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201100230 (C)"Lender"is EQUITABLE BANK Lender is a Sdvi ngs Bank organized and existing under the laws of TH E STAT E 0 F N E B RA S KA Lender's address is 113 N LOCUST ST PD BOX 160 GRAND ISLAND NE 68802 Lender is the beneficiary under this Security Instrument. (D) "Trustee"is EQUITABLE BANK (E) "Note" means the promissory note signed by Borrower and dated J a n u� I^y 10 , 2 011 . The Note states that Borrower owea Lender FDRTY THREE THOUSAND AND 00/100 Dollars (U.S. $ 43 , 000 . 00 ) plus interest. Borrower has pramised to pay this debt in regular Yeriodic Payments and to pay the debt in full nat later than F e b r u a r y 1, 2 0 2 6 . (�') "Property" means the property that is described below under the heading "Transfer of Rights in the Property. " (G) '7,oan" means the debt evidenced by the Note, plus interest, any prepayment charges and late charges due under the Note, and all sums due under thi5 Security Instrument, plus interest. (H) "Riders" means all Riders to this Security Instrument that are executed by Borrower. Th� f'ollowing Riders are to be executed by Borrower [check box a� applieable]: � Adjustable Rate Rider 0 Condominium Rider 0 Second Home Rider � Balloon Rider 0 Planned Unit Development Rider [X� 1-4 Family Rider 0 VA Rider � Biweekly Fayment Rider 0 Other(s) [specify] (1) "Applicable Law" means all controlling applicable federal, state and local statutes, regulations, ordinances and adzninistrative rules and orders (that have the effect of law) as well as a11 applicable final, non-appealable judicia] opinions. (,n "Community Association Dues, Fees, and Assessrnents" means all dues, fees, assessments and other char�as that are imposed on Borrower or the Property by a condominium association, homeowners association or similar organization. (K) '�leccronic Funds 7'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, 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 ta, point-of-sale transfers, automated teller machine trar�sactions, transfers initiated by telephone, wire transfers, and autamated clearinghouse transfers. (L) "Escrow items" means those items that are described in Section 3. (Nn 'ZVIiscellaneous Proceeds" means any compensation, settlement, award of damages, or proceeds paid by any third party (other than insurance proceeds paid under the coverages described in Section S) for: (i) damage to, or destruction of, the Property; (ii) condemnation or other taking of all or any part o£ the Property; (iii) conveyance in lieu of condemnation; or (iv) misrepresentations of, or oznissions as to, the value and/or conditian of the Property. (N) 'ZVIortgage Insurance" means insurance protecting Lender against the nonpayment of, or defauit on, the Loan. z37o4z NEBRASKA - Single Family - Fannie Mae/Freddie Mac UNIFORM INSTRUMENT �/ �^B�N�) (0811) Page2 0( 15 in�tiais� 1(, �� Form 3028 1l01 