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<br />Balloon hider
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<br />Planned Unit Dcvclopmmd Ridel'
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<br />[Space Above This Line For Recording Data]
<br />DEED OF TRUST
<br />- L,
<br />NOTICE: THIS LOAN IS NOT ASSUMABLE WITHOUT THE
<br />APPROVAL OF THE DEPARTMENT OF VETERANS
<br />AFFAIRS
<br />OR ITS AUTHORIZED AGENT.
<br />DEFINI "f IONS
<br />Word, used in multiple sections of this document are defined below and other words are defined in Sections 3, 11. 13.18.20
<br />and 2I. Certain rules regarding the usage of words used in this docunere are also provided in Section 16.
<br />(A) "Security Instrument" means this document, which is dated May 29th 2602 , an emsewith
<br />all Riders to this document.
<br />(B) `Borrower' is Jerry M fierce 11 and 'I amothy,l Pierce, as husband and wife
<br />Borrower is the Irustor under Alin Security Instrument.
<br />(C) "Leader" is United Nebraska Bank _ . Leader
<br />is a Corporation a (,Pniocdand existing under the lows of the State of Nebraska
<br />Lender's uddressis 700 North Webb Road Grand Island NE 68803
<br />louder is file bmnefsiary under this Security Instrument
<br />IDI "Trustee' is United Nebraska [tank 700 North Webb Road Grand Island NE 68803
<br />(E) "Note' means the In ..... oq note signed by Borrower and dated May 29th — _ 2002 _ The Note
<br />states that Bou ouvr owes Lcndel'Fifl° 1 it r n 00100
<br />Dothats(U.S.$55900110 )plus interest. Borrower has promised
<br />to pay this deht In regular periodic Payments unit Lo pay Ihu dulA in full not later than June 1, 2032
<br />(F) "Property" means the property that is descrihed hdow under the heading "Transfer of Rights in the Property."
<br />(G) "Loaf' Fiats the debt evidenced by the Note, plus interest. any prepayment charges and late charges due under the
<br />Note, and all sums due under (his Security Instrument, plus interest.
<br />(11) " Riders "mcansallRide,, to this Secant ity)nstrume11that arc executed by Bomtwcr. The bilowing Riders arc to be
<br />executed by Borrower (check hox its applicahlel:
<br />❑
<br />Adjuslahlc Rate Rider
<br />❑
<br />Condominium Rider
<br />❑
<br />Balloon hider
<br />❑
<br />Planned Unit Dcvclopmmd Ridel'
<br />❑
<br />1 -4 Family Bider
<br />❑
<br />Biweekly Payment Rider
<br />❑ Second Home Rider
<br />[y Others {s) lspecifyl VA Riders
<br />(1) "Apidw.ble Law" O mr, all controlling applicable lede ul, state and local statutes, regulations, ordinances and
<br />udministru[ivcrules and urdtl'+(thm huvcthecftcetofl w)as wellasullapplicablefinal, non- uppealablejudiciul opinions.
<br />(J) "Community Association Dues, Fees, and Assenments" means al dues, fees, assessments and other chargcv thuraro
<br />imposed tin Borrower or the Po,p aut by o condominium association- homeowners association or similar organiwtion.
<br />(K) "Electrum, Fwtit, Truusfer" tucuns any Iranafer offends. other than a n- ansaction originated by check, draft, or
<br />similar paper insuumcnl, which is initialed through an electronic terrninul, telephonic iusbumenl,awmputen ; ornwgnebcmpe
<br />tons to ordcr. insn uct, or authortm a l vandal institution to dehit or credit nv account. Such term includes, butis not limitel
<br />to, point -ol -sale (twofers, automated teller machine transactions, transfers initiated by telephone, wire transfers, and
<br />automated dleft nghouac( trusters.
<br />(L) "Escrow Items " means more items that are dcscrihal is Section 3.
<br />(Ml "Miscellaneous Proceeds" means any compensation, settlement, award ofdamages, or proceeds paid by any third
<br />party (other thorn i nsmance proceeds paid under the coverages described in Section 5) for'. (i) damage to, or destruction ot.
<br />the Puuperfv; (ti ) condemnation of mlicr Inki ng otall or no put I of the Property, (iii) conveyance in lieu of condemnation, or
<br />(iv) crisrepresenuuinns of, nr nmis4ons as to, the value and /or condition of (he Property.
<br />(N) "Mortgage Insurance " moms csuranac protecting lender against the nonpayment ot, or default on. the Llun.
<br />(0) "Periodic Purulent" the cgularlyscheduled amountdue. tor (i) principal and interest underthe Note, plus (ii)
<br />a Fly amourns under Section 3 0l tlds Secuclty lastrument.
<br />(la) "RESPA" meuns the Real I sit (c $,moment Pi occdurcn Act (12 U.S.C. §2601 et seq J and its implementing regulation,
<br />Regu l at X(24 C, I'. Is Port3 500)_ as they might he amended bom t, me to I i me, or any addi ti oral OF succes sot le ISlatiVll
<br />NI', IIRASKA- Siupl ,Fn,il]'- full— %Ixc /I'rcaaiU afar l: NIFORNI 1NSTRUNTEN "r Real 3028 1/01 :pngr l nfNtuBn1
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