201803085 - Laserfiche WebLink

Browse

After Recording Return To: Cornerstone Bank Main Bank Facility 529 Lincoln Avenue P.O. Box 69 York, NE 68467 -0069 DEED OF TRUST NOTICE: THIS LOAN IS NOT ASSUMABLE WITHOUT THE APPROVAL OF THE DEPARTMENT OF VETERANS AFFAIRS OR ITS AUTHORIZED AGENT. DEFINITIONS 201803085 201802379 RE- RECORDF' [Space Above This Line For Recording Data] MIN #101437300001783672 Words used in multiple sections of this document are defmed below and other words are defmed in Sections 3, 11, 13, 18, 20 and 21. Certain rules regarding the usage of words used in this document are also provided in Section 16. (A) "Security Instrument" means this document, which is dated April 13, 2018, together with all Riders to this document. (B) "Borrower" is Tim Alan Christensen and Ann Renee Christensen, Husband and Wife. Borrower is the trustor under this Security Instrument. (C) "Lender" is CORNERSTONE BANK. Lender is a Corporation organized and existing under the laws of Nebraska. Lender's address is P.O. Box 69, 529 Lincoln Avenue, York, NE 68467. Lender is the beneficiary under this Security Instrument. (D) "Trustee" is WEST GATE BANK. (E) "MERS" is Mortgage Electronic Registration Systems, Inc. MERS is a separate corporation that is acting solely as a nominee for Lend and Lender's successors and assigns. MERS is the beneficiary under this Security Instrument. MERS is organized and existing under the laws of Delaware, and has an address and telephone number of P.O. Box 2026, Flint, MI 48501 -2026, tel. (888) 679 -MERS. (F) "Note" means the promissory note signed by Borrower and dated April 13, 2018. The Note states that Borrower owes Lender Four Hundred Fifty Thousand &00 /100 Dollars (U.S. $450,000.00) plus interest. Borrower has promised to pay this debt in regular Periodic Payments and to pay the debt in full not later than May 1, 2048. (G) "Property" means the property that is described below under the heading "Transfer of Rights in the Property." (1I) "Loan" means the debt evidenced by the Note, plus interest, any prepayment charges and late charges due under the Note, and all sums due under this Security Instrument, plus interest. (1) "Riders" means all Riders to this Security Instrument that are executed by Borrower. The following Riders are to be executed by Borrower [check box as applicable]: ❑ Adjustable Rate Rider ❑ Condominium Rider ❑ Second Home Rider NEBRASKA -- Single Family -- Fannie Mae/Freddie Mac UNIFORM INSTRUMENT Form 3028 1 /01 (page 1 of 15 pages)