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2oilool9� <br />(C) "Lender"is EQUITABLE BANK <br />Lender is a Savi ng5 Bank <br />organized and existing under the laws of T H� S TAl� E 0 F N E B RA S KA <br />Lender's addresa is 113-115 N LOCUST ST PO BOX 160 GRAND ISLAND NE 68$02-0160 <br />Lender is the beneficiary under this Security Instrument. <br />(D) "Trastec"is EQUITABLE BANK <br />(E) "Note" means the promissory note signed by Borrower and dated J d rl u a ry 03 , 2 011 . <br />The Note states that Borrower owe� Lender SEVEN7Y ONE THQl15AND AND 00/100 <br />Dollars <br />(U.S. $ 71 , 000 . 00 ) plus interest. Borrower has promised to pay this debt in regular Periodic <br />Payments and to pay the debt in full not later than F e b r u a r y 1, 2 0 2 6 . <br />(F) "Property" means the property that is described below under the heading "Transfer of Rights in the <br />Property." <br />(G) "Loan" means the debt evidenced by the Note, plus interest, any prepayment charges and late charges <br />due under the Nate, and all sums due under this Security Instruxnent, plus interest. <br />(H) "Riders" means all Riders to this Security Instrument that are executed by Horrower. The following <br />Riders are to be executed by Borrower [check box as applicable]: <br />0 Adjustable Rate Rider [� Condominium Rider � Second Home Rider <br />0 Balloon Rider � Planned Unit Develapment Rider 0 1-4 Family Rider <br />0 VA Rider 0 Biweekly Fayment Rider � Other(s) [specify] <br />(I) "Applicable Law" means all controlling applicable federal, state and local staiutes, r�gulations, <br />ordinances and administrative rules and orders (that have the effect of law) ati well as all applicable fmal, <br />non-appealable judicial opinion5. <br />(J) "Cotnrnunity Association Dues, Fees, and Assessments" means all dues, fees, assessments and other <br />charges that are unposed on Barrower or the Property by a condominium association, homeowners <br />association or similar organization. <br />(K) "Electronic Funds Transfer" means any transfer of funds, other than a transaction originated by <br />check, draft, or similar paper instrument, which is initiated through an e1ectronic terminal, telephonic <br />instrument, computer, or magnetic tape so as to vrder, instruct, or authorize a financial institution to debiC <br />or credit an account. Such term includes, but is not limited to, paint-of-sale transfers, autoz�aated teller <br />machine transactions, transfers initiated by telephone, wire transfers, and automated clearinghouse <br />transfers. <br />(L) "Escrow Items" m�ans those items that are described in Section 3. <br />(M) "Miscellaneous Proceeds" means any compensation, settlement, award af damages, or proceeds paid <br />by any third party (ather than insurance praceeds paid under the coverages described in Section 5) for: (i) <br />danriaga to, or destruction of, the Property; (ii) condemnation or other taking of all or any parC of the <br />Froperty; (iii) conveyance in lieu of condemnation; or (iv) misrepresentations of, or omissions as to, the <br />value and/or cnndition of the Property. <br />(N) "Mort�age Insurance" means insurance protecting Lender against the nonpaym�nt of, or default on, <br />the Loan. <br />r 231034 <br />NEBRASKA - Single Family - Fannie MaelFreddie Mac UNIFORM INS7RUMENT <br />�-6(NE) �oeii� Page2 of 15 i��r�ai5: Form 3U28 1101 <br />� <br />�L�' <br />