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201�01�32 (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 RAS KA Lender's address is 113-115 N LOCUST ST PO BOX 160 GRAND ISLAND NE 68$02-0160 Lender is the beneficiary under this Security Instrument. (D) "Trustee"is EQUITABLE BANK (E) "Note" means the promissory note signed by Borrower and dated F e b r u a r' y 0 3, 2 011 . The Note states that Borrower owes Lender F 0 RTY F 0 U R TH 0 U SA N D A N D 0 0/ 10 0 Dollars (U. S. $ 44 , 000 . 00 ) plus interest. Borrower has promised to pay this debt in regular Periodic Payments and to pay the deb� in ,full not later than M a r c h 1, 2 0 2 6 . (F) 'Property" means the prop�rty that is described 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 charges due under the Note, and all sums due under this Security Instruxnent, plus interest. (H) '�2iders" means a11 Riders to this Security Instrument that are executed by Borrower. The following Riders are to be executed by Borrower [check box as applicablej: 0 Adjustable Rate Rider 0 Condominium Rider � Second Home Rider ❑ Balloon Rider ❑ Planned Unit Development Rider ❑ 1-4 Family Rider 0 VA Rider ❑ Biweekly Payment Rider 0 Other(s) [specify] (I) "Applicable Law" means all controlling applicable federal, state and local statutes, regulations, ordinances and administrative rules and orders (that have the effect of law) as well as all applicable final, non-appealable judicial opinions. (.n "Community Association Dues, Fees, and Assessments" means all dues, fees, assessments and other charges that are imposed on Borrower or the Property by a condominium association, homeowners association or similar organization. (I� "Electronic Funds Transfer" means any transfer of funds, other than a transaction originated by check, draft, or sunilar 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 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 than 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 a11 or any part of the Property; (iii} conveyance in lieu of condemnation; ar(iv) misrepresentations of, or omissions as to, the value andlor condition of the Property. (N) '2VIortgage Insurance" means insurance protecting Lender against the nonpayment of, or default on, the Loan. 231060 NEBRASKA - Single Family - Fannie MaelFreddie Mac UNIFORM INSTRUMENT �� �-6(NE) �oa��> Page2 of 15 Initials: Fo�m 3028 1/01 m