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<br />DEFINITIONS
<br />Words used in multiple sections ofthis document are defined below and other words are defined in Sections 3,11, 13, 1 5,20
<br />land 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 December 6th_ 2002 , tagedra with
<br />all Riders to this document.
<br />(B) 'Borrower" is Rick LC Davison and Vicki J Davison, as husband and wife _
<br />Borrower is the truster under this Security ]nsirument
<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. NE 68803
<br />Lender is the heneficiary nuclei this Security Instrument.
<br />(D) "Trustee" is United Nebraska Bank 700 North Webb Read Grand Island NE 68803
<br />(E) "Note" means the promissory note signed by Borrower and dated December 6th 1 2002 The New
<br />states that Dorrowerowes 7 coder One Hundred Fortv�gve Thu nd Three Hundred and 001100
<br />_
<br />Dollars (U.S.$147300.00 ) plus interest. Borrower has promised
<br />to pay this debt in regular Periodic Payments and to pay the debt in full not later than June 6, 2003
<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 />(11) "Riders" meant, .][Ride, s to the, Security Instrument that are executed by Borrower .'Lhe following Riders are to be
<br />executed by Borrower [ cheok box as applicable]
<br />❑
<br />Adjustable Rate,Rider
<br />❑
<br />Cimmin urnaRider
<br />❑
<br />Balloon Rider
<br />❑
<br />Planned Unit Development Rider
<br />❑
<br />1 -4Isom ly Rider
<br />❑
<br />Biweekly Payment Rider
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<br />200213550
<br />[Space Above
<br />This Line For Recording Data]
<br />DEED OF TRUST
<br />Y/ o0
<br />DEFINITIONS
<br />Words used in multiple sections ofthis document are defined below and other words are defined in Sections 3,11, 13, 1 5,20
<br />land 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 December 6th_ 2002 , tagedra with
<br />all Riders to this document.
<br />(B) 'Borrower" is Rick LC Davison and Vicki J Davison, as husband and wife _
<br />Borrower is the truster under this Security ]nsirument
<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. NE 68803
<br />Lender is the heneficiary nuclei this Security Instrument.
<br />(D) "Trustee" is United Nebraska Bank 700 North Webb Read Grand Island NE 68803
<br />(E) "Note" means the promissory note signed by Borrower and dated December 6th 1 2002 The New
<br />states that Dorrowerowes 7 coder One Hundred Fortv�gve Thu nd Three Hundred and 001100
<br />_
<br />Dollars (U.S.$147300.00 ) plus interest. Borrower has promised
<br />to pay this debt in regular Periodic Payments and to pay the debt in full not later than June 6, 2003
<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 />(11) "Riders" meant, .][Ride, s to the, Security Instrument that are executed by Borrower .'Lhe following Riders are to be
<br />executed by Borrower [ cheok box as applicable]
<br />❑
<br />Adjustable Rate,Rider
<br />❑
<br />Cimmin urnaRider
<br />❑
<br />Balloon Rider
<br />❑
<br />Planned Unit Development Rider
<br />❑
<br />1 -4Isom ly Rider
<br />❑
<br />Biweekly Payment Rider
<br />❑ Second Home Rider
<br />❑ Other(s) [specify]
<br />(1) "Applicable Law" means all controlling applicable federal, state and local statutes, regulations, ordinances and
<br />administrative rules and oraers (that have the eHcct of luw) as well as all applicable final, non- appealablejudieial opinions.
<br />(J) "Coma unity Association Dues, Fees, and Assessments" means all dues, fees, assessments and enter charges dratare,
<br />imposed on Borrower or the Property by a condominium association, homeowners association or similar organization.
<br />O) "Electronic Funds Transfer' means any transfer of funds, other than a transaction originated by check, drat[, or
<br />similar paper instrument, which is initiated through an electronic terminal, telephonin instrument, computer, or magnetic tape
<br />so as to order, fisduet,or authorize a financial institution to debit or credit an account. Such teen includes, but is not limited
<br />m, point -of- -sale transfers, automated fuller 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 Each insurance proceeds paid under the coverages described in Section 5) for', (p damage to, or destruction of,
<br />the Property, (ii) condemnation or other taking of all or any part of the Property; (iii) conveyance in li air of condemnation; or
<br />(iv) misrepresentations of, or emissions as m, the value and/or condition of the Pmperry.
<br />(N) "Mortgage Insurance" means insurance protecting I ender against the nonpayment of, or default on, the Loan.
<br />(0) "Periodic Payment" means the regularly scheduled amount due for U) principal and, memst Under the Note, Plus (11)
<br />any amounts under Section 3 of this Security Instrument.
<br />(P) "RESPA" means the Real Estate Settlement I'rocedares Act (12 U C. $2601 et seq.) and its implementingregulatme,
<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— Sin81c ran,Jy— tannic Ma✓Fr<ddn Mac UNIFORM INSTRUMENT Fmm3028 1101 ry "ere Lq xp,ge.t
<br />13835 CV rIW021 019112
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