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<br />DEFINITIONS
<br />Words used in multiple sections of this document are defined below and other words are defined in Sections 3, 11, 13, 18, 20 and 21.
<br />Certain rules regarding the usage of words used in this document are also provided in Section 16.
<br />(A) "Security
<br />Instrument"
<br />means this document, which is dated A P R I L 1 5 , 2 0 0 5 together with all Riders to this
<br />document.
<br />(B) "Borrower"
<br />is DAVID KROLIKOWSKI
<br />AND BARBARA KROLIKOWSKI, AS HUSBAND AND WIFE
<br />Borrower Is the trustor under this Security Instrument.
<br />(C) "Lender"
<br />is
<br />PLATTE VALLEY
<br />STATE BANK & TRUST CO . Lenderisa
<br />organized and existing under the laws of THE STATE OF
<br />N E B
<br />R A S K A
<br />Lender's address
<br />is 2223 SECOND AVE, KE8RNEY. NF
<br />Lender Is the beneficiary under
<br />this Security
<br />Instrument.
<br />(D) "Trustee"
<br />is PLATTE
<br />VALLEY STATE
<br />BANK & TRUST CO.
<br />2E) "Note" means the promissory note signed by Borrower and dated A P R I L 15 , 2 0 0 5 The Note states that
<br />orrower owes Lender O N E H U N D R E D S I X T Y T
<br />Dollars (U.S. 1 . 0 0 ) pus Interest.
<br />Borrower as promise to pay t Is e t In regular Periodic ayments and to pay the de t in u not later than
<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, and
<br />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 executed by
<br />Borrower [check box as applicable]:
<br />❑ Adjustable Rate Rider ❑ Condominium Rider
<br />❑ 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 statutes, regulations, ordinances and administrative
<br />rules and orders (that have the effect of law) as well as all applicable final, non - appealable judicial opinions.
<br />(J) "Community 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 paper
<br />instrument, which is initiated through an electronic terminal, telephonic instrument, computer, or magnetic tape so as to order,
<br />instruct, or authorize a financial institution to debit or credit an account. Such term includes, but is not limited to, point -of -sale
<br />transfers, automated teller machin� transactions, transfers initiated by telephone, wire transfers, and automated clearinghouse
<br />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 party
<br />other than insurance proceeds paid under the coverages described in Section 5) for: (i) damage to, or destruction of, the Property;
<br />ii) condemnation or other taking of all or any part of the Property; (iii) conveyance In lieu of condemnation; or (iv) misrepresentations
<br />of, or omissions as to, the value and /or condition of the Property.
<br />(N) "Mortgage Ineurenee" means Insur -.i ice: protecting Londor against the ncnpayrnent of, ur defau;t on, i1 he Loan.
<br />(0) "Periodic Payment" means the regularly scheduled amount due for (i) principal and interest under the Note, plus (ii) 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 />RRegulation X (24 C.F.R. Part 3500), as they might be amended 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 related
<br />mortgage loan" under RESPA.
<br />(Q) "Successor in Interest of Borrower" means any party that has taken title to the Property, whether or not that party has
<br />assumed Borrower's obligations under the Note and /or this Security Instrument.
<br />AFTER RECORDING RETURN TO:
<br />PLATTE VALLEY STATE BANK & TRUST CO Y(��
<br />MORTGAGE LDAN DEPARTMENT
<br />2223 SECOND AVE
<br />KEARNEY, NE 68847
<br />NEBRASKA — Single Family — Fannie Mae/Freddie Mac UNIFORM INSTRUMENT Form 3028 1/01 (page 1 of 7 pages)
<br />3028 NE DOT 1/01 PG1
<br />
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