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<br />WHEN RECORDED MAIL TO:
<br />CORNERSTONE BANK N.A.
<br />Main Bank Facility
<br />529 Lincoln Avenue
<br />P.O. Box 69
<br />York, NE 68467
<br />DEFINITIONS
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<br />WHEN RECORDED MAIL TO:
<br />CORNERSTONE BANK N.A.
<br />Main Bank Facility
<br />529 Lincoln Avenue
<br />P.O. Box 69
<br />York, NE 68467
<br />DEFINITIONS
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<br />[Space Above This Line For Recording Data]
<br />DEED OF TRUST
<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.
<br />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 April 27, 2004, together with all Riders to this document.
<br />(B) "Borrower" is Maris M. Carda and Lisa K. Carda; Husband and Wife. Borrower is the trustor under this Security Instrument.
<br />(C) "Lender" is CORNERSTONE BANK N.A. Lender is a Corporation organized and existing under the laws of Nebraska. Lender's address
<br />is Main Bank Facility, 529 Lincoln Avenue, P.O. Box 69, York, NE 68467. Lender is the beneficiary under this Security Instrument.
<br />(D) "Trustee" is TIERONE BANK.
<br />(E) "Note" means the promissory note signed by Borrower and dated April 27, 2004. The Note states that Borrower owes Lender
<br />Fifty -nine Thousand & 00/100 Dollars (U.S. $59,000.00) plus interest. Borrower has promised to pay this debt in regular Periodic
<br />Payments and to pay the debt in full not later than May 1, 2009.
<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
<br />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 executed by
<br />Borrower [check box as applicable]:
<br />F] Adjustable Rate Rider 0 Condominium Rider 0 Second Home Rider
<br />® Balloon Rider 11 Planned Unit Development Rider Other(s) [specify] _
<br />0 1 -4 Family Rider n Biweekly Payment Rider
<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
<br />instrument, which is initiated through an electronic terminal, telephonic instrument, computer, or magnetic tape so as to order, instruct, or
<br />authorize a financial institution to debit or credit an account. Such term includes, but is not limited to, point -of -sale transfers, automated
<br />teller machine transactions, 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
<br />other taking of all or any part of the Property; (iii) conveyance in lieu of condemnation; or (iv) misrepresentations of, or omissions as to, the
<br />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 amounts
<br />under Section 3 of this Security Instrument.
<br />(P) "RESPA" means the Real Estate Settlement Procedures Act (12 U.S.C. § 2601 at seq.) and its implementing regulation, Regulation X
<br />(24 C.F.R. Part 3500), as they might be amended from time to time, or any additional or successor legislation or regulation that governs
<br />the same subject matter. As used in this Security Instrument, "RESPA" refers to all requirements and restrictions that are imposed in
<br />regard to a "federally related mortgage loan" even if the 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 has assumed
<br />Borrower's obligations under the Note and /or this Security Instrument.
<br />TRANSFER OF RIGHTS IN THE PROPERTY
<br />This Security Instrument secures to Lender: (i) the repayment of the Loan, and all renewals, extensions and modifications of the Note; and
<br />(ii) the performance of Borrower's covenants and agreements under this Security Instrument and the Note. For this purpose, Borrower
<br />irrevocably grants and conveys to Trustee, in trust, with power of sale, the following described property located in the County of Hall:
<br />Real Property tax identification number is 400075369.
<br />Lot Two (2) in Block "A" in "Park -view Subdivision" located in the Northeast Quarter (NE1/4) of Section Twenty -nine and the
<br />Northwest Quarter (NW1/4) of Section Twenty -eight (28), in Township Eleven (11) North, Range Nine (9) West of the 6th P.M. in
<br />Hall County, Nebraska, except a certain tract more particularly described as follows: Beginning at the Northwest corner of Lot 2,
<br />Block A, Parkview Subdivision, said point also being at the junction of the East line of Pioneer Boulevard and the South line of
<br />Stolley Palk Road; thence proceeding East along the South line of Stolley Park Road for a distance of 4.5 feet; thence deflecting
<br />right in a southwesterly direction for a distance of 6.02 feet; thence deflecting right in a northerly direction for a distance of 4
<br />feet to the point of beginning.
<br />AND
<br />The West Eight (8) feet of the South Eight (8) feet of Lot One (1), in Block A, in Parkview Subdivsiion, a part of the W1/2NW1/4
<br />of Section Twenty Eight (28) and the E1/2NE1/4 of Section Twenty Nine (29) in Township Eleven (11) North, Range Nine (9)
<br />West, in Hall County, Nebraska.
<br />NEBRASKA - Single Family- Fannie Mae /Freddie Mac UNIFORM INSTRUMENT Form 3028 1/01
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