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<br />CORNERSTONE BANK � Vu
<br />Cerrtral City Facility �
<br />1631 16th Street
<br />Central City, NE 68826-1815
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<br />DEED OF TRUST ��
<br />DEFINITIONS
<br />Words used in multiple sections of this document ere defined below and other words are defined in Sections 3, 11, 13,
<br />18, 20 and 21. Certain rules regarding the usege of words used in this document are also provided in Section 16.
<br />(A) "Security Instrument° means this document, which is dated July 12, 2012, together with all Riders to this
<br />document.
<br />(B) °Borrower" is Darren G Sanchez and Jody L Sanchez; Husband and Wife. 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 eddress is Central City Facility, 1631 16th 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 12, 2012. The Note states that Borrower
<br />awes Lender One Hundred Thirty-four Thousand Five Hundred & 00/100 Dollars (U.S. 5134,500.00) plus interest.
<br />Borrower has promised to pay this debt in regular Periodic Payments and to pay the debt in full not later than August 1,
<br />2027.
<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 interesi, any prepayment charges and late charges due under
<br />the Note, and all sums due under this Security Instrument, plus interest.
<br />(H) "Rlders° 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 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 />� Other(s) [specify] _
<br />(1) "Applicable Law" means all controlling epplicable federal, state and local statutes, regulations, ordinances and
<br />administretive rules and orders (that have the effect of law) es well as all applicable final, non-appealable judicial
<br />opinions.
<br />(J) "Community Associetlon 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 association or similar
<br />organization.
<br />(K) "Electronic Funds Transfer" means any transfer of funds, other than a transaction originated by check, draft, or
<br />similar paper 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, settlement, awerd of damages, or proceeds paid by any third
<br />party (other than insurance proceeds paid under the covereges 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 Insurance" means insurance protecting Lender against the nonpayment of, or default on, the Loan.
<br />(0) "Periodic Payment" means the regulerly 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 35001, 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 are imposed in regard to a"federally related mortgage laan" even if the
<br />Loan does not qualify as e"federally related mortgege loen" 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 obligations under the Note and/or this Security Instrument.
<br />TRANSFER OF RIGHTS IN THE PROPERTY
<br />NEBRASKA-Single Family-Fannie Mae/Freddie Mac UNIFORM INSTRUMENT
<br />Page 1 of 7
<br />Form 3028 1 /01
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