|
�
<br />-
<br />-
<br />-
<br />N ��
<br />0 —
<br />N �
<br />e �
<br />�
<br />� �
<br />�
<br />��
<br />��
<br />-
<br />; �.
<br />' .<:�
<br />a
<br />�
<br />a, a d,
<br />WHEN RECORDED MAIL TO:
<br />CORNERSTONE BANK
<br />Central City Facility
<br />1631 16th Street
<br />Central City, NE 68826-1815
<br />�
<br />C
<br />� � �
<br />°�S �° , e
<br />� �
<br />� "�
<br />Q l� r �
<br />� � �tl
<br />E� �,,
<br />�; D �
<br />� r . c�
<br />r t ` f
<br />� 5 . �_ .
<br />° '�' F—�
<br />_� � W
<br />�7 '�,,,,
<br />m �,
<br />c» ' — '3
<br />:� � �
<br />� �� (`� : l. )
<br />-�z
<br />r � itY' .,
<br />r,. � �
<br />�'� j--- I.�
<br />� )
<br />� �
<br />� �
<br />��
<br />z m
<br />---i
<br />-< o
<br />O T
<br />= rr�
<br />y cu
<br />r �
<br />r n
<br />��
<br />�
<br />Y
<br />� �
<br />vi
<br />�n
<br />(Space Above This Line For Recording Date]
<br />PURCHASE MONEY DEED OF TRUST
<br />DEFINITIONS
<br />Words used in multiple sections of this document are defined below and other words are defined in Sections 3, 71, 13,
<br />1 S, 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 documant, which is dated July 13, 2012, together with all Riders to this
<br />document.
<br />(B1 °Borrower" is Krae Dutoit and Kinsey J Dutoit; Husband and Wife. Borrower is the trustor under this Security
<br />Instrument.
<br />(C) "Lender" is CORNERSTONE BANK. Lender is a Corporation organized and existing under the laws of Nebraska.
<br />Lender's address is Central City Facility. 1631 7 6th Street, Central City, NE 68826-1815. Lender is the beneficiary
<br />under this Security Instrument.
<br />(D) "Trustee" is WEST GATE BANK.
<br />(E) "Note" means the promissory note signed by Borrower and dated July 13, 2012. The Note states thet Borrower
<br />owes Lender Two Hundred Thirty-six Thousand & 00/100 Dollars (U.S. S236,000.00) plus interest. Borrower has
<br />promised ta pey this debt in regular Periodic Payments and to pay the debt in full not later than August 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 interast, any prepayment charges and late cherges due under
<br />the Note, and all sums due under this Security Instrument, plus interest.
<br />(H) "Riders" means all Riders to this Security Instrument that are executed by Borrower. The following Riders are to
<br />be executad by Borrower [check box as applicablel:
<br />� Adjustable Rate Rider
<br />� Balloon Rider
<br />� 1-4 Family Rider
<br />� Condominium Rider
<br />� Planned Unit Development Rider
<br />� Biweekly Payment Rider
<br />� Second Home Rider
<br />a Other(s) [specify] _
<br />(I) "Applicable Law" means all contralling applicable federal, state end local statutes, regulations, ordinances and
<br />administrative rules and orders (that have tha effect of law) as well as ell appliceble final, non-appealable judicial
<br />opinions.
<br />(J) "Community Association Dues, Fees, and Assessments" means all dues, fees, essessments and other cherges that
<br />are imposed on Borrower or the Property by a condominium association, homeowners association or similar
<br />organization.
<br />(K) "Electronic Funds Transfer" means any transfer of funds, other then a transection originated by check, draft, or
<br />similar peper instrument, which is initiated through an electronic terminel, 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, and automated clearinghouse transfers.
<br />(L) "Escrow Items" means those items that are described in Section 3.
<br />(M) "Miscellaneous Proceeds" means any compensetion, settlament, award of damages, or proceeds paid by eny third
<br />perty (other than insurance proceeds paid undar the coverages described in Section 5) far: (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 Insurance" means insurance protecting Lender ageinst 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.) and its implementing
<br />regulation, Regulation X(24 C.F.R. Part 3500), as they might be amended from time to time, or any additional or
<br />successor legislation or reguletion that governs the same subject matter. As used in this Security Instrument, "RESPA"
<br />refers to all requirements and restrictions that ere imposed in regard to a"federally related mortgege loan" even if the
<br />Loan does not qualify as a"federally related mortgage loan" under RESPA.
<br />(Q) "Successor in Interest of Borrower" means any party that has taken title to the Property, whether or not that party
<br />has assumed Borrower's obligetions under the Note and/or this Security Instrument.
<br />TRANSFER OF RIGHTS IN THE PROPERTY
<br />NEBRASKA-Single Family-Fannie Mae/Freddie Mac UNIFORM INSTRUMEIVT
<br />Page 1 of 7
<br />Form 3028 1/07
<br />N
<br />O
<br />F—'
<br />C�5
<br />�
<br />C1l
<br />-J
<br />�
<br />N
<br />��
<br />�� y
<br />
|