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<br />WHEN RECORDED MAIL TO:
<br />CORNERSTONE BANK R i/U ��,I j/
<br />Grand island Main Facility
<br />840 North Diers Avenue
<br />Grand Island, NE 68803
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<br />[Space Above This Line For Recording Data1
<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 r�les 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 February 4, 2011, together with all Riders to this document.
<br />(B) "Borrower" is Adriana Arroya ; A Single Person. 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 />(EI "Note" means the promissory note signed by Borrower and dated February 4, 2011. The Note states that Borrower owes Lender
<br />Seventy-seven Thousand Nine Hundred & 00/100 Dollars (U.S. 577,900.00) plus interest. Borrower has promised to pay this debt in
<br />regular Periodic Payments and to pay the debt in full not later than March 1, 2041.
<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 />(HI "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 applicablel:
<br />� Adjustabie Rate Rider
<br />� Balloon Rider
<br />� 1-4 Family Rider
<br />� Condominium Rider
<br />� Planned Unit Development Rider
<br />� Biweekly Payment Rider
<br />� Second Home Rider
<br />� Otherls) [specifyl _
<br />(I) "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 />IJ) "Community Association �ues, Fees, and Assessments" means all dues, tees, assessments and other charges that are imposed on
<br />Borrower or the Property by a condominium association, homeowners association or similar organization.
<br />(Kl "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; Iii) condemnation or
<br />other taking of all or any part of the Property; liii) 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 (12 U.S.C. § 2601 et seq.) and its impiementing regulation, Regulation X
<br />(24 C.F.R. Part 35001, as they might be amended from time to time, or any additional or successor legislation or regulation that governs
<br />the same subjecC 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, i� trust, with power ot sale, the following described property located in the County of Hall:
<br />Real Property tax identification number is 400021358.
<br />Lot Seven (7), Biock Eleven (11), Boggs & Hill Addition to City of Grand Isiand, Hall County, Nebraska
<br />which currently has the address of 1927 W 1 1 th St, Grand Island, Nebraska 68803-3714 ("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 />Property and that the Property is unencumbered, except for encumbrances of record. Borrower warrants and will defend generally the title
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<br />NEBRASKA-Single Family-Fannie Mae/Freddie Mac UNIFORM INSTRUMENT Form 3028 1/01
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