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<br />Prepared By: �y.T� ;
<br />Brandon Flammang
<br />Lincoln Federal Savings Bank
<br />631 West Second St.
<br />Hastings, NE 68901
<br />(402)463-6708
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<br />[Space Above This Line For Recording Data]
<br />DEFINITIONS
<br />DEED OF TRUST Mnv 100328800024009$92 , I���
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<br />Words used in multiple sections ofthis document are defined below and other words are defined in Sections 3,11,13,18, 20
<br />and 21. Certain rules regarding the usage ofwords used in this document are also provided in Section 16.
<br />(A) "Security Instrument" means this document, which is dated January 19th , 2011 , togetherwith
<br />all Riders to this document.
<br />(B) uBorrower" is Darrell E. Fellows and Debra Fellows, husband and wife
<br />Borrower is the trustor under this Security Instiument.
<br />(G� uLender" is Lincoln Federal Savings Bank . Lender
<br />is a Corporation organized and existing under the laws of the United 5tates of America
<br />Lender's address is 631 West Second S� Hastings, NE 68901
<br />(D) uTrustee" is Lincoln Federal Savings Bank 1101 N Street Lincoln, NE 6$508
<br />(E) uMERS" is Mortgage Electronic Registration Systems, Inc. MERS is a separate corporation that is acting solely as a
<br />nominee for Lender and Iznder's successors and assigns. MER5 is the beneficiary under this Security Instrumen�
<br />MERS is organized and e�cisting under the laws of Delaware, and has an address and telephone number of P.O. Box 2026,
<br />Flint, MI 48501-2026, tel. (888) 679-MERS.
<br />(I+') "Note" means the promissory note signed by Borrower and dated January 19th , 2011 , The Note
<br />states that Borrower owes Lender One Hundred Sixteen Thousand Five Hundred and 00/100
<br />Doilars (U.S. $116,500.00 ) plusinterest. Bonowerhaspromised
<br />to pay this debt in regulaz Periodic Payments and to pay the debt in full not later than February 1, 2021
<br />(G) uProperty" means the property that is described below under the heading "Transfer of Rights in the Property."
<br />(I� uLoan" means the debt evidenced by the Note, plus interest, any prepayment charges and late charges due under the
<br />Note, and all sums due under this Security Instrument, plus interest.
<br />(n G°Riders" means all Riders to this Security Instrument that are executed by Bonower. The following Riders are to be
<br />executed by Borrower [check box as applicable]: ,
<br />❑ Adjustable Rate Rider ❑ Condominium Rider ❑ Second Hame Rider
<br />❑ Balloon Rider ❑ Planned Unit Development Rider ❑ Other(s) [specify] _
<br />❑ 1-4 Family Rider ❑ Biweekly Payment Rider
<br />(.n "Applicable Law" means all controlling applicable federal, state and local statutes, regulations, ordinances and
<br />administrative rules and orders (that have the effect of law) as well as all applicable final, non-appealable judicial opinions.
<br />(K) uCommunity Association Dues, Fees, and Assessments" means all dues, fees, assessments and other char�es thatare
<br />unposed on Bonower or the Property by a condominium assoeiation, homeowners association or similar organization.
<br />(L) "Electronic Funds Transfer" means any transfer of funds, other than a transaction originated bycheck, draft, or similaz
<br />paper instrument, which is initiated throu�h an electronic terminal, telephonic instrument, computer, or ma�netic tape so as
<br />to order, instruct, or authorize a financial uistitution to debit or credit an account. Such term includes, but �s not limrted to,
<br />point-of-sale transfers, automated teller machine transactions, transfers initiated by telephone, wire transfers, and automateci
<br />clearinghouse transfers.
<br />(M) KEscrow Items" means those items that are described in Section 3. ,
<br />(N) "Miscellaneous Proceeds" means any compensation, settlement, awazd of damages, or proceeds paid byanythird party
<br />(other than insurance proceeds paid under the coverages described in Section 5) for: (i) dama�e to, or destruction of the
<br />Property; (ii) coademnation or other taking of all or any part of the Propert y,(iii) conveyanee m lieu of condemnation; or
<br />(iv) misrepresentations o� or omissions as to, the value and/or condition ofthe Property.
<br />(0) "Mortgage Insurance" means insurance protecting I.ender against the non�ayment o� or default on, the Loan.
<br />(P) f°Periodic Payment" means the regularly scheduled amount due for (i) princypal and interest under the Note, plus (ii)
<br />any amounts under Section 3 of this Security Instrument.
<br />NEBRASKA—Single Family—Fannie Mae/Freddie Mac UNIFORM INSTRUMENT (A'IEItS) Form 3028 1/Ol (page 1 of 8 pages)
<br />12439.CV (1/08) 03-1156 Creative TLinldng, Inc.
<br />GOTO(00258eb8)
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