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~~ ~ ~ ~ ~ [7 ~ r~ <br />~~ ~I ~ <br />Z ~ m Z ~ ~ r~ ~ ~ _ <br />{~] _ N m c717 ~ m <br />.. r_, ~ ~ <br />e ~~"~ ~ O ~ W ~ .. C~Il ~ ~ Q Ca/7 <br />~~ 1 "D <br />Q ~~ m -p D C~ C? C/a <br />~~ r~ r- ."~ --1 <br />N ~~ ~ ~ c~ ~ ~ C~r~ ~ C <br />11 ~ ~ O t..._a ~ rV ~ <br />o zy ~,, m <br />,~ ~..'.~... 2, <br />~~ ~ ci't c11'i ~ ~"1 <br />~~ ~ ZU" <br />~~ <br /> <br />[Space Above This Line For Recording Data] <br />3 r, So <br />DEFINITIONS <br />DEED 4F TRUST <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 wards used in this document are also provided in Section 16. <br />(A) "Security Instrument" means this document, which is dated JANUARY 2 5 , 2 0 1 0 , tngether with all Riders to this <br />document. <br />(B)"Borrower"is SHAWN L MULLIGAN AND STEPHANIE J MULLIGAN. AS HUSBAND AND WIFE <br />orrnwer is the trustor under this Security nstrument. <br />(C)"Lender"is PLATTE VALLEY STATE BANK & TRUST CO .Lenderisa <br />,~_O R P 0 R A T I 0 N organize an existing under the laws o_ THE STATE OF <br />N ,~ [] A A S K A _ .Lender's address is 2223 SECOND AVE KEARNEY _ NE 68647 <br />Lender is the beneficiary under <br />this Security Instrument. <br />(D)"Trustee"is PLATTE VALLEY STATE BANK 8, TRUST CO. <br />2223 SECOND AVENUE. KEARNEY. NE 68847 <br />(E) "Note" means the promissory note signed by Borrower and dated JANUARY 2 5 , 2 0 1 0 The Note states that <br />Borrower owes Lender T W E N T Y T O T H O U S A N D F I 1 0 0 <br />orrnwer as promised to pay this debt in regu ar er o is ayments and to pay the debt in not ater t an <br />,,jw,EBRUARY 1 _ 2D17 <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 <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 fallowing Riders are to be executed by <br />Borrower [check box as applicable]: <br />^ Adjustable Rate Rider ^ Condominium Rider ^ Second Mome Rider <br />[~ Balloon Rider ^ Planned Unit Development Rider ^ Other(s) [specify] <br />^ 1-4 Family Rider ^ Biweekly Payment Rider <br />(1) "Applicable Law" means all controlling applicable federal, state and Incal 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 ar 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 nr 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 3. <br />M) "Miscellaneous Proceeds" means any compensation, settlement, award of damages, or proceeds paid by any third parry <br />other than insurance proceeds paid under the coverages described in Section 5) for: (i) damage to, nr destruction of, the Property; <br />ii) condemnation or other taking of all or any dart of the Prope-ty; (iii) conveyance in lieu of condemnation; or (iv) misrepresentations <br />of, or omissions as to, the 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 PaXment" 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 Real Estate Settlement Procedures Act (12 U.S.C. X2601 et seq.) and its implementing regulation, <br />Regulation X (24 C.F.R. Part 35p0), as they might be amended from time to time, or any additional ar successor legislation or <br />regulation that governs the same subject matter. As used in this Security Instrument, "RESPA" refers to all requirements and <br />restnctions that are imposed in regard to a "federally related mortgage loan" even if the Loan does not qualify as a "federally related <br />mortgage loan" under RESPA. <br />(Q) "Successor in Interest of Borrower" means any parry 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 RECORDINQ RErURN TO: <br />PLATTE VALLEY STATE BANK & TRUST CO <br />MORTGAGE LOAN DEPARTMENT <br />2223 SECOND AVE <br />KEARNEY. NE 68$47 <br />NEBRASKA-•Singb Family-Panora Mae/Freddk Mac UNIFORM INSTRUMENT Farm 3028 7101 (page 1 d 7 pages) <br />8028 NE DOT 1/01 PGt <br />