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Words used in multiple sections of this document 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 this document are also provided in Section 16. o
<br />(A) "Security Instrument' means this document, which is dated ...... _......... .......... 1D Oi; 20, 42 .............................. together
<br />with all Riders to this document.
<br />(B) ''Borrower" is GARY H.. CLAYTON AND ,,BONNIE ,J, CLAYTON, HUSBAND ANP. WIFE ,,.,,.,,_,, ...........................................
<br />...
<br />.......................................................................................................................... ............................... .
<br />Borrower is the austor under this Security Instrument.
<br />(C) "Lender" is BAN. KBFgONTHAN ................................................................._..._......._ ............................... .
<br />Lender is a . OORPORATIM ........................................................... ............................... organized and existing under
<br />the laws of .TK STATE OF. N. EgHA$ KA .......... ............................... Lender's address is .P.B. PBX 270,BONI,P,H,AN „NE „O,gB3Z OZ,70, ,,_„
<br />.......................................................................................................................... ............................... .
<br />Lender is the beneficiary under this Security Instrument.
<br />(D) ''Trustee” is CENTRAL NATIONAL BANK B,q.BBX 2fi8, SUPERIOR, NE BBB7 8; n2fi8 ................................... ...............................
<br />(E) "Note” means the promissory note signed by Borrower and dated iq A.1 ZQQ? ......... .. .... ................. The
<br />Note states that Borrower owes Lender BNE.HUNOREO.F.IYA THOMARO AND. R01100 ......................................................... .
<br />...... _ .............. Dollars (U.S. $ 105 ,OOP.04....................... plus interest. Borrower has promised to
<br />pay this debt in regular Periodic Payments and to pay the debt in full not later than ..................... 1 .10.1,ZQ17.....................
<br />................................................................................................ ............................... I .......................
<br />. .
<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 Note,
<br />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 />❑ Adjustable Rate Rider ❑ Condominium Rider ❑ Second Home Rider
<br />❑ Balloon Rider ❑ Planned Unit Development Rider ❑ Other(s) [specify] _ .....................
<br />❑ 1 -4 Family Rider ❑ Biweekly Payment Rider
<br />(1) "Applicable Law" means all controlling applicable federal, state and local stabiles, regulations, ordinances and
<br />administrative rules and orders (that have the effect of law) as well as all applicable final, non- appealablejudicial opinions.
<br />(J) "Comrounity 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 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 term includes, but is not limited to,
<br />point-of sale transfers, automated teller machine transactions, transfers 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) "Miscellaneous proceeds" means any compensation, settlement, award of damages, or proceeds paid by any third parry
<br />(other than insurance proceeds paid under the coverages described in Section 5) for: (i) damage to, or destruction of, the
<br />Property; (ii) condemnation or other taking of all or any part of the Property; (iii) conveyance in lieu of condemnation; or (iv)
<br />misrepresentations of, or omissions as m, 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) "Periodic Payment' meats the regularly scheduled =,)out 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. Part 3500), as they might be mended 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 loan' under RESPA.
<br />(Q) "Successor in Interest of Borrower" means any party that has taken title w the Property, whether or not that party has
<br />assumed Borrower's obligations under the Note and /or this Security Instrument.
<br />NEBRASKA — Single Family — Fannie Mae /Freddie Mac UNIFORM INSTRUMENT
<br />9enkeu 5I.—, lnc.. St QOU6 MN 1— Mn -1 -NE .1111..
<br />r.1 local izage t of iQ ges)
<br />Form 3028 1101
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<br />DEED OF TRUST
<br />DEFINITIONS
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<br />Words used in multiple sections of this document 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 this document are also provided in Section 16. o
<br />(A) "Security Instrument' means this document, which is dated ...... _......... .......... 1D Oi; 20, 42 .............................. together
<br />with all Riders to this document.
<br />(B) ''Borrower" is GARY H.. CLAYTON AND ,,BONNIE ,J, CLAYTON, HUSBAND ANP. WIFE ,,.,,.,,_,, ...........................................
<br />...
<br />.......................................................................................................................... ............................... .
<br />Borrower is the austor under this Security Instrument.
<br />(C) "Lender" is BAN. KBFgONTHAN ................................................................._..._......._ ............................... .
<br />Lender is a . OORPORATIM ........................................................... ............................... organized and existing under
<br />the laws of .TK STATE OF. N. EgHA$ KA .......... ............................... Lender's address is .P.B. PBX 270,BONI,P,H,AN „NE „O,gB3Z OZ,70, ,,_„
<br />.......................................................................................................................... ............................... .
<br />Lender is the beneficiary under this Security Instrument.
<br />(D) ''Trustee” is CENTRAL NATIONAL BANK B,q.BBX 2fi8, SUPERIOR, NE BBB7 8; n2fi8 ................................... ...............................
<br />(E) "Note” means the promissory note signed by Borrower and dated iq A.1 ZQQ? ......... .. .... ................. The
<br />Note states that Borrower owes Lender BNE.HUNOREO.F.IYA THOMARO AND. R01100 ......................................................... .
<br />...... _ .............. Dollars (U.S. $ 105 ,OOP.04....................... plus interest. Borrower has promised to
<br />pay this debt in regular Periodic Payments and to pay the debt in full not later than ..................... 1 .10.1,ZQ17.....................
<br />................................................................................................ ............................... I .......................
<br />. .
<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 Note,
<br />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 />❑ Adjustable Rate Rider ❑ Condominium Rider ❑ Second Home Rider
<br />❑ Balloon Rider ❑ Planned Unit Development Rider ❑ Other(s) [specify] _ .....................
<br />❑ 1 -4 Family Rider ❑ Biweekly Payment Rider
<br />(1) "Applicable Law" means all controlling applicable federal, state and local stabiles, regulations, ordinances and
<br />administrative rules and orders (that have the effect of law) as well as all applicable final, non- appealablejudicial opinions.
<br />(J) "Comrounity 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 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 term includes, but is not limited to,
<br />point-of sale transfers, automated teller machine transactions, transfers 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) "Miscellaneous proceeds" means any compensation, settlement, award of damages, or proceeds paid by any third parry
<br />(other than insurance proceeds paid under the coverages described in Section 5) for: (i) damage to, or destruction of, the
<br />Property; (ii) condemnation or other taking of all or any part of the Property; (iii) conveyance in lieu of condemnation; or (iv)
<br />misrepresentations of, or omissions as m, 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) "Periodic Payment' meats the regularly scheduled =,)out 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. Part 3500), as they might be mended 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 loan' under RESPA.
<br />(Q) "Successor in Interest of Borrower" means any party that has taken title w the Property, whether or not that party has
<br />assumed Borrower's obligations under the Note and /or this Security Instrument.
<br />NEBRASKA — Single Family — Fannie Mae /Freddie Mac UNIFORM INSTRUMENT
<br />9enkeu 5I.—, lnc.. St QOU6 MN 1— Mn -1 -NE .1111..
<br />r.1 local izage t of iQ ges)
<br />Form 3028 1101
<br />J B 2 A 0
<br />
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