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<br /> This Instrument Prepared By: C!1 �
<br /> Gommercial Federal Bank '�"�
<br /> 3301 W State Str, �
<br /> Grand Island, NE 68803 •
<br /> (308) 384-4310
<br /> JMUELL
<br /> State of Nebraska Space Above This Line For Recording Data
<br /> DEED OF TRUST .�pplication # 0109326207 �J
<br /> (With Future Advance Clause) �
<br /> � Construction Security Agreement �v
<br /> 1. DATE AND PARTIES. The date of this Deed of Trust(Security Instrument) is February �, 2 0 0 0
<br /> ............................
<br /> and the parties, their addresses and tax identification numbers, if required, are as follows:
<br /> TRUSTOR: RICHARD MARTINEZ JENNIFER L MARTINEZ
<br /> 816 E SUNSET AVE 816 E SUNSET AVE
<br /> Grand Island, NE 68801 Grand Island, NE 68801
<br /> D If checked, refer to the attached Addendum incorporated herein, for additional Trustors, their signatures and
<br /> aclrnowledgments.
<br /> TRUSTEE:
<br /> Commercial Federal Bank
<br /> 2120 S 72 Str
<br /> Omaha, NE 68124
<br /> BENEFICIARY:
<br /> Commercial Federal Bank
<br /> PO Box 1103
<br /> Omaha, NE 68101
<br /> 2. CONVEYANCE. For good and valuable consideration, the receipt and sufficiency of which is acknowledged, and to secure
<br /> the Secured Debt (defined below) and Trustor's performance under this Security Instrument, Trustor irrevocably grants,
<br /> conveys and sells to Trustee, in trust for the benefit of Beneficiary, with power of sale, the following described property:
<br /> PLEASANT VIEW 7TH(SEVENTH) SUBDIVISION W 14.8' (FOURTEEN AND EIGHT TENTHS) OF
<br /> LOT 4 AND E 70.6 ' (SEVENTY AND SIX TENTHS) OF LOT 3 BLK l. CITY OF GRAND ISLAND,
<br /> HALL COUNTY NEBRASKA.
<br /> The property is located in Hall at 816 E SUSET AVE
<br /> ................................................... ........................................
<br /> (County)
<br /> Grand I s land , Nebraska 6 8 8 O 1
<br /> ....................................... � ..............
<br /> (Address) (City) (ZIP Code)
<br /> Together with all rights, easements, appurtenances, royalties, mineral rights, oil and gas rights, all water and riparian rights, ,
<br /> ditches, and water stock and all existing and future improvements, structures, fixtures, and replacements that may now, or at
<br /> any time in the future, be part of the real estate described above (all referred to as "Property").
<br /> 3. NIAX:r�!T JM fJBI.IG 4TIQ:�1 LI�lZIT. The total prir.�ipai �r:oLnt securec3 by this Security Instrument at any one ±i:ne shall
<br /> not exceed$ 4 5, 8 6 8.8 8 . lfiis lirmtation of amount does not include interest and other fees
<br /> ..........................................
<br /> and charges validly made pursuant to this Security Instrument. Also,this limitation does not apply to advances made under the
<br /> terms of this Security Instrument to protect Beneficiary's security and to perform any of the covenants contained in this
<br /> Security Instrument.
<br /> 4. SECURED DEBT AND FUTURE ADVANCES. The term "Secured Debt" is defined as follows:
<br /> A. Debt incurred under the terms of all promissory note(s), contract(s), guaranty(s) or other evidence of debt described
<br /> below and all their extensions, renewals, modifications or substitutions. (When referencing the debts below it is
<br /> suggested that you include items such as borrowers'names, note amounts, interest rates, maturity dates, etc.)
<br /> NEBRASKA -DEED OF TRUST (NOT FOR FNMA, FHLMC, FHA OR VA USE) /r-L�C/J _(/�gC I.Of 4)
<br /> � A
<br /> 0 1994 Bankers Systems,Inc.,St.Cloud,MN(1-800-397-2341) Form RE-DT-NE 10/27/97 �, -✓Y" l_.\ %r�•
<br /> —s—�
<br /> ��C165(NE) (9808) VMP MORTGAGE FORMS-(800)521-7291
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