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<br /> T�iis Instrument Prepared By �`� �. �
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<br /> 3301 W State Str, ' - °��; �� � �"' �'' � N
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<br /> Grand Island, NE 68803 �' 4.° �D 7c � N
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<br /> State of Nebraska Space Above This Line For Recording Data
<br /> DEED OF TRUST Application # 0109077883 �
<br /> Q'
<br /> (With Future Advance Clause)
<br /> � Construction Security Agreement �S
<br /> 1. DATE AND PARTIES. The date of this Deed of Trust(Security Instrument) is September 25, 1999
<br /> �
<br /> and the parties, their addresses and tax identification numbers, if required, are as follows:
<br /> TRUSTOR: THOMAS STEARLEY DEBRA STEARLEY
<br /> 2428 N TAYLOR 2428 N TAYLOR
<br /> Grand Island, NE 68803 Grand Island, NE 68803
<br /> Tax #507700019 Tax # 507661843
<br /> ❑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 (1) , PEPPER SQUARE SUBDIVISION TO THE CITY OF GRAND ISLAND, HALL
<br /> COUNTY, NEBRASKA.
<br /> The property is located in Hall at 2425 N TAYLOR
<br /> (Counry)
<br /> Grand I s 1 and , Nebraska 6 8 8 0 3
<br /> � ...........................................
<br /> (Address) (Ciry) (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 unprovements, 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$ 2 0, 117.0 0 . 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 /> Secu.rity 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, maturiry dates, etc.)
<br />�
<br />�
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<br /> NEBRASKA -DEED OF TRUST (NOT FOR FNMA, FHLMC, FHA OR VA USE) (page 1�
<br /> Q 1994 Bankers Sysrems,Inc.,St.Cloud,MN(1-800-397-2341) Form RE-DT-NE ]0/27/97 �
<br /> �-C165(NE) (9808) VMP MORTGAGE FORMS-B00)521-7291
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