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DEFINITIONS
<br />Words used in multiple sections ofthis document are defined below and other words are defined in Sectioas3, 1 I, 13, 19, 20
<br />and 21. Certain rules regarding die usage of words used in this document are also provided in Section 16.
<br />(A) "Security Instrument" means this document, which is dated March 13th 2003 ,togetherwith
<br />all Riders to this document.
<br />(B) "Borrower" is Douglas M. Westerby and Victoria Westerby, as husband and wife
<br />Borrower is the tmstor under this Security Instrument
<br />(C) "Leader" is United Nebraska Bank . Icoder
<br />is a Corporation organized and existing under the laws oft_h_e 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 March 13th 2003 . The Note
<br />states that Borrower owes Lender One Hundred Seventy Two Thousand and 00 /100
<br />Dollars (U.S. $172,000.00 )plus interest. Borrower has promised
<br />to pay this debt in regular Periodic Payments and to pay the debt in fill not later than April 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, 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 />❑
<br />Balloon Rider
<br />❑
<br />Planned Unit Development Rider
<br />❑
<br />I.4 Family Rider
<br />❑
<br />Biweekly Payment Rider
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<br />DEED OF TRUST
<br />DEFINITIONS
<br />Words used in multiple sections ofthis document are defined below and other words are defined in Sectioas3, 1 I, 13, 19, 20
<br />and 21. Certain rules regarding die usage of words used in this document are also provided in Section 16.
<br />(A) "Security Instrument" means this document, which is dated March 13th 2003 ,togetherwith
<br />all Riders to this document.
<br />(B) "Borrower" is Douglas M. Westerby and Victoria Westerby, as husband and wife
<br />Borrower is the tmstor under this Security Instrument
<br />(C) "Leader" is United Nebraska Bank . Icoder
<br />is a Corporation organized and existing under the laws oft_h_e 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 March 13th 2003 . The Note
<br />states that Borrower owes Lender One Hundred Seventy Two Thousand and 00 /100
<br />Dollars (U.S. $172,000.00 )plus interest. Borrower has promised
<br />to pay this debt in regular Periodic Payments and to pay the debt in fill not later than April 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, 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 />❑
<br />Balloon Rider
<br />❑
<br />Planned Unit Development Rider
<br />❑
<br />I.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 />(.1) "Community Association Dues, Fees, and Assessments" mews all due., fees, assessments andodlercharges thatme
<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 instrmnent, computer, ormagnetic 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 ofdamages, Or proceeds paid by any third
<br />party (other than insurance proceeds paid under the coverages described in Section 5) far: (i) damage to, or destruction of,
<br />the Property; (ii) condemnation mr 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 and/or condition of the Property.
<br />(N) "Mortgage Insurance" means insurance protecting Lander against the nonpayment of, or default on, the Loan.
<br />(0) "Periodic Payment" means the regularly scheduled mount due for principal and interest under the Note, plus (ii)
<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 implementingre6vlation,
<br />Regulation X (24 C.F.R. Pan 3500), as they might be amended firm time to time, or any additional or successor legislation
<br />NEBRASKA Single Family — Fannie Mae /Freddie Mac UNIFORM INSTRUMENT Fsrm3028 1/01 rpnge / o/8page,)
<br />9754.CV(1/02) IM6714
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