|
<br />, ,
<br />'i .,
<br />
<br />I
<br />z
<br />g
<br />en
<br />..
<br />
<br />!i!t
<br />~%
<br />
<br />N
<br />CSl
<br />CSl
<br /><Xl
<br />....
<br />S
<br />W
<br />.......
<br />....
<br />
<br />(t>> )LL !>1C,k L{ p)
<br />WHEN ~CORDED MAIL TO:
<br />Sherman County Bank
<br />Loup City
<br />PO Box 543
<br />734 '0' Street
<br />Loup City, NE 688530-0643
<br />
<br />(/')
<br />en
<br />
<br />o
<br />N
<br />o
<br />c:::>
<br />0)
<br />1----&
<br />o
<br />W
<br />-:J
<br />~
<br />
<br />I
<br />~
<br />~
<br />I
<br />lS
<br />
<br />n
<br />~R
<br />R:c
<br />
<br />
<br /> '....3
<br /> c::::.
<br /> <=>
<br /> "'-,:\.. ClQ
<br /> r-~ CJ
<br />;;0 " , t"T1
<br />~~~ C'?
<br />N
<br />...." ...c
<br />0 t'
<br />(TJ ::0
<br />,.." ::3
<br />Cl
<br />(/) .......
<br /> <=:)
<br /> ,........
<br /> <:::)
<br />
<br />o .(j)
<br />o -i
<br />c:: X:>-
<br />z-i
<br />-1m
<br />-<0
<br />o ...,
<br />""z
<br />:!: n1
<br />X:>- OJ
<br />r :::u
<br />.X:>-
<br />CI)
<br />:;0;:
<br />l>
<br />
<br />-
<br />
<br />I
<br />
<br />,
<br />
<br />
<br />~..............
<br />
<br />[Space Above This Line For Recording Data]
<br />
<br />DEED OF TRUST
<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. 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 December 23, 2008, together with all Riders to this document.
<br />(B) "Borrower" is MICHAEL A DEINES, whose address is 508 N HWY 11, CAIRO, NE 68824 and LIANE L DEINES, whose address Is 508 N
<br />HWY 11, CAIRO, NE 68824; husband and wife, as joint tenants, not tenants in common,. Borrower Is the trustor under this Security Instrument.
<br />(C) "Lender" is Sherman County Bank. Lender is a a Nebraska Corporation organized and existing under the laws of Nebraska. Lender's
<br />address is Loup City, PO Box 543, 734 '0' Street, Loup City, NE 68853-0543. 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 December 23, 2008. The Note states that Borrower owes Lender Sixty
<br />Thousand & 00/100 Dollars (U.S. $60,000.00) plus interest. Borrower has promised to pay this debt In regular Periodic Payments and to pay the
<br />debt in full not later than January 1, 2039.
<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 />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; (i1) 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 (i1) 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 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 400171880.
<br />
<br />A tract of land comprising a part of the Southwest Quarter of the Southwest Quarter (SW1/4SW1/4) of Section Eighteen (18),
<br />Township Twelve (12) North, Range Eleven (11) West of the 6th P.M., Hall County, Nebraska, and more particularly described as
<br />follows:
<br />
<br />First to ascertain the point of beginning, start at the northwest corner of said Southwest Quarter of the Southwest Quarter
<br />(SW1I4SW1I4); thence S 89055'10" E, along and upon the north line of said Southwest Quarter of the Southwest Quarter
<br />(SW1/4SW1I4), a distance of Fifty Six and Two Tenths (56.20) feet to a point on the easterly right of way line of State Highway No. 11,
<br />
<br />NEBRASKA-Single Family-Fannie Mae/Freddie Mac UNIFORM INSTRUMENT
<br />Page 1 of 6
<br />
<br />For~.3 .8 1/0... .1
<br />Initials:....
<br />
<br />(/{r
<br />
|