HomeMy WebLinkAbout20081108NUM PGS r
DOC TAX CI(a/.,._.,_,.
~s ~: o pa~_clcl~~
CHG ACCT#
RETFE CASH,..._•R.O.D.ti(#
/~ REG'D Q~-.C O~ I~D~; ~ grL
RETURN. ~>~ ~.Do/l~' ,~
~~.D~ax o7 ?o
Ii1P~IPflIIP~CIIN'~N~I~IY~i~~ll~~n~llilh~
NUM ~~GL~L'~C~-Corr
RD. COMP ~ ~~r a ~ y9
COMPARE /
CADAS _ AO._._ ~
[Space Above This Line For Recording Data]
DEED- OF TRUST
DEFINITIONS
ADAMS COUNTY, NE
FILED
INST. N (~~.~~,,,~,
Date ~ 1ime..~~,C•4d't
pk
~~~~
REGISTER OF DEEDS
Words used iu multiple sections of [his docuument are defined below and outer words are defined iu Sections 3, 11, 13, 18, 20
and 21. Certain rules regarding the usage of words used iu this document are also provided iu Section 16.
(A) "Security Instrument" means this docutent, which is dated ........................ Q3;17; X00$, , , , , • , , , , ..: , • ... , .. , • . , , , , , , together
with all Riders to this docunteut.
(B) "Borrower" is .A4?N~rWl4i,lAMsANP.Q~B4RAH.$•.NIl~4~AMS,H~ISBAN4,gNp1~IF~,•,,,,,,,,,,,,,•
................................................................................................................................................ .
Borrower is the trustor under this Security Iustruttteut.
(C) "Lender" is 9AIVK Of DOIVIPHAN
Leader is a .GPR?QRATl4N.... ............................................................................... organized attd existing under
the laws of .TH.gSTAT,~pF~{~$Rp$KR,,,,,,.•,••.••• .. ,Lender's address is .P.Q.BRX.2?Q~AQN.~?H?IV,NE,6$$Q2;Q270,,,,,,
................................................................................................................................................. .
Lender is the beneficiary under this Security Instrument.
(D) "Trustee" is BANK OF !)ONIPHAN, PO BOX ,270, ~ONIPHAN,,NE 68832
...................................................................................... .
(E) "Note" means the promissory note signed by Borrower and dated 03.17.20q$, • . . . . . . . . . ...... • • • • • .. • _ • ... • • ... • ... • • • • • • . • .... , .The
Note states that Borrower owes Leader 81X.T.1',TypuSAND.A(,(4.NOIlP.O,,,,,,,,,,,,,,,,,•,,,,,•••..,.•.•••...••
••••••••••••••••••••••••••••••••.•..••............ Dollars (U.S. $ 60,000,00„ .....) plus tuterest. Borrower has promised to
.............
pay this debt itt regular Periodic Payttteuts attd to pay the debt ]u full not later than ..................... DS:11: 2.O.g9.. , , .. , , . , , , , , , , , , , , ,
........................................................................
...................................................................... .
(F) "Property" means the property that is described below under the heading "Transfer of Rights in the Property. "
(G) "Loan" means the debt evidenced by the Note, plus interest, any prepayment charges and late charges due under the Note,
and all sutns due under this Security Instruuieut, plus interest.
(13) "Riders" means all Riders to this Security Ittstrtuneut that are executed by Borrower. The following Riders are to be
executed by Borrower [check box as applicable]:
^ Adjustable Rate Rider ^ COlldOtlllllluill Rider ^ Second Home Rider
^ Balloon Rider ^ Planned Uuit Development Rider ^ Other(s) [specify] .......................
^ 1-4 Family Rider ^ Biweekly Payment Rider
(I) "Applicable Law" means all cotttrolliug applicable federal, state and local statutes, regulations, ordinances and
administrative rules and orders (that have the effect of law) as well as all applicable final, non-appealable judicial opinions.
(.i) "Community Association Dues, Fees, and Assessments" means all dues, fees, assessments and other charges that are
unposed ou Borrower or the Property by a condominium association, homeowners association or shnilar organization.
(K) "Electronic Funds Transfer" means any transfer of funds, other than a transaction originated by check, draft, or snnilar
paper instrtuneut, which is initiated through an electronic terminal, telephonic iustrutueut, computer, or magnetic tape so as to
order, instruct, or authorize a financial institution to debit or credit au account. Such tens includes, but is not lunited to,
point-of-sale transfers, automated teller machine transactions, transfers initiated by telephone, wire transfers, and automated
clearinghouse transfers.
(L) "Escrow Items" means those items that are described in Section 3.
(M) "Miscellaneous Proceeds" means any compensation, settlement, award of damages, or proceeds paid by any third party
(other than insurance proceeds paid under the coverages described iu Section 5) for: (i) damage to, or destruction of, the
Property; (ii) coudentnation or other taking of all or any part of the Property; (iii} conveyance ]u lieu of condeuutation; or (iv)
misrepresentations of, or omissions as to, the value and/or condition of the Property.
(N) "Mortgage Insurance" means insurance protecting Lender against the nonpayment of, or default on, the Loau.
(O) "Periodic Payment" means the regularly scheduled amount due for (i) principal and interest under the Note, plus (ii) any
amounts under Section 3 of this Security Instruuteut.
(P) "RESPA" means the Real Estate Settlement Procedures Act (12 U.S.C. §2601 et seq.) and its unplemeutiug regulation,
Regulation X (24 C.F.R. Part 3500), as they might be amended from time to tune, or any additional or successor legislation or
regulation that governs the same subject matter. As used ]u this Security Instrument, "RESPA" refers to all requirements and
restrictions that are imposed iu regard to a "federally related mortgage loan" even if the Loan does not qualify as a "federally
related mortgage loan" under RESPA.
(Q) "Successor in Interest of Borrower" means any party that has taken title to the Property, whether or not that party has
asswued Borrower's obligations under the Note and/or t(tis Security Instrument.
Form 3028 1/01
NEBRASKA-Single Family-Fannie Mae/Freddie Mac UNIFORM INSTRUMENT I~II~IIIIIIIII~I~~I~IIII~
Bankers Systems, Inc., St. Cloud, MN Form MD-1-NE 8/17/2000
ref: 1 /2001
(page 1 of 7 prig J B 2 A 0
~ ~ ~ .
