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1 <br />State of Nebraska <br />Space Above This Line For Recording Data ?0 <br />DEED OF TRUST Application # 0110001666 <br />(With Future Advance Clause) <br />0 Construction Security Agreement <br />DATE AND PARTIES. The date of this Deed of Trust (Security Instrument) is December 1, 2000 <br />and the parties, their addresses and tax identification numbers, if required, are as follows: <br />TRUSTOR: RICHARD WATSON DEBRA WATSON <br />3308 HOMESTEAD DRIVE 3308 HOMESTEAD DRIVE <br />Grand Island, NE 68803 Grand Island, NE 68803 <br />Vesting Information: <br />01f 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 THREE (3), HOMESTEAD SECOND SUBDIVISION, GRAND ISLAND, HALL COUNTY, <br />NEBRASKA. <br />The property is located in Hall at 3308 HOMESTEAD DRIVE <br />....................... ....... ... ....... ,.I ...... I.......... <br />(County) <br />Grand Island Nebraska 68803 <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 $ 19,000.00 This limitation 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) (119 j 4� <br />0 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 <br />so <br />2 <br />A <br />N <br />N <br />= <br />m <br />m <br />O CAD <br />}. <br />c� <br />C-D <br />O <br />cy <br />t-" <br />O <br />O C]. <br />,Uj 1 <br />i <br />-r1 <br />O <br />Z rn <br />rA <br />o <br />r ;)D <br />0 <br />CD <br />r D <br />r-1- <br />This Instrument Prepared By: <br />r1 <br />(Y) <br />00 <br />U) <br />c <br />Commercial Federal Bank <br />3301 W State Str,�C <br />Grand Island, NE 68803 <br />�J •� <br />(308) 384 -4310 <br />(J1 <br />CSHUDA <br />1 <br />State of Nebraska <br />Space Above This Line For Recording Data ?0 <br />DEED OF TRUST Application # 0110001666 <br />(With Future Advance Clause) <br />0 Construction Security Agreement <br />DATE AND PARTIES. The date of this Deed of Trust (Security Instrument) is December 1, 2000 <br />and the parties, their addresses and tax identification numbers, if required, are as follows: <br />TRUSTOR: RICHARD WATSON DEBRA WATSON <br />3308 HOMESTEAD DRIVE 3308 HOMESTEAD DRIVE <br />Grand Island, NE 68803 Grand Island, NE 68803 <br />Vesting Information: <br />01f 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 THREE (3), HOMESTEAD SECOND SUBDIVISION, GRAND ISLAND, HALL COUNTY, <br />NEBRASKA. <br />The property is located in Hall at 3308 HOMESTEAD DRIVE <br />....................... ....... ... ....... ,.I ...... I.......... <br />(County) <br />Grand Island Nebraska 68803 <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 $ 19,000.00 This limitation 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) (119 j 4� <br />0 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 <br />so <br />