201100098 - Laserfiche WebLink

Browse

2011Q00�� (C)'7,ender"is EQUITABLE BANK Lender is a Savi ngs Bank organized and existing under the ]aws of T H E 5 TAT E 0 F N E B RA S KA I.,ender's addreas is 1].3-115 N LOCUST ST PO BOX 160 GRAND ISLAND NE 68802-0160 Lender is the beneficiary under this Security Instrument. (D)'Trustee"is EQUITABLE BANK (E) "Note" means the promisspry note signed by Borrower and dated D�Cembel^ 29 . 2Q10 . The Note states that Borrower owes Lender E I G H T Y T H D U S A N D A N D D �/ 10 0 Dollars (U. S. � 80 , 000 . 00 ) plus interest. Borrower has prvmised to pay this debt in regular Periodic Payments and to pay the debt in full not later than F e b r u a r y 1, 2 0 2 6 . (F) "Property" means the property that is described below under the heading "Transfer of Rights in the Property. " (G) "Loan" means the debt avidenced by the Note, plus interest, any prepayment charges and late chargea due under the Note, and all sums due under this Security Instrument, plus interest. (H) "Riiders" 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 0 Condominium Rider � Second Home Rider � Balloon Rider � Planned Unit Development Rider �]-4 Farnily Rider � VA Rider � Biweekly Payment Rider � Uther(s) [specify] (I) "Applicable La��" means all controlling applicable federal, state and 1oca1 statutes, re�ulations, ardinances and adrninistrative rules and orders (that have the effect of law) as we11 as all applicable �nal, non-appealable _judicial opinions. (J) "Community Association Dues, Fees, and Assessments" means all dues, fees, assessrnents and other charges that are imposed on Borrower or the Property by a condominium association, homeowners association or similar arganization. (K) "Electronic Funds Transfer" means any transfer of funds, other than a transaction originated by check, draft, or sirnilar paper instrument, which is initiated through an electronic terminal, telephonic inst� computer, or magnetic tape sa as to order, instruct, or authorize a financial institution to debit or credit ara accaunt. 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 tkaan 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 condernnation; or (iv) misrepresentations of or omissions as to, the value and/or condition of the Praperty. (N) "Mortgage Insurance" means insurance protecting Lender against the nonpayment of, or default on, the Loan. 231029 NEBRASKA - Single Family - Fannie Mae/Freddie Mac LINIFORM INSTRUMENT �-6(N�) (0811) Page2 of 15 Initials:�� Form 3028 1/01 