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<br />WHEN RECORDED MAIL TO:
<br />CITMS STATE BANK
<br />Loan Production Office
<br />11710 W. Do_dor? Rd.
<br />OMAHA, N "l- 6,1 1 J4
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<br />[Space Above This Line For Recording Data]
<br />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, 11, 13, 18, 20 and 21. Certain
<br />rules regarding the tisa je of words used in this document are also provided in Section 16.
<br />(A) "Security Instrument" means this document, which is dated May 25, 2001, together with all Riders to this document.
<br />(B) "Borrower" is Steve G. Wilson and Joan M. Wilson, husband and wife as joint tenants. Borrower is the trustor under this Security
<br />Instrument.
<br />(C) "Lender" is CITIZENS STATE BANK. Lender is a State Bank organized and existing under the laws of Iowa. Lender's address is 301
<br />OAKLAND AVE, BOX 68, OAKLAND, IA 51560. Lender is the beneficiary under this Security Instrument.
<br />(D) "Trustee" is Michael S. Mostek.
<br />(E) "Note" means the promissory note signed by Borrower and dated May 25, 2001. The Note states that Borrower owes Lender One Hundred
<br />Two Thousand & 00/100 Dollars (U.S. $102,000.00) plus interest. Borrower has promised to pay this debt in regular Periodic Payments and to
<br />pay the debt in full not later than June 1, 2016.
<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 the Note, and all sums
<br />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 be executed by Borrower
<br />[check box as applicable]:
<br />Adjustable Rate Rider a Condominium Rider
<br />Balloon Rider Planned Unit Development Rider
<br />1 -4 Family Rider Biweekly Payment Rider
<br />Second Home Rider
<br />Other(s) [specify]
<br />(1) "Applicable Law" means all controlling applicable federal, state and local statutes, regulations, ordinances and administrative rules and
<br />orders (that have the effect of law) as well as all applicable final, non - appealable judicial opinions.
<br />(J) "Community Association Dues, Fees, and Assessments" means all dues, fees, assessments and other charges that are imposed on
<br />Borrower or the Property by a condominium association, homeowners association or similar organization.
<br />(K) "Electronic Funds Transfer" means any transfer of funds, other than a transaction originated by check, draft, or similar paper instrument,
<br />which is initiated through an electronic terminal, telephonic instrument, computer, or magnetic tape so as to order, instruct, or authorize a financial
<br />institution to debit or credit an account. Such term includes, but is not limited to, point -of -sale transfers, automated teller machine transactions,
<br />transfers initiated by telephone, wire 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 party (other than
<br />insurance proceeds paid under the coverages described in Section 5) for: (i) damage to, or destruction of, the Property; (ii) condemnation or other
<br />taking of all or any part of the Property; (iii) conveyance in lieu of condemnation; or (iv) misrepresentations of, or omissions as to, the value and/or
<br />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) any amounts under
<br />Section 3 of this Security Instrument.
<br />NEBRASKA - Single Family- Fannie Mae/Freddie Mac UNIFORM INSTRUMENT Form 30281/01
<br />Page 1 of 8
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<br />Words used in multiple sections of this document are defined below and other words are defined in Sections 3, 11, 13, 18, 20 and 21. Certain
<br />rules regarding the tisa je of words used in this document are also provided in Section 16.
<br />(A) "Security Instrument" means this document, which is dated May 25, 2001, together with all Riders to this document.
<br />(B) "Borrower" is Steve G. Wilson and Joan M. Wilson, husband and wife as joint tenants. Borrower is the trustor under this Security
<br />Instrument.
<br />(C) "Lender" is CITIZENS STATE BANK. Lender is a State Bank organized and existing under the laws of Iowa. Lender's address is 301
<br />OAKLAND AVE, BOX 68, OAKLAND, IA 51560. Lender is the beneficiary under this Security Instrument.
<br />(D) "Trustee" is Michael S. Mostek.
<br />(E) "Note" means the promissory note signed by Borrower and dated May 25, 2001. The Note states that Borrower owes Lender One Hundred
<br />Two Thousand & 00/100 Dollars (U.S. $102,000.00) plus interest. Borrower has promised to pay this debt in regular Periodic Payments and to
<br />pay the debt in full not later than June 1, 2016.
<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 the Note, and all sums
<br />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 be executed by Borrower
<br />[check box as applicable]:
<br />Adjustable Rate Rider a Condominium Rider
<br />Balloon Rider Planned Unit Development Rider
<br />1 -4 Family Rider Biweekly Payment Rider
<br />Second Home Rider
<br />Other(s) [specify]
<br />(1) "Applicable Law" means all controlling applicable federal, state and local statutes, regulations, ordinances and administrative rules and
<br />orders (that have the effect of law) as well as all applicable final, non - appealable judicial opinions.
<br />(J) "Community Association Dues, Fees, and Assessments" means all dues, fees, assessments and other charges that are imposed on
<br />Borrower or the Property by a condominium association, homeowners association or similar organization.
<br />(K) "Electronic Funds Transfer" means any transfer of funds, other than a transaction originated by check, draft, or similar paper instrument,
<br />which is initiated through an electronic terminal, telephonic instrument, computer, or magnetic tape so as to order, instruct, or authorize a financial
<br />institution to debit or credit an account. Such term includes, but is not limited to, point -of -sale transfers, automated teller machine transactions,
<br />transfers initiated by telephone, wire 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 party (other than
<br />insurance proceeds paid under the coverages described in Section 5) for: (i) damage to, or destruction of, the Property; (ii) condemnation or other
<br />taking of all or any part of the Property; (iii) conveyance in lieu of condemnation; or (iv) misrepresentations of, or omissions as to, the value and/or
<br />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) any amounts under
<br />Section 3 of this Security Instrument.
<br />NEBRASKA - Single Family- Fannie Mae/Freddie Mac UNIFORM INSTRUMENT Form 30281/01
<br />Page 1 of 8
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