201100187 - Laserfiche WebLink

Browse

201100�8�1 (C) "Lender"is EQUITABLE BANK Lender is a Sdvi ngs Bank organized and existing under the laws of T H E STAT E 0 F N E B RA S KA Lender'saddressis 113-115 N LbCU5T S7 PO BQX 160 GRAND ISLANb NE 68802-0160 Lender in the beneficiary under this Securicy Instrument. (D)'"I'rustee"is EQUITABLE BANK (E) "Nate" means the promissory note signed by Borrower and dated J a n u a r'y 03 , 2011 . The Note states that Borrower owes Lender S E V E N T Y S I X T H O lJ 5 A N D A N Q Q 0/ 10 0 Dollars (U.5. $ 7 6, 000 . 00 ) plus anterest. Borrower has promised to pay this debt in regular Periodic P ayrnents and to pay the debt in full not later than F e b r' u d r' y 1, 2 0 2 6 . (F) 'Tropert,y" means the property that is d�scribed below under the heading "Transfer of Rights in the Property. " (G) "Loan" means the debt evidenced by the Note, plus interest, any prepayment charges and late chargea due under the Note, and all sum:; due under fhis 5ecurity Instrument, p1u5 interest. (H) "Riders" means all Riders to this Security Instrument thal are executed by 13orrower. The following �iders are to be executed by Borrower [check box as applicable]: 0 Adjustable Rate Rider ❑ Condominium Rider � Second Home Rider ❑ Balloon Rider � Planned Unit Development Rider 0 1-4 Family Rider [� VA Rider 0 Biweekly Payment Rider 0 Other(s) [specify] (T) "Applicable Law" means a11 controlling applicable federal, state and local statutes, regulations, ordinances and administrative rules and orders (that have the effect of law) as well as a11 applicable final, non-appealable judicial opinions. (J) "Cammunity Association Dues, Fees, and Assessments" means all dues, fees, assessrnents and other charges that are irnposed on Borrower or the Property by a condominium association, homeowners association or similar organization. (I� '�lectronic Funds Transfer" means any transfer of funds, otk�er than a transaction originated by check, draft, or similar paper instrument, which is initiated through an electronic terminal, telephonic instrument, computer, or magnetic tape so as to arder, 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 t�ller 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, settlennent, award of damages, or proceeds paid by any third party (other than insurance prpceeds paid under the coverages described in Sectipn 5) for: (i} damage to, or destruction of, the Property; (ii) condernnation or other taking of all or any part of the Property; (iii) conveyance in lieu of condemnation; or (iv) misrepresentations of, or omissions as to, the value and/or condition. of the Property. (N) 'ZVlortgage Insurance" means insurance protecting Lender against the nonpayment of, or default on, the Loan. 231030 NEBRASKA - Single Family - Fannie Mae/Freddie Mac UNIFORM INSTRUMENT �-6(NE) �oeii� Page2 of 15 Initials Form 3028 1101 m � �