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201109302 (C) "Lender" 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 RA S KA Lencler's address is 113-115 N LOCUST ST PO BOX 160 GRANQ ISLAND NE 68$02-0160 Lender is the bene�ciary under tllis Securit�Inst�•ument. (D) "Trustee" is EQUITABLE BANK (E) °N ote'° means the pronussory note signed Uy Borrower and dated D e c e m b e r 0 7, 2 011 , The Note statesthatBorrowerowesLender ONE HUNDRED EIGHTEEN THOUSAND SIX HUNDftED FIFTY AND 00/100 Do11�rs (U.S. $118,650.00 )plus i�lt�rest. Borrower has promised to pay this deUt in i•egular Poriodic Payments�and to�aay the debt in£iill no�later t11�n J a n u a ry 1, 2 0 2 7 . (F) "Property" meails the property that is descriUed below under the heacling "Transfer of Rigl�ts in the Properly." (G) "Loan" means the debt evidenced Uy the Note, plus interest, 1ny prepayinent charges ancl late charges due t�nder the Note, and a11 su�i�s due undar t11is Seourity Instruinent, plus interesti. (H) "Riders" me�ns all Riclers to this Security Instrument th�t are execLtted by Borrower. The followiiig Riders are to ve executed by Borrower [cllecic box 1s appliclUle]: ❑Adjtistable Rate Rider 0 Condominium Rider ❑ Second Home Rider �Balloon I2icler ❑P1ai�led Unit Develo�ment Rider ❑ 1-4 F�mily Rider ❑VA Rider �Biweelcly P�tynlent Rider ❑ Other(s}[specify] (I) "Applicable Law" me�ns all controlliug appliclUle federal, state aild local statutes, regul�tions, ordinances ancl ac1lninistrative rLiles and orclers(that have�he ef�'ect of law) as well as all applic�ble�nal, non-appealable juclicial opinions. (J) "Community Association Dues, Fees, and Asse�sments" mea�ls all dues, fees, assessments ancl other chai•ges that are imposed on Borrower or the Property by a condominiuin association, homeowi�ers association or si�nilal•organizatian. (K) "Electronic Funds Transfer" means any trailsfei•of fiinds, other th�n a transaction originated by checic, �draft, or sitl�il�•pa�per iizstitiiment, wl�ich is initiated tlirougli an electronic tennul�l, tele�hoiuc instrtulient, com�uter, ox magnetic tape so as to order, instruct, or authorize a�inancial institution to debit or credit an account, Such term includes, but is not limited to, �oint-of-sale transf�rs, autoinated teller n�achine transactions, transfers initiated vy teleplione, wira transfers, and autoinated clearinghause tr�llsfers. (L) "Esarow Items" nieans trlose itetns that are described in Sec�ion 3. (M) "M iscellaneous I�r'oceeds" ine�ns any compensltion, settlement, lward of dam�ges, or proceeds plid Uy �ny third party(other th�n insurauce proceeds paid under the coverages describeci in Section 5) for: (i) d�tnage to, or destruction o£, the Pro�erty; (ii) conderilnation or other talcing of all or any p�rt of t11e Property; (iii) conveyance in lieu of condemnation; or(iv)rnisrepresentations of, or on�issions as to, the v�lue�iid/or colldition of the Property, 231232 NEBRASKA-Single Family-Fannie Mae/Freddle Mac UNIFORM INSTRUMENT Form 3020 1I01 VM P� VM P6(NE)(1105) Wolters Kluwer Financlal Servlces Page 2 of 17