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<br />SECOND MORTGAGE
<br />DEED OF TRUST
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<br />DEFINITIONS
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<br />SECOND MORTGAGE
<br />DEED OF TRUST
<br />Words used in multiple sections ofthis document are defined below and other words are defined in Sections 9,11,16,18 and
<br />19. Certain rules regarding the usage of words used in this document are also provided in Section 14.
<br />(A) "Security Instrument" means this document, which is dated April 25th 2005 , together with
<br />all Riders to this document.
<br />(B) `Borrower" is Kevin R. Gonnerman and Beth A. Connerman, husband and wife, as joint tenants and not
<br />as tenants in common
<br />Borrower is the trustor under this Security Instrument.
<br />(C) "Lender" is FCE Credit Union
<br />Lender is a Credit Union organized and existing under the laws of the State of Nebraska
<br />Lender's address is 510 N 127th St. P.O. Box 541030 Omaha, NE 68154
<br />Lender is the beneficiary under this Security Instrument.
<br />(D) "Trustee" is FCE Credit Union 510 N 127th St. P.O. Box 541030 Omaha, NE 68154
<br />(E) "Note" means the promissory note signed by Borrower and dated April 25th 2005 , The Note
<br />states that Borrower owes Lender Thirteen Thousand and 00 /100
<br />Dollars (U.S. $13,000.00 ) plus interest. Borrower has promised
<br />to pay this debt in regular Periodic Payments and to pay the debt in full not later than April 29, 2020
<br />(F) "Property" means the property 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 the
<br />Note; and all sums due. under this Securi.ty Instrument. plus interest.
<br />(H) "Riders" means all Riders to this Security Instrument that are executed by Borrower. The following Riders are to be
<br />executed by Borrower [check box as applicable]:
<br />Adjustable Rate Rider Condominium Rider
<br />Balloon Rider Planned Unit Development Rider
<br />❑ 1 -4 Family Rider ❑ Biweekly Payment Rider
<br />eSecond Home Rider
<br />Other(s) [specify]
<br />(1) "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 />(J) "Community Association Dues, Fees, and Assessments" means all dues, fees, assessments and other charges that are
<br />imposed on Borrower or the Property by a condominium association, homeowners association or similar 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 terminal, telephonic instrument, computer, or magnetic tape
<br />so as to order, instruct, or authorize a financial institution to debit or credit an account. Such term includes, but is not limited
<br />to, point -of -sale transfers, automated teller machine transactions, transfers initiated by telephone, wire transfers, and
<br />automated clearinghouse transfers.
<br />(L) "Miscellaneous Proceeds" means any compensation, settlement, award of damages, or proceeds paid byanythird party
<br />(other than insurance proceeds paid under the coverages described in Section 4) for: (i) damage to, or destruction of, the
<br />Property; (ii) condemnation or other taking of all or any part of the Property; (iii) conveyance in lieu of condemnation; or
<br />(iv) misrepresentations of, or omissions as to, the value and/or condition of the Property.
<br />(M) "Mortgage Insurance" means insurance protecting Lender against the nonpayment of, or default on, the Loan.
<br />(N) "Periodic Payment" means the regularly scheduled amount due for principal and interest under the Note.
<br />(0) "RESPA" means the Real Estate Settlement Procedures Act (12 U.S.C. §2601 et seq.) and its implementing regulation,
<br />Regulation X (24 C.F.R. Part 3500), as they might be amended from time to time, or any additional or successor legislation
<br />or regulation that governs the same subject matter. As used in this SecurityInstrurnisnt, "RESP-A" refers to ali requirements
<br />and restrictions that are imposed in regard to a "federally related mortgage loan" even if the Loan does not qualify as a
<br />"federally related mortgage loan" under RESPA.
<br />(P) "Successor in Interest of Borrower" means any party that has taken title to the Property, whether or not that party has
<br />assumed Borrm er's obligations Lander the Note and/or this Security instrument.
<br />TRANSFER OF RIGHTS IN THE PROPERTY
<br />This Security Instrument secures to Lender: (i) the repayment of the Loan, and all renewals, extensions and modifications of
<br />the Note; and (ii) the performance of Borrower's covenants and agreements under this Security Instrument and the Note.
<br />For this purpose, Borrower irrevocably grants and conveys to Trustee, in trust, with power of sale, the following described
<br />property located in the County of Hall
<br />[Type of Recording Jurisdiction]
<br />NEBRASKA SECOND MORTGAGE DEED OF TRUST
<br />® Creative Thinking, Inc. 2003
<br />15281.CV (3/04) A1614
<br />[Name of Recording Jurisdiction]
<br />(page ! of 0)
<br />CTI Compliant Forms (c)
<br />GOTO(000423ae)
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<br />Words used in multiple sections ofthis document are defined below and other words are defined in Sections 9,11,16,18 and
<br />19. Certain rules regarding the usage of words used in this document are also provided in Section 14.
