201009801 - Laserfiche WebLink

Browse

2olaossoi (C) "Lender"is EQUITABLE BANK Lender is a S a v i n g s B a n k arganized and existing under the laws of T H E S TAT E Q F N E B RAS KA Lender's address is 113 N LOCUST ST PO BOX 160 GRAND ISLAND NE 6$802 Lender is the bene�ciary under this Security Instrument. (D) "Trnstee"is EQUTTABLE BANK (E)'Tlote" means the promissory note signed by Borrower and dated DeCember^ 23 , 2010 The Note states that Borrower owes Lender N I N E T Y T H 0 U S A N Q A N D 0 0/ 1 Q Q Dollars (U.S. $ 90 , 000 . DO ) plus interest. Sorrower has promised to pay this deht in regular Peniodic Payments and to pay the debt in full not later than J d rl u d t'y 1, 2 0 2 6 . (F) "Praperty" means the property that is described below under the headin� "Transf'er of Rights in the Property. " (G) "Laan" means the debt evidenced 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 Borrqwer [check box as applicable]: 0 Adjustable Rate Rider � Condominium Rider � Second Home Rider 0 Balloan Rider 0 Planned Unit Development Rider � 1-4 Family Rider [� VA Rider 0 Biweekly Payment Rider � Other(s) [specify] (I) "Applicable Law" zxieans all controlling applicable federal, state and local statutes, regulations, ordinazaces and administrative rules and orders (that have the effect of law) as we11 as all applicable final, non-appealable judicial opinions. (,�) "Community Association Dues, Fees, and Assessments" means all dues, fees, assessments and other charges that are imposed on Borrower or the Property by a condominium association, hnmeowners association or similar organization. (K) '�lectronic Funds '1'ransfer" means any transfer of funds, other than a transaction originated by check, draft, or similar paper instrument, which is initiated through an electronic terminal, telephonic instrument, carnputer, 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 5ection 3. (M) 'ZVliscellaneous Proceeds" means aiay compensatian, 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) condemnation or other taking of all or any part of the Property; (iii) conveyance in lieu of condemnati�n; or (iv) misrepresentations of, or omissions as to, the value and/or condition of the Property. (N) "Mortgage Insurance" means insurance protecting Lender against the nonpayment of, or default on, the Loan. 231Q18 N�BRASKA - Single Family - Fannie M aelFreddie M ac UNIFORM INSTRUM ENT � �.. �-s(N (0811) Paga2 of 15 Initials: � Form 3028 1/01 � �