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DEFINITIONS
<br />Words used in multiple sections of this document are defined below and usher words are defined in Sections3,11, 13,18, 20
<br />and 2 L Certain rules regarding the usage ofwords used in this document are also provided in Section 16.
<br />(A) "Security lnstrumenP' means this document, which is dated_ Jaauaryl8th .,_2002 ,togetherwith
<br />all Ride1's to this document.
<br />(B) "Borrower" is James E. Kimbrough and JaoeBe V. Kimbrough, as husband and wife
<br />Borrower is the trust., under this Security Instrument
<br />(C) "Leader" 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 and dated January 18th 2002 . The Note
<br />states that Borrower owes Lender One Hundred FiftZ• Two Thousand and 00 /100
<br />Dollars (U.S. $152,000.0 )plus interest. Borrowerhaspromised
<br />to pay this debt in regular Periodic Payments and to pay the debt in full not later than _ February 1, 2017
<br />(F) "Property" means the property that is described below under the heading'" 1'ranafo, of Rights in the Property."
<br />(G) "Luau" means die debt evidenced by the Note, plus interest, any prepayment charges and late charges due under the
<br />Notc, and oil suns due under this Security Instrument, plus interest.
<br />(11) "Riders" mcans all Riders to this Security Instrument that arc executed by Borrower. The following Riders are to be
<br />executed by Borrower [check box as applicable]:
<br />❑
<br />Adjustable Rate Rider
<br />M 3 1.., r-e ':
<br />no
<br />Condominium Rider
<br />❑
<br />Balloon Rider
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<br />Planned Unit Development Rider
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<br />[]
<br />Biweekly Payment Rider
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<br />DEED OF TRUST
<br />20020098
<br />DEFINITIONS
<br />Words used in multiple sections of this document are defined below and usher words are defined in Sections3,11, 13,18, 20
<br />and 2 L Certain rules regarding the usage ofwords used in this document are also provided in Section 16.
<br />(A) "Security lnstrumenP' means this document, which is dated_ Jaauaryl8th .,_2002 ,togetherwith
<br />all Ride1's to this document.
<br />(B) "Borrower" is James E. Kimbrough and JaoeBe V. Kimbrough, as husband and wife
<br />Borrower is the trust., under this Security Instrument
<br />(C) "Leader" 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 and dated January 18th 2002 . The Note
<br />states that Borrower owes Lender One Hundred FiftZ• Two Thousand and 00 /100
<br />Dollars (U.S. $152,000.0 )plus interest. Borrowerhaspromised
<br />to pay this debt in regular Periodic Payments and to pay the debt in full not later than _ February 1, 2017
<br />(F) "Property" means the property that is described below under the heading'" 1'ranafo, of Rights in the Property."
<br />(G) "Luau" means die debt evidenced by the Note, plus interest, any prepayment charges and late charges due under the
<br />Notc, and oil suns due under this Security Instrument, plus interest.
<br />(11) "Riders" mcans all Riders to this Security Instrument that arc 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 Rider
<br />❑ Second Home Rider
<br />❑ Other(s) [specify]
<br />m "Applicable Law" means all controlling applicable federal, state and local statutes, regulations, ordinances Bad
<br />administrative rules and orders (that have the effect of law) as well as all applicable final, non- appealabicjudicial 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
<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. Suchtermincludes,butisnotlimiwd
<br />to, poimoftsale 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 ofall or any part ofthc Pruperty; (iii) conveyance in Ileu ofcnndemnation; 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 deft. ult on, the Loan.
<br />(0) "Periodic Payment" means the regularly scheduled amount due for principal and interest under the Note, plus (d)
<br />any amounts under Section 3 ofthis Security Instrument.
<br />(P) "RESPA" preens the Real Estate Settlement Procedures Act (12 U.S.C. §2601 el seq.) and its implementing regulation,
<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 />NEBRASKA - Single Family— Fieanie Mae/0reddie Mac UNIFORM BVSTRUMF,NT 4'orw3028 IAI @m8elof8➢n8es)
<br />9754.CV(2/01) c11407
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