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<br />(Space Above This line For Recording Data)
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<br />\..- ----
<br />
<br />DEED OF TRUST
<br />
<br />DEFINITIONS
<br />
<br />'I 5. 50
<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
<br />and 21. Certain rules regarding the usage of words used in this document are also provided in Section 16.
<br />(A) "Security Instrument" means this document, which is dated...................... OS.-.1.5:.20.01..........................., together
<br />with all Riders to this document.
<br />(B) "Borrower" is .O.ONA~.O. E... ~RAVES. AND .6.ARaARA A, .GRAVES, .H.US!M.N.O. AND WIfE...................................."......
<br />
<br />Borrower is the trustor under this Security Instrument.
<br />(C) "Lender" is TOWN..~ .COU.NTW( .a.ANK................................ .................................................................. .
<br />Lender is a .C.ORPO.RATlO.N...................................................................................... o(F.anized and eXistin~ under
<br />the laws of .T1:I.E.STAIE.OF.NE6RASKA............................... . Lender's address is .P.O.6.0X.4..r.4.2~..G.RANO..AVE...UE.....
<br />
<br />RAVENNA, N.~. .aaa.aa....................................................................................................................... ......
<br />
<br />Lender is the beneficia:~ under this securi~ Instrument.
<br />(D) "Trustee" is .lOw... &..COVI\ITRY. .eA..K. 42.~.~HANO.AYJ, to, .eOXA.O. .~.AY~.I\INA,.NE. .e.aa.ea............ _. _................ .
<br />(E) "Note" means the promissory note signed by Borrower and dated 09.-.1.5:.200.7........................................ _....... . The
<br />Note states that Borrower owes Lender IHREEHUNDRED.T.WENIYHVETHOUSAND.AND..N.OIlO'O.............................._
<br />.................................................. Dollars (D .S. $ .~~5JOO.O,O.O...................) plus interest. Borrower has promised to
<br />pay this debt in regular Periodic Payments and to pay the debt in full not later than ................... .09.-20.-20.12. . . . . . . . . . . . . . . . . . .
<br />
<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,
<br />and all sums due under this Security Instrument, plus interest.
<br />(H) "Riders" means all Riders to this Security Instrwncnt that are executed by Borrower. The following Riders are to be
<br />executed by Borrower r check box as applicable]:
<br />o Adjustable Rate Rider D Condominium Rider
<br />o Balloon Rider D Planned Unit Development Rider
<br />D 1-4 Family Rider D Biweekly Payment Rider
<br />(I) "Applicable Law" means all controlling applicable federal, state and local statutes, regulations, ordinances and
<br />administrative rules and 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
<br />imposed on 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
<br />paper instrument, which is initiated through an electronic teoninal, telephonic instrument, computer, or magnetic tape so as to
<br />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, aulomated teller machine transactions, transfers initiated by telephone, wire transfers, and automated
<br />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
<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 (iv)
<br />misrepresentations of, or omissions as to, the 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
<br />amounts under Section 3 of this Security Instrument.
<br />(P) "RESPA" means the Real Estate Settlement Procedures Act (12 V.S.C. ~2601 et seq.) and its implementing regulation,
<br />Regulation X (24 C.P.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 rclated mortgage loan" even if the Loan does not qualify as a "federally
<br />related mortgage loan" under RESPA.
<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 />D Second Home Rider
<br />D Other(s) [specify] .......................
<br />
<br />Form 3028 110 1
<br />
<br />NEBRASKA-Single Family-Fannie Mae/Freddie Mac UNIFORM INSTRUMENT ~'L JA",~ '-" / 11111111111111111111111111111111111
<br />Bankers Systems, Inc.. St, Cloud, MN Form MD-'-NE B/17/2000 -r /.,..--::.
<br />rof 1/2001 (page 1 of 7 pa :,~ " J B 2 A 0
<br />
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