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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 />DEFINITIONS
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<br />[Space Above This Llne For Recording Data]
<br />DEED OF TRUST
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<br />Words used in multiple sections of this document ere defined below and other words are defined in Sections 3, 11, 13,
<br />18, 20 and 21. Certain rules regarding the usage of words used in this document are also provided in Section 16.
<br />fA) "Security Instrumerrt" means this document, which is dated October 24, 2017 , together with all Riders to this
<br />document.
<br />(B) "Borrower" is Todd E Latta end Janet L Latta; 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 Nabraske.
<br />Lender's address is Grand Island Main Facility, 840 North Diers Avenue, Grand Island, NE 68803. Lender is the
<br />beneficiary under this Security Instrument.
<br />lD) "Trustee" is WEST GATE BANK.
<br />(E) "Note" means the promissory note signed by Borrower and dated October 24, 2011. The Note states that
<br />Borrower owes Lender Ninety-nine Thousand & 00/100 Doilars (U.S. $99,000.00) plus interest. Borrower has
<br />promised to pay this debt in regular Periodic Payments and to pay the debt in full not later than November 1, 2026.
<br />(F) "Praperty" means the property that is described below under the heading "Transfer of Rights in the Properiy."
<br />(G) "Loan" means the debt evidenced by the Note, plus interest, any prepayment charges and late charges due under
<br />the Note, and all 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
<br />be executed by Borrower [check box as applicableJ:
<br />� Adjustable Rate Rider
<br />� Balloon Rider
<br />� 1-4 Femily Rider
<br />� Condominium Rider
<br />a Planned Unit Development Rider
<br />� Biweekly Payment Rider
<br />� Second Home Rider
<br />� Other�s) [specify] _
<br />(I) "Applicable Lew" means all controlling applicable federal, state and local statutes, regulations, ordinances and
<br />edministretfve rules and orders (that have the effect of law) as weii as all appliceble final, non-appealable judicial
<br />opinions.
<br />lJ) "Community Association Dues, Fees, and Assessments" means aIl dues, fees, assessments and other charges that
<br />are imposed on Borrower or the Property by a condominium association, homeowners association or similar
<br />organization.
<br />(K) "Electronic Funds Transfer° means any transfer of funds, other than a transactlon originated by check, draft, or
<br />similer peper instrument, which is initiated through an electronlc terminal, telephonic instrumant, computer, or magnetic
<br />tape so as to order, instruct, or authorize a financial (nstitution to debit or credit an account. Such term includes, but is
<br />not limited to, point-of-sale transfers, automated teller machine transactions, transfers initiated by telephone, wire
<br />transfers, and automated clearinghouse transfers.
<br />(L) "Escrow Items" means those items that are described in Section 3.
<br />(MI "Miscellaneous Proceeds° means any compensetion, settlement, award of damages, or proceeds paid by any third
<br />party (other than insurance proceeds pald under the coveragas described in Section 5) for: (i) damage to, or destruction
<br />of, the Property; (ii) condemnation or other taking of all or any part of the Property; (iii) conveyance in liau of
<br />condemnation; or (iv) misrapresentations of, or omissions as to, the value and/or condition of the Property.
<br />(N) "Mortgege Insurance" means insurance protecting Lender against the nonpayment of, or default on, the Loan.
<br />(0) "Per7odie Payment° means the regularly scheduled amount due for (i) principal and interest under the Note, plus (iil
<br />any amounts under Section 3 of this Security Instrument.
<br />(P) "RESPA° means the Real Estete Settlement Procedures Act (12 U.S.C. § 2601 et seq.) and its implementing
<br />regulatfon, Regulation X(24 C.F.R. Part 3500), as they might be amanded from time to time, or any edditionel or
<br />successor legislation or regulation that governs the same subject matter. As used in this Security Instrument, "RESPA"
<br />refers to ell requirements and restrictions that are imposed ln regerd to a°federally related mortgage loan" even if the
<br />Loan does not qualify as a"federally related mortgage loan" under RESPA.
<br />(Q) °Successor in Irrterest of Borrower" means any party that has taken titie to the Property, whether or not that party
<br />has assumed Borrower's obligations under the Note and/or this Security Instrument.
<br />TRANSFER OF RIGHTS IN THE PROPERTY
<br />NEBRASKA-Single Femily-Fannie Mae/Freddie Mac UNIFORflA INSTRUMENT
<br />Page 1 of 7
<br />Form 3028 1/07
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