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20110401f - �� 2p�.104287 (C)'Z.ender"is EQUITABLE BANK Lender is a Savi ngs Bank organized and existing under the laws of T H E S TAT E 0 F N E B RAS 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 Mdy 27 , 2011 . The Note states that Borrower owes Lender EIGHTY THOUSAND SEVEN HUNDRED FI FTY AND 00/100 Dollars (U. S. $ 80 . 750 . 00 ) plus interest. Borrower has promised to pay this debt in regular Periodic Payments and to pay the debt in full not later than June 1, 2041 . (� "Property" means the property that is described below under the heading "Transfer of Rights in the Property." (G) 'Zoan" 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. (� "Riders" means all Riders to this Security Instrument that are executed by Borrower. The following Riders are to be executed by Bonower [check box as applicable]: � Adjustable Rate Rider 0 Condominium Rider 0 Second Home Rider � Balloon Rider � Planned Uzut Development Rider � 1-4 Family Rider [] VA Rider 0 Biweekly Payment Rider � Other(s) [specify] (n "Applicable Law" mea.ns 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 �na1, non-appealable judicial opinions. (� "Community Association Dues, Fees, and Assessments" means a11 dues, fees, assessments and other charges that are imposed on Borrower or the Properiy by a condominium association, homeowners association or similar organization. (I� '�lectronic Funds Transfer" means any tra.nsfer 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 linnited to, point-o£ sale transfers, automated teller machine iransactions, transfars initiated by telephone, wire transfers, and automated clearinghouse transfers. (L) "Escrow Items" means those items that are described in Section 3. (Nn "Miscellaneous Proceeds" means any compensation, settlement, award of damages, or proceeds paid by any third pariy (other than insurance proceeds paid undex 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 Properiy; (iu) conveyance in lieu of condemnation; or (iv) misrepresentations of, or omissions as to, the value and/or condition of the Properly. (N) "Mortgage Tnsurance" means insurance protecting Lender against the nonpayment of, or dafault on, the Loan. 231108 NEBRASKA - Singfe Family - Fannie M aelFreddie M ac UNIFORM INSTRUM ENT �-6(I�E) (0811) Page2 of 15 Initials:� F017II 3028 1I01 