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201048569 (C) "Lender"is EQUI7ABLE BANK Lender is a Savi ngs Bdnk organized and existing under the laws of TH E STAT E 0 F N E 6 RAS KA Lender'saddressis 113 N LOCUST ST PO BDX 160 GRAND ISLAND NE 6$$D2 Lender is the beneficiary under this Security lnstrument. (D)'"Trustee"is EQIJITABLE BANK (E) "Note" means the promissory note signed by Borrower and dated N o v emb e r' 15 , 2 O 10 . The Note states that Borrower owes Lender F 0 RT Y 7 H Q U S A N D A N D 0 0/ 10 0 Dollars (U. S. $ 40 , 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 December 1, 2030 . (F) "Property" means the property that is described below under the heading "'I'ransfer of Rights in the Property. " (G) "Loan" means the debt evidenced by the Note, plu5 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 Borrower. The fallowing Riders are to be executed by Borrower [check box as applicable]: � Adjustable Rate Rider � Condominium Rider � Second Home Rider � 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 1oca1 statutes, re�ulations, ordinances and administrative rules and orders (that have the effect of law) as well as all applicable final, non-appealable judicial opinions. (,� "Community Association Dues, Fees, and Assesstnents" means all dues, fees, assessments and other charges that are imposed on Borrower or the Property by a condominium assnciation, homeownears association or similar organization. (K) "Electronic Funds Transfer" means any transfar of funds, other than a transaction originated by check, draft, or sixnilar paper instnunent, which is initiated through an electr�nic terminal, telephonic instrument, computer, or magnetic tape so as to order, instruct, or authorize a fir�ancial institution to debit or credit an account. Such term includes, but is not limited to, point-of-sale transfers, automated teller machine transactions, transfers initiated by telephone, wire transfers, and automated clearinghouse transfers. (L) "Eserow Items" means those items that are described in 5ection 3. (M) "Miseellaneous Proceeds" means any compensation, settlement, award of damages, or proceeds paid by any third pariy (other than insurance proceeds paid under the coverages described in Section 5) for: (i) damage to, or destruction of, the Property; (ii) condemnatian or other taking of all ar any part of the Property; (iii) conveyaxace in lieu of condemnation; or (iv) misrepresentations of, or omissions as to, the value and/or condition of the Paroperty. (N) "Mortgage Insurance" means insurance protecting Lender against the nonpayment of, or default on, the Loan. F�c��i:�� NEBRA5KA - Single Family - Fannis MaelFreddie Mac UNIFORM INSTRUMENT �-6(NE) (oett) Page2 of 15 iniciei�� Form 3028 1101 