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<br />WHEN RECORDED MAIL TO:
<br />CORNERSTONE BANK
<br />Grand Island Main Facility '
<br />840 North Diers Avenue '
<br />Grand Is{and, NE 68803 -
<br />[Space Above This Line For Recording Data1
<br />DEED OF TRUST
<br />DEFINITIONS '
<br />Words used irt multiple sections of this document are defined below and other words are defined in Sections 3, 11, 13,
<br />18, 20 and 21. Certain rules regarding #he usage of words used in this document are also provided in Section 16.
<br />(A) '"Security Instrument" means this document, which is dated November 1, 2011, together with all Riders to this
<br />document.
<br />(B) '"Borrower" is Keith J McTavish and Debra J McTavish; Husband and Wife. Borrower is tha trustor under this
<br />Security lnstrument.
<br />(C} "I.ender" is CORNERSTONE BANK. Lender is a Corporation organized and existing under the laws of Nebraska.
<br />Lender's address is Grand Island Main Facility, 840 North Diers Avenue, Grand Isiand, NE 68803. Lender is the
<br />beneficiary under this Security Instrument.
<br />(D) "Trustse" is WEST GATE BANK.
<br />(E) '"Note" means the promissory note signed by Borrower and dated November 1, 2011. The Note states that
<br />8orrower owes Lender Sixty-three Thousand &(SO/100 Dollars (U.S. 563,000.00} plus interest. Borrowerhas promised
<br />to pay this debt in regular Periodic Payments and to pay the debt in full not later thanDecember 1, 2021.
<br />(F) "Property" means the property that is described below under the heading "Transfer of Rights irrthe 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 all sums due under this Security tnstrument, plus interest
<br />(H) ;"Riders" means ali Riders to this Security Instrument that are executed by Borrower. The following Riders are to
<br />be executed by 8orrower [check box as appiicablel:
<br />Q Adjustable Rate Rider � Condominium Rider Q Second Home Rider
<br />� Balloon Rider � Planned Unit Development Rider a Other(s) (specify]
<br />a'1-4 Family Rider � Biweekty Payment Rider
<br />p) '"Applicable Law" means all controlling applica6te federat, state and local statutes, regulations, ordinances and
<br />administrative rules and orders �ihat have ihe effect of law) as well as eii applicable final, non-appealable judicial
<br />opinions.
<br />W) °Community Association Dues, Fees, and Assassments" means all 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, dreft, or
<br />similar paper instrument, which is initiated through an electronic terminal, telephonic instrument, computer, or magnetic
<br />tape so as to order, instruct, or authorize a f�nanciaf instit�tion to debit or credit an account. Such term includes, but is
<br />not limited ,to, point-of-sale trensfers, automated teller machine transactions, `transfers initiated by telephone, wire
<br />transters, and automated clearinghouse transfers.
<br />(L) "Escrow Items" means those items that are descsibed in Section 3.
<br />(M) "Miscellaneous Proceeds" means any compensation, settlement, award ot 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; tii) condemnation or other taking of aU or any part of the Property; (iii) conveyance in fieu of
<br />condemnation; or liv) misrepresentations of, or omissions as to, the value and/or condition of the Property.
<br />(N1 "1Ulortgage tnsurance" means insurance protecting Lender against the nonpayment of, or default on, the Loarr.
<br />(0) !"Periodic Payment" means the regularly scheduled amount due for (i) principat and interest under the Note, plus {ii1
<br />any amounts under Section 3 of this Security instrument.
<br />(P) "RESPA" means the Reat Estate Setttement Procedures Act (12 U.S.C. § 2601 et seq.) and its implementing
<br />regulation, Regulation X(24 C.F.R. Part 35001, as they might be amended from time to time, or any additional or
<br />successor legislation or regulation that governs the samg subject matter. As used in this Security Instrument, "RESPA"
<br />reters to all sequirements and restr'sctions that are imposed in regard to a"fiederaify retated mortgage loan" even if the
<br />Loan does not qualify as a"federally related mortgage loan" under RESPA.
<br />IQ) "Successor in Interest of Borrower" means any party that has taken title to the Property, whether or not that party
<br />has assumed Borrower's obligations under the Note andlor this Security Instrument.
<br />TRANSFER OF RIGHTS IN THE PROPERTY
<br />NEBRASKA-Si�gle Family-Fans►ie MaelFreddie Mac UNiFORM NVSTRUMENT
<br />Page 1 of 7
<br />Form 3028 1f01
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