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<br />°c► A Ik ording Return To:
<br />S uritq First Mortgage, L.L.C.
<br />33V S. 10th Street
<br />Lincoln, NE 68502
<br />Loan No: 0139001077
<br />A
<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,
<br />11, 13, 18, 20 and 21. Certain rules regarding the usage of words used in this document are also provided in
<br />Section 16.
<br />(A) "Security Instrument" means this document, which is dated May 8, 2001
<br />together with all Riders to this document.
<br />(B) "Borrower" is
<br />Michael McGahan and Tracy McGahan, husband and wife, as joint tenants with right of survivorship
<br />and not as tenants in common
<br />Borrower is the trustor under this Security Instrument.
<br />(C) "Lender" is Security First Mortgage L.L.C.
<br />Lender is a
<br />organized and existing under the laws of The State of Nebraska
<br />Lender's address is 3300 S. 10th Street
<br />Lincoln, NE 68502
<br />Lender is the beneficiary under this Security Instrument.
<br />(D) "Trustee" is Security First Bank
<br />(E) "Note" means the promissory note signed by Borrower and dated May 8, 2001
<br />The Note states that Borrower owes Lender Four Hundred Eight Thousand DOLLARS and Zero CENTS
<br />Dollars (U.S. $ 408,000.00 ) plus interest. Borrower has promised to pay this debt in regular
<br />Periodic Payments and to pay the debt in full not later than June 1, 2031
<br />(F) "Property" means the property that is described below under the heading "Transfer of Rights in the
<br />Property."
<br />(G) "Loan" means the debt evidenced by the Note, plus interest, any prepayment charges and late charges
<br />due under 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
<br />Riders are to be executed by Borrower [check box as applicable]:
<br />F7 Adjustable Rate Rider F7 Condominium Rider 0 Second Home Rider
<br />Q Balloon Rider 0 Planned Unit Development Rider Q 1 -4 Family Rider
<br />❑ Biweekly Payment Rider Q V.A. Rider
<br />0 Other(s) [specify]
<br />(I) "Applicable Law" means all controlling applicable federal, state and local statutes, regulations,
<br />ordinances and administrative rules and orders (that have the effect of law) as well as all applicable final,
<br />non - appealable judicial opinions.
<br />(J) "Community Association Dues, Fees, and Assessments" means all dues, fees, assessments and other
<br />charges that are imposed on Borrower or the Property by a condominium association, homeowners association
<br />or similar organization.
<br />NEBRASKA - Single Family - Fannie Mae /Freddie Mac UNIFORM INSTRUMENT
<br />Form 3028 1/01
<br />Laser Forms Inc. (800) 446 -3555
<br />LFI #FNMA3028 -L 1/01 (A) Page 1 of 9 Initials:
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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,
<br />11, 13, 18, 20 and 21. Certain rules regarding the usage of words used in this document are also provided in
<br />Section 16.
<br />(A) "Security Instrument" means this document, which is dated May 8, 2001
<br />together with all Riders to this document.
<br />(B) "Borrower" is
<br />Michael McGahan and Tracy McGahan, husband and wife, as joint tenants with right of survivorship
<br />and not as tenants in common
<br />Borrower is the trustor under this Security Instrument.
<br />(C) "Lender" is Security First Mortgage L.L.C.
<br />Lender is a
<br />organized and existing under the laws of The State of Nebraska
<br />Lender's address is 3300 S. 10th Street
<br />Lincoln, NE 68502
<br />Lender is the beneficiary under this Security Instrument.
<br />(D) "Trustee" is Security First Bank
<br />(E) "Note" means the promissory note signed by Borrower and dated May 8, 2001
<br />The Note states that Borrower owes Lender Four Hundred Eight Thousand DOLLARS and Zero CENTS
<br />Dollars (U.S. $ 408,000.00 ) plus interest. Borrower has promised to pay this debt in regular
<br />Periodic Payments and to pay the debt in full not later than June 1, 2031
<br />(F) "Property" means the property that is described below under the heading "Transfer of Rights in the
<br />Property."
<br />(G) "Loan" means the debt evidenced by the Note, plus interest, any prepayment charges and late charges
<br />due under 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
<br />Riders are to be executed by Borrower [check box as applicable]:
<br />F7 Adjustable Rate Rider F7 Condominium Rider 0 Second Home Rider
<br />Q Balloon Rider 0 Planned Unit Development Rider Q 1 -4 Family Rider
<br />❑ Biweekly Payment Rider Q V.A. Rider
<br />0 Other(s) [specify]
<br />(I) "Applicable Law" means all controlling applicable federal, state and local statutes, regulations,
<br />ordinances and administrative rules and orders (that have the effect of law) as well as all applicable final,
<br />non - appealable judicial opinions.
<br />(J) "Community Association Dues, Fees, and Assessments" means all dues, fees, assessments and other
<br />charges that are imposed on Borrower or the Property by a condominium association, homeowners association
<br />or similar organization.
<br />NEBRASKA - Single Family - Fannie Mae /Freddie Mac UNIFORM INSTRUMENT
<br />Form 3028 1/01
<br />Laser Forms Inc. (800) 446 -3555
<br />LFI #FNMA3028 -L 1/01 (A) Page 1 of 9 Initials:
<br />IA
<br />�S In
<br />0
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