<t7~ /
TRANSFER OF RIGHTS IN THE PROPERTY 1O' `j O v
This Security Instrument secures to Lender: (i) the repayment of the Loau, and all renewals, extensions and ntodificatious of
the Note; and (ii) the perfonnauce of Borrower's covenants and agreenteuts under this Security Iustrutneut and the Note. For
this purpose, Borrower irrevocably grants and conveys to Trustee, iu trust, with power of sale, the following described
property located itt the ...................................................BEGIS.T~R.OF.OFF,4S..................................................... of
[Type or Recording Jurisdiction]
. A,4AMS. CP.uN.T.Y ................................................................... .
.........:
[Name of Recording Jurisdiction]
ALL OF LOT THREE (3), IN SHAPER ACRES REPEAT IN THE NORTHWEST QUARTER (NW112) OF FRACTIONAL SECTION SEVEN p), TOWNSHIP EIGHT (S) NORTH, RANGE
NINE (9) WEST OF THE 6TH P.M., ADAMS COUNTY, NEBRASKA, ACCORDING TO THE RECORDED PLAT THEREOF.
which currently has the address of ................................................ N, HIGHWAY 281
. ...................................................
[Street]
.................................................................... Nebraska ...................6.S.40J..................... (rrProperty Address"):
[City] [Zip Code]
TOGETHER WITH all the itnprovetuents now or hereafter erected ou the property, and all easements, appurtenances,
and fixtures now or hereafter a part of the property. All replacements and additions shall also be covered by this Security
Iustruntettt. All of the foregoing is referred to iu this Security Instrument as the ".Property. "
BORROWER COVENANTS that Borrower is lawfully seised of the estate hereby conveyed and has the right to grant
and convey the Property and that the Property is unencumbered, except for encumbrances of record. Borrower warrants and
will defend generally the title to the Property against all clahns and dentauds, subject to any eucutnbrauces of record.
THIS SECURITY INSTRUMENT combines unifontt covenants for national use and non-uvifonu covettauts with Ihnited
variations by jurisdiction to constitute a uuifonn security instrument covering real property.
UNIFORM COVENANTS. Borrower and Leader covenant and agree as follows:
1. Payment of Principal, Interest, Escrow Items, Prepayment Charges, and Late Charges. Borrower shall pay
when due the principal of, and interest on, the debt evidenced by the Note and any prepayment charges and late charges due
under the Note. Borrower shall also pay funds for Escrow Items pursuant to Section 3. Payments due under the Note and this
Security Iustrtuneut shall be made iu U.S. currency. However, if any check or other instrunteut received by Leader as paynteut
under the Note or this Security Instrument is returned to Leader unpaid, Leader may require that any or all subsequent
payments due under [lte Note and this Security Iustruuteut be made in one or more of the following forms, as selected by
Lender: (a) cash; (b) money order; (c) certified check, bank check, treasurer's check or cashier's check, provided any such
check is drawn upon an institution whose deposits are insured by a federal agency, iustrutneutality, or entity; or (d) Electronic
Funds Transfer.
Payments are deemed received by Leader when received at the location desigtated in the Note or at such other location
as may be designated by Lender in accordance with the notice provisions iu Section 15. Lender may return any payment or
partial payment if the payment or partial payments are insufficient to bring the Loau current. Lender may accept any payment
or partial payment insufficient to bring the Loau current, without waiver of any rights hereunder or prejudice to its rights to
refuse such payment or partial payments in the future, but Lender is not obligated to apply such payments at the time such
payments are accepted. If each Periodic Payment is applied as of its scheduled due date, then Lender aced not pay interest on
uuapplied funds. Lender may hold such uttapplied funds until Borrower makes payment to bring the Loau current. If Borrower
does not do so within a reasonable period of tune, Lender shall either apply such funds or return them to Borrower. If not
applied earlier, such funds will be applied to the outstanding principal balance under the Note htnnediately prior to foreclosure.
No offset or claim which Borrower might have now or iu the future against Lender shall relieve Borrower from making
payments due under [he Note and this Security Instrwneut or perforntiug the covenants and agreements secured by this Security
Iustrutnent.
2. Application of Payments or Proceeds. Except as otherwise described in this Section 2, all payments accepted and
applied by Leader shall be applied in the following order of priority: (a) interest due under the Note; (b) principal due under
the Note; (c) amounts due under Section 3. Such payments shall be applied to each Periodic Payment in the order in which it
became due. Any remaining amounts shalt be applied first to late charges, second to any other amounts due under this Security
Instrument, and then to reduce the principal balance of the Note.
If Lender receives a payment front Borrower for a delinquent Periodic Payment which includes a sufficient amount to
pay any late charge due, the payment Wray be applied to the delinquent paynteut and the late charge. If more than one Periodic
Payment is outstanding, Lender may apply any payment received from Borrower to the repayment of the Periodic Payments if,
and to the extent that, each payment can be paid in full. To the extent that any excess exists after the paynteut is applied to the
full payment of one or more Periodic Payments, such excess may be applied to any late charges due. Voluntary prepayments
shall be applied first to any prepayment charges and then as described iu the Note.
Any application of paynteuts, iusurauce proceeds, or Miscellaneous Proceeds to principal due under the Note shall not
extend or postpone the due date, or change the amount, of the Periodic Payments.
3. Funds for Escrow Items. Borrower shall pay to Lender ou the day Periodic Payments are due under the Note, until
the Note is paid in full, a sum (the "Funds") to provide for payment of amounts due for: (a) taxes and assessments and other
items which can attain priority over this Security Instrutneut as a lieu or eucmnbrance ou the Property; (b) leasehold payments
or ground rents on the Property, if any; (c) premiums for any and all iusurauce required by Leader under Section 5; and (d)
Mortgage Insurance premiums, if any, or any Bunts payable by Borrower to Leader iu lieu of the payment of Mortgage
Insurance premiwns iu accordance with the provisions of Section 10. These items are called "Escrow Items." At origination or
at any time during the teen of the Loan, Lender may require that Couununity Association Dues, Fees, and Assessments, if any,
be escrowed by Borrower, and such dues, fees and assessntetttsshall be..~u..~scrow Item. Borrower shall promptly furnish to
Louder all notices of amounts to be paid under this Section. Borrower shall pay Leader the Funds for Escrow Items unless
Leader waives Borrower's obligation to pay the Funds for •atiy or a11..Esctow.,_Iteuis. Leader may waive Borrower's obligation
to day to Leader Funds for and or all Escrow Reins at anytime. Any such waiver may only be i~tu,~~lllg';'{~it,!`the~~eii~~f Suclt
waiver, Borrower shall pay direc'tl'y, when and where payable, . the. autouuts_..t(~,~, for any Escrow Items for which payment of
~ ~~;ut}~-~hss-~I~u ~~n+a~rved-by Lettde~ and, if Lender requires, shall furnish to Lender receipts: eviiieuciug `such pay'>iieut;-GUitI"iYyt
such tithe period as Lender tray require. Borrower's obligation- to_make such, .payments au~l'`to provide 'tece~pts 'shall for all
]~t ~~p'rlrposes be c~ceuied to be a covenant and appreentent contained iu this Securit Instrume t, , asJ1t ~~,.
