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<br /> WHEN RECORDED MAIL TO:
<br /> CORNERSTONE BANK t
<br /> Grand Island Main Facility
<br /> 840 North Diers Avenue
<br /> Grand Island, NE 68803
<br /> [Space Above This Line For Recording Data] ~a
<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 January 11, 2011, together with all Riders to this document.
<br /> (B) "Borrower" is Bruce A Osentowski and Christine L Osentowski; Husband and Wife. Borrower is the trustor under this Security
<br /> 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 January 11, 2011. The Note states that Borrower owes Lender One
<br /> Hundred Forty Thousand & 00/100 Dollars (U.S. $140,000.00) plus interest. Borrower has promised to pay this debt in regular Periodic
<br /> Payments and to pay the debt in full not later than February 1, 2026.
<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, 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 /> F1 Adjustable Rate Rider Condominium Rider Q Second Home Rider
<br /> 11 Balloon Rider Planned Unit Development Rider Other(s) [specify]
<br /> F1 1-4 Family Rider rl 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 /> teller 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 /> (O) "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 (12 U.S.C. 3 2601 at 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 400152487.
<br /> Lot Twelve (12), Blauvelt Subdivision, Hall County, Nebraska
<br /> which currently has the address of 4302 Blauvelt Rd, Grand Island, Nebraska 68803-1401 ("Property Address"):
<br /> TOGETHER WITH all the improvements now or hereafter erected on the property, and all easements, appurtenances, and fixtures now
<br /> or hereafter a part of the property. All replacements and additions shall also be covered by this Security Instrument. All of the foregoing is
<br /> referred to in this Security Instrument as the "Property."
<br /> BORROWER COVENANTS that Borrower is lawfully seised of the estate hereby conveyed and has the right to grant and convey the
<br /> NEBRASKA-Single Family-Fannie Mae/Freddie Mac UNIFORM INSTRUMENT Form 3028 1/01
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