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<br />(Nebraska Space Above This Line For Recording Data
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<br />commercial FederaSlat.
<br />Rank
<br />450 Regency Pkwy, Atrium E DEED OF TRUST Application
<br /># 0121575625
<br />Omaha, NE 68114 (With Future Advance Clause)
<br />(402) 827 -2600 CATRINA M 0£LOSH
<br />Construction Security Agreement
<br />1. DATE AND PARTIES. The date of this Deed of Trust (Security Instrument) is January 31,
<br />............ ... ...............................
<br />2003
<br />and the parties, [heir addresses and tax identification numbers, if required, are as follows:
<br />TRUSTOR: JOSEPH A STECHER SANDRA M STECHER
<br />3207 W 18TH ST 3207 W 18TH ST
<br />Grand Island, WE 68803 Grand Island, HE
<br />68803
<br />Vesting Information: JOSEPH A STECHER AND SANDRA M STECHER, HUSBAND AND WIFE
<br />Off checked, refer to the attached Addendum incorporated herein, for additional Tmstors, their signatures and
<br />acknowledgments.
<br />TRUSTEE:
<br />BENEFICIARY:
<br />Commercial Federal Bank
<br />13220 California St
<br />Omaha, HE 68154
<br />Commercial Federal Hank
<br />450 Regency Pkwy A -E Cons Ln
<br />Omaha, HE 68114
<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 Trustoi s performance under this Security hHwHment, Trosmr irrevocably grants,
<br />conveys and sells to Trustee, in trust for the benefit of Beneficiary, with power of sale, the following described property:
<br />THE WEST 24 FEET OF LOT 4 AND THE EAST 37 FEET OF LOT 3, BLOCK 3, WESTERHOFFrS
<br />FIRST SUBDIVISION IN THE CITY OF GRAND ISLAND, HALL COUNTY, NEBRASKA.
<br />The property is located in Hall at 3207 W 18TH ST
<br />(County)
<br />Grand Island , Nebraska 68803
<br />(Addrea9) (Cary) (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 $ 10, 000.00 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 Remit), connachs), gumantynd 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 />Loan Number: 0121575625 Loan Amount: $10,000.00 Maturity Date: 02/17/2008
<br />NEBRASKA - DEED OF TRUST (NOT FOR FNMA, MEMO FHA OR VA USE) / - (pale 1 oi4)
<br />N WiN4 Sol S,lvme,to[., it Cloud, MN(1mWS7 -AvR) Form RE.UTWE KoEaT - +.—C+-
<br />(0-0l$6(NE) (9909) VMP MORTGAGE FORMS-(800)521 -7291
<br />® nni Print #100141
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