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<br />WHEN RECORDED MAIL TO:
<br />Howard County Bank a branch of Sherman County
<br />--Bank- m __m_""
<br />St Paul
<br />PO Box 84
<br />St. Paul, NE 68873
<br />
<br />[Space Above This Line For Recording Data]
<br />
<br />DEED OF TRUST
<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. Certain
<br />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 April 7, 2008, together with all Riders to this document.
<br />(B) "Borrower" is Dion J Friesz, whose address is 4230 Michigan Ave, Grand Island, NE 68801 and Debra S Friesz, whose address is 4230
<br />Michigan Ave, Grand Island, NE 68801; husband and wife, as joint tenants, not tenants in common,. Borrower is the trustor under this Security
<br />Instrument.
<br />(C) "Lender" is Howard County Bank a branch of Sherman County Bank. Lender is a a Nebraska Corporation organized and existing under the
<br />laws of Nebraska. Lender's address is St Paul, PO Box 84, St. Paul, NE 68873. Lender is the beneficiary under this Security Instrument.
<br />(D) "Trustee" is Sherman County Bank.
<br />(E) "Note" means the promissory note signed by Borrower and dated April 7, 2008. The Note states that Borrower owes Lender One Hundred
<br />Ten Thousand & 00/100 Dollars (U.S. $110,000.00) plus interest. Borrower has promised to pay this debt in regular Periodic Payments and to pay
<br />the debt in full not later than May 1, 2038.
<br />(F) "Property" means the properly that is described below under the heading "Transfer of Rights in the Properly."
<br />(G) "Loan" means the debt evidenced by the Note, plus interest, any prepayment charges and late charges due under the Note, and all sums
<br />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 Borrower
<br />[check box as applicable]:
<br />
<br />D Adjustable Rate Rider
<br />
<br />D Balloon Rider
<br />
<br />D 1-4 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 />(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 instrument,
<br />which is initiated through an electronic terminal, telephonic instrument, computer, or magnetic tape so as to order, instruct, or authorize a financial
<br />institution to debit or credit an account. Such term includes, but is not limited to, point-of-sale transfers, automated teller machine transactions,
<br />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; (i) damage to, or destruction of, the Property; (ii) condemnation or other
<br />taking of all or any part of the Property; (iii) conveyance in lieu of condemnation; or (iv) misrepresentations of, or omissions as to, the value and/or
<br />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 under
<br />Section 3 of this Security Instrument.
<br />(P) "RESPA" means the Real Estate Settlement Procedures Act (12 U.S.C. ~ 2601 et seq.) and its implementing regulation, Regulation X (24
<br />C.F.R. Part 3500), as they might be amended from time to time, or any additional or successor legislation or regulation that governs the same
<br />subject matter. As used in this Security Instrument, "RESPA" refers to all requirements and restrictions that are imposed in regard to a "federally
<br />related mortgage loan" even if the Loan does not qualify as a "federally 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 assumed Borrower's
<br />obligations under the Note and/or 1I1isS9curiivJnstrument.
<br />
<br />TRANSFER OF RIGHTS IN THE PROPERTY
<br />
<br />This Security Instrument secures to Lender: (i) the repayment of the Loan, and all renewals, extensions and modifications of the Note; and (ii) the
<br />performance of Borrower's covenants and agreements under this Security Instrument and the Note. For this purpose, Borrower irrevocably grants
<br />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 400153556.
<br />
<br />Lot Slle (6), Block Two (2), In Capital Heights Fourth Subdivision in the Ctty of Grand Island, Hall County, Nebraska
<br />which currently has the address of 4230 Michigan Ave, Grand Island, Nebraska 68801 ("Property Address"):
<br />TOGETHER WITH all the improvements now or hereafter erected on the property, and ali easements, appurtenances, and fixtures now or
<br />
<br />NEBRASKA-Single Family-Fannie Mae/Freddie Mac UNIFORM INSTRUMENT
<br />Page 1 of 6
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