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State of Nebraska Space Above This Line For Recording Data
<br />REAL ESTATE DEED OF TRU Application # 0120824644
<br />ST
<br />(With Future Advance Clause) clo
<br />0 Construction Security Agreement
<br />1. DATE AND PARTIES. The date of this Deed of Trust (Security Instrument) is January 29, 2002 -�
<br />and the parties, their addresses and tax identification numbers, if required, are as follows: d
<br />RICHARD J WATSON DEBRA A WATSON
<br />TRUSTOR: 3308 HOMESTEAD DRIVE 3308 HOMESTEAD DRIVE
<br />Grand Island, NE 68803 Grand Island, NE 68803
<br />Vesting Information:
<br />0 if checked, refer to the attached Addendum incorporated herein, for additional Trustors, their signatures and
<br />acknowledgments.
<br />TRUSTEE: Commercial Federal Bank
<br />13220 California St
<br />Omaha, NE 68154
<br />BENEFICIARY: 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
<br />secure the Secured Debt (defined below) and Truster's performance under this Security Instrument, Truster irrevocably
<br />grants, conveys and sells to Trustee, in trust for the benefit of Beneficiary, with power of sale, the following described
<br />property:
<br />LOT 3, HOMESTEAD SECOND SUBDIVISION, HALL COUNTY, NEBRASKA.
<br />The property is located in Hall at 3308 HOMESTEAD DRIVE
<br />(County)
<br />Grand Island , Nebraska 68803
<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 $ 20, 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
<br />the 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. (You must specifically identify the debt(s)
<br />secured and you should include the final maturity date of such debt(s).)
<br />NEBRASKA - HOME EQUITY LINE OF CREDIT DEED OF TRUST (NOT FOR FNMA, FHLMC, FHA OR VA USE) (pa8 4
<br />0 1994 Bankers Systems, Inc., St Cloud, MN Fonn OCP- REDT -NE 1/13/99
<br />(M- 10465(NE) (9902) VMP MORTGAGE FORMS- (800)521 -]291
<br />Uni Print 4100261
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<br />This Instrument Prepared By:
<br />Commercial Federal Bank
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<br />3301 W State Str,
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<br />Grand Island, NE 68803
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<br />(308) 364 -4310
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<br />State of Nebraska Space Above This Line For Recording Data
<br />REAL ESTATE DEED OF TRU Application # 0120824644
<br />ST
<br />(With Future Advance Clause) clo
<br />0 Construction Security Agreement
<br />1. DATE AND PARTIES. The date of this Deed of Trust (Security Instrument) is January 29, 2002 -�
<br />and the parties, their addresses and tax identification numbers, if required, are as follows: d
<br />RICHARD J WATSON DEBRA A WATSON
<br />TRUSTOR: 3308 HOMESTEAD DRIVE 3308 HOMESTEAD DRIVE
<br />Grand Island, NE 68803 Grand Island, NE 68803
<br />Vesting Information:
<br />0 if checked, refer to the attached Addendum incorporated herein, for additional Trustors, their signatures and
<br />acknowledgments.
<br />TRUSTEE: Commercial Federal Bank
<br />13220 California St
<br />Omaha, NE 68154
<br />BENEFICIARY: 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
<br />secure the Secured Debt (defined below) and Truster's performance under this Security Instrument, Truster irrevocably
<br />grants, conveys and sells to Trustee, in trust for the benefit of Beneficiary, with power of sale, the following described
<br />property:
<br />LOT 3, HOMESTEAD SECOND SUBDIVISION, HALL COUNTY, NEBRASKA.
<br />The property is located in Hall at 3308 HOMESTEAD DRIVE
<br />(County)
<br />Grand Island , Nebraska 68803
<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 $ 20, 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
<br />the 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. (You must specifically identify the debt(s)
<br />secured and you should include the final maturity date of such debt(s).)
<br />NEBRASKA - HOME EQUITY LINE OF CREDIT DEED OF TRUST (NOT FOR FNMA, FHLMC, FHA OR VA USE) (pa8 4
<br />0 1994 Bankers Systems, Inc., St Cloud, MN Fonn OCP- REDT -NE 1/13/99
<br />(M- 10465(NE) (9902) VMP MORTGAGE FORMS- (800)521 -]291
<br />Uni Print 4100261
<br />
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