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<br />[Space Above This Line For Recording Data]
<br />
<br />DEED OF TRUST
<br />
<br />DEFINITIONS
<br />
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<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 />
<br />(A) "Security Instrument" means this documen1, which is dated FE B R U A R Y 28, 20 0 6 ,together with all Riders to this
<br />document
<br />
<br />(B) "Borrower" is M T C H A E L J DR E ESE NAN D K T M B E R L Y K 0 R E ESE N, ASH U S BAN DAN 0 W [ F E
<br />
<br />P L A TT E
<br />
<br />(C) "lender" is
<br />
<br />Borrower Is the trustor under thiS Security Instrument
<br />V ALL E Y S TAT E BAN K & T R U S T C 0 Lender is a
<br />organized and existing under the laws of THF STATE OF
<br />Lender's address is 7723 SECOND AVF KEARNFY NE 68e7
<br />. ender is the beneficiary under
<br />
<br />NE8RASKA
<br />
<br />this Security Instrument
<br />
<br />(D) "Trustee" is FIR S T N A T TON A L BAN K 0 F 0 M A H A
<br />1670 DODGF STREET STOP 4300, OMAHA, NF
<br />
<br />68197 - 430 0
<br />
<br />-
<br />(E) "Note" means the promissory note signed by Borrower and dated F E B R U A R Y 2 8, 2 0 0 6 The Note states that "
<br />Borrower owes Lender 0 N E H U N D RED N [ NET Y T H R E E THO USA N D I H R E E HUN D RED T WEN T Y
<br />AND NO / 1 0 0 Dollars (U.S. $ 1 9 3 , 3 2 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 />MAR C H 1 7 n 3 6
<br />(F) "Property" means the property that is described below under the heading "Transfer of Rights in the Property."
<br />
<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 />
<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 />
<br />o Adjustable Rate Rider D Condominium Rider D Second Home Rider
<br />
<br />D Balloon Rider
<br />D 1-4 Family Rider
<br />
<br />D Planned Unit Development Rider
<br />D Biweekly Payment Rider
<br />
<br />D Other(s) [specify]
<br />
<br />(I) "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 />
<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 />
<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 />
<br />(L) "Escrow Items" means those items that are described in Section 3.
<br />
<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 />
<br />(N) "Mortgage Insurance" means insurance protecting Lender against the nonpayment of, or default on, the Loan.
<br />
<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 />
<br />(P) "RESPA" means the Real Estate Settlement Procedures Act (12 U.s.C S 2601 et seq.) and its implementing regulation,
<br />Regulation X (24 C. F. R. Part 3500), as they might be amended from time to time, or an~ 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 />
<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 />
<br />AFTER RECORDING RETURN TO:
<br />PLATTE VALLEY STATE BANK & TRUST CO
<br />M 0 R T GAG E LOA N D E PAR T MEN T
<br />2 2 2 3 SEe 0 N D A V E
<br />K EAR N E Y. N E 6 8 847
<br />
<br />NEBRASKA-Single F8rnily--F8nnie M8e/Freddie M8c UNIFORM INSTRUMENT
<br />3028 NE DOT 1/01 PG1
<br />
<br />Forrn 3028 1/01 (p8ge 1 of 7 p8ge5)
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