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<br /> This Instrum nt Prepared By: rn � '� o U� �-
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<br /> 99 110247
<br /> State of Nebraska Space Above This Line For Recording Data CN
<br /> DEED OF TRUST p.pplication # 0109103176 0
<br /> (With Future Advance Clause) V1
<br /> � Construction Security Agreement �
<br /> 1. DATE AND PARTIES. The date of this Deed of Trust(Security Instrument) is October 11, 1999
<br /> and the parties, their addresses and tax identification numbers, if required, are as follows:
<br /> TRUSTOR: RICHARD BERVEN MARILYN BERVEN
<br /> 3112 W 17TH STREET 3112 W 17TH STREET
<br /> Grand Island, NE 68803 Grand Island, NE 68803
<br /> � If checked, refer t� 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 aclrnowledged, and to secure
<br /> the Secured Uebt (defined belowj 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 ELEVEN (11) , BLOCK ONE (1) , WESTERHOFF'S SECOND (2ND) SUBDIVISION TO THE
<br /> CITY OF GRAND ISLAND, HALL COUNTY, NEBRASKA.
<br /> The property is located in Hall at 3112 W 17TH STREET
<br /> (Counry)
<br /> Grand Island , Nebraska 68803
<br /> ......
<br /> j......
<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. MAXIMiJM OBLIGATION LIMIT. The total principal amount secured by this Security Instrument at any one time shall
<br /> not exceed$ 12, 717.00 . This lir,utation of amount does not include interest a�ic1 e�ther 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), 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) �Q�e �
<br /> � 1994 Bankers Systems,lix.,St.Cloud,MN Q-800.397-2341) Form RE-DT-NE 10/27/97 �
<br /> _ � � �
<br /> ��C16$(�'� (9808) VMP MORTGAGE FORMS-(800)521-7291 �
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