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<br />v- DEED OF TRUST
<br />DEFINITIONS
<br />20030"x023
<br />Words used in multiple sections of this docurneut are defined below and other words are defined in Sections 3, 11, 13, 18, 20
<br />and 21. Certain rules regarding the usage of words used in [his document are also provided in Section 16.
<br />(A) "Security Instrument" moans this document, which is dated .......................0.6, 11NO, 0 ,3,,,,,,,,,,,................., together
<br />with all Riders to this document. H_. 6.-c4 4 L.J {e
<br />(B) "Borrower" is JAMES.G,.GRAMSF and ILA. M,.ORAMSI,.• ...... ............. .........._....... ................
<br />...................
<br />....................................................................................................... ............................... .
<br />Borrower is the truslor under this Security Instrument.
<br />(C) "Lender" is HeIt @ge Bank .... ............... .. ......................... .. .......... ... ..... ... .. ........... .
<br />Lender is a .... ..... ................... ....... . ...... organized and existing under
<br />the laws of .Wo.Mteof NehW3kB ........... ............................... Lender's address is ..1,3,3,0. Ner1b.W @G.b R @gd, R;O,.Opx 5138,,,
<br />Grand Island, NF. 68802 ..... ......... ............ ................ ........... .
<br />Lender is the beneficiary under this Security Instrument.
<br />(D) Trustee' is Heritage Bank 13.33 N. Webb Road Grand Island,, NE 688625138. ,,,.,.. ..... , ...
<br />(E) Note' means the promissory note signed by Borrower and dated 90:0.2:2003 ,.... ...... ...... The
<br />Note states that Borrower owes Lender IWBnIYAORsend two. hundred fourteen and. 501. 10. 0 .................... ...............................
<br />..... ........ ....._ Dollars (U. S. $ .20,21450.......... ...I plus interest. Borrower has promised to
<br />..............
<br />pity this debt in regular Periodic Payments and to pay the debt in full not later than ............ ......_06:022098.. ...........
<br />......, ........... ......... 1 ............... ..............................
<br />..,. ......... ........... .
<br />(F) "Property" meaus the properly that is described below under the heading "Transfer of Rights in the Propeny."
<br />(G) "Loan" means the debt evidenced by the Note, plus interest, any prepayment charges and late charges due under the Note,
<br />and all sums due under this Security Instrumem, plus interest.
<br />(IT) "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 />❑ Adjustable Rate Rider ❑ Condominium Rider ❑ Second Home Rider
<br />❑ Balloon Rider ❑ Planned Unit Development Rider ❑ OLher(s) [specify] ._ ....................
<br />® 1 -4 Family Rider ❑ Biweekly Payment Rider
<br />(I) "Applicable Lew" 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 - appealable judicial opinions.
<br />(J) "Community Association Dues, Fees, and Assessments" means all dues, fees, assessmems and other charges that are
<br />imposed on Borrower or the Property by a condo ninium 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
<br />paper instrument, which is initiated through an electronic terminal, telephonic instrument, computer, or magnetic tape so as to
<br />order, instruct, or authorize a financial institution to debit or credit an account, Such tent includes, but is net limited m,
<br />point -of -sale transfers, automated teller machine Iransacliore, trawlers initiated by telephone, wire transfers, and automated
<br />clearinghouse transfers.
<br />(L) "Escrow Items" means those items that are described in Section 3.
<br />(M) "Miscellimeoua Proceeds" means any compensation, seltlernem, award of damages, or proceeds paid by any third party
<br />(other than insurance proceeds paid under the coverages described in Section 5) foe (i) damage to, or destruction of, the
<br />Properly; (ii) condemnation or other taking of all or any parr of the Property; (ii) conveyance in lieu of condemnation; or (iv)
<br />misrepresentations of, or omissions as lo, the value and /or erudition 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 et seq.) and its implementing regulation,
<br />Regulation X (24 C.F.R. Pan 35W), 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 if the Loan does not qualify as a "federally
<br />related mortgage Iona" under RESPA.
<br />(Q) "Successor in Interest of Borrower" means any party the[ 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 />Form 3028 lint
<br />NEBRASKA —Sunk F, ... —F,u.i. Mae /Freddie Mac UNIFORM INSTRUMENT ,,,yyy��� [II (VIII [IIIIII [III [III [III
<br />H11I5y¢Irin>. I-, St Cloutl. MN term Mn9NE P1D.J000 flh
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<br />20030"x023
<br />Words used in multiple sections of this docurneut are defined below and other words are defined in Sections 3, 11, 13, 18, 20
<br />and 21. Certain rules regarding the usage of words used in [his document are also provided in Section 16.
