201009153 - Laserfiche WebLink

Browse

2oioo9i5� (C) "Lender"is EQUITABLE BANK Lender is a Savi ngs Bank organized and existing under the laws of T H E $ TAT E 0 F N E B RA S KA Lender'saddressis 113 N LOCIIST S7 PO BOX 160 GRANQ ISLAND NE 68802 Lender is the beneficiary under this Security Instrument. (D)'"Trustee"is EQUITABLE BANK (E) "Note" means the promissory note signed by Borrower and dated N o V 2 m b e 1' 3 0, 2 010 . The Note states that Borrower owes Lender TWO HUNDRED TWENTY FOUR THOUSAND AND 0 0/ 1 D n Dollars (U.S. $ 22A , 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 S e p t e m b e r 1, 2 0 3 8 . (F) "Property" means the property that is described below under the heading "Transfer of Rights in the Property. " (G) "Loan" means the debt evidencad by the Note, plus interest, any prepayrnent 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 following Riders are to be executed by Borrower [check box as applicable]: [..� Adjustable Rate Rider � Condominium Rider 0 Second Home Rider 0 Balloon Rider � Plaxuied Unit Development Rider ❑ 1-4 Family Rider 0 VA Rider [] Biweekly Payment Rider � �ther(s) [specify] (n "Applicable Law" means all controlling applicable federal, state and lpcal 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 "Commun'rty Association Dues, Fees, and Assessments" means all dues, fees, assessments and other charges that are imposed on Borrower or the Property by a condaminium association, homeowners association or similar organizatian. (K) "Electronic Funds Transfer" means any transfer of funds, other than a transaction originated by check, draft, or similar paper instrument, which is initiated through an electronic teznainal tel0phpnic instruxnent, computer, or magnetic tape so as to order, instruct, or authorize a fmancial institution to debit or credit an account. Such term includes, but is not lixnited tp, point-of-sale transfers, automated teller machine transactions, transfers initiated by telephone, wire transfers, and automated clearinghouse transfers. (L) "Escrow Items" means those itexias that az'e described in Section 3. (Nn "Miscellaneous Proceeds" means any compensation, settlement, award of damages, or proceeds paid by any third party (other than insurance proceeds paid under the coverages described in Section 5) fpr: (i) damage to, ar destxuction of, the Property; (ii) condemnation pr other taking of all or any part of the Property; (iii) conveyance in lieu of condemnation; or (iv) misrepresentations of, or onnissions as ta, the value andJor condition of the Property. (N) "Martgage Insurance" means insurance protecting Lender against the nonpayment of, or default on, the Laan. 230985 NEBRASKA - Single Family - Fannie M aa/Freddie M ac UNIFORM INSTRUM EN7 d^', �-B�NE) (0$11) Page2 of 95 inici "s: , �,/�"F`6rm 3028 1/01 