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DEED OF TRUST
<br />DEFINITIONS
<br />Words used in multiple sections of this document are defined below and other words are defined in Sections 3,11,13, I8, 20
<br />and 21. Certain rules regarding the usage of words used in this document are also provided in Section 16.
<br />(A) "Security Instrument " means this document, which is dated February 24th 2003 ,tagetherwith
<br />all Riders In this document.
<br />(B) "Borrower" is Garry L Smith and Dorothy A Smith, husband and wife
<br />Borrower is the trusto, under this Security Instrument.
<br />(C) "Lender" is United Nebraska Bank . Lander
<br />is aCorporation _ _ 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 heneficierry under this Security Instrument.
<br />R)) "Trustee" is United Nebraska Bank 700 North Webb Road Grand Island, NE 68803
<br />(E) "Note" means the promissory now signed by Borrower and dated February 24th 2003 . The Nnte
<br />stales that Borrower owes Lender Sixty Three Thousand and 00 /100
<br />Dollars (U.S. $63,000.00 )plus interest. Borrowerhas promised
<br />to pay this debt in regular Periodic Payments and to pay the debt in fill] not later than March 1, 2013
<br />(F) "Property" means the property that is described below under the heading "Transfer of Rights in the Property."
<br />(G) "Load' 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 />(Ii) "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 />Balloon Rider
<br />❑
<br />Planned Unit Development Rider
<br />❑
<br />1 -4 Family Rider
<br />❑
<br />Biweekly Payment Rider
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<br />DEED OF TRUST
<br />DEFINITIONS
<br />Words used in multiple sections of this document are defined below and other words are defined in Sections 3,11,13, I8, 20
<br />and 21. Certain rules regarding the usage of words used in this document are also provided in Section 16.
<br />(A) "Security Instrument " means this document, which is dated February 24th 2003 ,tagetherwith
<br />all Riders In this document.
<br />(B) "Borrower" is Garry L Smith and Dorothy A Smith, husband and wife
<br />Borrower is the trusto, under this Security Instrument.
<br />(C) "Lender" is United Nebraska Bank . Lander
<br />is aCorporation _ _ 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 heneficierry under this Security Instrument.
<br />R)) "Trustee" is United Nebraska Bank 700 North Webb Road Grand Island, NE 68803
<br />(E) "Note" means the promissory now signed by Borrower and dated February 24th 2003 . The Nnte
<br />stales that Borrower owes Lender Sixty Three Thousand and 00 /100
<br />Dollars (U.S. $63,000.00 )plus interest. Borrowerhas promised
<br />to pay this debt in regular Periodic Payments and to pay the debt in fill] not later than March 1, 2013
<br />(F) "Property" means the property that is described below under the heading "Transfer of Rights in the Property."
<br />(G) "Load' 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 />(Ii) "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 />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) [specify]
<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) "Comm unity Association Dues, Fees, and Assessments" towns all dues, 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 funds, other than a transaction originated by check, draft, or
<br />similar paper instrument, which is initiated through an electronic terminal, telephonic instrurnent, compuluq 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 -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 />parry (other than insurance proceeds paid under the coverages described in Section 5) for (i) damage to, or destruction of,
<br />the Property; (it) condemnation or other taking of all or any part of the Property; (iii) conveyance in lieu of condemnation; or
<br />(iv) misrepresentations of, or omissions as to, the value mid /or condition of the Property.
<br />(N) "Mortgage Insurance" means insurance protecting Lender against are nonpayment of, or default on, the Low).
<br />(0) "Periodic Payment" means the regularlyscheduled amount due for principal and interest under the Note, plus (i1)
<br />any amounts under Section 3 of this Security Instrument.
<br />(P) "RESPA" means are Real Estate Settlement Procedures Act (12 U.S.C. §2601 et seq.) and its implementing regulation,
<br />Regulation X(24C.F.R. Part 3500), as they might be amended from time to time, or any additional or successor legislation
<br />NEBRASKA — .Single Family — Fannie Maellreddie Mac UNIFORM INSTRUMENT Form D02a 1/01 (p,e1 f8PaBrs)
<br />9]54 CV (1,02) 1661008
<br />6010,0004450)
<br />
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