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DEED OF TRUST
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<br />Words used in multiple sections of this document are defined below and other words are defined in
<br />Sections 3, 11, 13, 18, 20 and 21. Certain rules regarding the usage of words used in this document are also
<br />provided in Section 16.
<br />(A) "Security Instrument" means this document, which is dated November 1, 2002, together with all
<br />Riders to this document.
<br />IB) "Borrower" is Mervin D Peck, spouse of Gail L. Peck, as a joint tenant with the right of survivorship,
<br />and Gail L Peck, spouse of Mervin D Peck, as a joint tenant with the right of survivorship. Borrower is the
<br />trustor under this Security Instrument.
<br />(C) "Lender" is Security National Bank. Lender is a National Bank organized and existing under the laws of
<br />Nebraska. Lender's address is 202 East 2nd St, Laurel, Nebraska 68745. Lender is the beneficiary under this
<br />Security Instrument.
<br />ID) "Trustee" is TierOne Bank.
<br />IE) "Note" means the promissory note signed by Borrower and dated November 1, 2002. The Note states
<br />that Borrower owes Lender forty four thousand five hundred and thirty six dollars and eight cents Dollars (U.S.
<br />$ 44,536.08) plus interest. Borrower has promised to pay this debt in regular Periodic Payments and to pay
<br />the debt in full not later than November 1, 2017.
<br />IF1 "Property" means the property that is described below under the heading "Transfer of Rights in the
<br />Property."
<br />(G) "I.oan" means the debt evidenced by the Note, plus interest, any prepayment charges and late charges
<br />due under the 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
<br />Riders are to be executed by Borrower [check box as applicable]:
<br />El Adjustable Rate Rider L1 Condominium Rider El Second Home Rider
<br />El Balloon Rider El Planned Unit Development Rider ❑ Otherls) [specifyl
<br />® 1 -4 Family Rider El Biweekly Payment Rider
<br />111 "Applicable Law" means all controlling applicable federal, state and local statutes, regulations,
<br />ordinances and administrative rules and orders (that have the effect of law) as well as applicable final, non -
<br />appealable judicial opinions.
<br />(J) "Community Association Dues, Fees and Assessments" means all dues, fees, assessments and other
<br />charges that are imposed on Borrower or the Property by a condominium association, homeowners association
<br />or similar organization.
<br />(KI "Electronic Funds Transfer" means any transfer of funds, other than a transaction originated by check,
<br />draft, or similar paper instrument, which is initiated through an electronic terminal, telephonic instrument,
<br />computer, or magnetic tape so as to order, instruct, or authorize a financial institution to debit or credit an
<br />account. Such term includes, but is not limited to, point -of -sale transfers, automated teller machine
<br />transactions, transfers initiated by telephone, wire transferrer and automated- clearinghouse transfers.
<br />(L) "Escrow Items" means those items that are described in Section 3.
<br />IM) "Miscellaneous Proceeds" means any compensation, settlement, award of damages, or proceeds paid
<br />by any third party (other than insurance proceeds paid under the coverages described in Section 5) for (i)
<br />damage to, or destruction of, the Property; (ii) condemnation or taking of all or any part of the Property; (iiil
<br />conveyance in lieu of condemnation; or (iv) misrepresentations of, or omissions as to, the value and /or
<br />condition of the Property.
<br />IN) "Mortgage Insurance" means insurance protecting Lender against the nonpayment of, or default on, the
<br />Loan.
<br />101 "Periodic Payment" means the regularly scheduled amount due for Oil principal and interest under the
<br />Note, plus (ii) any amounts under Section 3 of this Security Instrument.
<br />(P) "RESPA" means the Real Estate Settlement Procedures Act (12 U.S.C. §2601 at seq.) and its
<br />implementing regulation, Regulation X (24 C.F.R. Part 3500), as they might be amended from time to time, or
<br />Form 3028 1101
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<br />DEED OF TRUST
<br />ul�yl,lul:.7, F9
<br />Words used in multiple sections of this document are defined below and other words are defined in
<br />Sections 3, 11, 13, 18, 20 and 21. Certain rules regarding the usage of words used in this document are also
<br />provided in Section 16.
