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<br />[Space Above This Line For Recording Data
<br />DEED OF TRUST
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<br />DEFINITIONS
<br />Words used in multiple sections ofthis document are defined below and other words are defined in Sections 3, 11, 13, 18,20
<br />and 2I. Certain rules regarding the usage ofwords used in this document are also provided in Section 16.
<br />(A) "Securfly Instrument" means this document, which is dated January 24th 2003 ,togetherwith
<br />all Riders to this document.
<br />(B) `Borrower" is David L Christensen and Joanne A Christensen, as husband and wife
<br />Borrower is the trustor under this Security Instrument
<br />(C) "Lender" is United Nebraska Bank bender
<br />is aCorporation organized and existing under the laws of the State of Nebraska
<br />Lender's address is 700 North Webb Road Grand Island, NE 68803
<br />[ender 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 January 246, 2003 . The Note
<br />states that Borrower owes Lender Two Hundred'Phirty Thousand and 00 /100
<br />Dollars(U.S.$230,000.00___ )plus interest. Borrowerhas promised
<br />to pay this debt in regular Periodic Payments and to pay the debt in full not later that February 1, 2018 _.
<br />(F) "Property" means the property that is ducribcd below under the heading "Trumetcr 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 to this Security Instrument that arc executed by Borrower. The following Riders are to he
<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
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<br />[Space Above This Line For Recording Data
<br />DEED OF TRUST
<br />c?�
<br />DEFINITIONS
<br />Words used in multiple sections ofthis document are defined below and other words are defined in Sections 3, 11, 13, 18,20
<br />and 2I. Certain rules regarding the usage ofwords used in this document are also provided in Section 16.
<br />(A) "Securfly Instrument" means this document, which is dated January 24th 2003 ,togetherwith
<br />all Riders to this document.
<br />(B) `Borrower" is David L Christensen and Joanne A Christensen, as husband and wife
<br />Borrower is the trustor under this Security Instrument
<br />(C) "Lender" is United Nebraska Bank bender
<br />is aCorporation organized and existing under the laws of the State of Nebraska
<br />Lender's address is 700 North Webb Road Grand Island, NE 68803
<br />[ender 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 January 246, 2003 . The Note
<br />states that Borrower owes Lender Two Hundred'Phirty Thousand and 00 /100
<br />Dollars(U.S.$230,000.00___ )plus interest. Borrowerhas promised
<br />to pay this debt in regular Periodic Payments and to pay the debt in full not later that February 1, 2018 _.
<br />(F) "Property" means the property that is ducribcd below under the heading "Trumetcr 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 to this Security Instrument that arc executed by Borrower. The following Riders are to he
<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 />❑ Odrer(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 elfcctuflaw) as well as all applicable final, nun- appcalablejudicial opinions.
<br />(J) "Community Association Dues, Fees, and Assessments" means all dues, fees, assessments and other charges that are
<br />imposed on Borrower or tire Property by a condominium association, homeowners association or similar organization.
<br />(K) "Electronic Funds Transfer" means any transfer of funds, other that a transaction originated by check, draft, or
<br />similar paper instrument, which is initiated through an electronic terminal, telephonic instrument, computer, or, ma6metie 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 Section 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 ary part ofthe Property; (iii) conveyance in lieu ofcondemnation; or
<br />(iv) misrepresentations of,, or mnissions as to, the value and /or condition ofthe Property.
<br />(N) "Mortgage Insurance" means insurance protecting Lander 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 (it)
<br />any amounts under Section 3 ofthis Security Instrument
<br />(P) "BESPA" means the Real Estate Settlement Procedures Act (12 U.S.C. §2601 ct seq.) and its implementing regulation,
<br />Regulation X (24 C.P.R. Pan 3500), as they might be amended from time to time, or any additional or successor legislation
<br />NEBRASKA — SingleRn ily- Fannie Mae /Freddie Mael: NIFORM INSTRUMENT Fnrm3028 1 /01 /pngelnfRpnge,J
<br />9754 CV (11041 1643111
<br />
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