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<br />[Space Above This line Far Recording Data
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<br />DEED OF TRUST ~~
<br />DEFINITIONS + ~
<br />Words used in multiple sections of this document are defined below and other words are defined in Sections 3, 11, 13, 18, 2D and 21.
<br />Certain rules regarding the usage of words used in this document are also provided in Section 16.
<br />(A) "Security Instrument" means this document, which is dated MAY 2 1 , 2 0 0 9 ,together with all Riders to this
<br />document.
<br />(B)"Borrower"is JONATHAN R HODSDN AND HDLLI J HODSON, A5 HUSBAND AND WIFE
<br />orrower is t e trustor un er is ecurlty nstrument.
<br />(C)"lender"is PLATTE VALLEY STATE BANK & TRUST CD Lenderisa
<br />organize and existing un er t e aws o THE STATE DF
<br />NEBRASKA en er s a Tess is
<br />en er Is the ene iciary un er
<br />t is ecurlty nstrument.
<br />(D)"Trustee"is FIRST NATIONAL BANK OF OMAHA
<br />(E) "Note" means the promissory note signed by Borrower and dated MAY 2 1 . 2 0 0 9 The Note states that
<br />BBorrowerowesLender ONE HUNDRED SIXTY ONE THOU SIX AND
<br />\"• .N
<br />pay t Is a in regu ar erio is ayments and to pay the de t in u no ater t an
<br />JUNE 1. 2D24„_,
<br />(F) "Property" means the property that is described below under tha 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
<br />all 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 />BBorrower [check box as applicable]:
<br />^ Adjustable Rate Rider ^ Condominium Rider ^ Second Home Rider
<br />^ Balloon Rider ^ Planned Unit bevelopment Rider ^ Other(s) [specify] _
<br />^ 1-4 Family Rider ^ Biweekly Payment Rider
<br />(I) "Applicable law" means all controlling applicable federal, state and local statutes, regulations, ordinances and administrative
<br />rules and' 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
<br />Imposed on 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
<br />instrument, which is initiated through an electronic terminal, telephonic instrument, computer, or magnetic tape so as to order,
<br />instruct, or authorize a financial institution to debit ar credit an account. Such term includes, but is not limited to, point-of-sale
<br />transfers, automated teller machine transactions, transfers initiated by telephone, wire transfers, and automated clearinghouse
<br />transfers.
<br />(l) "Escrow Items" means those items that are described in Section ~.
<br />M) "Miscellaneous Proceeds" means any compensation, settlement, award of damages, or proceeds paid by any third party
<br />other than insurance proceeds paid under the coverages described in Section 5) for: (i) damage to, or destruction of, tha Property;
<br />ii) condemnation or other taking of all or any part of the Property; (iii) conveyance In lieu of condemnation; or (iv) misrepresentations
<br />of, or omissions as to, the value and/or con itlon of the Property.
<br />(N) "Mortgage Insurance" means insurance protecting Lender against the nonpayment of, ar default on, the Loan.
<br />(O) "Periodic Payment" means the regularly scheduled amount due for (i) principal and interest under the Note, plus (ii) any
<br />amounts under Section 3 of this Security Instrument.
<br />(P) "RESPA" means the Reat Estate Settlement Procedures Act (12 U.S.C. § 26D1 et seq.) and its implementing regulation,
<br />sgulation X (24 C: F. R. Part 35D0), as they might be amended from time to time, or an additional or successor legislation or
<br />regulation that governs the same subject matter. As used in this Security Instrument, "RESPA" refers to all requirements and
<br />restrictions that are imposed in regard to a "federally related mortgage loan" even if the Loan does not qualify as a "federally related
<br />mortgage Icon" 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
<br />assumed Borrower's obligations under the Note and/or this Security Instrument.
<br />AFTER RECORDING RETURN TO:
<br />PLATTE VALLEY STATE BANK & TRUST CO
<br />MORTGAGE LOAN DEPARTMENT
<br />2223 SECOND AVE
<br />KEARNEY, NE 68847
<br />NEBRASKA-Singls Family-Fannla Mae/Freddla Mec UNIFORM INSTRUMENT Ferm 3028 1/01 (pegs 1 of 7 page)
<br />3028 NE DOT 1/01 P(31 ~C (~ 'I,a ~~
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