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<br />DEED OF TRUST
<br />200301622
<br />C
<br />DEFINITIONS
<br />Words used in multiple sections ofthis document are defined below and other words are defined in Sections 3, 11, L3,18,20
<br />and 2 L Certain rules regarding the usage ofwords used in this document are also provided in Section 16.
<br />(A) "Seen rity Iastru men I" means this document, which is dated February 3rd 2003 ,togetherwith
<br />all Riders to this document.
<br />(B) "Borrower' is Scott J. Rezac and Traci L. Rezac, as husband and wife
<br />Borrower is the traitor under this Security Instrument.
<br />(C) "Lender is United Nebraska Bank . Lender
<br />is aCorporation _ — organized and existing under the laws of the State of Nebraska
<br />.
<br />Leader's address is 700 North Webb Road Grand Island, NE 68803
<br />Lender is the beneficiary under this Security Instrument.
<br />(D) "Trustee" isUnited Nebraska Bank 700 North Webb Road Grand Island, NE 68803
<br />(E) "Note" means the promissory note signed by Borrower and dated February 3rd 2003 The Note
<br />slates that Borrower owes Lender One Hundred Thousand and 00 /100
<br />Dollars III .S. $100,000.00 ) plus interest Borrowerhas promised
<br />to pay this debt in regular Periodic Payments and to pay the debt in hill not later than March 1, 2033
<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 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 />Balloon Rider
<br />❑
<br />Planned Unit Development Rider
<br />❑
<br />1 -4 Family Rider
<br />❑
<br />Biweekly Paynient 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) "Community Association Dues, Fees, and Assessments" means all dues, fees, assessments andotherchargesdiatare
<br />imposed on Burrower or the Property by a condominium association, homeowners association or similar organization.
<br />(J) "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 instrumem, computer, or magnetic tape
<br />so as to order, instruct, or auttoriac a financial institution to debit or credit an account. Such term includes, but is not limited
<br />n1, 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 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 ether taking of al] or any put of the Property, (iii) cunveyancc in lieu of eundernnation; 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 default on, the Loan.
<br />(0) `Periodic Payment" means the regularly scheduled amount due for principal and interest under the Note, plus (h)
<br />any amounts under Scctiun 3 of this Security Instrument.
<br />(P) "RESPA" means the Real Estate Settlement Procedures Act(12 ILS.C. §2601 eL say.) and iU impluncniing regulation,
<br />Regulation X (24 C 1 K_ Part 3500), as they might be amended from time to time, or any additional or successor legislation
<br />NEBRASKA— Singletauny— Fannie Mac /Freddie Mec UNIFORM ISSTRUM ENT Fnrm3028 I /01 (pngeln /Apogee)
<br />9]59CV(Irn 1650415
<br />fr) m(anoal M)
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