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201008191
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Last modified
11/3/2010 4:31:35 PM
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11/3/2010 4:31:34 PM
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DEEDS
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201008191
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2oioosi9� <br />(C) "Lender"is EQUITABLE BANK <br />Lender is a Savi ngs Bank <br />organized and existing under the laws of T H E S TAT E p F N E B RAS KA <br />Lender's address is 113-115 N LOCUST ST PO BOX 160 GRAND ISLAND NE 68802-0160 <br />Lender is the bene�ciary under this Security Instrument. <br />(D)'"Trustee"is EQUITABLE BANK <br />(E) "Note" means the pramissory note signed by Borrower and dated 0 C t o b e r 2 9, 2 O 10 . <br />The Note states that Bo�-rower owes Lender 0 N f H U N D R E D� T FTY T H 0 U SA N D TH R E E <br />NUNDRED ANQ 00/100 Dollars <br />(U. S. $ 150 , 300 . 00 ) plus interest. Borrower has promised to pay this debt in regular Periodic <br />Payments and to pay the debt in full nat later than D e c 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) "Loan" means the debt evidenced by the Note, plus interest, any prepayment charges and late charges <br />dua 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 following <br />Riders are ta be exacuted by Borrower [check box as applicable]: <br />0 Adjustable Rate Rider � Condominium Rider 0 Second Home Rider <br />❑ Balloon Rider � Planned Unit Development Rider 0 l-4 Family Rider <br />0 VA Rider 0 Biweekly Payment Rider 0 Other(s) [specify] <br />(I) "Applicable Law" means all controllin�; applicable federal, state and local statutes, regulaCions, <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 />(,� "Community Association Dues, Fees, and Assessments" means all dues, fees, assessments and other <br />charges that are imposed on Borrower or the Property by a candominium association, homeowners <br />association or similar organization. <br />(K) '�lectronic Funds Trxnsfer" means any transfer of funds, other than a transaction originated by <br />check, draft, or similar paper instrument, which is initiated through an electrpnic terminal, telephonic <br />instrurnent, computer, or magnetic tape sa 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, automaced teller <br />machine transactions, transfers initiated by telephon�, wire transfers, and automated clearinghouse <br />transfers. <br />(L) "Escrow Items" means those items that are described in Section 3. <br />(M) "Miscellaneous Proceeds" means any compensatipn, 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 />damage to, or destruction of, the Property; (ii) condemnatian or other taking of all or any part o£ the <br />Property; (iii) conveyance in lieu of condemnation; ar (iv) misrepresentations of or omissions as to, Che <br />value and/or candition of the Property. <br />(N) "Mortgage Insurance" means insurance protecting Lender against the nonpayment of, or default on, <br />the Loan. <br />10-09-00004$ <br />NEBRASKA - 5ingle Family - Fannie MaelFreddie Mac UNIFORM IN5TRUMEN7 <br />�-6(NE)(oe�i) Pagezot�5 mitiais:��iq Form3D28 11D1 <br />� <br />
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