<br />(A) "Security Instrument" means this document, which is dated November 1, 2002, together with all
<br />Riders to this document.
<br />IB) "Borrower" is Mervin D Peck, spouse of Gail L. Peck, as a joint tenant with the right of survivorship,
<br />and Gail L Peck, spouse of Mervin D Peck, as a joint tenant with the right of survivorship. Borrower is the
<br />trustor under this Security Instrument.
<br />(C) "Lender" is Security National Bank. Lender is a National Bank organized and existing under the laws of
<br />Nebraska. Lender's address is 202 East 2nd St, Laurel, Nebraska 68745. Lender is the beneficiary under this
<br />Security Instrument.
<br />ID) "Trustee" is TierOne Bank.
<br />IE) "Note" means the promissory note signed by Borrower and dated November 1, 2002. The Note states
<br />that Borrower owes Lender forty four thousand five hundred and thirty six dollars and eight cents Dollars (U.S.
<br />$ 44,536.08) plus interest. Borrower has promised to pay this debt in regular Periodic Payments and to pay
<br />the debt in full not later than November 1, 2017.
<br />IF1 "Property" means the property that is described below under the heading "Transfer of Rights in the
<br />Property."
<br />(G) "I.oan" means the debt evidenced by the Note, plus interest, any prepayment charges and late charges
<br />due under the 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
<br />Riders are to be executed by Borrower [check box as applicable]:
<br />El Adjustable Rate Rider L1 Condominium Rider El Second Home Rider
<br />El Balloon Rider El Planned Unit Development Rider ❑ Otherls) [specifyl
<br />® 1 -4 Family Rider El Biweekly Payment Rider
<br />111 "Applicable Law" means all controlling applicable federal, state and local statutes, regulations,
<br />ordinances and administrative rules and orders (that have the effect of law) as well as applicable final, non -
<br />appealable judicial opinions.
<br />(J) "Community Association Dues, Fees and Assessments" means all dues, fees, assessments and other
<br />charges that are imposed on Borrower or the Property by a condominium association, homeowners association
<br />or similar organization.
<br />(KI "Electronic Funds Transfer" means any transfer of funds, other than a transaction originated by check,
<br />draft, or similar paper instrument, which is initiated through an electronic terminal, telephonic instrument,
<br />computer, or magnetic tape so as to order, instruct, or authorize a financial institution to debit or credit an
<br />account. Such term includes, but is not limited to, point -of -sale transfers, automated teller machine
<br />transactions, transfers initiated by telephone, wire transferrer and automated- clearinghouse transfers.
<br />(L) "Escrow Items" means those items that are described in Section 3.
<br />IM) "Miscellaneous Proceeds" means any compensation, settlement, award of damages, or proceeds paid
<br />by any third party (other than insurance proceeds paid under the coverages described in Section 5) for (i)
<br />damage to, or destruction of, the Property; (ii) condemnation or taking of all or any part of the Property; (iiil
<br />conveyance in lieu of condemnation; or (iv) misrepresentations of, or omissions as to, the value and /or
<br />condition of the Property.
<br />IN) "Mortgage Insurance" means insurance protecting Lender against the nonpayment of, or default on, the
<br />Loan.
<br />101 "Periodic Payment" means the regularly scheduled amount due for Oil principal and interest under the
<br />Note, plus (ii) any amounts under Section 3 of this Security Instrument.
<br />(P) "RESPA" means the Real Estate Settlement Procedures Act (12 U.S.C. §2601 at seq.) and its
<br />implementing regulation, Regulation X (24 C.F.R. Part 3500), as they might be amended from time to time, or
<br />Form 3028 1101
<br />JB2AO
<br />J A
<br />NEanA M -eimgN Family- FaaNa Mr/iratlaa Nat UNIFORM INS2r WW Ini
<br />NE/{% %XU080100800000003Tl0063102802Y aNFwn eyatama, Igc.,,,sr� Gq-k" la 1
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