|
<br />N
<br />S
<br />S
<br />CD
<br />S
<br />W
<br />()'1
<br />~
<br />-....J
<br />
<br />~ 'tJ(":)01;,
<br />'o~~
<br />~~~~
<br />~~~~
<br />~~~ I
<br />I~~n)~
<br />:1"> ~~
<br />~ f~
<br />C() Jtv\.:.../
<br />
<br />, ,I; itf ~ H 0 '
<br />
<br /> ,......> m
<br /> <=::c::> 0 (JJ ~
<br /> c::o 0
<br /> c;.o 0 -l
<br /> ~. c:: l> N
<br /> ::3 z --; :D
<br />~ ~' = -l rn 0 m
<br />rn -= -< 0
<br />0;-) 0 )>
<br /> 0 .." 0
<br />0 CO .." en
<br />.,., r z CD Z
<br />0 ::r rT1
<br />m -0 l> OJ c::> it
<br />'""1 ::3 I :::0
<br />0 I 1> (...)
<br />{f> en C
<br /> I---' ^ U1 s:
<br /> 1> -C m
<br /> N -"-" ~
<br /> ..I: (J) -.J
<br /> (f) ::z
<br /> .0
<br />
<br />Qn
<br />-n>
<br />nCA
<br />",:I:
<br />
<br />~
<br />m
<br />"'"
<br />c:
<br />Z
<br />c
<br />~
<br />
<br />~E
<br />n:c
<br />;;l'IIii
<br />
<br />~
<br />
<br />~. - ~ -" ..
<br />
<br />WHEN RECORDED MAIL TO:
<br />CORNERSTONE BANK
<br />Grand Island Main Facility
<br />810 North Diers Avenue
<br />P.O. 801l 1074
<br />Grand Island, NE 68802-1074
<br />
<br />DEFINITIONS
<br />
<br />[Space Above This Line For Recording Data]
<br />
<br />~~
<br />
<br />DEED OF TRUST
<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 />(AI "Security Instrument" means this document, which is dated May 6, 2009, together with all Riders to this document.
<br />(BI "Borrower" is Scott A Furstenau and Heather L Furstenau; Husband and Wife, Borrower is the trustor under this Security Instrument.
<br />ICI "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. BOll 1074, Grand Island, NE 68802-1074. lender is the beneficiary under this
<br />Security Instrument.
<br />(01 "Trustee" is TIERONE BANK.
<br />lEI "Note" means the promissory note signed by Borrower and dated May 6, 2009. The Note states that Borrower owes lender
<br />Eighty-five Thousand Six Hundred Eighty & 00/100 Dollars (U.S. $85,680.00) plus interest. Borrower has promised to pay this debt in
<br />regular Periodic Payments and to pay the debt in full not later than June 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 />IHI "Riders" means all Riders to this Security Instrument that are executed by Borrower. The following Riders are to be executed by
<br />Borrower [check box as applicable):
<br />
<br />D Adjustable Rate Rider
<br />o Balloon Rider
<br />o 1 A 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 />(JI "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 />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 clearinghouse transfers.
<br />ILl "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 6) for: (j) damage to, or destruction of, the Property; (i1) condemnation or
<br />other taking of all or any part of the Property; (ili) conveyance in lieu of condemnation; or (iv) misrepresentations of, or omissions as to, the
<br />value and/or condition of the Property.
<br />IN) "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 />(PI "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 />IQ) "Successor in Interest of Borrower" means any party that has taken title to the Property, whether qr 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 />(ij) 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 400152363.
<br />
<br />which currently has the address of 4322 Blauvelt Rd, Grand Island, Nebraska 68803 ("Property Address"):
<br />
<br />Lot Two (21, Blauvelt Subdivision, Hall County, Nebraska
<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
<br />
<br />_!ft
<br />
|