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� 201103�� (C) "Lender" is FIRST STATE BANK Lender is a CORPORATION organized and existing under the laws of THE STATE OF NEBRASKA Lender's address is 119 C STREET, P O BOX 639, SHELTON, NE 68876 (D) "Trustee" is CENTRAL NATIONAL BANK — (E) "MERS" is Mortgage Electronic Registration 5ystems, Inc. MERS is a separate corporation that is acting solely as a nominee for Lender and Lender's successors and assigns. MERS is the beneficiary under this Security Instrument. MERS is organized and eausting under the laws of Delaware, and has an __ address and telephone number of P.O. Box 2026, Flint, MI 48501-2026, tel. (888) 679-MERS. -- (� "Note" means the promissory note signed by Borrower and dated 0419-2011 . The Note states that Borrower owes Lender ONE HUNDRED TWENIY FIVE THOUSAND AND NO/100 Dollars (U.S. $ 125,000.00 ) plus interest. Borrower has promised to pay this debt in regular Periodic Payments and to pay the debt in full not later than 05-01-2041 . � (G) "Property" means the property that is described below under the heading "Transfer of Rights in the Property." (� "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 Instrument, plus interest. =� (n "Riders" means all Riders to this Security Instnunent thaC aze executed by Bonower. The following — Riders are to be executed by Borrower [check box as applicable]: � Adjustable Rate Rider 0 Condominium Rider � Se�ond Home Rider � � Balloon Rider 0 Planne.cl Unit Development Rider 0 1-4 Family Rider -= 0 VA Rider � Biweekly Payment Rider � Other(s) [specify] J � (� "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. (K} "Community Association Dues, Fces, and Assessments" means all dnes, fees, assessments and other charges that are imposed on Borrower or the Property by a condominium association, homeowners association or similar organization. (L) "Electronic Funds 1'ransfer" means any transfer of funds, other than a transaction originated by check, draft, or similar paper instnunent, 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 1'vnited to, point-of-sale transfers, automated teller machine transactions, transfers initiated by telephone, wire transfers, and automated clearinghouse transfers. (M) "Escrow Items" means those items that aze described in 5ection 3. (1� "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 all or any part of the Property; (iii) conveyance in lieu of condemnation; or (iv) misrepresentations of, or omissions as ta, the value andlor condition of the Property. (0) "Mortgage Insurance" means insurance protecting Lender against the nonpayment of, or default on, the Loan. V02011.1 NEBRASKA - Single Family - Fannie Mae/Freddie Mac UNIFORM IPISTRUMENT � �-6AINE) iosio� Page 2 of 15 i n�eis: '--d�orm 1l01 C