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Rte- ENV. <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 />[Space Above This Line For Recording Data] <br />DEED OF TRUST <br />DEFINITIONS <br />'3Q..S® <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 />(A) "Security Instrument" means this document, which is dated May 28, 2009, together with all Riders to this document. <br />(8) "Borrower" is Bradley R Arends and Shree Arends; Husband and Wife. Borrower is the trustor under this Security Instrument. <br />(C) "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 />(D) "Trustee" is TIERONE BANK. <br />(E) "Note" means the promissory note signed by Borrower and dated May 28, 2009. The Note states that Borrower owes Lender One <br />Hundred Thirty -six Thousand & 00/100 Dollars (U.S. $136,000.00) plus interest. Borrower has promised to pay this debt in regular <br />Periodic Payments and to pay the debt in full not later than July 1, 2024. <br />IF) "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 <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 [check box as applicable]: <br />0 Adjustable Rate Rider Condominium Rider Second Home Rider <br />F1 Balloon Rider Planned Unit Development Rider Other(s) [specify] <br />0 1 -4 Family Rider Biweekly Payment Rider <br />(1) "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 <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 />(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 <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 0 2 U.S.C. § 2601 at 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 />(0) "Successor 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 />TRANSFER OF RIGHTS IN THE PROPERTY <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 />Real Property tax identification number is 400156989. <br />Lot Twenty (20), Kentish Hills Subdivision, in the City of Grand Island, Hall County, Nebraska <br />which currently has the address of 3820 Hampton Rd, Grand Island, Nebraska 68803 ( "Property Address "): <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 />NEBRASKA - Single Family- Fannie Mae /Freddie Mac UNIFORM INSTRUMENT Form 3028 1/01 <br />Page 1 of 6 <br />li�;, q <br />M <br />n <br />cn <br />o <br />n <br />M <br />f r, <br />c <br />v <br />v <br />cn <br />a <br />, <br />�, <br />CD <br />to <br />= <br />n <br />Q <br />ca <br />�, 2: <br />w <br />rn <br />(Z <br />ul <br />00 �■� <br />M <br />© <br />�r r <br />cn <br />CP <br />7K <br />w <br />M <br />a <br />m <br />z <br />CZ <br />cn <br />CID <br />Rte- ENV. <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 />[Space Above This Line For Recording Data] <br />DEED OF TRUST <br />DEFINITIONS <br />'3Q..S® <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 />(A) "Security Instrument" means this document, which is dated May 28, 2009, together with all Riders to this document. <br />(8) "Borrower" is Bradley R Arends and Shree Arends; Husband and Wife. Borrower is the trustor under this Security Instrument. <br />(C) "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 />(D) "Trustee" is TIERONE BANK. <br />(E) "Note" means the promissory note signed by Borrower and dated May 28, 2009. The Note states that Borrower owes Lender One <br />Hundred Thirty -six Thousand & 00/100 Dollars (U.S. $136,000.00) plus interest. Borrower has promised to pay this debt in regular <br />Periodic Payments and to pay the debt in full not later than July 1, 2024. <br />IF) "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 <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 [check box as applicable]: <br />0 Adjustable Rate Rider Condominium Rider Second Home Rider <br />F1 Balloon Rider Planned Unit Development Rider Other(s) [specify] <br />0 1 -4 Family Rider Biweekly Payment Rider <br />(1) "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 <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 />(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 <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 0 2 U.S.C. § 2601 at 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 />(0) "Successor 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 />TRANSFER OF RIGHTS IN THE PROPERTY <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 />Real Property tax identification number is 400156989. <br />Lot Twenty (20), Kentish Hills Subdivision, in the City of Grand Island, Hall County, Nebraska <br />which currently has the address of 3820 Hampton Rd, Grand Island, Nebraska 68803 ( "Property Address "): <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 />NEBRASKA - Single Family- Fannie Mae /Freddie Mac UNIFORM INSTRUMENT Form 3028 1/01 <br />Page 1 of 6 <br />li�;, q <br />