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201007951
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Last modified
10/27/2010 4:19:56 PM
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10/27/2010 4:19:56 PM
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201007951
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2o�oo�s51 <br />(C) "Lender"is EQUITABLE BANK <br />Lender is a Savi ngs Bank <br />organized and existing under the laws of THE STATE OF NEBRASKA <br />Lender'saddressis 113-115 N LOCUST ST PO BOX 16p GRAND ISLANQ NE 6$$D2-0160 <br />Lender is the beneficiary under th.is Security Instrument. <br />(D)'"1'rustee"is EQUITABLE BANK <br />(E) "Note" means the promissory note signed by Borrower and dated 0 C t o b e r 2 2, 2 O 1 p . <br />The Note states that Borrower owes Lender TWO HUN�R�Q NI NETY TWO THOUSANQ ANb <br />00 / 100 Dollars <br />(U. S. $ 292 , q00 . 00 ) plus interest. Borrower has promised to 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) "Praperty" 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 char�es <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 executed by Borrower, The fpllowing <br />Riders are to be executed by Bort'awer [check box as applicable]: <br />� Adjustable Rate Rider � Condominium Rider 0 Second Home Rider <br />� Balloon Rider 0 Planned Unit Development Rider 0 1-4 Family Rider <br />� VA Rider � Biweekly Payment Rider 0 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 imposed an Borrower or the Property by a condorninium association, homeawners <br />association or similar arganization. <br />(K) "Electronic Funds Transfer" means any transfer of funds, other than a transaction originated by <br />check, draft, or siznilar paper instrument, which is initiatad thraugh an electronic tetrninal, 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 te� includes, but is not limited to, point-of-sale transfers, automated teller <br />machine transactions, traaasfers initiated by telephone, wire transfers, and automated clearinghouse <br />transfers. <br />(I�) "Escrow Items" means those items that are described in Section 3. <br />(M) "Miscellaneous Proceeds" means any comper�sation, settlernent, avvard of damages, ar proceeds paid <br />by any third party (other than insurance proceeds paid under the coverages described in Sectipn 5) £or: (i) <br />damage to, or destruction of, the Property; (ii) condemnation or other taking 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 T.ender against the nonpayment of, or default on, <br />the Loan. <br />� 230943 <br />NEBRASKA - Single Family - Fannie M aelFreddie M ac UNIFQRM INSTRUM ENT <br />�-6(NE�(os��) Page2of15 �nitia�s: � Form 3028 7/01 <br />� <br />
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