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2010074iE (C)'Z.ender"is EQUITABLE BANK Lender is a Savi ngs Bank organized and existing under the laws of T H E S TAT E 0 F N E B RA 5 KA Lender's address is 113 N LOCUST ST PO BOX 160 GRAND ISLAND NE 68802 Lender is the beneficiary under this Security Instrument. (D)'"Trustee"is EQUI7ABLE BANK (E) "Note" means the prozxa�issory note signed by Borrower and dated 5 e p t e m b e 1' 2 7, 2 010 . The Note states that Borrawer owes L�nder ONE HUNDRED SIX7Y THOUSAND AND 00/100 Dollars (U. S. $ 160 , 000 . 00 ) plus interest. Borrawer has promised to pay this debt in regular Periodic Payrnents and to pay the debt in full not later than 0 C t o b e I^ 1, 2 040 . (F) 'Troperty" means the property that is described below under the heading "Trans£ez' of Rights in the Property. " (G) "Lo�n" means the debt evidenced by the Note, plus interest, any prepayment charges and late charges due under the Note, and all sums due under this Security Instrument, plus interest. (H) '�2iders" means all Riders to this Security Instrument that are executed by Borrpwer. The following Riders are to be executed by Borrower [check box as applicable]: 0 Adjustable Rate Rider ❑ Condominium Rider ❑ Second Home Rider 0 Balloon Rider Xn. Planned LTnit Development Rider � 1-4 Pamily Rider 0 VA Rider ❑ Biweekly Payment Rider 0 Other(s) [specify] (T) "Applieable 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. (.n "Community Association Dues, Fees, and Assessments" means all dues, fees, assessments and other charges that are imposed on Borrower or the Prqperty by a condominium association, homeawners association or similar organization. (K) '�lectronic Funds Transfer" means any transfer of funds, other than a transactipn ariginated 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 institutipn to debit or credit an account. Such term includes, but is not limited ta, point-of-sale transfers, autotnated teller rtxachine transactions, transfers initiated by telephone, wire transfers, and automated clearinghouse transfers. (L) "Escrow Itetns" means those items that are described in Section 3. (M) "Miseellaneous Proceeds" means any compensation, settlerzxent, award of damages, or proceeds paid by any third pariy (other than insurance proceeds paid under 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; (iii) conveyance in lieu of condemnation; or (iv) misrepresentations of, or omissions as to, the value and/or condition of the Property. (N) "Mortgage Insuranee" means insurance protecting Lender against the nonpayment of, or default on, the Loan. 230901 NEBRASKA - Single Family - Fannie MaelFreddie Mac LINIFORM INSTRUMENT �-6(NE) �osi i� Page 2 of 15 iniiiais � Form 3028 1101 