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201100706
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Last modified
1/28/2011 12:19:14 PM
Creation date
1/28/2011 12:19:13 PM
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DEEDS
Inst Number
201100706
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2olioo�oc <br />(C) "Lender"is EQUITABLE BANK <br />Lender is a Sdvi ngs Bank <br />organized and existing under the laws of T H E S TAT E 0 F N E B RAS KA <br />Lender's address is 113 N LOCUST ST PO BOX 160 GRAND ISLAND NE 68802 <br />Lender is the beneficiary under this Security Instrument. <br />(D) "Trustee"is EQUITABLE BANK <br />(E) "Note" means the promissory note signed by Borrower and dated J a n u d ry 2 6, 2 011 . <br />The Note states that Borrower owes Lender FO U R H U N D R E D S E U E N T E E N T H 0 U S A N D A N D <br />00 / 100 Dollars <br />(U.S. $ 417 , 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, 2 041 . <br />(F) "Property" means the property that is described below under the heading "Transfer of Rights in the <br />Property. " <br />(G) 'Z,oan" means the debt evidenced by the Note, plus interest, any prepayment charges and late charges <br />due under the Note, and all sums due under this Security Insmzment, plus interest. <br />(H) "Riders" means all Riders to this Security Instrument that are executed by Borrower. The following <br />Riders are to be executed by Borrower [check box as applicableJ: <br />� Adjustable Rate Rider � Condominium Rider � Second Home Rider <br />� Balloon Rider � Planned Unit Development Rider ❑ 1-4 Family Rider <br />❑ VA Rider ❑ Biweekly Payment Rider [� Other(s) [specify] <br />(n "Applicable Law" means all controlling applicable federal, state and local statutes, regulations, <br />ordinances and administrative rules and orders (that have the effect of law) as well as all applicable final, <br />non-appealable judicial opinions. <br />(.n "Community Association Dues, Fees, and Assessments" means all dues, fees, assessments and other <br />charges that are imposed on Borrower or the Properly 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 electronic terminal, telephonic <br />instrument, computer, or magnetic tape so as to order, instruct, or authorize a financial institution to debit <br />or credit an account. Such term includes, but is not limited to, point-of-sale transfers, automated teller <br />machine transactions, transfers initiated by telephone, wire transfers, and automated clearinghouse <br />transfers. <br />(L) "Escrow Items" means those items that are described in Secrion 3. <br />(Nn "Miscellaneous Proceeds" means any compensation, settlement, award of damages, or proceeds paid <br />by any third party (other than insurance proceeds paid under the coverages described in Section 5) for: (i) <br />damage to, or destruction of, the Property; (ii) condemnation or other taking of all or any part of the <br />Property; (iii) conveyance in lieu of condemnation; or (iv) misrepresentations of, or omissions as to, the <br />value and/or condition of the Property. _ <br />(N) "Mortgage Insurance" means insurance protecting Lender against the nonpayment of, or default on, <br />the Loan. <br />231051 <br />PIEBRASKA - Single Family - Fannie MaelFreddie Mac UNIFORM INSTRUMENT <br />�-G�NE) (0611) Page2 of 15 �nitia�s: Form 3028 7101 <br />m <br />
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