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<br />WHEN RECORDED, MAIL TO: ~ cn C7D
<br />Exchange Sank ~ ~
<br />939 S Locust St ~
<br />Grand Island, NEBRASKA 68801
<br />This instrument was prepared by:
<br />Exchange Bank
<br />939 5 Locust St
<br />Grand Island, NEBRASKA 68801
<br />308-384-8000
<br />(Space Above This Line For Recording Data)
<br />DEED OF TRUST
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<br />MIN: 100846770084670017
<br />DEF1NiTIONS
<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 1.3, 2010, together with all Riders to this document.
<br />(B) "Borrower" is MATT'IiEW C OLIVF.R and AMY E OLIVER, husband and wife. Borrower is the trustor under this Security
<br />Instrument.
<br />(C) "Lender" is Exchange Bank, organized and existing under the laws of the United States of America.
<br />Lender's address is 939 S Locust St ,Grand Island, NEBRASKA b88p1.
<br />(D) "Trustee" is Central National Bank.
<br />Trustee's address is PO Box 268, Superior, Nuckolls County NEBRASKA b8978.
<br />(E) "MERS" is Mortgage Electronic Registration Systems, Inc. MERS is a separate corporation that is acting solely as a nominee for
<br />Lender and Lender's successors and assigns. MERS is the beneficiary under this Security Instrument. MERS is organized and existing
<br />under the laws of Delaware, and has an address and telephone number of P.O. Box 2026, Flint, MI 48501-2026, tel. (888) 679-MERS.
<br />(F) "Note" means the promissory note signed by Borrower and dated May 13, 2010. The Note states that Borrower owes Lender TWO
<br />HUNDRED FIFTY-SEVEN THOUSAND AND NO/1 OQ Dollars (U.S. $257,000.00) plus interest. Borrower has promised to pay this
<br />debt in regular Periodic Payments and to pay the debt in full not later than June 1, 2040.
<br />(G) "Property" means the property that is described below under the heading "Transfer of Rights in the Property."
<br />(H) "Loan" means the debt evidenced by the Note, plus interest, any prepayment charges and late charges due under the Note, and all sums
<br />due under this Security Instrument, plus interest.
<br />(I) "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 />^ Adjustable Rate Rider ^ Condominium Rider ^ Second Home Rider
<br />^ Balloon Rider ^ Planned Unit Development Rider ^ VA Rider
<br />^ 1-4 Family Rider ^ Biweekly Payment Rider
<br />^ Other (Specify) -
<br />(J) "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 />l~ "Community Association Dues, Fees, and Assessments" means all dues, fees, assessments and other charges that are imposed on
<br />Borrower ar the Property by a condominium association, homeowners association or similar organization.
<br />(L) "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 />(M) "Escrow Items" means those items that are described in Section 3.
<br />(]~ "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 Properly; (ii) condemnation or
<br />
<br />NEBRASKA -Single Family-Fannie Mae/Freddie Mac UNIFORM INSTRUMENT with MERS Form 3p28 1/01
<br />Page 1 of 8
<br />ios, inc. Borrower(s) Initials`
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