|
C: rn 2
<br />C
<br />rn N N -: c..a O
<br />OC
<br />p
<br />o T O�'
<br />W
<br />O
<br />L`1
<br />C In
<br />U is :Z-3 °N
<br />r g
<br />-- Oep
<br />N
<br />Z
<br />ISpacc Above This Line For Recording Dotal O
<br />DEED OF TRUST
<br />DEFINII'tONS
<br />Words used in multiple sections of this drwument are defined below and other wards are defined in Seetlots3,11, l3, l8, 20
<br />and 21. Certain rules regarding the usage of words used in this document are also provided in Section 16.
<br />(A) `Security Inst rument ' means this document, which is dated April 25th , 2003 ,togethirovith
<br />all Riders to this document.
<br />(R) `Borrower" is Micah T. Young and Nora M. Young, husband and wife, as Joint tenants with right of
<br />survivorship
<br />Borrower is the trustor under this Security Instrument.
<br />(C) "Lender" is First Independent Residential Mortgage, Inc. . Lender
<br />is Corporation organized and existing wider the laws of the Stale of Nebraska -
<br />Lender's address is 8025 Maple Street, Omaha, NE 68134
<br />Lender is the beneficiary under this Security Instrument.
<br />(D) "Trustee" is _ First National Rank of Omaha, 1620 Dodge Street, Omaha, NE 68102
<br />(E) "Note" means the p ... a my note signed by Borrower and dated April 25th 2003 . The Note
<br />states that Borrower owes Iznder Sixty Nioe Thousand Eight Hundred Twenty Five and 00 /100
<br />Dollars (U.S.$ 69.82500 ) plus interest Borrower has promised
<br />to pay this debt in regular Periodic Payments and to pay the debt in hill not later than May 1, 2033
<br />(F) "Property" means the property that is described below under the heading — transfer of Rights in the Prperry."
<br />(C) "Loan" means the debt clidenced by the Note, plus interest, any prepayment charges and late charges due under the
<br />Vote, and all sums due under this Security Instrument, plus interest.
<br />(11) " 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 hider
<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 havethe cffem oflaw) as well as all applicable final, non - appealable judicial opinions.
<br />(J) "Community Association Dues, Nees, and Assessments" mewls all dues, fees, assessments and other charges that we
<br />imposed on Borrower or the Property by a condominium association, homeowners association or similar organization.
<br />(K) "Electronic Funds 'Transfer" means arty transfer of Nods, other than a transaction originated by check, draft, or
<br />similar paper instrument, which is initiated through an electronic terminal, telephonic instrument, computer, or magnetic tape
<br />soastoordeninstruct,urauthorize afinancial institution mdcbitmrcreditan account. Such term includes, but is not limited
<br />to, point -of=sale transfers, automated teller )achine 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 ofdwnages, 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 other taking ofall or anypart ofthe Property; (iii) conveyance in lieu of'eondenmanon; or
<br />(iv) misrepresentations of, or omissions as to, the value and/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 regularly scheduled amount (Inc for (i) principal and interest under the Note, plus (n)
<br />mry amounts under Section 3 of this Security Instrument.
<br />(P) "RESPA" means the Real Estate Settlement Procedures Act (12 U.S.C. §2601 at seq.) and its implementing regulation,
<br />Regulation X (24 C.F.R. PmY 3500), as they might be amended front time to time, or any additional or successor legislation
<br />NF.RRASKA Single Family— Fannit, Mw/F'reddie Mae UNIFORM INSTRUMENT Form3028 UUI (iagelnfRpage.J
<br />0]54('1(1111111) T l)
<br />5O(00021811)
<br />
|