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<br />State of Nebraska Space Above This Line For Recording Data
<br />Commercial Federal Bank
<br />450 Regency Pkwy, Atrium E DEED OF TRUST
<br />Application #
<br />0121810725
<br />Omaha, NE 68114 (With Future Advance Clause)
<br />(402) 827 -2600 TRAVIS EIDE
<br />Construction Security Agreement
<br />1. DATE AND PARTIES. The date of this Deed of Trust (Security Instrument) is
<br />Ma y
<br />27 ,
<br />2 00 3
<br />S
<br />...
<br />and the parties, their addresses and tax identification numbers, if required, are as follows:
<br />d
<br />TRUSTOR: MITCHELL J KENDALL
<br />605 S STUHR RD
<br />Grand Island, NE 68801
<br />Vesting Information: MITCHELL J. KENDALL
<br />If checked, refer to the attached Addendum incorporated herein, for additional Trustors, their signatures and
<br />acknowledgments.
<br />TRUSTEE:
<br />BENEFICIARY:
<br />Commercial Federal Bank
<br />13220 California St
<br />Omaha, NE 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) 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 />Legal Description on Addendum
<br />The property is located in Hall at 6. 0.5 S STUHR RD
<br />(County)
<br />Grand I s l and , Nebraska 68801
<br />................................................ I.. ............ ............................... ......................
<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. MAXIMUM OBLIGATION LIMIT. The total principal amount secured by this Security Instrument at any one time shall
<br />not exceed $ 26,847.69 . 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 borrowers' names, note amounts, interest rates, maturity dates, etc.)
<br />Loan Number: 0121810725 Loan Amount: $26,847.69 Maturity Date: 06/15/2008
<br />NEBRASKA - DEED OF TRUST (NOT FOR FNMA, FHLMC, FHA OR VA USE) (page 1 of 4)
<br />1994 Bar*ars Systems, Inc., St. Cloud, MN (1 -800- 397 -2341) Form RE -DT -NE 10/27/97
<br />- C165(NE) (9808) VMP MORTGAGE FORMS - (800)521 -7291
<br />® UniPrint #100141
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