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<br />WHEN RECORDED MAIL TO:
<br />CORNERSTONE BANK
<br />Grand Island Main Facility
<br />810 North Diers Avenue
<br />P.O. Box 1074
<br />Grand Island. NE 68802-1074
<br />
<br />3d.5"tIJ
<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 .
<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 April 10, 2009, together with all Riders to this document.
<br />(BI "Borrower" is Todd E Latta and Janet L Latta; Husband and Wife. Borrower is the trustor under this Security Instrument.
<br />IC) "Lender" is CORNERSTONE BANK. Lender is a Corporation organized and existing under the laws of Nebraska. Lender's address is
<br />Grand Island Main Facility, 810 North Diers Avenue, P.O. Box 1074, Grand Island, NE 68802-1074. Lender is the beneficiary under this
<br />Security Instrument.
<br />(0) "Trustee" is TIERONE BANK,
<br />lEI "Note" means the promissory note signed by Borrower and dated April 10, 2009, The Note states that Borrower owes Lender One
<br />Hundred Ten Thousand & 00/100 Dollars (U.S. $110,000,00) plus interest. Borrower has promised to pay this debt in regular Periodic
<br />Payments and to pay the debt in full not later than May 1, 2024.
<br />(F) "Property" means the property that is described below under the heading "Transfer of Rights in the Property,"
<br />IG) "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 lcheck box a~ applicablel:
<br />
<br />o Adjustable Rate Rider
<br />o Balloon Rider
<br />o 1-4 Family Rider
<br />
<br />o Condominium Rider
<br />o Planned Unit Development Rider
<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 Duell. Fees, end AlIlIellSments" 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 />IK) "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 claaringhouse transfers.
<br />(L) "Escrow Items" means those items that are described in Section 3.
<br />(MI "MiscellaneoUIl 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
<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. ~ 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 />(a) "Succenor 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: (i) 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 400012995.
<br />
<br />Lot Two (2), Ashton Place Second in the City of Grand Island, Hall County, Nebraska
<br />
<br />
<br />which currently has the address of 204 Ingalls St, Grand Island, Nebraska 68803 ("Property Address"):
<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 />referred to in this Security Instrument as the" Property."
<br />
<br />NEBRASKA-Single Family-Fannie Mae/Freddie Mac UNIFORM INSTRUMENT
<br />Page 1 of 6
<br />
<br />Form 3028 1/01
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