|
Borrower is the trustor 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 />I ender'. 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 />(F) "Note" means the promissory note signed by Borrower and dated January 29th 2003 . The Note
<br />states that Borrower owes Lender Ninety Two'Ll ousand and 00 /100
<br />Dollars (U.S, $92,000.00 )plusinterest Borrowerhaspromised
<br />to pay this debt in regular Periodic Payments and to pay the debt in full not later than March 1, 2018
<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, anyprepayment charges and late charges due under the
<br />Note, and all sums due under this Security Instrument, plus interest.
<br />(f3) "Riders" means all Riders to this Security Instrument that are executed by Borrower. The following Riders are to be
<br />exceuted by Burrower [check box as applicable]:
<br />❑
<br />A n
<br />m =
<br />❑
<br />Condominium Rider
<br />❑
<br />m
<br />❑
<br />Planned Unit Development Rider
<br />❑
<br />1 -4 Pamily hider
<br />❑
<br />Biweekly Payment Rider
<br />Ti
<br />N
<br />[Space Above This Line For Recording Data
<br />m
<br />Cn
<br />U
<br />0
<br />DEED OF TRUST(
<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 21. Certain rules regarding the usage ofwords used in this document are also provided in Section 16.
<br />(A) "Security Instrument" means this document, which is dated January 29th 2003
<br />togetherwith
<br />all Riders to this document.
<br />(B) "Borrower" is Clifford W. Underwood and Sherrie S. Underwood, husband and wife
<br />Borrower is the trustor 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 />I ender'. 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 />(F) "Note" means the promissory note signed by Borrower and dated January 29th 2003 . The Note
<br />states that Borrower owes Lender Ninety Two'Ll ousand and 00 /100
<br />Dollars (U.S, $92,000.00 )plusinterest Borrowerhaspromised
<br />to pay this debt in regular Periodic Payments and to pay the debt in full not later than March 1, 2018
<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, anyprepayment charges and late charges due under the
<br />Note, and all sums due under this Security Instrument, plus interest.
<br />(f3) "Riders" means all Riders to this Security Instrument that are executed by Borrower. The following Riders are to be
<br />exceuted by Burrower [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 Pamily hider
<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, non- appealable judicial opinions.
<br />(J) "Comm unity Association Dues, Fees, a ad Assessments" means all does, 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 any transfer of finds, other than a Transaction originated by check, draft, or
<br />similar paper instrument, which is initiated through an electronic terminal, telephonic instrument, computer, or rimpelic tape
<br />so as to order, instruct, or malummizc 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 drat are described in Section 3.
<br />(M) "Miscellaneous Proceeds" means any compensation, settlement, award of damages, or proceeds paid by arty third
<br />parry (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 ofewndemnation; or
<br />(iv) misrepresentations of, or omissions as to, the value and/or condition of the Property.
<br />(N) "Mortgage Insurance" means insurance protecting Lender against the nonpayment of, or detault on, the Loan.
<br />(0) "Periodic Payment" m cans the rcgulmlyscheduled amount due for(i) principal and interest under die 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.) and its implementing regulation,
<br />Regulation X (24 C.F.R. Pail 3500), as they might be amended from time to time, or any additional or successor legislation
<br />NEORA.SKA— Single Family--Fannie Mae /Freddie )tae U N I FORM INN 'I HUMEN'I F"rn,3028 1101 (pngel ufBV��Xr'�l
<br />9753 11 lit) IH7S6
<br />GU11 (1111VI I)
<br />
|