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201007707
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Last modified
10/19/2010 4:54:33 PM
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10/19/2010 4:54:33 PM
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DEEDS
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201007707
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�o�uo�7o` <br />(C) "I.ender"is EQUITABLE BANK <br />Lender is a SBVi ng5 Bdnk <br />organized and existing under the laws of TH E STAT E 0 F N E B RA5 KA <br />Lender' saddressis 113 N LOCUST 57 PO BOX 160 GRAND TSLANb NE 68802 <br />Lender is the beneficiary under this Security Instrument. <br />(D)'Trustee"is EQUITABLE BANK <br />(E) "Note" means the promissory note signed by Barrower and dated 0 C t o b e I' 14 , 2 O 1 p . <br />The Note states that Barrawer owes Lender T W 0 H U N D R E D T H 0 U S A N D A N D 0 0/ 7. 0 0 <br />Dollars <br />(U. S. $ 200 , 000 . 00 ) plus interest. Borrower has promised ta pay this debt in regular Periodic <br />Payments and to pay the debt in full not later than N o v e m b e r 1, 2 0 2 5 . <br />(F) "Property" means the property that is described below under the heading "Transfer of Rights in the <br />Property. " <br />(G) 'Z.oan" 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 are exacuted by Borrower. The following <br />Riders are to be executed by Borrower [check box as applicable]: <br />� Adjustable Rate Rider 0 Condominium Rider [] Second Home Rider <br />� Balloon Rider 0 Planned Unit Development Rider 0 1-4 Family Rider <br />0 VA Rider ❑ 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 of law) as well as all applicable final, <br />non-appealable judicial opinions. <br />(.n "Community Association Dues, Fees, and Assessments" means all dues, fees, assessments and other <br />charges that are unposed oan Borrower or the Property by a condominium assaciation, homeowners <br />association or similar organization, <br />(K) "Electranic Fands Transfer" means any transfer of funds, other than a transaction originated by <br />check, draft, or similar paper instnuxient, 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 not limited to, point-of-sale transfers, automated teller <br />machine transactions, transfers initiated by telephone, wire transfers, and automated clearin�house <br />transfers. <br />(�.,) "Escrpw Items" means those items that are described in Section 3. <br />(M) "Miseeuaneous Proceeds" means any compensation, settlement, award of damages, or proceeds paid <br />by any third party (other than insurance proceeds paid under the coverages described in Section 5) for: (i) <br />dama�e to, or destruction of, the PropeRy; (ii) condemnation or other talcing of all or any part of the <br />Property; (iii) conveyance in lieu of condemnation; or (iv) misrepresentations of, or omissions as to, the <br />value and/or condition of the Property. <br />(N) "Mortgage Insurance" rneans insurance protecting Lender against the nonpayxnent of, or default on, <br />the Loan. <br />230924 <br />N�BRASKA - Single Family - Fannie Mae/Freddie M ac UNIFORM INSTRUM ENT <br />�-6(NE) �oei �� Page 2 of 15 Initiats: �^� Form 3028 1101 <br />� <br />
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