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<br />Adjustable Rate Rider
<br />❑
<br />Condominium Rider
<br />❑
<br />Balloon Rider
<br />❑
<br />Planned Unit Development Rider
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<br />1 -4 Family Rider
<br />❑
<br />Biweekly Payment Rider
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<br />[Space Above This Line For Recording Data]
<br />DEED OF TRUST
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<br />DEFINITIONS
<br />Words used in multiple sections of this document are defined below and oflab words are defined in Sections 3, 11, 13,18,20
<br />and 2l. Curtain 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 10th .2602 ,to,,cthcrwiLh
<br />all Riders to this document
<br />(B) `Borrower" is Aaron I, Scholz and Stacy A Scholz, as husband and wife
<br />Borrower is the trustor under this Security lestructent.
<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 beneficiary under this Security Instrument.
<br />(D) "Trustee" isUnited Nebraska Bank 700 North Webb Road Grand Island NE 68803 _
<br />(E) "Note" means the promissory note signed by Borrower and dated December 10th , 2002 The Note
<br />states that Borrower owes lender One HIL. trial Thrcc Thousand Seygn Hundred Fifty and 00/100
<br />_ Dollars (U.S. $103- 750 -00 ) plus merest. Borrower has promisc l
<br />to pay this debt in regular Periodic Payments and to pay the debt in full not later than January L 2033
<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 kinder this Security histrument plus interest.
<br />(H) `Riders" means all Riders to this Security Instrument that are executed by Borrower. The following Riders are to he
<br />executed by Burrower I 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 />❑ Other(,) [specify]
<br />(1) "Applicable Law" means all controlling applicable federal, state and local statutes, regulations, ordinances and
<br />adninustrativerules and orders (that hive the effcetorlaw) as well as all applicable final, non- appealablejudicial opinions.
<br />kH "Community Association Dues, Fees, and Assessments" means all dues, Fees, assessments and other charges that a,e
<br />imposed on Borrower or the Property by a condominium association, homeowners association or similar organization.
<br />IKI "Electronic Funds Transfer" means any transfer of funds, other than a transaction originated by ch"k, draft, or
<br />similar paper instrument, which is initiated through an electronic terminal, telephonic instrument, computer, or magnetic tape
<br />so as to order, insnvet or authorizes financial institution to dcbitorcreditan account. Such term includes, butis notltmtted
<br />to, point- of-sale transfers, automated teller machine transactions, transfers initiated by telephone, are 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 than insurance In oceeds paid under the coverages described in Section 5) fur (i) damage to, or destruction of.
<br />the Property; (u) eendnnnation or other taking of all or any part of the Property; (iii) eon cyanec in lieu orcoudetmlation: of
<br />(tv) 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 I oan-
<br />(0) "Periodic Payment" means the regularly scheduled amount ue for(i)pnncipal and interest under the Note, plus (11)
<br />any amounts under Section 3 of this Secn'ity Instrument.
<br />(P) "RESPA" means the Real Estate Settlement Procedures Act (12 U.S.C. 32601 et seq.) and its implementing regulation.
<br />Regulation X (24 C R. Part 3500), as they utiglit be unleaded from time to lime, or any additional or successor legislation
<br />NEBRASKA FatmieM.✓ —alit Mac UNIFOINl INSTRUMENT Form3028 1101 (pµrefof 30nqua
<br />v]54.CV (1 102) 1614857
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