111C73f' -, t seEl- C 10 9 ^~f 4 Y ~ _ "Cn~r'r,a„r anrt
F,k,."1~@ '~~ys,]~ 4i~ 1' y- Borrower is obligated to pay Escrow Rents directly, put~aiit to a watve~,:'•~~id Borrower
faltttl~-Fannie Mae/Freddie Mac UNIFORM INSTRUMENT j,,', ., i'~`
NEBRA~~A-Single tC ~ ~• I - 2~.1_1b.L
~.k..{-~ ~y a """"'"""""'•
' hankers Syste~b' Inc., St. Clou~~l41 ~d Form MD-1-NE 8!17/2000 (prtge 2 of 7E7ag
~(~ta .1 ~,lX C~~ ~ :, ,...
a~~
20081108
fails to pay the antouut due for an Escrow Item, Lender tray exercise its rights under Section 9 and pay such amount and
Borrower shall then be obligated under Section 9 to repay to Leader any such amount. Leader Wray revoke the waiver as to any
or all Escrow Items at any tune by a notice given in accordance with Section 15 and, upon such revocation, Borrower shall pay
to Lender all Funds, and in such amounts, that are then required under this Section 3.
Leader may, at any timme, collect and hold Funds in au atnouut (a) sufficient to permit Leader to apply the Funds at the
time specified under RF,SPA, and (b) not to exceed the maximum amount a lender ca.u require under FZESPA. Lender shall
esthnate the amount of Funds due on the basis of current data and reasonable esthmates of expenditures of future Escrow Rents
or otherwise in accordance with Applicable Law.
The Funds shall be held in au institution whose deposits are insured by a federal agency, iustrwneutality, or entity
(including Leader, if Lender is an institution whose deposits are so insured) or in any Federal Home Loan Back. Leader shall
apply the Funds to pay the Escrow Rents ao later than the tune specified under RESPA. Leader shall not charge Borrower for
holding and applying the Funds, annually analyzing the escrow account, or verifying the Escrow Iteuts, utiless Leader pays
Borrower interest on the Funds and Applicable Law permits Leader to make such a charge. Unless au agreement is trade iu
writing or Applicable Law requires interest to be paid on the Funds, Leader shall-not be required to pay Borrower aay interest
or earnings on the Funds. Borrower and Leader can agree in writing, however, that interest shall be paid ou the Funds. Lender
shall give to Borrower, without charge, an annual accounting of the Funds as required by RESPA.
If there is a surplus of Funds held in escrow, as defined under RESPA, Lender shall account to Borrower for the excess
funds in accordance with IZESPA. If there is a shortage of Funds held in escrow, as defined uader 1ZESPA, Leader shall notify
Borrower as required by RESPA, and Borrower shall pay to Leader the atnouut necessary. to make up the shortage in
accordance with 12ISPA, but iu tto more than 12 monthly payments. If there is a deficiency of Funds held in escrow, as
defined uader 12IsSPA, Leader shall notify Borrower as required by 12ESPA, and Borrower-shall pay to Lender the amount
necessary to make up the deficiency is accordance with IZESPA, but iu uo more than 12 monthly payments.
Upon payment in full of all stems secured by this Security Instrtuneut, Lender shall promptly refund to Borrower any
Funds held by Lender.
4. Charges; Liens. Borrower shall pay all taxes, assessments, charges, fines, and impositions attributable to the
Property which can attain priority over this Security Iastrummeut, leasehold payments or ground routs on the Property, if any,
and Comm~uuity Association Dues, Fees, and Assessments, if aay. To the extent that these items are Escrow Items, Borrower
shall pay them in the ntauuer provided in Section 3.
Borrower shall promptly discharge any lieu which has priority over this Security Instrunteut utiless Borrower: (a) agrees
in writing to the payment of the obligation secured by the lien in a ntauuer acceptable to Leader, but otily so Loug as Borrower
is performing such agreement; (b) contests the lien iu good faith by, or defends against enforcement of the lieu in, legal
proceedings which is Lender's opinion operate to prevent the enforcement of the lieu while those proceedings are pending, but
otily until such proceedings are concluded; or (c) secures from the holder of the lieu au agreement satisfactory to Leader
subordinating the lieu to this Security Iastrumeut. If Leader deterniues that any part of the Property is subject to a lieu which
can attain priority over this Security Iustrutnent, Leader may give Borrower a notice identifying the lieu. Within 10 days of
the date ou which that notice is given, Borrower shall satisfy the lieu or take one or more of the actions set forth above [a this
Section 4.
Leader Wray require Borrower to pay a one-time charge for a real estate tax verification and/or reporting service used by
Leader in connection with this Loan.
5. Property Insurance. Borrower shall keep the improvements now existing or hereafter erected ou the Property
insured against loss by fire, hazards included within the tern "extended coverage," and any other hazards including, but not
limited to, earthquakes and floods, for which Leader requires insurance. This tnsurattce shall be tnaiutained in the amounts
(including deductible levels) and for the periods that Lender requires. What Lender requires pursuant to the preceding
sentences can change during the tern of the Loan. The insurance carrier providing the insurance shall be chosen by Borrower
subject to Lender's right to disapprove Borrower's choice, which right shall not be exercised unreasonably. Lender may
require Borrower to pay, in connection with this Loan, either: (a) a one-thee charge for flood zone deteruittatioa, certification
and tracking services; or (b) a one-time charge for flood zone deterntiaation and certification services and subsequent charges
each Bute rentappings or sinti[ar changes occur which reasonably might affect such determination or certification. Borrower
shall also be responsible for the payment of any fees imposed by the Federal Emergency Management Agency iu connection
with the review of any flood zone determination resulting front au objection by Borrower.
If Borrower fails to ntaiutaiu any of the coverages described above, Lender Wray obtain insurance coverage, at Lender's
option and Borrower's expense. Leader is under no obligation to purchase any particular type or ammount of coverage.
Therefore, such coverage shall cover Lender, but might or might not protect Borrower, Barrower's equity in the Property, or
the contents of the Property, against any risk, hazard or liability and might provide greater or lesser coverage than was
previously in effect. Borrower acknowledges that the cost of the insurance coverage so obtained might significantly exceed the
cost of insurance that Borrower could have obtained. Any antowtts disbursed by Leader uader this Section 5 shall become
additional debt of Borrower secured by this Security Instrunteut. These amounts shall bear interest at the Note rate froth the
date of disbursement and shall be payable, with such interest, upon notice from Leader to Borrower requesting payment.