<br />(A) "Security Instrument" means this document, which is dated April 25th 2005 , together with
<br />all Riders to this document.
<br />(B) `Borrower" is Kevin R. Gonnerman and Beth A. Connerman, husband and wife, as joint tenants and not
<br />as tenants in common
<br />Borrower is the trustor under this Security Instrument.
<br />(C) "Lender" is FCE Credit Union
<br />Lender is a Credit Union organized and existing under the laws of the State of Nebraska
<br />Lender's address is 510 N 127th St. P.O. Box 541030 Omaha, NE 68154
<br />Lender is the beneficiary under this Security Instrument.
<br />(D) "Trustee" is FCE Credit Union 510 N 127th St. P.O. Box 541030 Omaha, NE 68154
<br />(E) "Note" means the promissory note signed by Borrower and dated April 25th 2005 , The Note
<br />states that Borrower owes Lender Thirteen Thousand and 00 /100
<br />Dollars (U.S. $13,000.00 ) plus interest. Borrower has promised
<br />to pay this debt in regular Periodic Payments and to pay the debt in full not later than April 29, 2020
<br />(F) "Property" means the property 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 the
<br />Note; and all sums due. under this Securi.ty Instrument. plus interest.
<br />(H) "Riders" means all Riders to this Security Instrument that are executed by Borrower. The following Riders are to be
<br />executed by Borrower [check box as applicable]:
<br />Adjustable Rate Rider Condominium Rider
<br />Balloon Rider Planned Unit Development Rider
<br />❑ 1 -4 Family Rider ❑ Biweekly Payment Rider
<br />eSecond Home Rider
<br />Other(s) [specify]
<br />(1) "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 />(J) "Community Association Dues, Fees, and Assessments" means all dues, fees, assessments and other charges that are
<br />imposed on Borrower or the Property by a condominium association, homeowners association or similar 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 terminal, telephonic instrument, computer, or magnetic tape
<br />so as to order, instruct, or authorize a financial institution to debit or credit an account. Such term includes, but is not limited
<br />to, point -of -sale transfers, automated teller machine transactions, transfers initiated by telephone, wire transfers, and
<br />automated clearinghouse transfers.
<br />(L) "Miscellaneous Proceeds" means any compensation, settlement, award of damages, or proceeds paid byanythird party
<br />(other than insurance proceeds paid under the coverages described in Section 4) for: (i) damage to, or destruction of, the
<br />Property; (ii) condemnation or other taking of all or any part of the Property; (iii) conveyance in lieu of condemnation; or
<br />(iv) misrepresentations of, or omissions as to, the value and/or condition of the Property.
<br />(M) "Mortgage Insurance" means insurance protecting Lender against the nonpayment of, or default on, the Loan.
<br />(N) "Periodic Payment" means the regularly scheduled amount due for principal and interest under the Note.
<br />(0) "RESPA" means the Real Estate Settlement Procedures Act (12 U.S.C. §2601 et seq.) and its implementing regulation,
<br />Regulation X (24 C.F.R. Part 3500), as they might be amended from time to time, or any additional or successor legislation
<br />or regulation that governs the same subject matter. As used in this SecurityInstrurnisnt, "RESP-A" refers to ali requirements
<br />and restrictions that are imposed in regard to a "federally related mortgage loan" even if the Loan does not qualify as a
<br />"federally related mortgage loan" under RESPA.
<br />(P) "Successor in Interest of Borrower" means any party that has taken title to the Property, whether or not that party has
<br />assumed Borrm er's obligations Lander the Note and/or this Security instrument.
<br />TRANSFER OF RIGHTS IN THE PROPERTY
<br />This Security Instrument secures to Lender: (i) the repayment of the Loan, and all renewals, extensions and modifications of
<br />the Note; and (ii) the performance of Borrower's covenants and agreements under this Security Instrument and the Note.
<br />For this purpose, Borrower irrevocably grants and conveys to Trustee, in trust, with power of sale, the following described
<br />property located in the County of Hall
<br />[Type of Recording Jurisdiction]
<br />NEBRASKA SECOND MORTGAGE DEED OF TRUST
<br />® Creative Thinking, Inc. 2003
<br />15281.CV (3/04) A1614
<br />[Name of Recording Jurisdiction]
<br />(page ! of 0)
<br />CTI Compliant Forms (c)
<br />GOTO(000423ae)
<br />
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