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D <br />n <br />In <br />o <br />c� cn <br />o <br />J <br />N <br />�` <br />` <br />o <br />rn <br />"� C) <br />O <br />CD <br />Cil <br />-q <br />- <br />—A <br />w <br />O <br />0 <br />M <br />r— CO <br />c::) <br />to <br />CO <br />' <br />This Instrument Prepared By: <br />Commercial Federal Bank <br />C11 <br />Cn <br />v <br />Cn <br />Cr) <br />r� <br />3301 W State Str, <br />•!� <br />Grand Island, NE 68803 <br />(308) 384 -4310 <br />m <br />CSHUDA <br />State of Nebraska Space Above This Line For Recording Data <br />DEED OF TRUST <br />Application # <br />0120021647 <br />(With Future Advance Clause) <br />�J <br />0 Construction Security Agreement <br />f <br />1. DATE AND PARTIES. The date of this Deed of Trust (Security Instrument) is <br />January <br />17, 2001 <br />............................. <br />and the parties, their addresses and tax identification numbers, if required, are as follows: <br />TRUSTOR: SCOT FLETCHER <br />3131 WESTSIDE ST <br />Grand Island, NE 68803 <br />Vesting Information: <br />❑ If checked, refer to the attached Addendum incorporated herein, for additional Trustors, their signatures and <br />acknowledgments. <br />TRUSTEE: <br />BENEFICIARY: <br />Commercial Federal Bank <br />2120 S 72 Str <br />Omaha, NE 68124 <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 />WEST FORTY (40) FEET OF LOT FIVE (5) AND EAST TWENTY -ONE (21) FEET OF LOT FOUR <br />(4), BLOCK ONE (1), WESTERHOFF'S FIRST SUBDIVISION TO THE CITY OF GRAND ISLAND, <br />HALL COUNTY, NEBRASKA. <br />The property is located in Hall at 3131 WESTSIDE ST <br />(County) <br />Grand Island Nebraska 68803 <br />........ ............................... ............ .......I....................... ............... <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. MAXIMUM OBLIGATION LIMIT. The total principal amount secured by this Security Instrument at any one time shall <br />not exceed $ 5,599.83 This limitation of amount does not include interest and other fees <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) (page I of 4) <br />(D 1994 Bankers Systems, Inc., St. Cloud, MN (1 -800- 397 -2341) Form RE -DT -NE 10/27/97 <br />C165(NE) (9808) VMP MORTGAGE FORMS - (800)521 -7291 <br />•(& UniPrint #100141 <br />