All ittsurattce policies required by Leader aitd renewals of such policies shall be subject to Lender's right to disapprove
such policies, shall include a standard mortgage clause, and steal[ name Lender as mortgagee and/or as au additional loss payee.
Lender shall have the right to hold the policies and renewal certificates. If Louder requires, Borrower shall promptly give to
Lender all receipts of paid premiums and renewal notices. If Borrower obtains any fora of [usurauce coverage, not otherwise
required by Leader, for damage to, or destruction of, the Property, such policy shall include a standard mortgage clause and
shall came Lender as mortgagee and/or as an additional loss payee.
In the event of loss, Borrower shall give prompt notice to the insurance carrier and Louder. Leader may make proof of
loss if not made promptly by Borrower. Unless Lender and Borrower otherwise agree in writing, any insurance proceeds,
whether or not the underlying insurance was required by Leader, shall be applied to restoration or repair of the Property, if the
restoration or repair is economically feasible and Lender's security is not lessened. During such repair and restoration period,
Lender shall have the right to hold such insurance proceeds until Lender has had au opportunity to inspect such Property to
ensure the work tins been completed to Lender's satisfaction, provided that such inspection shall be undertaken promptly.
Louder may disburse proceeds for the repairs and restoration iu a single payment or iu a series of progress payments as the
work is completed. Unless an agreement is made iu writing or Applicable Law requires interest to be paid on such insurance
proceeds, Leader shall not be required to pay Borrower any interest or earnings ou such proceeds. Fees for public adjusters, or
other third parties, retained by Borrower shall not be paid out of the insurance proceeds and shall be the sole obligation of
Borrower. If the restoration or repair is not economically feasible or Lender's security would be lessened, the insurance
proceeds shall be applied to the sutras secured by this Security Iastruumeut, whether or not then due, with the excess, if any,
paid to Borrower. Such insurance proceeds shall be applied in the order provided for iu Section 2.
If Borrower abandons the Property, Louder Wray file, negotiate and settle any available insurance claim and related
matters. If Borrower does not respond within 30 days to a notice from Lender that the insurance carrier has offered to settle a
claim, then Lender may negotiate and settle the claim. The 30-day period will begin when the notice is given. In ether event,
or if Lender acquires the Property under Section 22 or otherwise, Borrower hereby assigns to Lender (a) Borrower's rights to
any insurance proceeds in au amount not to exceed the anu>uuts unpaid under the Note or this Security Instrument, and (b) any
other of Borrower's rights (other than the right to any refund of unearned premiums paid by Borrower) under all insurance
policies covering the Property, insofar as such rights arc applicable to the coverage of the Property. Lender may use the
insurance proceeds either to repair or restore the Property or to pay antouuts unpaid uader the Note or this Security Instrument,
whether or not then due.
6. Occupancy. Borrower shall occupy, establish, and use the Property as Borrower's principal residence w[thiu 60 days
after the execution of this Security Instrument and shall continue to occupy the Property as Borrower's principal residence for
at least one year after the date of occupancy, utiless Lender otherwtse agrees iu writing, which consent shall not be
unreasonably withheld, or utiless extenuating circumtstauces exist which are beyond Borrower's control.
NEBRASKA-Single Family-Fannie Mae/Freddie Mac UNIFORM INSTRUMENT rm 30, 1/01
Bankers Systems, Inc., St. Cloud, MN Form MD-1-NE 8/17/2000 (page 3 of 7pages)
~~
~~~~~~~~
7. Preservation, Maintenance and Protection of the Property; Inspections. Borrower shall not destroy, damage or
impair the Property, allow the Property to deteriorate or conunit waste on the Property. Whether or not Borrower is residing in
the Property, Borrower shall maintain the Property in order to prevent the Property from deteriorating or decreasing iu value
due to its condition. Unless it is determined pursuant to Section 5 that repair or restoration is not ecouontically feasible,
Borrower shall promptly repair the Property if damaged to avoid further deterioration or damage. If insurance or
condenutatiou proceeds are paid is connection with datnage to, or the taking of, the Property, Borrower shall be responsible for
repairing or restoring the Property only if Lender has released proceeds for such purposes. Lender Wray disburse proceeds for
the repairs and restoration in a single payment or is a series of progress payments as the work is completed. If the insurance or
COlldC1ll11at10(1 proceeds are not sufficient to repair or restore the Property, Borrower is not relieved of Borrower's obligation
for the completion of such repair or restoration.
Lender or its agent may make reasonable entries upon and inspections of the Property. If it has reasonable cause,
Lender may inspect the ulterior of the improvements on the Property. Lender shall give Borrower notice at the three of or prior
to such au interior inspection specifying such reasonable cause.
8. Borrower's Loan Application. Borrower shall be iii default if, during fire Loau application process, Borrower or
any persons or entities acting at the direction of Borrower or with Borrower's knowledge or consent gave materially false,
misleading, or inaccurate iufornation or statements to Leader (or failed to provide Leader with. material iafornation) iu
connection with the Loan. Material representations include, but are not lhnited to, representations concerning Borrower's
occupancy of the Property as Borrower's principal residence.
9. Protection of Lender's Interest iu the Property; and Rights Under this. Security Instrument. If (a) Borrower fails
to perforn the covenants and agreements contained iu this Security Instrument, (b) there is a legal proceeding that might
significantly affect Lender's interest in the Property and/or rights under this Security Instrtunent {such as a proceeding in
bankruptcy, probate, for condenvtation or forfeiture, for enforcement of a lieu which may attain priority over this Security
Instruineut or to enforce laws or regulations), or (c) Borrower has abandoned the Property, then Lender Wray do and pay for
whatever is reasonable or appropriate to protect Lender's interest in the Property and rights under this Security Instrument,
including protecting and/or assessing the value of the Property, and securing and/or repairing the Property. Leader's actions
can include, but are not limited to: (a) paying any stuns secured by a lien which has priority over this Security Instrument; (b)
appearing in court; and (c) paying reasonable attorneys' fees to protect its interest in the Property and/or rights under this
Security Iustrutnent, including its secured position in a bankruptcy proceeding. Securing the Property includes, but is not
limited to, entering the Property to make repairs, change locks, replace or board up doors and windows, drain water from
pipes, eliminate building or other code violations or dangerous conditions, and have utilities turned oa or off. Although Lender
may take action under this Section 9, Lender does not have to do so and is not under any duty or obligation to do so. It is
agreed that Lender incurs no liability for not taking any or all actions authorized under this Section 9.
