|
DEFINITIONS
<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 />mid 21. Certain rules regarding the usage of words used in this document are also provided in Section 16.
<br />(A) "See a rity l n st ru men l" means this document, wh ich is dated January 16th 2003 ,togutherwith
<br />all Riders to this document.
<br />(B) "Doi rower" is Patrick C. Larson and Alison M. Larson, husband and wife
<br />Borrower is the trust., under this Security Instrument.
<br />(C) "Lender" is United Nebraska Bank _ _ . Lender
<br />is a Corporation 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 />Iznder 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 firth 2003 The Note
<br />slate. that Borrower owes Lender Seventy Five Thousand Seven Hundred and 00 /100
<br />Dollars B 1.S. 875,700.00 )plus interest Borrower has promised
<br />to pay this debt in regular Periodic Payments and to pay the debt in hill not later than February 1, 2023
<br />(F) "Property" meats the property that is described below under the heading "Transfer of Rights in the Property."
<br />(G) "Load' morns 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" memhs 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 />❑
<br />Adjustable Rate Rider
<br />❑
<br />A n n
<br />ra
<br />❑
<br />Balloon Rider
<br />❑
<br />Planned Unit Development Rider
<br />❑
<br />1 -4 Family Rider
<br />❑
<br />Biweekly Payment Rider
<br />Win=
<br />nnZ
<br />th
<br />$pJ
<br />z ti
<br />N
<br />Via
<br />n
<br />(
<br />u
<br />N
<br />N
<br />O
<br />�aa
<br />[Space Above This Line For Recording Datal
<br />w
<br />DEED OF TRUST
<br />200301162
<br />DEFINITIONS
<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 />mid 21. Certain rules regarding the usage of words used in this document are also provided in Section 16.
<br />(A) "See a rity l n st ru men l" means this document, wh ich is dated January 16th 2003 ,togutherwith
<br />all Riders to this document.
<br />(B) "Doi rower" is Patrick C. Larson and Alison M. Larson, husband and wife
<br />Borrower is the trust., under this Security Instrument.
<br />(C) "Lender" is United Nebraska Bank _ _ . Lender
<br />is a Corporation 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 />Iznder 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 firth 2003 The Note
<br />slate. that Borrower owes Lender Seventy Five Thousand Seven Hundred and 00 /100
<br />Dollars B 1.S. 875,700.00 )plus interest Borrower has promised
<br />to pay this debt in regular Periodic Payments and to pay the debt in hill not later than February 1, 2023
<br />(F) "Property" meats the property that is described below under the heading "Transfer of Rights in the Property."
<br />(G) "Load' morns 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" memhs 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 />❑
<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) (specity)
<br />(1) "Applicable Law" means all controlling applicable federal, state and local statutes, regulations, ordinances mid
<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 un 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
<br />similar paper instrument, which is initiated through an electronic terminal, telephonic instrument, computer, or magnetic [ape
<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 -o Gsale Iran lei-,, automated letter 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 of damages, 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 ofthe Property; (ii) conveyance in lieu of condemnation; or
<br />(iv) misrepresentations of, or omissions as to. the value and /or condition ofthe 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 (it principal and interest under the Note, plus(i)
<br />any amounts under Section 3 ofthis Security Instrument.
<br />(P) "RESPA" means the Real L'state 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 at successor legislation
<br />NEBR4SK4- -Su,ac Femlly— Faault'. Mac /FrNtlly Hoe UNIFORM INS IRUME'N'I Porm3028 1 /01 (pnyefaf8pnges)
<br />9.54 CV (1 /02) 1641802
<br />GOTO(0003fl52)
<br />Vi5,2X3F
<br />
|