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201�0499G
<br />(C� 'Z,ender"is Union Bank and Trust Company
<br />Lender is a Commerci al Bank
<br />organized and existing under the laws of N e b r 8 s k 8
<br />Lender's address is 4243 Pi oneer Woods Dri ve Li ncol n NE 68506-
<br />(D)'Trustee"is Union Bank & Trust Company
<br />(E) 'ZVIERS" is Mortgage Electronic Registration Systems, Inc. MERS is a separate corporation that is
<br />acting solely as a nominee for Lender and Lender' s successors and assigns. MERS is the beneficisry
<br />under this Security Instrument. MERS is organized and existing under the laws of Delaware, and has an
<br />address and telephone number of P.O. Box 2026, Flint, MI 48501-2026, tel. (888) 679-MERS.
<br />(F) 'T1ote" means the promissory note signed by Borrower and dated J u n e 2 9. 2 O 11 .
<br />The Note states that Borrower owes Leader S I XTY TH 0 U SAN D AN D 00 / 100
<br />Dollars
<br />(LT. S. $ 60 , 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 J U 1 y 1, 2 0 2 6 .
<br />(G) "Property" means the property that is described below under the heading "Transfer of Rights in the
<br />Property."
<br />(� 'Z.oan" means the debt evidenced by the Note, plus interest, any prepayment charges and late charges
<br />due u.nder the Note, and all sums due under this Security Instrument, plus interest.
<br />(n "Riders" means all Riders to this Security Instrument that are executed by Borrower. The following
<br />Riders aze to be executed by Borrower [ch�k hox as applicable]:
<br />� Adjustable Rate Rider 0 Condominium Rider 0 Second Home Rider
<br />0 Balloon Rider � Planned Unit Development Rider � 1-4 Family Rider
<br />0 VA Rider � Biw�kly Payment Rider 0 Other(s) [specify]
<br />(,n "Applicable Law" means all controlling applicable federal, state and local statutes, regulations,
<br />ordinances and administrative rules and ordets (that have the effe,ct of law) as well as all applicable final,
<br />non-appealable judicial opinions.
<br />(I� "Community Association Dues, Fees, and Assessments" means all dues, fces, assessments and other
<br />charges that are impose�i on Bonower or the Property by a condominium associarion, homeowners
<br />association or similar organization.
<br />(L) "Electronic Funds Transfer" means any transfer of funds, other than a transaction originated by
<br />check, draft, or similaz paper instrument, which is initiated through an electronic terminal, telephonic
<br />instrument, computer, or magnetic tape so as to order, instntct, or authorize a financial institution to debit
<br />or credit an account. Such term includes, but is not limited to, point-of-sale transfers, automated teller
<br />machine transactions, transfers initiated by telephone, wire transfers, and automated clearinghouse
<br />transfers.
<br />(Nn '�scrow Items" means those items that are described in S�tion 3.
<br />(1� '2VIiscellaneous Proceeds" me,ans any compensarion, settlement, awazd of damages, or proceeds paid
<br />by any third party (other tha.n insurance proceeds paid under the coverages described in Section 5) for: (i)
<br />damage to, or destntction of, the Property; (ii) condemnation or other taking of all or any part of the
<br />Properly; (iii) conveyance in lieu of wndemnation; or (iv) misrepresentations of, or omissions as to, the
<br />value and/or condition of the Properly.
<br />(0) "Niortgage Insur�nce" means insurance protecting Lender against the noupayment of, or default on,
<br />the Loan.
<br />11-05-000103
<br />NEBRASKA - Single Family - Fannie AAaelFreddie Mac UNIFORM INSTRUMENT WITH MERS
<br />� Page2 of15 initiais: � Form 3028 1101
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