<br />(A) "Security Instrument" moans this document, which is dated .......................0.6, 11NO, 0 ,3,,,,,,,,,,,................., together
<br />with all Riders to this document. H_. 6.-c4 4 L.J {e
<br />(B) "Borrower" is JAMES.G,.GRAMSF and ILA. M,.ORAMSI,.• ...... ............. .........._....... ................
<br />...................
<br />....................................................................................................... ............................... .
<br />Borrower is the truslor under this Security Instrument.
<br />(C) "Lender" is HeIt @ge Bank .... ............... .. ......................... .. .......... ... ..... ... .. ........... .
<br />Lender is a .... ..... ................... ....... . ...... organized and existing under
<br />the laws of .Wo.Mteof NehW3kB ........... ............................... Lender's address is ..1,3,3,0. Ner1b.W @G.b R @gd, R;O,.Opx 5138,,,
<br />Grand Island, NF. 68802 ..... ......... ............ ................ ........... .
<br />Lender is the beneficiary under this Security Instrument.
<br />(D) Trustee' is Heritage Bank 13.33 N. Webb Road Grand Island,, NE 688625138. ,,,.,.. ..... , ...
<br />(E) Note' means the promissory note signed by Borrower and dated 90:0.2:2003 ,.... ...... ...... The
<br />Note states that Borrower owes Lender IWBnIYAORsend two. hundred fourteen and. 501. 10. 0 .................... ...............................
<br />..... ........ ....._ Dollars (U. S. $ .20,21450.......... ...I plus interest. Borrower has promised to
<br />..............
<br />pity this debt in regular Periodic Payments and to pay the debt in full not later than ............ ......_06:022098.. ...........
<br />......, ........... ......... 1 ............... ..............................
<br />..,. ......... ........... .
<br />(F) "Property" meaus the properly that is described below under the heading "Transfer of Rights in the Propeny."
<br />(G) "Loan" means the debt evidenced by the Note, plus interest, any prepayment charges and late charges due under the Note,
<br />and all sums due under this Security Instrumem, plus interest.
<br />(IT) "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 />❑ Adjustable Rate Rider ❑ Condominium Rider ❑ Second Home Rider
<br />❑ Balloon Rider ❑ Planned Unit Development Rider ❑ OLher(s) [specify] ._ ....................
<br />® 1 -4 Family Rider ❑ Biweekly Payment Rider
<br />(I) "Applicable Lew" 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 - appealable judicial opinions.
<br />(J) "Community Association Dues, Fees, and Assessments" means all dues, fees, assessmems and other charges that are
<br />imposed on Borrower or the Property by a condo ninium 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
<br />paper instrument, which is initiated through an electronic terminal, telephonic instrument, computer, or magnetic tape so as to
<br />order, instruct, or authorize a financial institution to debit or credit an account, Such tent includes, but is net limited m,
<br />point -of -sale transfers, automated teller machine Iransacliore, trawlers initiated by telephone, wire transfers, and automated
<br />clearinghouse transfers.
<br />(L) "Escrow Items" means those items that are described in Section 3.
<br />(M) "Miscellimeoua Proceeds" means any compensation, seltlernem, award of damages, or proceeds paid by any third party
<br />(other than insurance proceeds paid under the coverages described in Section 5) foe (i) damage to, or destruction of, the
<br />Properly; (ii) condemnation or other taking of all or any parr of the Property; (ii) conveyance in lieu of condemnation; or (iv)
<br />misrepresentations of, or omissions as lo, the value and /or erudition 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 et seq.) and its implementing regulation,
<br />Regulation X (24 C.F.R. Pan 35W), 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 if the Loan does not qualify as a "federally
<br />related mortgage Iona" under RESPA.
<br />(Q) "Successor in Interest of Borrower" means any party the[ 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 />Form 3028 lint
<br />NEBRASKA —Sunk F, ... —F,u.i. Mae /Freddie Mac UNIFORM INSTRUMENT ,,,yyy��� [II (VIII [IIIIII [III [III [III
<br />H11I5y¢Irin>. I-, St Cloutl. MN term Mn9NE P1D.J000 flh
<br />,<, ,.ono, roia"i f)PoBr+) ems[_ J B 2 n 0
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<br />3
<br />3
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