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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, 18, 20 and 21.
<br />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 MAY 1 5 2 0 0 3 together with all Riders to this
<br />document.
<br />(B) "Borrower" is STANLEY P. MOREN0 AND dANIC[ K. RH0ADES. SINGLE P E R S 0 N 5
<br />Borrower is the trustor under this Security Instrument.
<br />(C) "Lender" Is F I R S T N A I 1 0 N A I B A N K . Lender is a
<br />this Security Instrument.
<br />(D) "Trustee "is W AIA
<br />V "Note" means the
<br />rower owes Lender _
<br />Borrower and dated
<br />Borrower has promised to pay this debt in regular Periodic ayments
<br />The Note stales that
<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 Note, and
<br />all sums due under this Security Instrument, plus Interest.
<br />2111) "Riders" means all Riders to this Security Instrument that are executed by Borrower. The following Riders are to be executed by
<br />orrower (check box as applicable]:
<br />OAtllustable Rate Rider O Condominium Rider
<br />L1 Balloon Ritler O Planned Unit Development Rider
<br />O 1 -4 Family Rider O Biweekly Payment Rider
<br />O Second Home Rider
<br />O Others) [specify]
<br />(1) "Applicable Law" means all controlling applicable federal, state and local statutes, regulations, ordinances and administrative
<br />rules and orders (that have the effect of law) as well as all applicable final, non - appealable judicial opinions.
<br />(J) "Community Association Dues, Fees and Assessments" means 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 similar paper
<br />instrument, which is initiated through an electronic terminal, telephonic instrument, computer, or magnetic tape so as to order,
<br />instruct, or authorize a financial institution to debit or credit an account. Such term includes, but is not limited to, point -of-sale
<br />transfers, automated teller machine transactions, transfers initiated by telephone, wire transfers, and automated clearinghouse
<br />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 party
<br />(other than insurance proceeds paid under the coverages described in Section 5) for: (i) damage to, or destruction of, the Property;
<br />(it) condemnation or other taking of all or any part of the Property; (iii) conveyance In lieu of condemnation; or (iv) misrepresentations
<br />of, or omissions as to, the value and /or 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 under the Note, plus (it) any
<br />amounts under Section 3 of this Security Instrument.
<br />(P) "RESPA" means the Real Estate Settlement Procedures Act (12 U.S.C. § 2601 at &FU) and its implementing regulation,
<br />iiiiegulation X (24 C.F.R. Part 3500), as they might be amended from time to time, or any additional or successor legislation or
<br />regulation that governs the same subject matter, As used in this Security Instrument, "RESPA" refers to all requirements and
<br />restrictions that are imposed in regard to a "federally related mortgage loan" even it the Loan does not qualify as a "federally related
<br />mortgage loan" under RESPA.
<br />(D) "Successor In Interest of Borrower" means any party that has taken title to the Property, whether or not that party has
<br />assumed Borrower's obligations under the Note and /or this Security Instrument.
<br />AFTER RECORDING RETURN TO:
<br />FIRST NATIONAL BANK
<br />M OR I G A G F LOAN DEPARTMENT
<br />P.O. BaX 10
<br />NORTH PLATTE. NE 691 03
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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, 18, 20 and 21.
<br />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 MAY 1 5 2 0 0 3 together with all Riders to this
<br />document.
<br />(B) "Borrower" is STANLEY P. MOREN0 AND dANIC[ K. RH0ADES. SINGLE P E R S 0 N 5
<br />Borrower is the trustor under this Security Instrument.
<br />(C) "Lender" Is F I R S T N A I 1 0 N A I B A N K . Lender is a
<br />this Security Instrument.
<br />(D) "Trustee "is W AIA
<br />V "Note" means the
<br />rower owes Lender _
<br />Borrower and dated
<br />Borrower has promised to pay this debt in regular Periodic ayments
<br />The Note stales that
<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 Note, and
<br />all sums due under this Security Instrument, plus Interest.
<br />2111) "Riders" means all Riders to this Security Instrument that are executed by Borrower. The following Riders are to be executed by
<br />orrower (check box as applicable]:
<br />OAtllustable Rate Rider O Condominium Rider
<br />L1 Balloon Ritler O Planned Unit Development Rider
<br />O 1 -4 Family Rider O Biweekly Payment Rider
<br />O Second Home Rider
<br />O Others) [specify]
<br />(1) "Applicable Law" means all controlling applicable federal, state and local statutes, regulations, ordinances and administrative
<br />rules and orders (that have the effect of law) as well as all applicable final, non - appealable judicial opinions.
<br />(J) "Community Association Dues, Fees and Assessments" means 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 similar paper
<br />instrument, which is initiated through an electronic terminal, telephonic instrument, computer, or magnetic tape so as to order,
<br />instruct, or authorize a financial institution to debit or credit an account. Such term includes, but is not limited to, point -of-sale
<br />transfers, automated teller machine transactions, transfers initiated by telephone, wire transfers, and automated clearinghouse
<br />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 party
<br />(other than insurance proceeds paid under the coverages described in Section 5) for: (i) damage to, or destruction of, the Property;
<br />(it) condemnation or other taking of all or any part of the Property; (iii) conveyance In lieu of condemnation; or (iv) misrepresentations
<br />of, or omissions as to, the value and /or 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 under the Note, plus (it) any
<br />amounts under Section 3 of this Security Instrument.
<br />(P) "RESPA" means the Real Estate Settlement Procedures Act (12 U.S.C. § 2601 at &FU) and its implementing regulation,
<br />iiiiegulation X (24 C.F.R. Part 3500), as they might be amended from time to time, or any additional or successor legislation or
<br />regulation that governs the same subject matter, As used in this Security Instrument, "RESPA" refers to all requirements and
<br />restrictions that are imposed in regard to a "federally related mortgage loan" even it the Loan does not qualify as a "federally related
<br />mortgage loan" under RESPA.
<br />(D) "Successor In Interest of Borrower" means any party that has taken title to the Property, whether or not that party has
<br />assumed Borrower's obligations under the Note and /or this Security Instrument.
<br />AFTER RECORDING RETURN TO:
<br />FIRST NATIONAL BANK
<br />M OR I G A G F LOAN DEPARTMENT
<br />P.O. BaX 10
<br />NORTH PLATTE. NE 691 03
<br />NEaaASRA- Single RTlly -Rink MeeJFttEtlN Mac UNIFORM INSTRUMENT Po,m 0028 1N1 Ipagv 101 T pascal
<br />3019 NE nor 1N1 PUI
<br />
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