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<br /> This Instrument Prepared By:
<br /> Grand Island
<br /> 3301 W State Str,
<br /> Grand Island, NE 68803 9 9 1 0 9 7 9 6
<br /> (308) 384-4310
<br /> JMUELL
<br /> State of Nebraska Space Above This Line For Recording Data
<br /> DEED OF TRUST Application # 0109092874
<br /> (With Future Advance Clause)
<br /> � Construction Security Agreement
<br /> 1. DATF A.ND PARTIES. Ttie date of this Deed of Trust(Security Instrument) is October 1, 1999
<br /> ............................................
<br /> and the parties, their addresses and tax identification numbers, if required, are as follows:
<br /> TRUSTOR: RzCK KRAFT TRACI KRAFT
<br /> 6450 N NORTH RD 6450 N NORTH RD
<br /> Grand Island, NE 68803 Grand Island, NE 68803
<br /> Tax #507961995 Tax # 505023512
<br /> �If checked, refer to the attached Addendum incorporated herein, for addirional 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. CONVEY"ANCE. ror good and valuab:�, considerat�on, the rece:pt and sufficiency of which is aclmowledged, and to secure
<br /> the Secured Debt (dermed 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) , BIRTWELL SWDIVISION, HALL COUNTY, NEBRASKA.
<br /> T'he property is located in Ha 11 at 6 4 5 0 N NORTH RD
<br /> ........................................................... ........................................
<br /> (Counry)
<br /> Grand Island , Nebraska 68803
<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 eacisting 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 i
<br /> not exceed$ 19,117.00 , 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), eontract(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) _�(flRge I Qf 4f
<br /> � 1994 Bankers Systems,Inc.,St.Cloud,MN Q-800-397-2341) Form RE-DT-NE ]0l27/97 � I��
<br /> �t�
<br /> ��C1GS(NE) (9808) VMP MORTGAGE FORMS-(8(10)521-7291
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