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2oioo9i�� <br />(C) "Y.,ender"is EQUITABLE BANK <br />Lender is a SaV� ngs Bank <br />organized and existing under the laws of TH E STAT E 0 F N E B RAS KA <br />Lender's address is 113 N LOCUST ST PO BOX 1fi0 GRAND ISLAND NE 688Q2 <br />Lender is the beneficiary under this Security Instrument. <br />(D) "Trustee"is EQl1ITABLE BANK <br />(E) "Note" means the promassory note signed by Borrower and dated DeCember' 03 , 2010 . <br />The Note states that Borrower owes Lender N I N E T Y T H R E E T H 0 U S A N D A N D 0 0/ 1 p p <br />Dollars <br />(U. S. $ 93 , 000 . 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 J a n u d t'y 1, 2 0 21 . <br />(F) "Property" means the property that is described below under the heading "Transfer of Rights in the <br />Property. " <br />(G) "Laan" meazts the debt evidenced by the Note, plus interest, any prepayment charges and late charges <br />due under the Note, and all sums due under this Security Instrument, plus interest. <br />(H) "Riders" means a11 Riders to this 5ecurity Instrument that are executed by Borrower. The following <br />Riders are to be executed by Borrower [check box as applicable]: <br />0 Adjuscable Rate Rider 0 Condominiurn Rider 0 Second Home Rider <br />0 Balloon Rider [] Planned LTnit Development Rider [� 1-4 Family Rider <br />� VA Rider 0 Biweekly Payment Rider [� Other(s) [specify] <br />(i) "Applicable L$w" means all controlling applicable federal, state and local statut�s, regulations, <br />ordinances and administrative rules and orders (that have the effect of law) as well as all applicable final, <br />non-appealable judicial apinions. <br />(J) "Community Association Dues, Fees, and Assessments" means all dues, fees, assessments and other <br />charges thac are imposed on Borrower ar the Property by a condominiurn association, homeowners <br />association or similar organization. <br />(K) "Electronic Funds Transfer" means any transfer of funds, other than a transaction originated by <br />check, draft, or sunilar paper instrument, which is initiated through an electronic terminal, telephonic <br />instrument, computer, or magnetic tape so as to order, instruct, or authorize a�nancial institution to debit <br />or credit an account. Such term includes, but is not limited to, point-of-sale transfers, automated teller <br />machine transactions, transfers initiated by telephone, wire transfers, and automated clearinghouse <br />transfers. <br />(L) "E,scrow Items" means those items that are described in Section 3. <br />(M) "Miscel�aneous Proceeds" means any compensation, settlement, award of damages, or proceeds paid <br />by any third pariy (other than insurance proceeds paid under the coverages described in Section S) for; (i) <br />damage to, or destruction af, the Property; (ii) condemnatioan ar ather taking of all or any part of the <br />Property; (iii) conveyance in lieu of condemnation; or (iv) misrapresentations of, or omissions as to, the <br />value and/or condition of the Property. <br />(N) 'ZVIortgage Insurance" means iz�surance protecting Lender against the nonpayment of, or default on, <br />the Loan. <br />230991 <br />NE8RA5KA - Single Family - Fannie MaelFreddie Mac UNIFORM IN5TRUMENT <br />�-6�NE) �oe��> Pege2 of 15 Initials: �. �..Form 3028 1/01 <br />� <br />