Any amounts disbursed by Leader under this Section 9 shall become additional debt of Borrower secured by this
Security Instrument. These amounts shall bear interest at the Note rate from the date of disbursement and shall be payable, with
such interest, upon notice from Lender to Borrower requesting payment.
If this Security Instrument is ou a leasehold, Borrower shall comply with all the provisions of the lease. If Borrower
acquires fee title to the Property, the leasehold and the fee title shall not merge unless Lender agrees to the merger in writing.
10. Mortgage Insurance. If Lender required Mortgage Insurance as a condition of making the Loan, Borrower shall
pay the premiums required to maintain the Mortgage Insurance in effect. If, for any reason, the Mortgage Insurance coverage
required by Leader ceases to be available from the mortgage insurer that previously provided such insurance and Borrower was
required to make separately designated payments toward the premiums for Mortgage Insurance, Borrower shall pay the
premiums required to obtain coverage substantially equivalent to the Mortgage Insurance previously in effect, at a cost
substantially equivalent to the cost to Borrower of the Mortgage Insurance previously in effect, from an alternate mortgage
insurer selected by Lender. If substantially equivalent Mortgage Insurance coverage is not available, Borrower shall continue to
pay to Lender the amount of the separately designated payments that were due when the insurance coverage ceased to be is
effect. Lender will accept, use and retain these payments as anon-refundable loss reserve in lieu of Mortgage Insurance. Such
loss reserve shall be non-refundable, notwithstanding the fact that the Loan is ultimately paid in full, and Lender shall not be
required to pay Borrower any interest or earnings on such loss reserve. Lender can uo longer require loss reserve payments if
Mortgage Insurance coverage (in the ainouut and for the period that Lender requires) provided by au insurer selected by Louder
again becomes available, is obtained, and Lender requires separately designated payments toward the premiums for Mortgage
Insurance. If Leader required Mortgage Insurance as a condition of making the Loau and Borrower was required to make
separately designated payments toward the premiums for Mortgage Insurance, Borrower shall pay the premiums required to
maintain Mortgage Insurance iu effect, or to provide anon-refundable loss reserve, until Lender's requirement for Mortgage
Insurance ends in accordance with any written agreement between Borrower and Leader providing for such ternittatiou or until
termination is required by Applicable Law. Nothing iu this Section 10 affects Borrower's obligation to pay interest at the rate
provided in the Note.
Mortgage Insurance reimburses Louder (or any entity that purchases the Note) for certain losses it may incur if
Borrower does not repay the Loan as agreed. Borrower is not a party to the Mortgage Insurance.
Mortgage insurers evaluate their total risk on all such insurance in force from tune to time, and may enter into
agreements with other parties that share or modify their risk, or reduce losses. These agreements are on terns and conditions
that are satisfactory to the mortgage insurer and the other party (or parties) to these agreements. These agreements may require
the mortgage insurer to make payments using any source of funds that the mortgage insurer may have available (which may
include funds obtained front Mortgage Insurance premiums).
As a result of these agreements, Leader, any purchaser of the Note, another insurer, any reiusurer, any other entity, or
any affiliate of any of the foregoing, may receive (directly or indirectly) amounts that derive from (or might be characterized
as) a portion of Borrower's payments for Mortgage Insurance, iu exchange for sharing or modifying the mortgage insurer's
risk, or reducing losses. If such agreement provides that an affiliate of Lender takes a share of insurer's risk iu exchange for a
share of the pretniwms paid to fire insurer, the arrangement is often terued "captive reinsurance. " Further:
(a) Any such agreements will not affect the amounts that Borrower has agreed to pay for Mortgage Insurance, or
any other terms of the Loan. Such agreements will not increase the amount Borrower will owe for Mortgage Insurance,
and they will not entitle Borrower to arty refund.
(b) Any such agreements will not affect the rights Borrower .has--if any--with respect to fire Martgage Insurance
under the Homeowners Protection Act of 1998 or any other law. These rights may include the right to receive certain
disclosures, to request and obtain cancellation of the Mortgage Insurance, to have the Mortgage Insurance terminated
automatically, and/or to receive a refund of any Mortgage Insurance premiums that were unearned at the time of such
cancellation or termination.
11. Assignment of Miscellaneous Proceeds; Forfeiture. All Miscellaneous Proceeds are hereby assigned to and shall
be paid to Lender.
If the Property is damaged, such Miscellaneous Proceeds shall be applied to restoration or repair of the Property, if the
restoration or repair is economically feasible and Leader's security is not lessened. During such repair and restoration period,
Lender shall have the right to hold such Miscellaneous Proceeds until Lender has had au opportunity to inspect such Property
to ensure the work has been completed to Lender's satisfaction, provided that such ittspectioa shall be undertaken promptly.
Leader may pay for the repairs and restoration iu a single disbursement or in a series of progress payments as the work is
completed. Unless an agreement is made in writing or Applicable Law requires interest to be paid on such Miscellaneous
Proceeds, Leader shall not be required to pay Borrower any interest or earnings oa such Miscellaneous Proceeds. If the
restoration or repair is not ecouonucally feasible or Leader's security would be lessened, the Miscellaneous Proceeds shall be
applied to the stuns secured by this Security Instrument, whether or not then due, with the excess, if any, paid to Borrower.
Such Miscellaneous Proceeds shall be applied in the order provided for iu Section 2.
In the event of a total taking, destruction, or loss in value of the Property, the Miscellaneous Proceeds shall be applied
to the sums secured by this Security Instrument, whether or not then due, with the excess, if any, paid to Borrower.
NEBRASKA-Single Family-Fannie Mae/Freddie Mac UNIFORM INSTRUMENT orm 3028 1/01
Bankers Systems, Inc„ St, Cloud, MN Form MD-1-NE 8/17/2000 (/xlge 4 of 7 jxtge
~/ /7r i
/X
2oosii08
In the event of a partial taking, destruction, or loss in value of the Property in which the fair market value of the
Property immediately before the partial taking, destruction, or loss in value is equal to or greater than the atnouut of the sutus
secured by this Security Instrument hnmediately before the partial taking, destruction, or loss in value, utiless Borrower and
Leader otherwise agree in writing, the sums secured by this Security Iustrumeut shall be reduced by the amount of the
Miscellaneous Proceeds multiplied by the following fraction: (a) the total atuount of the sums secured innediately before the
partial taking, destruction, or loss itt value divided by (b) the fair market value of the Property inuttediately before the partial
taking, destruction, or loss in value. Any balance shall be paid to Borrower.
