|
<br />,'" " I' " , J m
<br />. '." ~
<br /> 1)~
<br /> ~ '......~ :0
<br /> c::.::o m
<br /> ~ "= (") (rl CJ
<br /> ~ ""'-,{ C>::>
<br /> 0 --j C> 6;
<br /> ::0 f'" r c:: ):'...
<br />Q z ,.:: e ;z --i N
<br />~ 0 r'rJ .\.- 2: -;1'1 ~
<br />~ ~'f- -< c,' 0
<br />m .......
<br />n ! " <.0 <.:) " C> ~
<br />~ r ...., --
<br /> c.-, ..a;,,_
<br /> n'1 :r rl'1 <:xl g
<br /> rTJ -0 1>- co C> m
<br /> 0 ::3 r- ::u ~
<br /> (J) r-l> c.n
<br /> C,..) (n ~
<br /> ^ N
<br /> 1>-
<br /> N '--" .'........... CD
<br /> 0 (tl
<br /> en -..:J
<br />
<br /> C>
<br /> .
<br /> -
<br /> .
<br />I\.) ~
<br />IS ~
<br />IS
<br />OJ
<br />IS
<br />()"J
<br />I\.)
<br />c:o Q
<br />-..J
<br />
<br />
<br />WHEN RECORDED MAIL TO:
<br />First National Bank of Wahoo
<br />Wahoo Office
<br />201 East 5th Street
<br />P.O. Box 68
<br />Wahoo, NE 680t;ti
<br />
<br />[Space Above This Line For Recording Data]
<br />
<br />~
<br />C-~
<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 June 18, 2008, together with all Riders to this document.
<br />(B) "Borrower" is Zachary D. Sloan and Melissa. C. Sloan; Husband and Wife. Borrower is the trustor under this Security Instrument.
<br />(C) "Lender" is First Na.tional Bank of Wahoo, Lender is a. a National Bank organized and existing. under the laws of the United States of
<br />America. Lender's address is Wahoo Office, 201 East 5th Street; P.O. Box 68, Wahoo, NE 68066. Lender is the beneficiary under this Security
<br />Instrument.
<br />(D) "Trustee" is First National Bank of Wahoo 201 East 5th Wahoo, NE 68066.
<br />(E) "Note" means the promissory note signed by Borrower and dated June 18,2008. The Note states that Borrower owes Lender Eighty-seven
<br />Thousand Four Hundred & 00/100 Dollars (U.S. $87,400.00) plus interest. Borrower has promised to pay this debt in regular Periodic Payments
<br />and to pay the debt in full not later than July 1, 2038.
<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 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 />o Adjustable Rate Rider
<br />
<br />o Balloon Rider
<br />
<br />o 1-4 Family Rider
<br />
<br />o Condominium Rider
<br />Cl-Pfan-ned Unit Development Rider
<br />
<br />o Biweekly Payment Rider
<br />
<br />o Second Home Rider
<br />o 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 olall 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 tnsurance" 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 this Security Instrument.
<br />
<br />TRANSFER 0FRI6HTS 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
<br />
<br />THE NORTH ONE-HALF OF LOT EIGHT, IN FAIR ACRES SUBDIVISION IN SECTION THREE TOWNSHIP ELEVEN NORTH,
<br />RANGE NINE WEST OF THE 6TH P.M. HALL COUNTY, NEBRASKA.
<br />
<br />which currently has the address of 803 E. Eilenstine Road, Grand Island, Nebraska 68801 ("Property Address"):
<br />
<br />TOGETHER WITH all the improvements now or hereafter erected on the property, and all easements, appurtenances, and fixtures now or
<br />hereafter a part of the property. All replacements and additions shall also be covered by this Security Instrument. All of the foregoing is referred
<br />
<br />NEBRASKA-Single Family-Fannie Mae/Freddie Mac UNIFORM INSTRUMENT
<br />Page 1 of 6
<br />
<br />Form 3028 1/01
<br />
|