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<br />DEED OF TRUST
<br />
<br />MIN: 100416700003705457
<br />
<br />DEFINITIONS
<br />
<br />Words used in multiple sections of this document are defined below and other words are defined in Sections 3, I I, 13, 18,20
<br />and 2 I. Certain rules regarding the usage of words used in this document are also provided in Section 16.
<br />
<br />(A) "Security Instrument" means this document, which is dated July 13th
<br />all Riders to this document.
<br />(B) "Borrower" is Brandon S Otto and Amy L Otto, husband and wife
<br />
<br />, --1.007 , together with
<br />
<br />."
<br />Borrower is the trustor under this Security Instrument.
<br />(C) "Lender" is Chartt:rWest National Bank
<br />is a Corporation organized and existing under the laws of the State of Nebraska
<br />Lender's address is 710 N Diers Avenue Suite M Grand Island, NE 68803
<br />(D) "Trustee" isCh~!e-"West Nation~1 Bank 201 South Main Street West Point, NE 68788
<br />
<br />. Lender
<br />
<br />(E) "MERS" is Mortgage Electronic Registration Systems, Inc. MERS is a separate corporation that is acting solely as a
<br />nominee for Lender and Lender's successors and assigns. MERS is the beneficiary under this Security Instrument.
<br />MERS is organized and existing under the laws of Delaware, and has an address and telephone number of P.O. Box 2026,
<br />Flint, MI4850I-2026, tel. (888) 679-MERS.
<br />(F) "Note" means the promissory note signed by Borrower and dated July 13th 2007 . The Note
<br />states that Borrower owes Lender One Hundred Sixteen Thousand Two Hundred Fifty and 00/100
<br />'. Dollars (U.S. $116,250,00 ) plus interest. Borrower has promised
<br />to pay this debt in regular Periodic Payments and to pay the debt in full not later than August 1,2037
<br />(G) "Property" means the property that is described below under the heading "Transfer of Rights in the Property."
<br />(H) "Loan" means the debt evidenced by the Note, plus interest, any prepayment chargcs and late charges due under the
<br />Note, and all sums due under this Security Instrument, plus interest.
<br />(I) "Riders" means all Riders to this Security Instrument that are executed by Borrower. The following Riders are to be
<br />executed by Borrower [check box as applicable]:
<br />
<br />D Adjustable Rate Rider
<br />D Balloon Rider
<br />D I -4 Family Rider
<br />
<br />D Condominium Rider
<br />D Planned Unit Development Rider
<br />D Biweekly Payment Rider
<br />
<br />D Second Home Rider
<br />D Other(s) [specify]
<br />
<br />(J) "Applicable Law" means all controlling applicable federal, state and local statutes, regulations, ordinances and
<br />administrative rules and orders (that have the effect oflaw) as well as all applicable final, non-appealable judicial opinions.
<br />(K) "Commu nity 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 />(L) "Electronic .'unds Transfer" means any transfer offunds, othcr than a transaction originated by check, draft, or similar
<br />paper instrument, which is initiated through an electronic terminal, telephonic instrument, computer, or magnetic tape so as
<br />to order, instruct, or authorize a financial institution to debit or credit an account. Such term includes, but is not limited to,
<br />point-of-sale transfers, automated tcller machine transactions, transfers initiated by telephone, wire transfers, and automated
<br />clearinghouse transfers.
<br />(M) "Escrow Items" means those items that are described in Section 3.
<br />(N) "M iscella neous 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
<br />Property; (ii) condemnation or other taking of all or any part of the Property; (iii) conveyance in lieu of condemnation; or
<br />(iv) misrepresentations of, or omissions as to, the value and/or condition ofthe Property.
<br />(0) "Mortgage Insurance" means insurance protecting Lender against the nonpayment of, or default on, the Loan.
<br />(P) "Periodic Payment" mcans the regularly scheduled amount due for (i) principal and interest under the Note, plus (ii)
<br />any amounts under Section 3 of this Security Instrument.
<br />
<br />NEBRASKAnSinglc Family--FlInnie Mae/Freddie Mac UNIFORM INSTRUMENT
<br />12439,CV (1/05) 901264
<br />
<br />(MERS)
<br />
<br />Form 3028 1101 (page 1 oj 8 pages)
<br />Creative Thinking, Inc.
<br />
<br />GOTO(0005eh82)
<br />
<br />Return To:
<br />CharterWest National Bank
<br />710 N Diers Avenue Suite M
<br />Grand Island, NE 68803
<br />
<br />7t21/d
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