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<br /> WHEN RECORDED MAIL TO'
<br /> CORNERSTONE BANK .
<br /> Grand Island Main Facility
<br /> 840 North Diers Avenue
<br /> Grand Island, NE 68803 /
<br /> [Space Above This Line For Recording Data]
<br /> DEED OF TRUST
<br /> DEFINITIONS
<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 December 24, 2010, together with all Riders to this document.
<br /> (B) "Borrower" is Bradley J Tenski and Crystal L Tenski; Husband 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 /> Grand Island Main Facility, 840 North Diers Avenue, Grand Island, NE 68803, Lender is the beneficiary under this Security Instrument,
<br /> (D) "Trustee" Is WEST GATE BANK.
<br /> (E) "Note" means the promissory note signed by Borrower and dated December 24, 2010. The Note states that Borrower owes Lender
<br /> Ninety-three Thousand Four Hundred & 00/100 Dollars (U.S. $93,400.00) plus interest. Borrower has promised to pay this debt in regular
<br /> Periodic Payments and to pay the debt in full not later than January 1, 2041.
<br /> IF) "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 all
<br /> sums due under this Security Instrument, plus Interest.
<br /> (H) "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 /> 0 Adjustable Rate Rider Condominium Rider Second Home 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 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 /> (J) "Community Association Dues, Fees, and Assessments" means all dues, fees, assessments and other charges that are imposed on
<br /> 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 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 /> taller machine transactions, transfers initiated by telephone, wire transfers, and automated 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 (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 /> other taking of all or any part of the Property; (iii) conveyance in lieu of condemnation; or (iv) misrepresentations of, or omissions as to, the
<br /> 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 Payment" means the regularly scheduled amount due for (i) principal and interest under the Note, plus (ii) any amounts
<br /> under Section 3 of this Security Instrument.
<br /> (P) "RESPA" means the Real Estate Settlement Procedures Act 0 2 U.S.C. § 2601 dt 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 legislation or regulation that governs
<br /> the same subject 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 /> (Q) "Successor In Interest of Borrower" means any party that has taken title to the Property, whether or not that party has assumed
<br /> Borrower's obligations under the Note and/or this Security Instrument,
<br /> TRANSFER OF RIGHTS IN THE PROPERTY
<br /> This Security 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 property located in the County of Hall:
<br /> Real Property tax identification number is 400142945.
<br /> Fractional Lot Three (3), in Fractional Block Eight (8), in Woodbine Addition to the City of Grand Island, Hall County, Nebraska
<br /> and it's complements, to-wit: Fractional Lot Three (3), in Fractional Block Three (3), in Ashton Place, an Addition to the City of
<br /> Grand Island, Hall County, Nebraska, and that part of Fractional Block Twenty-Seven (27), In Baker's Addition to the City of
<br /> Grand Island, Hall County, Nebraska, more particularly described as follows: Commencing at the Northeast corner of said
<br /> Fractional Block Twenty-Seven (27), thence in a Southwesterly direction along the Northerly line of said Block, a distance of
<br /> Thirty-Seven (37) Feet, thence in a Southeasterly direction at right angles with the Northerly line of said Block until it intersects
<br /> the Westerly Line of Fractional lot Three (3), in Fractional Block Eight (8) In Woodbine Addition to the City of Grand Island,, Hall
<br /> County, Nebraska, thence North along the Easterly line of said Fractional Block Twenty-Seven (27) in Baker's Addition to the
<br /> place of beginning, all of said complements combined making one complete Lot, Fifty-Two (52) Feet Wide by One Hundred
<br /> NEBRASKA-Single Family-Fannie Mae/Freddie Mac UNIFORM INSTRUMENT Form 3028 1/01
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