|
<br />.
<br /> iii
<br />N :"" OlD Qj ~
<br />Gl ~ m C;..;>
<br /> c:::::>
<br />Gl -n ~~ --
<br />""-./ c: rn .
<br />Gl () Z ():r C-
<br />i '" ~~f c=
<br />CJl ::r ~ 0 r-
<br />CD tTl ~:i
<br />CJl
<br />0) () U"J .......
<br /> '" :I: -., w
<br /> !1 Cj) ~
<br /> m t -0
<br /> m ::3
<br /> Q;;I
<br /> IJ>
<br /> C,.,).
<br /> -.t:
<br /> f'\,)
<br />
<br />
<br />WHEN RECORDED MAIL TO:
<br />Cornerstone Bank
<br />Aurora Facility
<br />1206 13th Street
<br />P.O. Box 386
<br />Aurora, NE 68818~0386
<br />
<br />[Space Above This Line For Recording Data]
<br />
<br />PURCHASE MONEY DEED OF TRUST
<br />
<br /><7> (JJ :J
<br />0 -i 0 or
<br /><:: )>- N @
<br />Z -l
<br />-i rn 0 a.
<br />-< C> ~
<br />0> '"TJ 0
<br />...., :z -J 5"
<br />:J: m
<br />:t>- o;! 0 g
<br />r- :::'0
<br />r :t>- CI1
<br /> tF> CD ~
<br /> ::>."
<br /> J> U1
<br />............"~
<br />(fl en Z
<br />(1)
<br /> ~,( 0
<br />
<br />~
<br />,~
<br />
<br />DEFINITIONS
<br />
<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 document, which is dated July 13, 2007, together with all Riders to this document.
<br />(B) "Borrower" is Troy Dee Keilig and Rachael Ann Robinson-Kellig; Husband and Wife. Borrower is the trustor under this Security
<br />Instrument.
<br />(C) "lender" is Cornerstone Bank. lender is a Corporation organized and existing under the laws of Nebraska. lender's address is
<br />Aurora Facility, 1206 13th Street, P.O. Box 386, Aurora, NE 68818~0386. Lender is the beneficiary under this Security Instrument.
<br />(D) "Trustee" is TIERONE BANK.
<br />(EI "Note" means the promissory note signed by Borrower and dated July 13, 2007. The Note states that Borrower owes Lender
<br />Eighty-five Thousand Four Hundred Five & 00/100 Dollars (U.S. $85.405.00) plus interest. Borrower has promised to pay this debt in
<br />regular Periodic Payments and to pay the debt in full not later than August 1, 2037.
<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 all
<br />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 />
<br />D Adjustable Rate Rider
<br />D Balloon Rider
<br />D 1 A 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 />(I) "Applicable law" means all controlling applicable federal, state and local statutes, regulations, ordinances and administrative rules and
<br />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 imposed on
<br />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, instruct, or
<br />authorize a financial institution to debit or credit an account. Such term includes, but is not limited to, point-of-sale transfers, automated
<br />teller machine transactions, transfers initiated by telephone, wire transfers, and automated clearinghouse 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 (other than
<br />insurance proceeds paid under the coverages described in Section 5) for: (j) damage to, or destruction of, the Property; (ii) condemnation or
<br />other taking of all or any part of the Property; (iii) conveyance in lieu of condemnation; or (iv) misrepresentations of, or omissions as to, the
<br />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 amounts
<br />under Section 3 of this Security Instrument.
<br />(P) "RESPA" means the Real Estate Settlement Procedures Act (12 U.S.C. !!i 2601 et seq.) and its implementing regulation, Regulation X
<br />(24 C.F.R. Part 3500), as they might be amended from time to time, or any additional or successor legislation or regulation that governs
<br />the same subject matter. As used in this Security Instrument. "RESPA" refers to all requirements and restrictions that are imposed in
<br />regard to a "federally related mortgage loan" even if the Loan does not qualify as a "federally related mortgage loan" under RESPA.
<br />(0) "Successor in Interest of Borrower" means any party that has taken title to the Property, whether or not that party has assumed
<br />Borrower's obligations under the Note and/or this Security Instrument.
<br />
<br />TRANSFER OF RIGHTS IN THE PROPERTY
<br />
<br />This Security Instrument secures to Lender: (j) the repayment of the Loan, and all renewals, extensions and modifications of the Note; and
<br />(ii) the performance of Borrower's covenants and agreements under this Security Instrument and the Note. For this purpose, Borrower
<br />irrevocably grants and conveys to Trustee, in trust, with power of sale, the following described property located in the County of Hall:
<br />
<br />Real Property tax identification number is 400123290.
<br />
<br />lot Ten (10), Block Forty-Six (46). in Russel Wheeler's Addition to the City of Grand Island, Hall County, Nebraska
<br />
<br />which currently has the address of 604 W. 11th St., Grand Island, Nebraska 68801 ("Property Address"):
<br />(All or part of the purchase price of the Property is paid for with the money loaned).
<br />
<br />TOGETHER WITH all the improvements now or hereafter erected on the property, and all easements, appurtenances, and fixtures now
<br />or hereafter a part of the property. All replacements and additions shall also be covered by this Security Instrument. All of the foregoing is
<br />
<br />NEBRASKA-Single Family-Fannie Mae/Freddie Mac UNIFORM INSTRUMENT
<br />Page 1 of 6
<br />
<br />Form 3028 1/01
<br />
<br />~G
<br />
|