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<br />This Instrument Prepared By: O
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<br />Commercial Federal Bank
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<br />3301 W State Str, �4,
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<br />Grand Island, NE 68803 C)7
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<br />(308) 384 -4310
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<br />State of Nebraska Space Above This Line For Recording Data
<br />DEED OF TRUST Application #
<br />0109686923
<br />(With Future Advance Clause)
<br />Construction Security Agreement
<br />1. DATE AND PARTIES. The date of this Deed of Trust (Security Instrument) is August 2, 2000
<br />..............
<br />and the parties, their addresses and tax identification numbers, if required, are as follows:
<br />c3
<br />TRUSTOR: ROBERT G PETERSON SANDRA D PETERSON
<br />1123 WEST DIVISION 1123 WEST DIVISION
<br />Grand Island, NE 68801 Grand Island, NE 68801
<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 />LOT SIXTEEN (16), IN THE COUNTY SUBDIVISION OF LOTS THIRTEEN (13), SIXTEEN
<br />(16), AND PART OF LOTS EIGHT (8), ELEVEN (11), TWELVE (12), AND THIRTEEN (13)
<br />OF COUNTY SUBDIVISION OF HTE SE 1/4 SW 1/4 OF SECTION SIXTEEN (16), TOWNSHIP
<br />ELEVEN (11) NORTH, RANGE NINE (9) WEST OF THE SIXTH (6TH) P.M., IN THE CITY OF
<br />GRAND ISLAND, HALL COUNTY, NEBRASKA.
<br />The property is located in Hall at 1123 WEST DIVISION
<br />......... ...............................
<br />(County)
<br />Grand I s l and Nebraska 68801
<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. MAXIMUM OBLIGATION LIMIT. The total principal amount secured by this Security Instrument at any one time shall
<br />not exceed $ 5,627.50 . This limitation of amount does not include interest and other fees
<br />................. I...........................
<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 pf4
<br />(D 1994 Bankers Systems, Inc., St. Cloud, MN (1- 800 -397 -2341) Form RE -DT -NE 10/27/97
<br />M ®C165(NE) (9808) VMP MORTGAGE FORMS - (800)521 -7291
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