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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, 1 I, 13, 18,20
<br />and 21. Certain rules regarding the usage ofwords used in this document are also provided in Section 16.
<br />(A) "Seen try Instrument" means this document. which is dated February 12th 2003 ,togetherwith
<br />all Riders to this document.
<br />(B) `Borrower" is Lavelle Mary Mason, a single person_
<br />Borrower is the truster under this Security Instrument.
<br />(C) "Lender" is [Jailed Nebraska Bank . Lender
<br />isa 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 />Lender 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 February 12th 2003 . TheNote
<br />states that Borrower owes Lender Fifty Seven 'I housand and 00 /100
<br />__ Dollars (U.S. $57.000.00 ) plus interest. Borrower has promised
<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 die 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 />(11) "Riders" means all Riders to this Security Instrument that ore executed by Borrower. The following Riders are to be
<br />executed by Borrower [check box as applicable]:
<br />❑
<br />Adjustable Rate Rider
<br />M n
<br />M on
<br />Condominium Rider
<br />❑
<br />Exllcon Rider
<br />❑
<br />Planned Unit Development Rider
<br />❑
<br />1 -4 Family Rider
<br />r on N
<br />Biweekly Payment Rider
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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, 1 I, 13, 18,20
<br />and 21. Certain rules regarding the usage ofwords used in this document are also provided in Section 16.
<br />(A) "Seen try Instrument" means this document. which is dated February 12th 2003 ,togetherwith
<br />all Riders to this document.
<br />(B) `Borrower" is Lavelle Mary Mason, a single person_
<br />Borrower is the truster under this Security Instrument.
<br />(C) "Lender" is [Jailed Nebraska Bank . Lender
<br />isa 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 />Lender 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 February 12th 2003 . TheNote
<br />states that Borrower owes Lender Fifty Seven 'I housand and 00 /100
<br />__ Dollars (U.S. $57.000.00 ) plus interest. Borrower has promised
<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 die 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 />(11) "Riders" means all Riders to this Security Instrument that ore 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 />Exllcon 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 />(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- appealablejudicial opinions.
<br />(d) "Community Association Dues, Fees, and Assessments" means all dues, fees, saxessments and other charges thatare
<br />imposed on Borrower or the Property by a condominium association, homeowners association or similar organization.
<br />DR) "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 clectrunicterminal, telephonicinstmmeni emnhputer,onnapieticmpe
<br />so as to order, instruct, or authorize a financial institution to debitor credit an account. Such tern) 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 of-damages, or proceeds paid by any third
<br />party (other dam insurance proceeds paid under the coverages described in Section 5) for (i) damage to, or destruction a(
<br />the Property, (ii) condemnation or other taking of all or any part of the Property; (iii) conveyance in I an of condemnation; or
<br />(iv) misrepresentations of, or omissions as to, the value mid /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 regularlyscheduled amount due for (it principal and interest under the Note, plus (l)
<br />any amounts under Section 3 of this 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. Pao 3500), as they might be amended frorn time to time, or any additional or successor legislation
<br />NERRASKA- Single Yamily-F annie MaelF'eddie Mae I INIFORM INSTRIIM ENT Form 3028 1 /01 (page l ofdpag J
<br />9751 CV (1102) 1652195
<br />GOTO(0004241b)
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