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(1) "Applicable Law^ means all controlling applicable federal, state and local statutes, regulations, ordinances and
<br />administrative rules mid orders (that have the effect of law) as well as all applicable final, non- appealablejudicial opinions.
<br />(3) "Community Association Dues, Fees, and Assessments" means all dues, fees, assessments and other charges thatare
<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 instrument; computer, 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 />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 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 die 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 mount due for (i) principal and interest tinder 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.) mid its implementingregulatiou,
<br />Regulation X (24 C.F.R. Part 3500), as they might be amended from time to time, or any additional or successor legislation
<br />N ERRASKA- Single ramity- Fannie Mae/Freddie Mac UNIFORM INSTRUMENT Form3029 1101 (pogel nfR pages)
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<br />DEED OF TRUST A—
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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, 11, 13,18, 20
<br />and 21. Certain rules regarding the usage ofwords used in this document are also provided in Section 16.
<br />(A) "Security Inslrumenf means this document, which is dated April 25th 2003 ,nigetherwith
<br />all Riders to this document.
<br />(B) "Borrower" is Paul D. Lee and Kayleen M. Lee, as husband and wife
<br />Borrower is the truster under this Security Instrument.
<br />(C) "Lender' is United Nebraska Bank . Lender
<br />is a Corporation organized and existing under the laws of the State of Nebraska
<br />Lender's address is 700 North Webb Road Grand Island, NF. 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 mid dated April 25th 2003 The Note
<br />states that Borrower owes Lender Fifty Five Thousand and 00 /100
<br />Dollars (U.S. $55,000.00 ) plus interest Borrowerhaspromised
<br />to pay this debt in regular Periodic Payments and to pay the debt in full not later than May 1, 2013 _
<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 />(R) "Riders" means all Riders to this Security Instrument that are executed by Borrower. The following Riders we to be
<br />executed by Borrower [check box as applicable]:
<br />❑ Adjustable Rate Rider ❑ Condominium Rider ❑ Second Home Rider
<br />❑ Balloon Rider ❑ Planned Unit Development Rider ❑ Other(s) [specify]
<br />❑ I- 4Family Rider ❑ Biweekly Payment Rider
<br />(1) "Applicable Law^ means all controlling applicable federal, state and local statutes, regulations, ordinances and
<br />administrative rules mid orders (that have the effect of law) as well as all applicable final, non- appealablejudicial opinions.
<br />(3) "Community Association Dues, Fees, and Assessments" means all dues, fees, assessments and other charges thatare
<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 instrument; computer, 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 />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 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 die 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 mount due for (i) principal and interest tinder 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.) mid its implementingregulatiou,
<br />Regulation X (24 C.F.R. Part 3500), as they might be amended from time to time, or any additional or successor legislation
<br />N ERRASKA- Single ramity- Fannie Mae/Freddie Mac UNIFORM INSTRUMENT Form3029 1101 (pogel nfR pages)
<br />0754 CV (1/02) Wfi Iln
<br />OOTO(OWddfna)
<br />
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