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<br />WHEN RECORDED MAIL TO:
<br />� Cornerstone Bank
<br />Aurora Facil(ty
<br />� 1206 13th Street
<br />� P.O. Box 386
<br />Aurora, NE 68878-0386
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<br />[Spece Above This Line For Recording Data]
<br />DEED OF TRUST
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<br />DEFINITIONS
<br />Words used in multiple sections of this document are defined below and other words are defined in Sections 3, 11, 13,
<br />18, 20 and 21. Certain rules regarding the usage of words used in this document are also provided in Section 7 6.
<br />(A) "Security Instrument" means this document, which is dated March 21, 2012, together with all Riders to this
<br />document.
<br />(B) °Borrower° is Brenda K Cochran and Andrew L Cochran; Wife and Husband. Borrower is the trustor under this
<br />Security Instrument.
<br />(C) "Lender" is Cornerstone Bank. Lender is a Corporation organized and existing under the laws of Nebraska.
<br />Lender's address is Aurora Facility, 1206 13th Street, P.O. Box 386, Aurore, NE 68818-0386. Lender is the
<br />beneficiary under this Security Instrument.
<br />(D) "Trustee" is WEST GATE BANK.
<br />(E) "Note" means the promissory note signed by Borrower and dated March 21, 2012. The Note states that Borrower
<br />owes Lender One Hundred Six Thousand Eight Hundred Seventy-five & 00/100 Dollars (U.S. S106,875.00) plus
<br />interest. Borrower has promised to pay this debt in regular Periodic Payments and to pay the debt in full not later than
<br />April 1, 2042.
<br />(F) °Property° means the property that is described below under the heading "Transfer of Rights in the Property.°
<br />(G) "Loan° means the debt evidenced by the Note, plus interest, any prepeyment charges and lete charges due under
<br />the Note, and ell sums due under this Security Instrument, plus interest.
<br />(HI "Riders" means all Riders to this Security Instrument that are executed by Borrower. The following Riders are to
<br />be executed by Borrower [check box as epplicablel:
<br />� Adjustable Rate Rider
<br />� Balloon Rider
<br />� 1-4 Femily Rider
<br />� Condominium Rider
<br />� Planned Unit Development Rider
<br />� Biweekly Payment Rider
<br />� Second Home Rider
<br />� Otherls) [specify] _
<br />(q "Applicable Law" means all controlling applicable federal, state and local statutes, reguletions, ordinances end
<br />administretive rules and orders (that have the effect of law) as well as all applicable finel, non-eppealable judiciel
<br />opinions.
<br />(J) °Community Associetion Dues, Fees, and Assessments° means all dues, fees, assessments and other charges that
<br />are imposed on Borrower or the Property by a condominium association, homeowners essociation or similar
<br />organization.
<br />(K) "Electronic Funds Transfer" means any transfer of funds, other than e trensaction originated by check, draft, or
<br />similar peper instrument, which is initiated through an electronic terminal, telephonic instrument, computer, or magnetic
<br />tape so as to order, instruct, or authorize a financial institution to debit or credit an account. Such term includes, but is
<br />not limited to, point-of-sale transfers, automated teller machine transactions, transfers initiated by telephone, wire
<br />transfers, end autometed clearinghouse transfers.
<br />(L) °Escrow Items" means those items that are described in Section 3.
<br />(M) "Miscellaneous Proceeds" means any compensation, settlement, award of damages, or proceeds paid by any third
<br />party (other than insurence proceeds paid under the coverages described in Section 5) for: (i) damage to, or destruction
<br />of, the Property; (ii) condemnation or other taking of all or any part of the Property; (iii) conveyance in lieu of
<br />condemnation; or (iv) misrepresentations of, or omissions as to, the value and/or condition of the Property.
<br />(N) "Mortgage Insurence" means insurance protecting Lender against the nonpayment of, or default on, the Loan.
<br />(0) "Periodic Payment" means the regularly scheduled amount due for (i) principal and interest under the Note, plus (ii)
<br />any amounts under Section 3 of this Security Instrument.
<br />(P) °RESPA° means the Real Estate Settlement Procedures Act (12 U.S.C. § 2601 et seq.) end its implementing
<br />regulation, Regulation X(24 C.F.R. Part 35001, as they might be amended from time to time, or any additional or
<br />successor legislation or regulation that governs the same subject matter. As used in this Security Instrument, °RESPA"
<br />refers to all requirements and restrictions that are imposed in regard to a°federelly related mortgage loan° even if the
<br />Loan does not qualify es a"federally related mortgage loan" under RESPA.
<br />(Q) "Successor in Irrterest of Borrower" means any party that hes taken title to the Property, whether or not that party
<br />has assumed Borrower's obligations under the Note and/or this Security Instrument.
<br />NEBRASKA-Single Family-Fannie Mae/Freddie Mac UNIFORM INSTRUMENT Form 3028 1/01
<br />Page 1 of 7
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