201007872 - Laserfiche WebLink

Browse

�oioo�s7z (C)'Zender" is EQUITABLE BANK Lender is a S a v i n g s B a n k organized and existing under the laws of T H E 5 TAT E 0 F N E B RAS KA Lender'saddressis 113-115 N LOCl1ST ST PO BOX 160 GRAND ISLAND NE 68802-016D Lender ia the beneficiary under this Security Instrument. (D)'"['rustee"is EQUITABLE BANK (E) "Note" rneans the promissory note signed by Borrower and dated OCtob2t" 19 , 2010 . Tk�e Nate states that Borrower owes Lender FI FTY THREE THOUSAND TWO HUNDRED AND 00 / 100 Dollars (U.S. $ 53 , 200 . 00 ) plus interest. Borrower has prozt�ised tp pay this debt in regular Periodic Payments and to pay the debt in full not later than N o v e m b e r 1, 2 0 2 5 . (F) "Praperty" means the property that is described below under the heading "Transfer of Rights in the Property." (G) "Loan" 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) 'Riders" means all Riders to this Security Instrument that are executed by Eorrower. The followin� Riders are to be executed by Borc [check box as applicable]: 0 Adjustable Rate Rider � Condominiurn Rider � Second Home Rider 0 Balloon Rider 0 Planned Unit Development Rider [] 1-4 Family Rider � VA Rider � Biweekly Payment Rider � Other(s) [specify] (I) "Applicable Law" means all controlling applicable federal, state and local statutes, regulations, ordinances and administrative rule5 and orders (that have the effect of law) as wel] as all applicable fmal, non-appealable judicial opinions. (,n "Cammunity Association Dues, Fees, and Assessments" zneans all dues, fees, assessments and other charges that are imposed on Borrower or the Property by a condozninium association, horneowners association or similar organization. (K) "�lectronic �unds Transfer" means any transfer of funds, other than a transaction originated by check, draft, or similar paper instrument, which is initiated through an electronic terminal, telephanic instrument, computer, or 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-of-sale transfers, automated teller machiue transactions, transfers initiated by telephone, wire transfers, and automated clearinghouse transfers. (L) "Escrow Jtems" means those items that are described in Section 3. (M) "Miscellaneous Proceeds" means any coxnpensation, settlement, award of damages, or proceeds paid by any third party (other than insurance proceeds paid under the coverages described in Section 5) far: (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) misrepresentatidns v£, or omissions as to, the value andJor condition pf the Property. (N) "Mortgage Insurance" means insurance protecting Ler�der against the nonpayment of, or default on, the Loan. 230933 NEBRASKA - Single Family - Fannie MaelFreddie Mac UNIFORM INS7RUMENT �-6�NE) (0811) Page2 of 15 Initials: �b [,� FOCn'1 3028 1/07 � ��W