1} "Applicable LaH" means all controlling. applicable federal, state and local statutes. regulations, ordinances and administrative rules and orders (that have the eiaect of law) as well as all applicable final, non-appealable judicial opinions. (.}7 "Community Association Dues, Fees, and Assessments" mz•tns all dues, fees, assessments and other charges that are 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 by cheek, draft, or similar paper instrument, which is initiated through an electronic terminal, telephonic instrument, computer, ar 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-oi=sa e transfers, automated teller machine transactions.. transfers initiated by telephone, wire transfers, and automated clearinghouse transfers. (L) "k;scrow l.tems" means those items that are described in Section ~. (M) "Miscellarreous Proceeds" means any compensation, settlement, award oC damag,cs, or proceeds paid by an}~ third party (other than insurance proceeds paid under the coverages described. in Section 5) for: (i) damage io, or destruction of, the Propert} ; (ii j condemnation or~ other taking oi' all or any part oi' the Property; (iii) conveyance in lieu of condemnation; or (iu) misrepresentations ot; or omissions as to, the value and."or condition of the Property. (N) "Mortgage Insurance" means insurance. protecting Lender against the nonpayment ot; or default on, t}~e I.,oan. 230532 NEt:3RASKA -Single F=amily -Fannie MaelFreddie Mac UNIFORM INSTRUMENT -6(NE) ~uai~~ Paget of 15 initials _~ u~ Form 3028 1101 C7