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<br />WHEN RECORDED, MAIL TO:
<br />Exchange Bank
<br />]204 Allen Drive, PO Box 5793
<br />Grand Island, NEBRASKA 688D2
<br />This instrument was prepared by:
<br />Exchange Bank
<br />1204 Allen Drive, PO Box 5793
<br />Grand Island, NEBRASKA 68802
<br />308-382-2900
<br />DEFINITIONS
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<br />MIN: 100846710084670165
<br />Words used in multiple sections of this document are defined below and other words are defined in Sections 3, 1 1, 13, ] 8, 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 September 16, 201.0, together with all Riders to this document.
<br />(B) "Borrower". is ANDRICW L RATHJEN and REBECCA S RATHJEN ,husband and wife. Borrower is the trustor under this
<br />Security Instrument.
<br />(C) "Lender" is Exchange Bank, organized and existing under the laws of the United States of America.
<br />Lender's address is 1204 Allen Drive, PO Box 5793, Grand Island, NEBRASKA 68802.
<br />(D) "Trustee" is Central National Bank.
<br />Trustee's address is PO Box 268, Superior, Nuckolls County NEBRASKA G8978:
<br />(E) "MERS" is Mortgage )electronic Registration Systems, Inc. MFRS 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 September lb, 2010. The Note states that Borrower awes Lender
<br />TWO HUNDRED TWENTY-EIGHT THOUSAND AND NO/lOD Dollars (U.S. $228,000.00) plus interest. Borrower has promised to
<br />pay this debt in regular Periodic Payments and to pay the debt in full not later than October 1, 2025.
<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 Nate, 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 />(d) "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 />(K) "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-af--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 />(N) "Miscellaneous Proceeds" means any compensation, settlement, award of damages, ar 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 />N~t3RA51CA -single Famlly-Fannie Mae/Freddle Mac UNIFORM INSTRUMENT with MERS
<br />Page 1 of 8
<br />ios, ice.
<br />Form 3028 1/01
<br />eorrovwer(s) Initials ~^
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