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201n07430 <br />(C) "Lender"is EQlIT7ABLE BANK <br />Lender is a Savi ng5 Bank <br />organized and existing under tlae laws of T H E S TAT E 0 F N E B RA S KA <br />Lender's address is 113-115 N LOCU5T ST PO BOX 160 GRAND ISLAND NE 68802-0160 <br />Lender is the bene�ciary under this Security Instrument. <br />(D) "Trustee"is EQUITABI�E BANK <br />(E) "Note" means the promissory note signed by Borrnwer and dated OCtober^ 04 , 2010 . <br />The Note states that Borrower owes Lender 0 N E H U N D R E D 5 I X T Y F I V E T H 0 U S A N D A N D <br />0 0/ 10 0 Dollars <br />(U. S. $ 165 , 000 . 00 ) plus interest. Sorrower has promised to pay this debt in regular Peripdic <br />Payments and to pay the debt in full not later than November 1, 2040 . <br />(F) 'Troperty" means the property that is described below under the heading "Transfer oF Rights in the <br />Property. " <br />(G) '7�oan" means the debt evidenced by the Note, plus interest, any prepayment charges and late charges <br />due under the Note, and a11 surns due under this Security Instrument, plus interest. <br />(H) "Riders" means all Riders to this Security Instrument that are executed by Borrower. The following <br />Riders are to be executed by Sorrower [check box as applicable]: <br />0 Adjustable Rate Rider [.� Condominiu�n Rider � Second Home Rider <br />� Balloon Rider � Planned Unit Developztxent Rider 0 1-4 Pamily Rider <br />� VA Rider 0 Biweekly Payment Rider � Other(s) [specify] <br />(I) "Applicable Law" means all controlling applicable federal, state and local statutes, regulations, <br />ordinances and administrative rules and orders (that have the effect af law) as well as all applicable final, <br />non-appealable judicial opinians. <br />(.n "Community Association Dues, Fees, and Assessments" means all dues, fess, assessments and other <br />charges that are imposed on Borrower or the Property by a condominium asspciation, homeowners <br />association or similar organization. <br />(K) "Eleetronie Funds Tr�nsfer" means any transfer of funds, other than a transaction originated by <br />check, draft, or similar paper instrurnent, which is initiated through an electronic terminal, telephonic <br />instrument, computer, or magnetic tape so as to order, instruct, or authorize a financial institution to debit <br />or credit an account. Such term includes, but is npt limited to, point-of-sale transfers, automated teller <br />machine transactians, transfers initiated by telephone, wire transfers, and automated clearinghouse <br />transfers. <br />(L) "Eserow Items" rneans those items that are described in Section 3. <br />(M) "Miscellaneous Praceeds" means any compensation, settlement, award of damages, or proceeds paid <br />by any third pariy (ather than insurance proceeds paid under the coverages described in Section 5) for: (i) <br />damage to, or destruction of, the Property; (ii) condemnation or other taking of all or any part of the <br />Property; (iii) conveyar�ce in lieu of condemnation; or (iv) misrepresentations of, or omissians as to, the <br />value and/or condition of the Property. <br />(N) 'ZVIortgage Insurance" means insurance protecting Lander against the nonpayment of, ar default an, <br />the Loan. <br />z3o911 <br />NEBRASKA - Single Family - Fannie M ae/Freddie M ac UNIFORM INSTRUM ENT <br />�-B�NE) (0811) Page2 of 15 �nitia�s: �� Form 3028 7/01 <br />� <br />