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<br />commerctdY- Federal�a4l�c rast Nebka Space Above This Line For Recording Data
<br />0122333206
<br />450 Regency Pkwy, Atrium E REAL ESTATE DEED OF TRUST Application $$
<br />Omaha, NE 68114
<br />(402) 827 -2550 (With Future Advance Clause)
<br />CATRINA M DELOSH [71 Construction Security Agreement
<br />1. DATE AND PARTIES. The date of this Deed of Trust (Security Instrument) is Ma . rch . 1, 20 . 04
<br />........ ..............................
<br />and the parties, their addresses and tax identification numbers, if required, are as follows:
<br />JAMES L SCHALL JUDY L SCHALL
<br />TRUSTOR: 1824 W DIVISION ST 1824 W DIVISION ST
<br />Grand Island, NE 68803 Grand Island, NE 68803
<br />Vesting Information: JAMES L. SCHALL AND JUDY L. SCHALL, HUSBAND AND WIFE
<br />ED If checked, refer to the attached Addendum incorporated herein, for additional Trustors, their signatures and
<br />acknowledgments.
<br />TRUSTEE: Commercial Federal Bank
<br />13220 California St
<br />Omaha, NE 68154
<br />BENEFICIARY: Commercial Federal Bank
<br />450 Regency Pkwy A -E Cons Ln
<br />Omaha, NE 68114
<br />2. CONVEYANCE. For good and valuable consideration, the receipt and sufficiency of which is acknowledged, and to
<br />secure the Secured Debt (defined below) and Trustor's performance under this Security Instrument, Trustor irrevocably
<br />grants, conveys and sells to Trustee, in trust for the benefit of Beneficiary, with power of sale, the following described
<br />property:
<br />LOT SIX (6), BLOCK FIVE (5), CHARLES WASMER'S ADDITION TO THE CITY OF GRAND ISLAND,
<br />HALL COUNTY, NEBRASKA, ACCORDING TO THE RECORDED PLAT THEREOF.
<br />The property is located in Hall at 1824 W DIVISION ST
<br />........................... I.............................. ......... ...............................
<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 $ 35,000.00 . 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
<br />the 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. (You must specifically identify the debt(s)
<br />secured and you should include the final maturity date of such debt(s).)
<br />Loan Number: 0122333206 Loan Amount: $35,000.00 Maturity Date: 03/01/2014
<br />NEBRASKA - HOME EQUITY LINE OF CREDIT DEED OF TRUST (NOT FOR FNMA, FHLMC, FHA OR VA USE) (page `1 f
<br />1994 Bankers Systems, Inc., St. Cloud, MN Form OCP- REDT -NE 1113/99
<br />4= C465(NE) (9902) VMP MORTGAGE FORMS - (800)521.7291
<br />
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