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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 />Word~ 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 />HUSBAND AND WIFE
<br />
<br />, together with all Riders to this
<br />
<br />(A) "Security Instrument" means this dooument, whioh is dated MAR C H 2 2 ,
<br />dooument.
<br />(B) "Borrower" is E R I C R S HUM A NAN 0 R E B E C C A A R U S S .
<br />
<br />2007
<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 CO. Lender is a
<br />organized and existing under the laws of THE STATE OF
<br />Lender's address is 111123 SECONO AVE KFARNFY NE 5RR47
<br />. Lender is the beneficiary under
<br />
<br />PLATTE
<br />
<br />NFBRASKA
<br />
<br />this Security Instrument.
<br />(0) "Trustee" is P L A T T E v ALL E Y S TAT E BAN K & T R U S T CO.
<br />22113 SECOND AVENUE. KFARNEY. NF 68847
<br />
<br />-
<br />(E) "Note" means the promissory note signed by Borrower and dated MAR C H 22. 2 0 07 . The Note states that
<br />Borrower owes Lender 0 N E R U N D R E 0 FOR T Y F I V E I H 0 USA N DAN D N 0 J 1 0 0
<br />Dollars (U.S. $ 1 4 5 , 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 />A P R J I 1 2 0 2 11
<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 oharges due under the Note, and
<br />all sums due under this Seourity 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 0 Planned Unit Development Rider 0 Other(s) [specify]
<br />
<br />D 1-4 Family Rider 0 Biweekly Payment Rider
<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 judiciai 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 electronio terminal, telephonic instrument, computer, or magnetic tape so as to order,
<br />instruct, or authorize a finanoial 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 roceeds paid under the coverages described in Section 5) for: (i) dam a e to, or destruction of, the Property;
<br />ii) condemnation or ot~er taking of all or any part of the Property; (iii) conveyance in lieu of con~emnatlon; or (iv) misrepresentations
<br />of, or omissions as to, the value and/or condition of the Property.
<br />
<br />(N) "Mortgage Insurance" means insurance proteoting Lender against the nonpayment of, or default on, the Loan.
<br />
<br />(0) IIPeriodlc Payment" means the regularly soheduled amount due for (I) prinoipal and Interest under the Note, plus (II) any
<br />amounts under Secflon 3 of this Security Instrument.
<br />
<br />(P) "RESPA" means the Real Estate Settlement Procedures Act (12 U.S.C. ~ 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 govems 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 RESP A.
<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 ~d1or this Security Instrument.
<br />
<br />AFTER RECORDING RETURN TO:
<br />PLATTE VALLEY STATE BANK & TRUST CO
<br />MORTGAGE LOAN DEPARTMENT
<br />2223 SECOND AVE
<br />KEARNEY, NE 68847
<br />
<br />NEBRASKA-BIn;I" Femlly-Fannl. M""'F,otddI" Mec UNIFORM INSTRUMENT
<br />3028 NE DOT 1101 POl
<br />
<br />Form 3028 1101 (~" 1 c( 7l"1li-)
<br />
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