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201U09596 (C) "Lender" is EQUITABLE BANK Lender is a Savi ngs Bank organized and existing under the laws of THE STATE OF NEBRASKA Lender'saddressis 113-115 N LpCUST ST PO BOX 160 GRAND ISLAN� NE 68802-0160 Lender is the bene�ciary under this Security Instrument. (D) "Trustee" is EQUITABL� BANK (E) "Note" means the promissory note signed by Borrower and dated D e C e m b e r 16 , 2 010 . The Note states that Borrower owes Lender SIXTY SIX THOUSANQ FOUR HUNDRED ANq 00 / lOD Dollars (U.S. $ 66 , 400 . 00 ) plus interest. Borrower has promised to pay this debt in regular Yeriodic Payments and to pay the debt in full not later than J a n u� r y 1, 2 0 41 . (� "Property" means the property that is described below under the heading "Transfer of Rights in the Praperty." (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. (I� "Riders" means all Riders to this Security Instrurnent that are executed by Borrower. The following Riders are to be executed by Borrower [check box as applicable]: ❑ Adjustable Rate Rider � Condorniniurn Rider 0 Second Hom� Rider � Balloon Rider � Planned Unit Development Rider ❑ 1-4 Family Rider 0 VA Rider ❑ Biweekly 1'ayment Rider 0 Other(s) [specify] (I) "Applicable Law" rneans all controlling applicable federal, state and local statutes, regulations, ordinances and adnninistrative rules and orders (that have the eftect of law) as well as all applicahle tinal, non-appealable judicial opinions. (J) "Community Association Dues, Fees, and Assessments" rneans all dues, fees, assessmc.ats and other charges that are irnposed on Borrower or the Property by a condominium association, homeowners association or similar organization. (K) "Electronic Ftinds Transfer" means any transfer of funds, other than a transaction originated by check, draft, or similar paper instrurnent, which is initiated through an electronic terminal, 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 limited to, point-of-sale transfers, automated teller machine transactions, transfers initiated by telephone, wire transfers, and automated clearinghouse transfers. (L) "Escrow Items" means those items that are described in Section 3. (M) "Miscellaneous Proceeds" means any compensation, settlement, award of damages, or proceeds paid by any third party (other than insurance proceeds paid under the cov�rages described in Section 5) tor: (i) damage to, or destruction of, the Property; (ii) condemnation or other taking of all or any part of the Froperty; (iii) conveyance in lieu of cond�mnation; or (iv) misrepresentations of, or omissions as to, the value and/or condition of the Property. (1� "Mortgage Insurance" means insurance protecting Lender against the nonpayment of, or default on, the Loan. 231004 NEBRASKA - Single Family - Fannie Mae/Freddie Mac UNIFORM INSTRUMENT �� �-61NE) loat t 1 Page 2 0( 15 i��s�ais: ��""form 3028 1 I01 