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2010U7877 (C)'Z.ender"is EQI.IITABLE BANK Lender is a Sdvi ngs Bank prganized and exiscing under the laws of T H� S 7 A7 E 0 F N E B RA S KA Lender's address is 113 N LOCUST 5T PO BOX 160 GRAND ISLAND NE 68802 Lender is the bene�ciary under this 5ecurity Instrumsnt. (D) `Trustee"is EQUITABLE BANK (E) "Note" rneans the promissory note signed by Borcower and dated 0 C t o b e t^ 2 0, 2 O 1 � . The Note states that Borrower owes I,ender TWO HUNQRED E IGHTY TW� THDUSAND ANb 00 / 100 Dollars (U.5. $ 282 , 000 . 00 ) plus interest. Borrower has promised to pay this debt in regular Periodic Payments and to pay the debt in full not later than November 1, 2040 . (F) 'Property" means the property that is described below under the heading "Transfer o£ 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 al] surns due under this Security Instrument, plus interest. (H) "Riders" rneans all Riders to this Security Instrument that are executed by Borrower. The following Riders are to be executed by Borrower [check box as applicable]: 0 Adjustable Rate Rider 0 Condominium Rider 0 Second Home Rider � Balloon Rider 0 Planned Unit Development Rider ❑ 1-4 Family Rider 0 VA Rider � Biweekly Payment Rider ❑ Other(s) [specify] (I) "Applicable Law" means a11 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 ather charges that are irnposed on Borrower or the Property by a candominium association, homeowners association or similar organization. (K) "Electranic Fpnds Transfer" means any transfer of funds, other than a transactipn originated by check, draft, or similar paper instrument, which is initiated through an electronic terminal, telephonic instrument, coxnputer, 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, aixtomated teller machine transactions, transfers initiated by telephone, wire transfers, and automated clearinghvuse transfers. (L) "Escrow Items" means those items that are described in 5ection 3. (M) "Miscellaneous Proeeeds" rneans any compensation, settlement, award of damages, or proceeds paid by any third party (other than insurance proceeds paid under the coverages described in Section S) for: (i) damage to, or destruction of, the Property; (ii) condemnation or other taking af all or any part of the Property; (iii) conveyance in lieu of condemnation; ar (iv) misrepresentations of, or omissions as to, the value and/or condition of the Property. (N) 'ZVIartgage Insurance" rneans insurance protecting Lender against the nonpayment of, or default on, the Loan. NEBRASKA - Single Family - Fannie MaelFreddie Mac UNIFORM INS7RUMENT �-6�NE) (D811) Pape2 of 15 Initials: � � 230935 � m 3028 1/07