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WHEN RECORDED MAIL TO:
<br />Cornerstone Bank N.A.
<br />Aurora Facility
<br />120613th Street
<br />P.O. Box 386
<br />Aurora, NE 68818 -0386
<br />DEFINITIONS
<br />[Space Above This Line For Recording Data]
<br />DEED OF TRUST
<br />Words Used In mulibin sections of this document are defined below and odor words me opM1ned In Sections 3, 11, 13, 18, 20 and 21. Certain
<br />ruins rearming the usage of words used In this document are also provided in Section 16.
<br />(A) "Security Instrument" means this doourrrent, which is dated May 0, 2003, together with all Riders to Pro document.
<br />(B) "Borrower' is Ronald I Markus and Janet L. Markus': Husband and Wife Borrower is the truster under this Security Instrument
<br />(C) "Lender" Is Cornerstone Bank NA- Lender is a Corporation organized antl existing under the laws of Nebraska . Lender a address Is Aurora
<br />Facility, 1206 131h Street, P.O. Box 389, Aurora, HE 68818 -0386. Lender is the beneficiary under this Security Instrument.
<br />(D) "Trustee" is TIERONE BANK
<br />(E) "Note" r cans the promissory note Signed by Borrower and dated May 8. 2003. The Note states that Borrower owes Lender Seventy -nine
<br />Thousand & 00/100 Dollars (U.S. $!9,900.00) plus Interest. Borrower has promised to pay this debt in regular Pen'odlc Payments and to pay the
<br />debt in full not later than .tuna 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, plra interest, any prepayment charges and late charges due antler the Note, and all sums
<br />duo under this Security Instrument, plus Interval.
<br />(H) "Riders" means all Riders to this Security Instrument that arc executed by Borrower. The following Riders are to be executed by Borrower
<br />[check box as applicable].
<br />F1 Adrustable Rate Rider J Condominium Floor L Second Home Rider
<br />L Balloon Rider L Planned Unit Development Rider Other(s)[speehy)
<br />1 4 Family Hider L Rlweekly Payment Rider
<br />(1) "Applicable Law" means all controlling applicable federal, state and local statutes, regulations, ordinances and administmllve rules and
<br />orders (that have the effect of law) as well as all applicable final, torn - appealable judicial opinions.
<br />(J) "Community Association Dues, Fees, and Assessments" means all dues, fees, assessments and other charges that are imposed on
<br />Borrower or the Property by a condominium as's'ociation, homeowners association or similar organization.
<br />(K) "Electronic Funds Transfer" means any transfer at lands , other than a transaction originated by check, draft, or s'imilur paper instrument,
<br />whlnh Is initiated through an electrnnio terminal, telephonic instrument, computer, or magnetic tape so As to order, Inerrant, or authorize a financial
<br />Inetitution to debt or credit an account. Such term Includes, but Is not limited to, point of-sale transfers, automated teller machine transactions,
<br />transfers Initiated by telephone, wire, transfers and automated clearinghouse transfers.
<br />(L) "Escrow Items" means those Items that are described in Section 3.
<br />(M) "Miscellaneous Proceeds" memo any compensation sedlement, award of damages, or proceeds paid by any third party (other than
<br />Insurance proceeds paid under the coverages described In Seetleo 5) for (I) damage to or destruction of the Property , (7 condemnation or other
<br />taking of all or any part of the Property: (III) conveyance In lieu of condemnation', or yo) re's representations at, or omissions as to, the value and /or
<br />condition of the 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 due for (I) principal and interest untler the Note, plus (it) any amounts under
<br />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, Regulation X (24
<br />CF R. Part 3500), as they might be amended from time to time, or any additional or successor legislation or regulation that governs the. some
<br />sudjeel matter As used In this Security Instrument, "RESPA" refers to all repuiremen¢ and restrictions that are imposed in regard to a "federally
<br />related mortgage loan" even if the Loan does not qualify as a " federally related mortgage loan" under RESPA.
<br />(0) "Successor in Interest of Borrower" memo any party that has taken title to the Property, wbether or not that party has assumed Borrower's
<br />obligations under the Note and /or this Security Instrument,
<br />TRANSFER OF RIGHTS IN THE PROPERTY
<br />This Security Instrument secures to Lender: (I) the repayment of the Loan and all renewals, extensions and modifications of the Note', and (li) the
<br />pertormanoe of Borrower's covenants and agreements under this Security Instrument and the Note- For this purpose, Borrower irrevocably grants
<br />and conveys to Trustee, In trust, with power of sale, the following described property located in the County of Hall_
<br />Real Property tax identification rmucas Is 400141855.
<br />The South Twenty-five (25) feet of Lot Ten (10) and the North Fifty (50) feet of Lot Eleven (11), Wolfe's Subdivision, in the City
<br />of Grand Island. Hall County, Nebraska.
<br />which wnenfy has the address of 427 Kennedy Drive, Grand Island, Netnaska 98803 ('Property Address")_
<br />TOGETHER WITH all the Irnprovemenis now or hereafter erected on the property, and all Buse nyber. appurtenanoos, and fixtures now or
<br />hereafter a pnrt of the property. All replacenrents and additions shall also be covered by this Security Instrument, All of the foregoing is referred
<br />to n this S warty Instrument AS the "Property."