In the event of a partial taking, destruction, or loss in value of the Property iu which the fair market value of the.
Property unntediately before the partial taking, destruction, or loss iu value' is less than the amount of the sums secured
inuuediately before the partial taking, destruction, or loss in value, unless Borrower and Lender otherwise agree ua writing, the
Miscellaneous Proceeds shall be applied to the sums secured by this Security Instrument whether or not the Bunts are then due.
If the Property is abandoned by Borrower, or if, after uotuce by Lender to Borrower that the Opposing Party (as defined
uu the next sentence) offers to make an award to settle a claim for damages, Borrower fails to respond to Lender within 30 days
after the date the uotuce is given, Lender us authori?ed to collect and apply the iMiscellaneous Proceeds euther to restoration or
repair of the Property or to the Bunts secured by this Security hnstrument, whether or not then due. "Opposing Party" means
the third party that owes Borrower Miscellaneous Proceeds or the party against whom Borrower has a right of action iu regard
to Miscellaneous Proceeds.
Borrower shall be in default of any action or proceeding, whether civil or crnniual; is begun that, in Lender's judgment,
could result in forfeuture of the Property or other maternal ititpainnent of Lender's interest uu the Property or rights under this
Security Iustrumeut. Borrower can cure such a default and, if acceleration has occurred, reinstate as provided iu Section 19, by
causing the action or proceedung to be dismissed wuth a ruling. that, in Lender's judgment,: precludes fot~feiture of the Property
or other maternal uupairtnent of Lender's unterest in the Property or rights under thus Securuty Iustrwnent. The proceeds of any
award or claim for damages that are attrubutable to the impairment of Lender's unterest nu the Property are hereby assigned and
shall be paid to Leader.
All Miscellaneous Proceeds that are not applied to restoration or repair of the Property shall be applied iu the order
provided for in Section 2.
12. Borrower Not Released; Forbearance By Lender Not a Waiver. Extension of the tutee for payment or
modifucatiou of amortization of the starts secured by thus Securuty Iustrumeut granted by Leader to Borrower or any Successor
iu Interest of Borrower shall not operate to release the liability of Borrower or any Successors uu Interest of Borrower. Lender
shall not be required to comnteuce proceedings against any Successor in Interest of Borrower or to refuse to extend tune for
payment 'or otherwuse modify aulortization of the sums secured by thus Securuty Instrwmeut by reason of any demand made by
the original Borrower or any Successors iu Interest of Borrower. Auy forbearance by Leader is exercising any right or remedy
including, without lintitatiou, Lender's acceptance of payments from third persons, entities or Successors in Interest of
Borrower or iu amounts less than the amount then due, shall not be a waiver of or preclude the exercise of any right or remedy.
13. Joint and Several Liability; Co-signers; Successors and Assigns Bound. Borrower coveaattts aad agrees that
Borrower's obligations and liability shall be joint and several. However, any Borrower who co-sagas thus Securuty Instrument
but does not execute the Note (a "co-signer"): (a) us co-signing thus Securuty Instruneut only to mortgage, grant and convey the
co-signer's interest in the Property under the terms of thus Securuty Instrument; (b) is not personally obligated to pay the sums
secured by thus Securuty Instrmnent; and (c) agrees that Lender and any other Borrower can agree to extend, modify, forbear or
make any accomntodatious with regard to the teens of this Security Instrunneat or the Note without the co-signer's consent.
Subject to the provisions of Section 18, any Successor in Interest of Borrower who assumes Borrower's obligations
under this Securuty Instrutneut in wrutung, and us approved by Lender, shall obtain all of Borrower's rights and benefits under
this Security Instrunteut. Borrower shall not be released from Borrower's obligations and liability under this Security
Instrument utiless Lender agrees to such release uu wrutung. The covenants and agreements of thus Securuty Iustrumeut shall band
(except as provided in Section 20) aad benefit the successors and assigns of Leader.
14. Loan Charges. Lender may charge Borrower fees for servnces performed In COllllP,Ct101t with Borrower's default,
for the purpose of protecting Lender's interest in the Property and rights under this Securuty Instrument, including, but not
limited to, attorneys' fees, property inspection aad valuatuoa fees. In regard to any other fees, the absence of express authority
nu thus Securuty Iustrumeut to charge a specific fee to Borrower shall not be construed as a prohibition on the charging of such
fee. Lender may not charge fees that are expressly prohibited by this Security Iustrumeut or by Applicable Law.
If the Loan us subject to a law wliich sets ntaxintunt loan charges, and that law is finally interpreted so that the interest
or other loan charges collected or to be collected ua connection with the Loau exceed the permitted limits, thee: (a) any such
Loau charge shall be reduced by the atnouut accessary to reduce the charge to the permitted Ihnit; and (b) any Bunts already
collected from Borrower which exceeded permitted limits will be refunded to Borrower. Lender Wray choose to make this
refund by reducing the principal owed under the Note or by making a direct payment to Borrower. If a refund reduces
principal, the reduction will be treated as a partual prepayment without any prepayment charge (whether or not a prepayment
charge us provided for under the Note). Borrower's acceptance of any such refund made 6y dnrect payment to Borrower wall
constitute a waiver of any right of action Borrower might have arising out of such overcharge.
1_5. Notices. All notices given by Borrower or Lender in connection with thus Securuty Iustrmneut must be is wrutung.
Auy uotuce to Borrower is connectuon with this Securuty Instrument shall be deemed to have been given to Borrower when
mauled by first class maul or when actually delivered to Borrower's notice address if sent by other means. Notice to any one
Borrower shall constitute uotuce to all Borrowers unless Applicable Law expressly requires otherwuse. The uotuce address shall
be the Property Address unless Borrower has designated a substitute notice address by notice to Lender. Borrower shall
promptly notify Lender of Borrower's change of address. If Leader specifies a procedure for reporting Borrower's change of
address, then Borrower shall otily report a change of address through that specified procedure. There may be otily one
designated notice address under this Securuty Iustrtunettt at any one time. Any uotuce to Lender shall be guven by delivering it
or by mailing ut by first class maul to Lender's address stated hereon utiless Lender has designated another address by uotuce to
Borrower. Auy notice iu connectuon with this Securuty Instrmnent shall trot be deemed to have been given to Lender until
actually received by Leader. If any notice required by this Securuty Instrument is also required under Applicable Law, the
Applicable Law requirement will satisfy the correspoading requirement under this Security Instrument.
