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201103422
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201103422
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Last modified
5/4/2011 4:34:09 PM
Creation date
5/4/2011 4:34:08 PM
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DEEDS
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201103422
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2011034 <br />(C) "Lender"is EQUITABLE BANK <br />Lender is a SaVi ngs Bank <br />organized and existing under the laws of THE STATE OF NEBRASKA <br />Lender's address is 113-115 N LOCUST ST PO BOX 160 GRAND ISLAND NE 68802-0160 <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 da.ted Ap r i 1 29 , 2011 . <br />The Note states that Borrower owes Lender 0 N E H U N D RE D E I GH T E E N TH 0 U SAN D FO U R <br />HUNDRED AND 00/100 Dollazs <br />(U. S. $ 118 , 400 . 00 ) plus interest. Bonower has promised to pay this debt in regular Periodic <br />Payments and to pay the debt in full not later than June 1, 2041 . <br />(� "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 Note, and all sums due under this Security Instrument, plus interest. <br />(� "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 applicable]: <br />0 Adjustable Rate Rider � Condominium Rider 0 Second Home Rider <br />� Balloon Rider 0 Planned Unit Development Rider � 1-4 Family Rider <br />0 VA Rider 0 Biweekly Payment Rider 0 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 />(� "Community Association Dues, Fees, and Assessments" means all dues, fees, assessments and other <br />charges that are iinposed on Bonower or the Property by a condominium association, homeowners <br />association or similar organization. <br />(I� "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 iransactions, transfers initiated by telephone, wire transfers, and automated clearinghouse <br />transfers. <br />(L) "Escrow Items" means those items that are described in Section 3. <br />(1Vn "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; (ui) conveyance in lieu of condemnation; or (iv) misrepresentations of, or omissions as to, the <br />value and/or condition of the Properiy. <br />(1� "Mortgage Insurance" means insurance protecting Lender against the nonpayment of, or default on, <br />the Loan. <br />231093 <br />NEBRASKA - Single Family - Fannie M ae/Freddie M ac UNIFORM INSTRUM ENT <br />�-6(NE) (oe1�) Page2 of 15 Initia�s:�� � Form 3028 1/01 <br />� <br />
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