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<br />Adjustable Rate Rider
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<br />Condominium Rider
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<br />Balloon Rider
<br />❑
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<br />1 -4 Family Rider
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<br />200300132
<br />[Space Above This Line For Recording Data(
<br />DEED OF TRUST
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<br />DEFINITIONS
<br />Words used in multiple sections of this document are defined below and other words are defined in Sections
<br />3, 11,13,
<br />I8, 20
<br />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 December 26th
<br />2002
<br />,tDgetherwith
<br />all Riders to this document.
<br />(B) `Borrower" is Jeffrey D Palo and Suzanne J Palu, as husband and wife
<br />Borrower is the truster under this Security Instrument.
<br />(C) "Lender" is United Nebraska Bank .Lender
<br />is a Corporation organized and existing underthe laws of the State Of Nebraska
<br />Lender's address is 700 North Webb Road Grand Island, NE 68803
<br />Lender is the beneficiary under this Security Instrument.
<br />(D) "Trustee" is United Nebraska Bank 700 North Webb Road Grand Island, NE 68803
<br />(E) "Note" means the promissory note signed by Borrower and dated December 26th 2002 . 'I he Note
<br />states that Borrower owes Lender One Hundred Sixty Three Thousand One Hundred and 00 /100
<br />Dollars (U.S$163,100.00 )plus interest. Bonowerhas promised
<br />to pay this debt in regular Periodic Payments and to pay the debt in full not later them January 1, 2023
<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
<br />Note, and all sums due under this Security Instrument, plus interest.
<br />(H) °Riders" means all Riders lu this Security Instrument that are executed by Borrower. The following Riders are to be
<br />executed by Borrower [check box as applicable]:
<br />❑
<br />Adjustable Rate Rider
<br />❑
<br />Condominium Rider
<br />❑
<br />Balloon Rider
<br />❑
<br />Planned Unit Development Rider
<br />❑
<br />1 -4 Family Rider
<br />❑
<br />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
<br />administrative rules and orders (that have the effect of law) as well as all applicable final, nun- appealablejudicial 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 mry transfer of funds, other than a transaction originated by check, draft, or
<br />similar paper instrument, which is initiated through an electronic terminal, telephonic instrument computer, or magnetic tape
<br />so as to order, instruct, or authorize a financial institution to debit or credit an account. Such term includes, but is not limited
<br />to, point -of -sale transfers, automated teller machine transactions, transfers initiated by telephone, wire transfers, and
<br />automated clearinghouse transfers.
<br />(L) "Escrow Items" means those items that are described in SaAion 3.
<br />(M) "Miscellaneous Proceeds" means any compensation, settlement, award ofdamages, or proceeds paid by any third
<br />party (other than insurance proceeds paid under the coverages described in Section 5) for: (i) damage to, or destruction of,
<br />the Property; (ii) condemnation or other taking ofall or any part of the Property; (iii) conveyance in lieu ofcondemnation; or
<br />(iv) misrepresentations of, or omissions as to, the value and/or condition ofthe Property.
<br />(N) "Mortgage Insurance" means insurance protecting Lundcr 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)
<br />any amounts under Section 3 ofthis Security Instrument.
<br />(P) "RESPA" means the Real Estate Settlement Procedures Act (12 U.S.C. §2601 at seq.) and its implementing regulation,
<br />Regulation X (24 C.F.R. Part 3500), as tliey might be emended front tinhe to time, or any additional or successor legislation
<br />NEBRASKA Single family -- Fannie Mae /Freddie Ma UNIFORM INSTRUMENT Form3028 1 /01 (pageloJSpages)
<br />vrw cc(i ) invaren
<br />COTO(oo03d253)
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