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<br />[Space Above This Line For Recording Data]
<br />
<br />DEED OF TRUST
<br />
<br />DEFINITIONS
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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 />(B) "Borrower" is
<br />
<br />JOHN STEFFES AND KATHRYN STEFFES. AS HUSBAND AND WIFE
<br />
<br />S E P TE M B E R 29, 2006 , together with all Riders to this
<br />
<br />(A) "Security Instrument" means this document, which is dated
<br />document.
<br />
<br />(C) "lender" is
<br />NFBRASKA
<br />
<br />. Borrower IS the trustor under this Secunty 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 THE STATE OF
<br />Lender's address is ???3 SFCOND AVF KEARNEY. NE 68847
<br />. Lender is the beneficiary under
<br />
<br />PLATTE
<br />
<br />this Security Instrument.
<br />
<br />(D) "Trustee" is FIR S T N A T ION A L BAN K 0 F 0 M A H A
<br />16?O OOOGF STRFFT STOP 4300. OMAHA. NE
<br />
<br />681 q 7 - 430 0
<br />
<br />-
<br />(E) "Note" means the promissory note signed by Borrower and dated S E P T E M B E R 2 9. 2 0 0 6 . The Note states that
<br />Borrower owes Lender TWO HUN D RED TWO THO USA N D r I V t HUN D RED AND N 0 / 1 0 0
<br />Dollars (U.S. $ 2 0 2 , 5 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 />OCTORFR 1 ?036
<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 0 Condominium Rider 0 Second Home Rider
<br />
<br />o Balloon Rider
<br />01-4 Family Rider
<br />
<br />D Planned Unit Development Rider
<br />o 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 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 />
<br />(0) "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 />MORTGAGE LOAN DEPARTMENT
<br />2 2 2 3 SEe 0 N D A V E
<br />K EAR N E Y, N E 6 8 8 4 7
<br />
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<br />
<br />NEBRASKA-Singh, Family-Fannia Ma."lF...ddie Mac UNIFORM INSTRUMENT
<br />3028 NE DOT 1/01 PCl1
<br />
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