16. Governing Law; Severability; Rules of Construction. Thus Securuty Instrument ,shall be governed by federal law
and the law of'the jurisdiction iu which the Property is located. All rights and obligatiots contained un this Security Instrument
are subject to any requirenteats and limitations of Applucable Law. Applucable Law might explicitly or implicitly allow the
parties to agree by contract or it might be silent, but such silence shall not be construed as a prohubutnon against agreement by
contract. In the event that any provision or clause of this Securuty Instrunteut or the Note conflicts with Applicable Law, such
conflict shall not affect other provisions of this Security Instrument or the Note which eau be given effect without the
conflicting provision.
As used in this Security Iustrumeut: (a) words of the ntasculiue gender shall mean and include correspoading neuter
words or words of the feminine gender; (b) words in the singular shall mean and include the plural and vice versa; and (c) the
word "niay" gives sole discretion wuthout any obligation to take any actuon.
17. Borrower's Copy. Borrower shall be guven one copy of the Note and, of thus Securuty Iustrumeut.
18. Transfer of the Property or a Beneficial Interest in Borrower: As used iu this Section 18, "Interest iu the
Property" means nay legal or beneficial interest in the Property, including, but not limited to, those beneficial interests
transferred in a bond for deed, contract for deed, instalhneut sales contract or escrow agreement, the intent of which is the
transfer of title by Borrower at a future date to a purchaser.
If all or any part of the Property or any Interest in the Property is sold or transferred (or if Borrower is not a natural
person aad a beneficial unterest in Borrower us sold or transferred) wuthout Lender's prior written consent, Leader may require
immediate payment is full of all Bunts secured by this Securuty Instrunteut. However, this option shall not be exercised by
Lender if such exercise is prohibited by Applicable Law.
NEBRASKA-Single Family-Fannie Mae/Freddie Mac UNIFORM INSTRUMENT //~/,/( rm 30 8 1/01
Bankers Systems, Inc., St. Cloud, MN Form MD-1-NE 8/17/2000 (µzge 5 of 7prige~/v
~~
2UU8~.~08
If Louder exercises this option, Louder shall give Borrower notice of acceleration. The notice shall provide a period of
not less than 30 days front the date the notice is given in accordance with' Section 15 within which Borrower must pay all Bunts
secured by this Security Instrument. If Borrower fails to pay these sums prior to the expiration of this period, Leader may
invoke any remedies permitted by this Security Instrument without further notice or demand ou Borrower.
19. Borrower's Right to Reinstate After Acceleration. If Borrower tricots certain conditions, Borrower shall have the
right to have enforcement of this Security Instrument discontinued at any tune prior to the earliest of: (a) five days before sale
of the Property pursuant to any power of sale contained iu this Security Instrument; (b) such other period as Applicable Law
Wright specify for the tennittation of Borrower's right to reinstate; or (c) entry of a judgment enforcing this Security htstrumeut.
Those conditions arc that Borrower: (a) pays Leader all sums which thou would be due under this Security Instrwnent and the
Note as if no acceleration had occurred; (b) cures any default of any other covenants or agreements; (c) pays all expenses
incurred in enforcing this Security Instrument, including, but not limited to, reasonable attorneys' fees, property inspection and
valuation fees, and other fees incurred for the purpose of protecting Lender's interest in the Property and rights under this
Security Iustruntent; and (d) takes such action as Louder may reasonably require to assure that Lender's interest in the Property
and rights under this Security Instrument, and Borrower's obligation to pay the sums secured by this Security Instrument, shall
continue unchanged. Lender Wray require that Borrower pay such reinstatement sums and expenses iu one or more of the
following forms, as selected by .Lender: (a) cash; (b) ntouey order; (c) certified check, batik check, treasurer's check or
cashier's check, provided any such check is drawn upon au institution whose deposits are insured by a federal agency,
instrumentality or entity; or (d) Electronic Funds Transfer. Upon reiustatentent by Borrower, 'this Security Instrument and
obligations secured hereby shall remain fully effective as ifs uo acceleration Nadi occurred. However, this right to reinstate shall
not apply itt the case of acceleration under Section 18.
20. Sale of Note; Change of Loatt Servicer; 1"votice of Gt•ievance. The Note or a partial interest iu the Note (together
with this Security Instrument) can be sold one or more tunes without prior notice to Borrower. A sale might result in a change
in the entity (known as the "Loan Setvicer") that collects Periodic Payments due under the Note and this .Security Instrument
and performs other mortgage loan servicing obligations under the Note, this Security Iustrutneut, and-Applicable Law. There
also might be one or more changes of the Loan Servicer unrelated to a sale:, of the Note. If there is a change of the Loan
Servicer, Borrower will be given written notice of the change which will state the Warne and address of the new Loan Servicer,
the address to which payments should be made and any other iufortuatiou I'tESPA requires iu connection with a notice of
transfer of servicing. If the Note is sold and thereafter the Loan is serviced by a Loau Servicer other than the purchaser of the
Note, the mortgage loan servicing obligations to Borrower will remain with the Loan Setvicer or be transferred to a successor
Loan Scrvicer and are not assumed by the Note purchaser unless otherwise provided by the Note purchaser.
Neither Borrower nor Leader Wray conuneuce, join, or be joined to any judicial action (as either au individual litigant or
the member of a class) that arises from the other party's actions pursuant to this Security Instrument or that alleges that the
other party has breached any provision of, or any duty owed by reason of, this Security Instrument, until such Borrower or
Leader has notified the other party (with such notice given in compliance with the requirements of Section 15) of such alleged
breach and afforded the other party hereto a reasonable period after the giving of such notice to take corrective action. If
Applicable Law provides a tithe period which must elapse before certain action eau be taken, that three period will be deemed to
be reasonable for purposes of this paragraph. The notice of acceleration and opportunity to cure given to Borrower pursuant to
Section 22 and the notice of acceleration given to Borrower pursuant to Section 18 shall be deemed to satisfy the notice and
opportunity to take corrective action provisions of this Section 20.
21. Hazardous Substances. As used in this Section 21: (a) "Hazardous Substances" are those substances defined as
toxic or hazardous substances, pollutants, or wastes by Euviromneutal Law and the following substances: gasoline, kerosene,
other flanunable,or toxic petroleum products, toxic pesticides and herbicides; volatile solvents, materials containing asbestos or
fonnaldehyde`,.'a~d radioactive materials; (b) "Euviromneutal Law" nteaus federal laws and laws of the jurisdiction where the
Property is located that relate to health, safety or euviromneutal protection; (c) "Euviromneutal Cleanup" includes any response
action, remedial action, or removal action, as defined itt Envirottuteutal Law; and (d) au "Euviromneutal Condition" means a
condition that can cause, contribute to, or otherwise trigger au Euviromneutal Cleanup.
