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<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 />
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