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Borrower is the trustor under this Security instrument
<br />(C) "Lender' 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" isUnited Nebraska Bank 700 North Webb Road Grand Island, NE 68803
<br />(F.) "Note" means the promissory note signed by Borrower and dated August 9th 2002 . The Note
<br />states that Born.wer owes Lender lqft One Thousand Five Hundred and 00 1100
<br />Dollars (U.S.$51,500.00 ) plus interest. Borrower has promised
<br />m pay this debt in regular Periodic Payments and to pay the debt in full not later than September 1, 2032
<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
<br />Note, and all sums due under this Security Instrument, plus interest.
<br />(H) " 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 />❑
<br />Adjustable Rate Rider
<br />❑
<br />Condominium Rider
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<br />Biweekly Payment Rider
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<br />RE- RECORDED ° y
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<br />200208615
<br />200208363
<br />[Space Above This Line For Recording Data]
<br />DEED OF TRUST
<br />NOTICE: THIS LOAN IS NOT ASSUMABLE WITHOUT THE
<br />APPROVAL OF THE DEPARTMENT OF VETERANS AFFAIRS
<br />(�
<br />OR ITS AUTHORIZED AGENT.
<br />DEFINITIONS
<br />Words used in multiple sections of this document are defined below and other words are defined in Sections 3, 1 I, 13, 18, 20
<br />and 21. 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 Aug usI9th 2002 , togetherwidt
<br />all Riders to this document.
<br />(B) "Borrower" is Jerald L Christensen, a single person _
<br />Borrower is the trustor under this Security instrument
<br />(C) "Lender' 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" isUnited Nebraska Bank 700 North Webb Road Grand Island, NE 68803
<br />(F.) "Note" means the promissory note signed by Borrower and dated August 9th 2002 . The Note
<br />states that Born.wer owes Lender lqft One Thousand Five Hundred and 00 1100
<br />Dollars (U.S.$51,500.00 ) plus interest. Borrower has promised
<br />m pay this debt in regular Periodic Payments and to pay the debt in full not later than September 1, 2032
<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
<br />Note, and all sums due under this Security Instrument, plus interest.
<br />(H) " 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 />❑
<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 />[yj Other(s) [specify] VA Riders
<br />(1) "Applicable Law" means all controlling applicable federal, state and local statutes, regulations, ordinances and
<br />administrative rules and orders (that have theeffeet of law) as well as all applicable final, non- appcalablejudicial opinions.
<br />(J) "Community Association Dues, Fees, and Assessments" means all dues, fees, assessments ando therchargis thatare
<br />imposed on Borrower or the Property by a condotinnium 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 murder, instructor authorize a financial institution to debit or credit an account. Such term includes, butis not limited
<br />to, point -of -salt 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 poreceds paid by any third
<br />party (other than insurance proceeds paid under the coverages described in Section 5) for: (it damage to, or destruction of,
<br />the Property; (it) condemnation or other taking of all or any part of the Property; (iii) conveyance in lieu of condemnation; or
<br />(iv) misrepresentations 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) "Pe,indic Payment" means the regularly scheduled amount due for principal and interest under the Note, plus (ii)
<br />any amounts under Section 3 of this Security Instrument.
<br />(P) "RESPA" means the Real Estate Settlement Procedures Act (12 U.S.C. §2601 etseq.) and its implementingregulation,
<br />Regulation X (24 CFR. Part 3500), as they might be amended from time to time, or any additional or successor legislation
<br />NEERABKA-- Sn,1,Fanu1y— Fannie M.e ,F ddie Mac UNIFORMINSTRIWFNT Form3028 1101 (pngel,`81,nge,)
<br />9750.CV(IN2) GI1687
<br />lion si..imio)
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