Borrower shall not cause or permit the presence, use, disposal, storage, or release of any Hazardous Substances, or
threaten to release arty Hazardous Substances, ott or iu the Property. Borrower shall not do, nor allow attyoue else to do,
anything affecting the Property (a) that is iu violation of any Euvirotunental Law, (b) which creates au Envirotmteutal
Condition, or (c) which, due to the presence, use, or release of a Hazardous Substance, creates a condition that adversely
affects the value of the Property. The preceding two sentences shall not apply to the presence, use, or storage ou the Property
of small quantities of Hazardous Substances that are generally recognized to be appropriate to uonnal residential uses and to
maintenance of the Property (including, but not limited to, hazardous substances iu coustuner products).
Borrower shall promptly give I,euder written notice of (a) any investigation, clann, demand, lawsuit or other action by
any govermneutal or regulatory agency or private party involving the Property sand any Hazardous Substance or Enviromuental
Law of which Borrower has actual knowledge, (b) any Euviromneutal Condition, including but not limited to, any spilling,
leaking, discharge, release or threat of release of any Hazardous Substance, and (c) any condition caused by the presence, use
or release of a Hazardous Substance which adversely affects the value of the Property. If Borrower learns, or is notified by any
govermnental or regulatory authority, or any private party, that any removal or other remediatiou of any Hazardous Substance
affecting the Property is accessary, Borrower shall promptly take all necessary remedial actions in accordance with
Enviromneutal Law. Nothing herein shall create any obligation on Leader for au Euviromneutal Cleanup.
NON-UNIFORM COVENANTS. Borrower and Lender further covenant and agree as follows:
22. Acceleration; Remedies. Lender shall give notice to Borrower prior to acceleration following Borrower's
bt•eaclt of any covettattt or agreement in this Security Instrument (but not prior to acceleration under Section 18 unless
Applicable Law provides otherwise). The notice shall specify: (a) the default; (b) the action required to cure the default;
(c) a date, not less than 30 days ft•om the date the notice is given to Borrower, by which the default must be cured; and
(d) that failut•e to cure the default ott or before the date specified in the notice may result in acceleration of tiro sums
secured by this Security Instrument and sale of the Property. The notice shall further inform Borrower of the right to
reinstate after acceleration and the right to bring a court action to assert the non-existence of a default or any other
defense of Borrower to acceleration and sale. If the default is not cured on or before the date specified in the notice,
Lender at its option may require immediate payment in full of all sums secured by this Security Instrument without
furtltet• detnattd attd may invoke the power of sale and any outer remedies permitted by Applicable Law. Lender shall be
entitled to collect all expenses incurred in pursuing the remedies provided in this Section 22, including, but not limited
to, reasonable attorneys' fees and costs of title evidence.
If the power of sale is invoked, Trustee shall record a notice of default in each county in which any part of the
Property is located and shall mail copies of such notice in the matmer prescribed by Applicable Law to Borrower and to
the other persons prescribed by Applicable Law. After the time required by Applicable Law, Trustee shall give public
notice of sale to the persons and in the manner prescribed by Applicable Law. Trustee, without demand on Borrower,
shall sell the Pt•operty at public auction to the highest bidder at the time and place and under the terms designated in the
notice of sale itt one or mote parcels and in arty order Trustee determines. Trustee may postpone sale of all or any pat•cel
of the Property by public announcement at the time and place of any previously scheduled sale. Lender or its designee
may purchase the Property at any sale.
Upon receipt of payment of the price bid, Trustee shall deliver to the purchaser Trustee's deed conveying the
Property. The recitals in the Trustee's deed shall be prima facie evidence of the truth of the statements made therein.
Trustee shall apply the proceeds of the sale in the following order: (a) to all costs and expenses of exercising the power of
sale, and the sale, including the payment of the Trustee's fees actually incurred and reasonable attorneys' fees as
permitted by Applicable Law; (b) to all sums secured by this Security Instrument; and (c) any excess to the person or
persons legally entitled to it.
NEBRASKA-Single Family-Fannie Mae/Freddie Mac UNIFORM INSTRUMENT ~~////~///s/~~~/ F~rm 302 1101
Bankers Systems, Inc., St. Cloud, MN Form MD-1-NE 8/17/2000 (prige 6 of 7pageyZ ;/ /~_
6 ~ - '
(p4~ 7
~oo$ii~8
23. Reconveyanee. Upon payment of all sums secured by this Security Instrument, Lender shall request Trustee to
recouvey the Property and shall surrender this Security Iustruuleut and all cotes evidencing debt secured by this Security
Instrtument to Trustee. Trustee shall recouvey the Property without warranty to the person or persons legally entitled to it.
Such person or persons shall pay any recordation costs. Leuder may charge such person or persons a fee for recouveyiug the
Property, but oiily if the fee is paid to a third party (such as the Trustee) for services rendered and the charging of the fee is
penni[ted under Applicable Law.
24. Substitute Trustee. Lender, at its option, may from true to tune remove Trustee and appoint a successor trustee to
any Trustee appointed hereunder by an instrument recorded in the county iu which this Security Instrument is recorded.
Without conveyance of the Property, the successor trustee shall succeed to all the title, power and duties conferred upon
Trustee herein and by Applicable Law.
25. Request for Notices. Borrower requests that copies of the notice of default and sale be sent to Borrower's address
which is the Property Address.
BY SIGNING BELOW, Borrower accepts and agrees to the teens and covenants contained iu this Security Instrument
and in any Rider executed by Borrower and recorded with it.
........ ~ ... ~ ........... Seal
AN L. WILLIAMS ( )
-Borrower
,^~ II
1~.~'~ .lam , ..... .. .! ............... (Seal)
DEBORAH S, WILLIAMS -Borrower
STATE OF NEBKASKA
[Space Below This Line For Acknowledgment)
County of ... ......... .ADAMS
The foregoing iustrwnent was acknowledged before me this .03;17;2008
.............................................................
...................................(date) by A4AN1.~.III,I.IAM.S;.P1=.QQRAH.~•.1NI.LJ,IAI~IS,.HUSQAN4.ANAWIF.E................................................
.................................................................... .........................(flame of person acknowledged).
My Commission expires: 09.19.2010
G~IERAt. NOtAR1r • St~l Ot NIbullsr ..
JUDY A. SOU!(UP .............................. .
MyCornm.61p.8 .18,2010 JUDY A. SO UP No ry Public
NEBRASKA-Single Family-Fannie Mae/Freddie Mac UNIFORM INSTRUMENT
Bankers Systems, Inc., St. Cloud, MN Form MD-i-NE 8/17/2000 Form 3028 1/01 (Rzge 7of7lxiges)
7oa 7