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2oiao944� (C) "Lender" is EQUITABLE BANK Lender is a Savi ngs Bank organized and existing under the laws of T H E S TA T E p F N E B RA S KA Lender's address is 113 N LOCUST ST PO BQX 160 GRAND ISLAND NE 68802 Lender is the beneficiary under this Security Instnunent. (D) "Trustee"is EQUITAB�.E BANK (E) "Note" means the promissory note signed by Borrower and dated D�Cember' 13 , 2010 . 'I'he Note states that Borrower owes Lender 0 N E H U N D R E Q S E V E N T Y F I V E T H Q U 5 A N D A N D D 0/ 10 0 Dollars (U. S. $ 17 5, OOb . 00 ) plus interest. Borrower has promised to pay this debt in regular Periodic Payments and to pay the debt in full not later than J d n u a I^y 1, 2 041 . (F) "Property" means the property that is described below under the heading "Transfer p£ Rights in the Property. �� (G) "Loan" means the debt evidenced by the Note, plus interest, any prepayment charges and late charges due under the Note, and all sums due under this Security Instrument, plus interest. (FI) "Riders" means all Riders to this Security Instrument that are executed by Borrvwer. The following Riders are to be executed by Borrower [check box as applicable): [� Adjustable Rate Rider � Condominium Rider 0 Secand Home Rider C] 'Balloon Rider � Planned Unit Development Rider [] l-4 Family Rider � VA Rider 0 Biweekly Payment Rider [� Other(s) [specify] (I) "Applicable Law" means all contralling applicable federal, state and local statutes, regulations, ordinances and administrative rules and orders (that have the effect of law) as well as all applicable fmal, non-appealable judicial opinions. (J) "Community Association Dues, Fees, and Assessments" means al] dues, fees, assessments and other charges that are irnposed on Borrower or the Property by a condominiurn association, homeowners association or similar organization. (K) "Electronic Funds Transfer" means any transfer of funds, other than a transaction ori�inated by check, draft, or similar paper instrument, which is initiated through an electronic tez�minal, telephonic instrument, computer, or magnetic tape so as to order, instruct, or authorize a financial institution to debit or credit an account. Such term includes, but is not lirnited to, point-of-sale transfers, automated teller machine transactions, transfers initiated by telephone, wire transfers, and automated clearinghouse transfers. (L) "Escrow Items" meaais those items that are descrzbed in Section 3. (11'� 'T'Iiscellaneous Proceeds" rneans any compensation, sattlement, 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 ta, or destruction of, the Froperiy; (ii) candemnation or other taking of all or any part of the Froperty; (iii) conveyance in lieu of condemnation; or (iv) misrepresentations of, or omissions as to, the value az�d/or condition of the Property. (N) 'ZVlortgage Insurance" means insurance protecting Lender against the nonpayment of, or default on, the Loan. 23Q999 NEBRASKA - Single Family - Fannie M aelFreddle M ac UNIFQRM INS7RUM ENT �-6�N�) (0811) Page2 of 15 Initials: � Form 3�28 1/01 e �