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(E) "Note" means the promissory note signed by Borrower and dated January 27th 2003 . The Note
<br />states that Borrower owes Lender Eightv Five 'I hour ind and 00 /100
<br />Dollars (U.S. $85,000.00 )pasinterest. Borrowerhas promised
<br />to pay this debt in regular Periodic Payments and to pay the debt in PoII not later than February 1, 2023
<br />(F) "Property" means the property that is described below wider 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 suns due under this Security Instrument, plus interest.
<br />(I) "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 />❑
<br />Po
<br />n ! _
<br />❑
<br />Condominium Rider
<br />❑
<br />c i n
<br />❑
<br />Planned Unit Development Rider
<br />❑
<br />2 A
<br />❑
<br />Biweekly Payment Rider
<br />ff
<br />!rr
<br />W:
<br />fiz
<br />f
<br />J
<br />Space Above This Line For Recording Data]
<br />DEED OF TRUST
<br />200301228
<br />DEFINITIONS
<br />Words used in multiple sections ofthis document are defined below and other words are defined in Sections
<br />3, 11, 13, 18,20
<br />and 21. Certain rules regarding die usage ofwords used in this document are also provided in Section 16.
<br />(A) "Security Instrument" means this document, which is dated January 27th 2003
<br />, togclherwidt
<br />all Riders to this document.
<br />(B) "Borrower" is Kent J. Wells and.leanine A. Wells, as husband and wife
<br />Borrower is the nustor under this Security Instrument.
<br />(C) "Lender" is United Nebraska Bank
<br />Lender
<br />is a Corporation organized mid 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" isUnitcd Nebraska Bank 700 North Webb Road Grand Island, NE 68803
<br />(E) "Note" means the promissory note signed by Borrower and dated January 27th 2003 . The Note
<br />states that Borrower owes Lender Eightv Five 'I hour ind and 00 /100
<br />Dollars (U.S. $85,000.00 )pasinterest. Borrowerhas promised
<br />to pay this debt in regular Periodic Payments and to pay the debt in PoII not later than February 1, 2023
<br />(F) "Property" means the property that is described below wider 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 suns due under this Security Instrument, plus interest.
<br />(I) "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 />❑
<br />Adjustable Rate Rider
<br />❑
<br />Condominium Rider
<br />❑
<br />Bslluun 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 />(I) "Applicable Law" nests all controlling applicable federal, state and local statutes, regulations, ordinances and
<br />administrative rules and orders (that have the effect oflaw) as well as all applicable final, non -appealablejudicial opinions.
<br />(J) "Community Association Dues, Fees, and Assessments" means all dues, fees, assessments mid other charges that are
<br />imposed on Borrower or the Property by a condominium association, homeowners association or similar organization.
<br />(K) "Electronic Fmlds 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 instrwnent, 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 -o& -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 arc 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: (it damage to, or destruction of,
<br />the Property, (ii) condemnation or other taking ofall or any part ofthe Property; (iii) conveyance in lieu ofeworri nation; 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 (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 et seq.) mid its implementing regulation,
<br />Regulation X (24 CL R. Part 3500), as they might he amended from time to time, or any additional or successor legislation
<br />NEBRASKA —Smglc FUmily— Fannie MWFreddie N1ar UNIFORM INSTRUMENT Form 3028 1 101 (page) f8 page,)
<br />9491 CV (INi) 1647114
<br />GO'T0 0004086)
<br />
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