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201104011 (C)'Z.ender"is EQUITABLE BANK Lender is a Savi ngs Bdnk organized and existing under the laws of TH E S TAT E 0 F N E B RA S KA . Lender's address is 113-115 N LOCUST ST PO BOX 160 GRAND ISLAND NE 68802-0160 Lender is the beneficiary under this Security Instrument. (D)'�Trustee"is EQUITABLE BANK (E) "Note" means the promissory note signed by Borrower and dated May 27 , 2011 . The Note states that Borrower owes Lender EIGHTY THOUSAND SEVEN HUNDRED FI FTY AND QO/100 Dollars (U. S. $ 80 , 7 5 0. 0 0 ) plus interest. Borrower has promised to pay this debt in regular Periodic Payments and to pay the debt in full not later than J une 1, 2041 . (F') 'Troperty" means the property that is described below under the heading "Transfer of Rights in the Property. " (G) 'Z,oan" means the debt evidenced by the Nota, plus interest, any prepayment charges and late charges dua under tha Note, and all sums due under this Security Instrument, plus interest. (� 'Riders" mea.ns all Riders to this Security Instrument that are executed by Borrower. The following Riders are to be executed by Borrower [check box as applicable]: 0 Adjustable Rate Rider 0 Condominium Rider 0 Second Home Rider 0 Balloon Rider [� Planned Unit Development Rider � 1-4 Family Rider �] VA Rider [] Biweekly Payment Rider � Other(s) [specify] (n "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 aze imposed on Borrower or the Property by a condominium association, homeowners association or sinnilar organization. (I� "Electronic Funds Transfer" means a.ny 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 to, point-of-sale transfers, antomated teller machine transactions, transfers initiated by telephone, wire transfers, aud automated clearinghouse transfers. (L) "Escrow Items" means those items that aze described in Section 3. (Nn "Miseellaneous Proceeds" means any compensation, settlement, award of damages, or proceeds paid by any third pariy (other than insurance proceeds paid under the coverages described in Section 5) for: (i) da.mage to, or destruction of, the Property; (ii) condemnation or other taking of all or any part of the Property; (iu) conveyance in lieu of condemnation; or (iv) misrepresentations of, or omissions as to, the value and/or condition of the Proper[y. (N) "Mortgage Insurance" means insurance protecting Lender against the nonpayment of, or default on, the Loan. 231108 IVEBRASKA - Single Family - Fannie Mas/Freddie Nlac UNIFORM INSTRUMENT �-6(NE) �oet�� Page2 of 15 Initials:� Form 3028 1101 