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This Instrument Prepared By:
<br /> Grand Island
<br /> 3301 W State Str,
<br /> Grand Island, NE 68803
<br /> (308) 384-4310
<br /> CSHUDA 99 109864
<br /> State of Nebraska Space Above This Line For Recording Data
<br /> DEED OF TRUST Application # 0109097790
<br /> (With Future Advance Clause)
<br /> � Construction Security Agreement
<br /> 1. DATE AND PARTIES. The date of this Deed of Trust(Security Instrument) is october 5, 1999
<br /> and the parties, their addresses and tax identification numbers, if required, are as follows:
<br /> TRUSTOR: ALVARO E PAIZ BLANCA D PAIZ
<br /> 314 EAST ASHTON AVENUE 314 EAST ASHTON AVENUE
<br /> Grand Island, NE 68801 Grand Island, NE 68801
<br /> Tax #623586571 Tax # 605182175
<br /> D If checked, refer to the attached Addendum incorparated 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 THREE (3) , BLOCK ONE (1) , LAKEVIEW ADDITION TO THE CITY OF GRAND ISLAND,
<br /> HALL COiJTITY, NEBRASKA.
<br /> The property is located in Hall at 314 EAST ASHTON AVENUE
<br /> (County)
<br /> , Grand I s 1 and , Nebraska 6 8 8 01
<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 or'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$ 5, 8 8 7.3 5 . This limitation of amount does not include interest and other fees
<br /> .......
<br /> and charges validly made pursuant to this Securiry Instrument. Also, this limitation does not apply to advances made under the
<br /> terms of this Security Instrument to protect Beneficiary's securit;� an� tc pe:far:� u.-�y� of uie cvvenants contained in this
<br /> Securiry 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) JJJ��� (pagg j pf¢�
<br /> 0 1994 Bankers Systems,I�.,St.Cloud,MN(I-800397-2341) Form RE-DT-NE l0/27/97 � .1� �.
<br /> ��C16S(�') (9808) VMP MORTGAGE FORMS-(800)521-7291
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