|
rn n X
<br />Z
<br />v
<br />l� ���
<br />ar _
<br />O
<br />[Space Above This Line For Recording
<br />DEED OF TRUST
<br />DEFINITIONS
<br />•1 O
<br />r-I n -
<br />rTl
<br />cn P
<br />CZ
<br />O
<br />C-) V.)
<br />p -a
<br />C-_ ' A
<br />� rn
<br />r C,J
<br />r zr
<br />C()
<br />D
<br />Cn
<br />C!)
<br />Words used in multiple sections of this document are defined below and other words are defined in Sections 3, 11, 13,
<br />Certain rules regarding the usage of words used in this document are also provided in Section 16.
<br />o�
<br />N `�D
<br />O
<br />CD
<br />W
<br />rn2
<br />cn
<br />—.7 fD
<br />-J rt
<br />Z
<br />—0
<br />G
<br />18, 20 and 2
<br />(A) "Security Instrument" means this document, which is dated D E C E M B E R 2 9 , 2 0 0 3 , together with all Riders to this
<br />document.
<br />(B) "Borrower "is NATHAN R CANFIELD AND KIMBERLY J FELTON- CANFIELD, AS HUSBAND AND WIFE
<br />Borrower is the trustor under this Security Instrument.
<br />(C) "Lender" is PLATTE VALLEY STATE BANK & TRUST CO . Lender isa
<br />organized and existing under the laws of THE STATE OF
<br />N E B R A S K A Lender's address is 2223 SECOND AVE. KEARNEY, NE 68847
<br />Lender is the beneficiary under
<br />this ecurity nstrument.
<br />(D) "Trustee" is F I R S T NATIONAL BANK OF OMAHA
<br />1620 DODGE STREET STOP 4300 OMAHA NE 68197 -4 3 00
<br />(E) "Note" means the promissory note signed by Borrower and dated D E C E M B E R 2 9 , 2 0 0 3 . The Note states that
<br />BBorrower owes Lender O N E H U N D R E D T H I R T Y T W O T H 0 U S A N D A N D N 0 0 0
<br />Dollars (U.S. $ 1 3 2, 0 0 0. 0 0 ) plus interest.
<br />Borrower has promised to pay this debt in regular Periodic Payments and to pay the debt In full not later than
<br />JANUARY 1. 2034
<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 ❑ 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 />(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
<br />MORTGAGE LOAN DEPARTMENT
<br />SECOND AVE
<br />KEARNEY. NE 68847
<br />
|