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<br /> This Instrument Prepared "�� � � � �+ ty
<br /> Commercial Federal Bank Y• � � � = rn N
<br /> 3301 W State Str, � ° � T" W O �
<br /> Grand Island, NE 68803 I'n � v � r N � �
<br /> (308) 384-4 3 1 0 ,� v l ' � u�
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<br /> 99 110674 4
<br /> � State of Nebraska
<br /> Space Above This Line For RecordinQ Data
<br /> DEED OF TRUST Application # 01o914�sao
<br /> (With Future Advance Clause) �
<br /> 0 Construction Security Agreement o
<br /> 1. DATE AND PARTIES. The date of this Deed of Trust(Security Instrument) is october 30, 1999 �
<br /> ..................................... �a
<br /> and the parties,their addresses and tax identification numbers, if required,are as follows: b:
<br /> TRUSTOR: GARY PETERSON CHARLENE PETERSON
<br /> 520 E MEVES 520 E MEVES
<br /> Grand Island, NE 68801 Grand Island, NE 68801
<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 urevocably grants,
<br /> conveys and sells to Trustee, in trust for the benefit of Beneficiary, with power of sale, the following described property:
<br /> HUSSMANS SUB LOT 12 (TWELVE) , GR.AND ISLAND, HALL COUNTY NEBRASKA.
<br /> The property is located in Hall at 520 E MEVES
<br /> ........................................
<br /> (Counry)
<br /> Grand I s 1 and , Nebraska 6 8 8 O 1
<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 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$ 18,2 5 7.41 . 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 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 subsriturions. (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) �(pagg f'
<br /> Qc 1994 Bankers Systems,Inc.,St.Cloud,MN(1-8W-397-2341) Form RE-DT-NE 10/27/97
<br /> ��Cl(>S(NE) (9808) VMP MORTGAGE FORMS-(900)521-7291
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