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<br />WHEN RECORDED MAIL TO: �
<br />- CORNERSTONE BANK
<br />Grand Isiand Main Facility
<br />840 North biers Avenue
<br />Grand Island, NE 68803
<br />, (Space Above This Line For Recording Data] s—v
<br />3r�
<br />DEED OF TRUST
<br />DEFINITIONS
<br />Words used in muitipie sections of this document are defined beiow 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 />(A) "Security Instrument" means this document, which is dated November 2, 2011, together with ali Riders to this
<br />document. '
<br />(B) ""Borrower" is David J Phinney and Debra K Phinney; Husband and Wife. Borrower is the trustor under this
<br />Security Instrument. .
<br />(C) "Lender" is CORNERSTONE BANK. Lender is a Corporation organized and existing under the laws of Nebraska.
<br />Lender's address is Grand Jsland Main Facility, 840 North Diers Avenue; Grand island, N� 68803. Lender is the
<br />beneficiary under this Security Instrument.
<br />(D) "Trustee" is WEST GATE BANK.
<br />(E) "Note" means the promissory note signed by Borrower and dated November 2, 2011. The Note states that
<br />Borrower owes Lender One Hundred Six Thousand Four Hundred & 00/100 Dollars (U.S. $106,400.00) plus interesY.
<br />Borrower has promised to pay this debt in regular Periodic Payments and to pay the debt in fult not later than December
<br />1, 2026. '
<br />(F) "Property" means theproperty 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
<br />the Note, and aii `sums due under this Security Instrument, plus interest.
<br />(H) "Riders" means aif Riders to this Security instrument that are executed by Borrower. 7he following Riders are to
<br />be executed by Borrower [check box as applicabiel:
<br />� Adjustable Rate Rider Q Condominium Rider � Second Home Rider
<br />� Balloon Rider � Planned Unit Development Rider � Other(s) [specifyl
<br />� 1-4 Fa'mily Rider � Biweekly Payment Rider
<br />(q �"Applicable Law" means ali controliing applicable federal, state and local statutes, regulations, ordinances and
<br />administrative rules and orders (that have the effect of law) as well as aii applicable final, non-appealabie judicial
<br />opinions.
<br />W) "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 transaction originated by check, draft, or
<br />similar paper instrument, which is initiated through an electronic terminai, telephonic instrument, computer, or magnetia
<br />tape so as to order, instruct, or authorize a tinanciai institution 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 />(U "Escrow Items" means those items that are described in Section 3.
<br />(M) "Miscellaneous Proceeds" means any compensation, settleme�t, award of damages, or proceeds paid by any third
<br />party (other than insurance proceeds paid under the coverages 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 lieu of
<br />condemnation; or (iv) misrepresentations of, or omissions as to, the value and/or condition of the Property:
<br />(N) "Mortgage Insurance" means insurance protecting Lender against the nonpayment of, or defautt on, the Loan.
<br />(0) "Periodic Payment" means the regularly scheduled amount due for (i) principal and interest under the Note, plus (ii)
<br />any amounts 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 implementing
<br />regulation, Regulation X(24 C.F.R. Part 3500), as they might be amended from time to time, or any additional or
<br />successor legisiation or regulation that govems the same subject matter. As used in this Security Instrument, °RESPA"
<br />refers to all requirements and restrictions that are imposed in regard 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 Interest 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 Family-Fannie Mae/Freddie Mac UNIFORM INSTRUMENT Form 3028 7l01
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