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<br />DEED OF TRUST
<br />With Future Advance Clause)
<br />Wards 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 Instrument" means this document, which is dated S E P T E M B E R 12 , 2 0 0 5 , together with all Riders to this
<br />document.
<br />(B) "Borrower" is STEVEN D. K R I N 6 S AND ASHLEY M. KR_I.NG_S, HUSBAND AND WIFE
<br />. Borrower is the trustor under this Security Instrument.
<br />"Lender" is FIRST NATIONAL BAN
<br />K AND TRUST COMPANY . Lender isa
<br />rganized and existing under the laws of
<br />is - P.O. BOX 730, COLUMBUS, NF Q 602 Q730
<br />Lender is the beneficiary under
<br />this Security Instrument.
<br />(D) "Trustee" is FI_R_ST NATIONAL BANK.A „K.,D TRUST co_M._P.ANY.00L UMRIIS, N E___ _
<br />(E) "Note” means the promissory note signed by Borrower to the Lender and dated S E P T E M B E R 1 2 , 2 0 0 5 The Note
<br />states that Borrower owes Lender T W 0 H U N Q R F Q T H I R T Y S F V E N T H 0 11 S A N Q E I G H I H U N 0 E F Q A N D
<br />N D / 1 0 0 Dollars (U.S. 2 3 7. a 0 D_ 0 0 ) plus
<br />interest. Borrower has promised to pay this debt in regular Periodic Payments and to pay the debt in full not later than
<br />NAa_r x 1 R 1 • 2 0 0 6
<br />Maximum Obligation Limit: The total principal amount secured by this Security Instrument at anyone time will not exceed
<br />$ a 7 5 , h a n n n . This limitation of amount does not include interest and other fees and charges validly made pursuant to this
<br />Security Instrument. Also, this limitation does not apply to advances made under the terms of this Security Instrument to protect Lender's security and
<br />to perform any of the covenants in this Security Instrument. One or more of the debts secured by this Security Instrument contains a future advance
<br />provision.
<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 />BBorrower [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 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 machine 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 Insurance" means insurance protecting Lender against the nonpayment of, or default on, the 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 />C "RESPA" means the Real Estate Settlement Procedures Act (12 U.S.C. 2 §01 et seq.) and its implementing regulation,
<br />gulation 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 �ETURN TO:
<br />NEBRASKA -- Single Family -- Fannie Mae /Freddie Mac UNIFORM INSTRUMENT Form 3028 1/01 {page 1 of 7 pages)
<br />3029 NE DOT 1 /01 with Futyre Advance Clause Pet
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<br />Wards 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 Instrument" means this document, which is dated S E P T E M B E R 12 , 2 0 0 5 , together with all Riders to this
<br />document.
<br />(B) "Borrower" is STEVEN D. K R I N 6 S AND ASHLEY M. KR_I.NG_S, HUSBAND AND WIFE
<br />. Borrower is the trustor under this Security Instrument.
<br />"Lender" is FIRST NATIONAL BAN
<br />K AND TRUST COMPANY . Lender isa
<br />rganized and existing under the laws of
<br />is - P.O. BOX 730, COLUMBUS, NF Q 602 Q730
<br />Lender is the beneficiary under
<br />this Security Instrument.
<br />(D) "Trustee" is FI_R_ST NATIONAL BANK.A „K.,D TRUST co_M._P.ANY.00L UMRIIS, N E___ _
<br />(E) "Note” means the promissory note signed by Borrower to the Lender and dated S E P T E M B E R 1 2 , 2 0 0 5 The Note
<br />states that Borrower owes Lender T W 0 H U N Q R F Q T H I R T Y S F V E N T H 0 11 S A N Q E I G H I H U N 0 E F Q A N D
<br />N D / 1 0 0 Dollars (U.S. 2 3 7. a 0 D_ 0 0 ) plus
<br />interest. Borrower has promised to pay this debt in regular Periodic Payments and to pay the debt in full not later than
<br />NAa_r x 1 R 1 • 2 0 0 6
<br />Maximum Obligation Limit: The total principal amount secured by this Security Instrument at anyone time will not exceed
<br />$ a 7 5 , h a n n n . This limitation of amount does not include interest and other fees and charges validly made pursuant to this
<br />Security Instrument. Also, this limitation does not apply to advances made under the terms of this Security Instrument to protect Lender's security and
<br />to perform any of the covenants in this Security Instrument. One or more of the debts secured by this Security Instrument contains a future advance
<br />provision.
<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 />BBorrower [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 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 machine 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 Insurance" means insurance protecting Lender against the nonpayment of, or default on, the 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 />C "RESPA" means the Real Estate Settlement Procedures Act (12 U.S.C. 2 §01 et seq.) and its implementing regulation,
<br />gulation 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 �ETURN TO:
<br />NEBRASKA -- Single Family -- Fannie Mae /Freddie Mac UNIFORM INSTRUMENT Form 3028 1/01 {page 1 of 7 pages)
<br />3029 NE DOT 1 /01 with Futyre Advance Clause Pet
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