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<br />[Space Above This Line For Recording Data] •
<br />DEED OF TRUST
<br />DEFINITIONS
<br />%ei�_
<br />Words used in multiple sections of this document are defined below and other words are defined in Sections 3, 11, 13, 18, 20
<br />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 .....December 19,. 20 00 ....... . . . . ...... . .......... . together
<br />with all Riders to this document.
<br />(B) 'Borrower" is MANUEL..ZARRAGA and MARIA ZARRAGA�..HUSBAND AND WIFE
<br />............... ...............................
<br />................................... ...............................
<br />Borrower is the trustor under this Security Instrument.
<br />(C) "Lender" is HERITAGE BANK .....................
<br />Lender is a ?�I.TAGE. SANK .................................................. ............................... organized and existing under
<br />the laws of the United States of America .......... _ Lender's address is 110E 9TH, WOOD RIVER......
<br />.................. .........
<br />NE 68883
<br />....................................................................................................................... ............................... .
<br />Lender is the beneficiary under this Security Instrument.
<br />(D) "Trustee" is . HERITAGE. BANK,. 110. E..9TH STREET WOOD RIVER NE 68883
<br />......................................................... ............................... .
<br />(E) "Note" means the promissory note signed by Borrower and dated .. December ,19,..2 000 .......... . .. . . . . . . . . . . . ........ The
<br />Note states that Borrower owes Lender zWEN'I'Y EIGHT..THOUSA.ND and NO /100* * *
<br />.............................................. ...............................
<br />* * * * * * * * * * * * * Dollars (U.S. $ 28, 000,00 .................) plus interest. Borrower has promised to
<br />pay this debt in regular Periodic Payments and to pay the debt in full not later than J y 1, 2001 .... . ......... . ........... . ....
<br />......................................................................................................................... ..............I................ .
<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,
<br />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 be
<br />executed by Borrower [check box as applicable]:
<br />❑ Adjustable Rate Rider ❑ Condominium Rider ❑ Second Home Rider
<br />❑ Balloon Rider ❑ Planned Unit Development Rider ❑ Other(s) [specify] .......................
<br />❑ 1 -4 Family Rider ❑ Biweekly Payment Rider
<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 opinions.
<br />(J) "Community Association Dues, Fees, and Assessments" means all dues, fees, assessments and other charges that are
<br />imposed on 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
<br />paper instrument, which is initiated through an electronic terminal, telephonic instrument, computer, or magnetic tape so as to
<br />order, instruct, or authorize a financial institution to debit or credit an account. Such term includes, but is not limited to,
<br />point -of -sale transfers, automated teller machine transactions, transfers initiated by telephone, wire transfers, and automated
<br />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
<br />(other than insurance proceeds paid under the coverages described in Section 5) for: (i) damage to, or destruction of, the
<br />Property; (ii) condemnation or other taking of all or any part of the Property; (iii) conveyance in lieu of condemnation; or (iv)
<br />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) any
<br />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 regulation,
<br />Regulation X (24 C.F.R. Part 3500), as they might be amended from time to time, or any additional or successor legislation or
<br />regulation that governs the same subject matter. As used in this Security Instrument, "RESPA" refers to all requirements and
<br />restrictions that are imposed in regard to a "federally related mortgage loan" even if the Loan does not qualify as a "federally
<br />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 has
<br />assumed Borrower's obligations under the Note and /or this Security Instrument.
<br />NEBRASKA — Single Family— Fannie Mae /Freddie Mac UNIFORM INSTRUMENT
<br />Bankers Systems, Inc., St. Cloud, MN Form MD -1 -NE 8/17/2000
<br />ref: 1/2001 (page I of 7 pages)
<br />Form 3028 1/01
<br />1111111111111111111111111111111111
<br />
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