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<br />Stale Venal Space Above'1'his
<br />Line For
<br />Recordmsg Data
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<br />Commercial Federal Bank
<br />450 Regency Pkwy, Atrium E DEFD OF TRUST
<br />Application
<br /># 0121675078
<br />umaha, NE 65114 (With Future Advance Clause)
<br />(402) 627 -2600 CATRINA M DELOSH
<br />Construction Security Agreement
<br />1. DATE AND PARTIES. The date of this Deed of Trust (Security Instrument) is
<br />March 24,
<br />2003
<br />and the parties, their addresses mid tax identification numbers, if required, are as follows:
<br />TRUSTOR: BETTY A CARLSON JAMES
<br />H CARLSON
<br />1032 N CUSTER AVE 1032
<br />N CUSTER
<br />AVE
<br />Grand Island, NE 68803 Grand
<br />Island,
<br />NE 68803
<br />Vesting lnformtiun: BETTY A AND JAMES H CARLSON, WIFE AND HUSBAND
<br />If 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, BE 68154
<br />Commercial Federal Bank
<br />450 Regency Pkwy A -E Cons Ln
<br />Omaha, NE 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) Bud Toaster's performance under this Security Instrument, Tmstor irrevocably grants,
<br />conveys and sells to Trustee, in trust for the benefit of Beneficiary, with power of sale, the following described prnperty:
<br />LOT 3, 4, AND 5, BLOCK 9, WEST PART( ADDITTON IN THE CITY OF GRAND ISLAND, HALL
<br />COUNTY, NEBRASKA.
<br />The pol ly is located in Hall at 1032 N CUSTER AVE 1.
<br />(County)
<br />Grand Island , Nebraska 68803
<br />(Atldress) (City) (ZIP Code)
<br />Together with all rights, easements, appurtenances, royalties, inineral rights, oil and gas rights, all water and riparian rights,
<br />ditches, and water stack 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 $ 5,355-34 .'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), 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 borrorvers' names, note amounts, interest rates, maturity dates, etc.)
<br />Loan Number: 0121675078 Loan Amount: $5,355.34 Maturity Date: 04/30/2008
<br />NEBRASKA - DEED OF TRUST (NOT 397 FNMA, mi RE NE OR VA usE) {d ,q, ( ep
<br />©1884 Bankert Systems, Inc. $t GIGUE, MN 11E03- 39h23<1) FominEGRNE lag ]l9] L-
<br />C1Edl Etsim VMP MORTGAGE FORMS- 1800)291
<br />a 41] Uni Print #100141
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