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WHEN RECORDED MAIL TO:
<br />CORNERSTONE BANK
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<br />[Space Above This Line For Recording Data]
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<br />Adjustable Rate Rider
<br />Balloon Rider
<br />1 -4 Family Rider
<br />TRANSFER OF RIGHTS IN THE PROPERTY
<br />DEED OF TRUST
<br />0 Condominium Rider Second Home Rider
<br />a Planned Unit Development Rider 0 Other(s) [specify]
<br />a Biweekly Payment Rider
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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 16.
<br />(A) "Security Instrument" means this document, which is dated February 5, 2015, together with all Riders to this
<br />document.
<br />(B) "Borrower" is Colby A Hayes and Taylor Hayes; 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 Shelton Facility, 119 C Street, P.O. Box 639, Shelton, NE 68876 -0639. 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 February 5, 2015. The Note states that
<br />Borrower owes Lender One Hundred Fifteen Thousand & 00/100 Dollars (U.S. $115,000.00) plus interest. Borrower
<br />has promised to pay this debt in regular Periodic Payments and to pay the debt in full not later than March 1, 2045.
<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 prepayment charges and late charges 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 executed by Borrower [check box as applicable]:
<br />(I) "Applicable Law" means all controlling applicable federal, state and local statutes, regulations, ordinances and
<br />administrative rules and orders (that have the effect of law) as well as all applicable final, non - appealable judicial
<br />opinions.
<br />(J) "Community Association 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 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, and automated 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 insurance 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 Insurance" 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.) and its implementing
<br />regulation, Regulation X (12 C.F.R. Part 1024), 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 "federally related mortgage 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 obligations under the Note and /or this Security Instrument.
<br />NEBRASKA-Single Family - Fannie Mae /Freddie Mac UNIFORM • INSTRUMENT Form 3028 1/01
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