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<br />DEFINITIONS
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<br />[Space Above This Line For Recording Data]
<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
<br />and 21. 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 ........................ Q4.16~~01,Q _ _ _ _ _ , .. _ _ . _ _ , . , .. , , , , , , , , , , , , together
<br />with all Riders to this document.
<br />(B) "Borrower" is MICHAEL~.,SPERRYA,144,PATRICI~K..SPERRY,HUSBANp~A)p,~(If,~ ..................................................................
<br />Borrower is the trustor under this Security Instrument.
<br />................
<br />(C) "Lender" is BANK OF ~UNIPHAN ......................................................................................................... .
<br />Lender is a .GORE'QR.ATIQN ........................................................................................... organized and existing under
<br />the laws of .THE: STATE: UE: NEi3RA~KA .........................................Lender's address is . P 0_ BOX,?0, pgNIQ}{AN,,N~, 68832.0270 _ . _ ...
<br />......................................................................................... . .............................. .
<br />Lender is the beneficiary under this Security Instrument.
<br />(D) "Trustee" is BANK OF DONIPWAN_ P.O..BOX 270. ~ONIPHAN, NE.68832 ............... . .............. . . . ........... . ... . . .... . . . . . . . . . . . . .. . .. . ..... .
<br />(E) "Note" means the promissory note signed by Borrower and dated O.Q-1~-~.414..........
<br />...........................................The
<br />Note states that Borrower owes Lender ANE HUN4REE).SEXTY.EIGNT T114U.SAKUAIVR N91144 .........................................................
<br />................................................ . . Dollars (U. S. $ ..613,DOD; , , . , , , , . , , , , , , , , , , , , , , , plus interest. Borrower has promised to
<br />..)
<br />pay this debt in regular Periodic Payments and to pay the debt in full not later than ..................... 454.1: ZAZS.....................
<br />........................................................................................................................................................ .
<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,
<br />and al] sums due under this Security Instrument, plus interest.
<br />(H) "Riders" means al] Riders to this Security Instrument that are executed by Borrower. The following Riders are to be
<br />executed by Borrower [check box as applicable:
<br />^ Adjustable Rate Rider ^ Condominium Rider ^ Second Home Rider
<br />^ Balloon Rider ^ Planned Unit Development Rider ^ Other(s) [specify .......................
<br />^ l-4 Family Rider ^ Biweekly Payment Rider
<br />(I) "Applicable Law" means all controlling applicable federal, state and local statutes, regulations, ordinances and
<br />administrative 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
<br />paper instrument, which is initiated through an electronic terminal, telephonic instrument, computer, or magnetic tape so as to
<br />order, instruct, or authorize a financial institution to debit or credit an account. Such term includes, but is not limited to,
<br />point-of-sale transfers, automated teller machine transactions, transfers initiated by telephone, wire transfers, and automated
<br />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
<br />(other than insurance proceeds paid under the coverages described in Section 5) for: (i) damage to, or destruction of, the
<br />Property; (ii) condemnation or other taking of all or any part of the Property; (iii) conveyance in lieu of condemnation; or (iv)
<br />misrepresentations 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 />(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 Real Estate Settlement Procedures Act (12 U.S.C. §2601 et seq.) and its implementing regulation,
<br />Regulation X (24 C.F.R. Part 3500), as they might be amended from time to time, or any 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" ever- if the Loan does not qualify as a "federally
<br />related mortgage loan" 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 />NEBRASKA-Single Family-Fannie Mae/Freddie Mac UNIFORM INSTRUMENT
<br />Bankers Systems, Inc., St. Cloud, MN Farm MD-1-NE 8 /1 712 000
<br />ref: 1 /2001 (/x[Re I of 7 pClgCSf
<br />6AIVKEFiS 1'I1`L~ AGENCY
<br />1227 GQLDEN GATE DRIVE
<br />PAPILLI()N, NE 68046
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