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<br />WHEN RECORDED MAIL TO:
<br />CORNERSTpNE BANK
<br />Main Bank Facllity
<br />529 Lincoln Avenue
<br />PA. Bax C9
<br />York, NE 68467'-0069
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<br />DEED OF TRUST �
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<br />pEFINITIONS G
<br />Words used in multiple sections of this document are defined below and other words are defined in Sections 3, 1 1, 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 Instrumant" means this document, which is dated October 26, 2010, together with all Riders to this document.
<br />(B► "Borrpwer" is Toby L Cpmer and Katie R Comer; Musband and Wife. Borrower is the trustor under this Security Instrument.
<br />(C► "Lender" is CORNERSTONE BANK . Lender is a Corporation organized and existing under the laws of Nebraska. Lender's address is
<br />Main Bank Facility, 529 Lincoln Avenue, P.O. Box 69, York, NE 68467-0069. Lender is the beneficiary under this Security Instrument.
<br />(D) "7rustee" is WEST GATE BANK.
<br />(E) "Nate" means #hs promissory note signed by Borrower and dated October 26, 2010. The Note states that Borrower awes Lender
<br />Two Hundred Eighty-eight Thpusand & 00/100 Dollars (U.S. 5288,000.00) plus interest. Borrower has promised to pay this debt in
<br />regular Periodic Payments and to pay the debt in full not later than November 1, 2Q25.
<br />(F) "Property" means the property that is described below under the heading "Transfer of Rights in the Property."
<br />(G) "I.oan" means the debt evidenced by the Note, plus interest, any prepayment charges and late charges due under the Note, and all
<br />sums due under this 5ecurity Instrument, plus interest.
<br />(H) "Rlders" means all Riders to this Security Instrument that are executed by Borrower. The fpllowing Riders are tp be executed by
<br />Borrower [check box as applicablel:
<br />� Adjustable Rate Rider
<br />� Ballpon Rider
<br />� 1-4 Family Rider
<br />� Candominium Rider
<br />� Planned Unit Development Rider
<br />� Biweekly Payment Rider
<br />� Second Home Rider
<br />Q Otherl5l [SpeCify] _
<br />(1) "Applicable law" means all cantrplling applicable federal, state and local statutes, regulations, ordinances and administrative rules and
<br />orders (that have the effect of law) as wetl as all applicable final, non-appealable judicial opinions.
<br />(J) "Gammunity Assoclation Dues, Fees, and Assessments'" means all dues, fees, assessments and other charges that are imposed on
<br />Borrower or the Property by a condominium assaciatipn, homeawners association or similar organization.
<br />IK) "Electronic Funds 7ransfer" 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 magnatic 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 transaptions, transfers initiated by telephone, wire transfers, and autamated clearinghouse transfers.
<br />(L) "Esarow Itams" means those items that are described in 5ection 3.
<br />(M) "Miscellanaous Praceeds" means any compensation, settlement, award pf damages, or proceeds paid by any third party lother than
<br />insurance proceeds paid under the coverages described in 5ection 6) for: (i) damage to, or destructian of, ihe Property; (ii) condemnation or
<br />other taking of all or any part of the Property; (iii) conveyance in lieu of condemnation; or (iv) miarepresentations of, or omissions as to, the
<br />value and/or conditipn of the Property.
<br />(N) "Mortgage Insurance" means insurance protecting Lender against the nonpayment of, or default on, the l.oan.
<br />(0) "Perlodtc Payment" means the regularly scheduled amount due for (i) principal and interest under the Note, plus (ii► any ampunts
<br />under Section 3 of this Security Instrument.
<br />(P) "RESPA" means the Reaf Estate 5ettlement Procedures Act (12 U.S.C. 5 2B01 st seq.) and its implementing regulation, Regulation X
<br />(24 C.F.R. Part 3500►, as they might be amended from time to time, or any additional or successor �egislation or regulation that governs
<br />the same su6ject matter. As used in this Security Instrument, "RESPA" refers to all requirements and restrictions that are imposed in
<br />regard to a"federally related mortgage loan" even if the Loan does not qualify as a"federally related mortgage loan" under RESPA.
<br />(�) "Successor in Interast of Borrower" means any party that has taken title to the Property, whether or nqt that party has assumed
<br />Borrpwer's obligations under the Note and/or this Security Instrument.
<br />TRANSFER OF RIGFi7S IN 7HE PROPERTY
<br />This 5ecurity Instrument secures to Lender: (i) the repayment of the Loan, and all renewals, extensions and modifications of the Note; and
<br />(ii) the performance of Borrower's covenants and agreements under this Security Instrument and the Note. For this purpose, Borrower
<br />irrevocably grants and conveys to Trustee, in trust, with power of sale, the following described prvparty Ipcated in the Cpunty of Hall:
<br />Real Property tax identification number is 400158515.
<br />Lpt Flfty Three (53�, in Le Meights Fourth Subdivislon, in the City of Grand Island, Hall County, Nebraska
<br />which currently has the address of 2126 Viking Place, Grand Island, Nebraska 68803 ("Property Address"�:
<br />TOG�7HER WITH all the improvements now or hereafter erected on the property, and all easements, appurtenances, and fixtures now
<br />or hereafter a part af the property. All replacements and additions shall also be covered by this Security Instrument. All of the foregoing is
<br />referred to in this 5ecurity Instrument as the "Praperty."
<br />BORROWER COVENANTS that Borrower is lawfully seised of the astate hereby conveyed and has the right to grant and convey the
<br />NEBRASKA-5ingle Family-Fannie Mae/Freddie Mac UNIFORM INSTRUMENT Form 3028 1/01
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