<br />NEBRASKA - Single Family- Fannie MaetFreddic Mac UNIFORM INSTRUMENT Form 30281/01
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<br />[Space Above This Line For Recording Data]
<br />DEED OF TRUST
<br />Words Used In mulibin sections of this document are defined below and odor words me opM1ned In Sections 3, 11, 13, 18, 20 and 21. Certain
<br />ruins rearming the usage of words used In this document are also provided in Section 16.
<br />(A) "Security Instrument" means this doourrrent, which is dated May 0, 2003, together with all Riders to Pro document.
<br />(B) "Borrower' is Ronald I Markus and Janet L. Markus': Husband and Wife Borrower is the truster under this Security Instrument
<br />(C) "Lender" Is Cornerstone Bank NA- Lender is a Corporation organized antl existing under the laws of Nebraska . Lender a address Is Aurora
<br />Facility, 1206 131h Street, P.O. Box 389, Aurora, HE 68818 -0386. Lender is the beneficiary under this Security Instrument.
<br />(D) "Trustee" is TIERONE BANK
<br />(E) "Note" r cans the promissory note Signed by Borrower and dated May 8. 2003. The Note states that Borrower owes Lender Seventy -nine
<br />Thousand & 00/100 Dollars (U.S. $!9,900.00) plus Interest. Borrower has promised to pay this debt in regular Pen'odlc Payments and to pay the
<br />debt in full not later than .tuna 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, plra interest, any prepayment charges and late charges due antler the Note, and all sums
<br />duo under this Security Instrument, plus Interval.
<br />(H) "Riders" means all Riders to this Security Instrument that arc executed by Borrower. The following Riders are to be executed by Borrower
<br />[check box as applicable].
<br />F1 Adrustable Rate Rider J Condominium Floor L Second Home Rider
<br />L Balloon Rider L Planned Unit Development Rider Other(s)[speehy)
<br />1 4 Family Hider L Rlweekly Payment Rider
<br />(1) "Applicable Law" means all controlling applicable federal, state and local statutes, regulations, ordinances and administmllve rules and
<br />orders (that have the effect of law) as well as all applicable final, torn - appealable judicial opinions.
<br />(J) "Community Association Dues, Fees, and Assessments" means all dues, fees, assessments and other charges that are imposed on
<br />Borrower or the Property by a condominium as's'ociation, homeowners association or similar organization.
<br />(K) "Electronic Funds Transfer" means any transfer at lands , other than a transaction originated by check, draft, or s'imilur paper instrument,
<br />whlnh Is initiated through an electrnnio terminal, telephonic instrument, computer, or magnetic tape so As to order, Inerrant, or authorize a financial
<br />Inetitution to debt or credit an account. Such term Includes, but Is not limited to, point of-sale transfers, automated teller machine transactions,
<br />transfers Initiated by telephone, wire, transfers and automated clearinghouse transfers.
<br />(L) "Escrow Items" means those Items that are described in Section 3.
<br />(M) "Miscellaneous Proceeds" memo any compensation sedlement, award of damages, or proceeds paid by any third party (other than
<br />Insurance proceeds paid under the coverages described In Seetleo 5) for (I) damage to or destruction of the Property , (7 condemnation or other
<br />taking of all or any part of the Property: (III) conveyance In lieu of condemnation', or yo) re's representations at, or omissions as to, the value and /or
<br />condition of the 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 due for (I) principal and interest untler the Note, plus (it) any amounts under
<br />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, Regulation X (24
<br />CF R. Part 3500), as they might be amended from time to time, or any additional or successor legislation or regulation that governs the. some
<br />sudjeel matter As used In this Security Instrument, "RESPA" refers to all repuiremen¢ and restrictions that are imposed in regard to a "federally
<br />related mortgage loan" even if the Loan does not qualify as a " federally related mortgage loan" under RESPA.
<br />(0) "Successor in Interest of Borrower" memo any party that has taken title to the Property, wbether or not that party has assumed Borrower's
<br />obligations under the Note and /or this Security Instrument,
<br />TRANSFER OF RIGHTS IN THE PROPERTY
<br />This Security Instrument secures to Lender: (I) the repayment of the Loan and all renewals, extensions and modifications of the Note', and (li) the
<br />pertormanoe of Borrower's covenants and agreements under this Security Instrument and the Note- For this purpose, Borrower irrevocably grants
<br />and conveys to Trustee, In trust, with power of sale, the following described property located in the County of Hall_
<br />Real Property tax identification rmucas Is 400141855.
<br />The South Twenty-five (25) feet of Lot Ten (10) and the North Fifty (50) feet of Lot Eleven (11), Wolfe's Subdivision, in the City
<br />of Grand Island. Hall County, Nebraska.
<br />which wnenfy has the address of 427 Kennedy Drive, Grand Island, Netnaska 98803 ('Property Address")_
<br />TOGETHER WITH all the Irnprovemenis now or hereafter erected on the property, and all Buse nyber. appurtenanoos, and fixtures now or
<br />hereafter a pnrt of the property. All replacenrents and additions shall also be covered by this Security Instrument, All of the foregoing is referred
<br />to n this S warty Instrument AS the "Property."
<br />NEBRASKA - Single Family- Fannie MaetFreddic Mac UNIFORM INSTRUMENT Form 30281/01
<br />Page t of 6
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