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This Instrument Prepared By <br />Commercial Federal Bank <br />3301 W State Str, <br />Grand Island, NE 68803 <br />(308) 384 -4310 <br />JMUELL <br />State of Nebraska <br />DEED OF TRUST Application # 0120409255 <br />(With Future Advance Clause) <br />0 Construction Security Agreement O <br />1. DATE AND PARTIES. The date of this Deed of Trust (Security Instrument) is June 2 6 , 20 01 No <br />and the parties, their addresses and tax identification numbers, if required, are as follows: <br />TRUSTOR: THEODORE R SHAFER KARLA SHAFER <br />406 E DELAWARE AVE 406 E DELAWARE AVE <br />Grand Island, NE 68801 Grand Island, NE 68801 <br />Vesting Information: <br />0 If checked, refer to the attached Addendum incorporated herein, for additional Trustors, their signatures and <br />acknowledgments. <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 />LOT ONE HUNDRED EIGHTEEN (118), LOT ONE HUNDRED NINTEEN (119), LOT ONE HUNDRED <br />TWENTY, AND LOT ONE HUNDRED TWENTY -ONE, HAWTHORNE PLACE, CITY OF GRAND ISLAND, <br />HALL COUNTY NEBRASKA. <br />i <br />The property is located in Hall at 4.0.6 E DELAWARE AVE <br />(County) <br />Grand Island , Nebraska 68801 <br />.......... I .............................. ............ ......................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 $ 20,000.00 . 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) <br />( 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 />m <br />(page 1 0 <br />UniPrint #100141 <br />M <br />= <br />n <br />n <br />z <br />CA <br />n <br />=�' <br />►—� <br />C7 � <br />o <br />n7 <br />rim <br />c <br />a,> <br />00 l F—a <br />O <br />-n <br />O <br />am <br />O <br />� <br />rn <br />CD <br />r <br />CT) <br />CO <br />CT <br />CD <br />-�3 <br />C 1 <br />p <br />..i v <br />CD <br />ca <br />• <br />Space Above This Line For Recording Data <br />DEED OF TRUST Application # 0120409255 <br />(With Future Advance Clause) <br />0 Construction Security Agreement O <br />1. DATE AND PARTIES. The date of this Deed of Trust (Security Instrument) is June 2 6 , 20 01 No <br />and the parties, their addresses and tax identification numbers, if required, are as follows: <br />TRUSTOR: THEODORE R SHAFER KARLA SHAFER <br />406 E DELAWARE AVE 406 E DELAWARE AVE <br />Grand Island, NE 68801 Grand Island, NE 68801 <br />Vesting Information: <br />0 If checked, refer to the attached Addendum incorporated herein, for additional Trustors, their signatures and <br />acknowledgments. <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 />LOT ONE HUNDRED EIGHTEEN (118), LOT ONE HUNDRED NINTEEN (119), LOT ONE HUNDRED <br />TWENTY, AND LOT ONE HUNDRED TWENTY -ONE, HAWTHORNE PLACE, CITY OF GRAND ISLAND, <br />HALL COUNTY NEBRASKA. <br />i <br />The property is located in Hall at 4.0.6 E DELAWARE AVE <br />(County) <br />Grand Island , Nebraska 68801 <br />.......... I .............................. ............ ......................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 $ 20,000.00 . 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) <br />( 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 />m <br />(page 1 0 <br />UniPrint #100141 <br />