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, Toaster irrevocably grants,
<br />conveys and sells to Trustee, in trust for the benefit of Beneficiary, with power of sale, the following described property:
<br />LOT 13, IN BLOCK "E ", IN PARKVIEW BITRDIVISION, IN THE CITY OF CRAM ISLAND,
<br />HALL COUNTY, NEBRASKA, EXCEPT THE EAST 16.R FEET THEREOF.
<br />The property is located in Hall at 2515 PIONEER BLVD
<br />(County)
<br />Grand Island ,Nebraska 68801
<br />(Address) (City) (ZIP Cede)
<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 rcTlacements 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. MAXIMCIM OBLIGATION LIMIT. The total principal amount secured by this Security Instrument at any one time shall
<br />not exceed $ 34, 202.16 . This limitation Of amount does net include interest and other fees
<br />and charges validly made pursuant to this Security Instrument. Also, this limitation does tut apply to advances made under the
<br />terms of Ibis 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 tinder the terms of all promissory note(s), contraeds), 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' ru ones, note amounts, interest rates, maturity dates, etc.)
<br />NEBRASKA - DEED OF TRUST Ivor on Or-A rnwc, FnA on vA osE) area j/3f 4
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<br />DEED OF TRUST
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<br />Construction Security Agreement
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<br />1. DA'R'E AND PARTIES. The date of this Deed of Trust (Security Instrument) is
<br />February 21,
<br />2002
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<br />and die parties, their addresses and tax identification numbers, if required, are as follows:
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<br />TRUS'I'OR: DANIEL ARP
<br />CHARMAINE ARP
<br />2515 PIONEER BLVD
<br />2515
<br />PIONEER BLVD
<br />Grand Island, NE
<br />68801 Grand Island, NE
<br />68801
<br />veoring lneormation:
<br />If checked, refer to the attached Addendum incorporated herein, for
<br />additional Trustors, their
<br />signatures and
<br />acknowledgments.
<br />TRUSTEE:
<br />Commercial Federal Bank
<br />13220 California
<br />St
<br />Omaha, NE 68154
<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, Toaster irrevocably grants,
<br />conveys and sells to Trustee, in trust for the benefit of Beneficiary, with power of sale, the following described property:
<br />LOT 13, IN BLOCK "E ", IN PARKVIEW BITRDIVISION, IN THE CITY OF CRAM ISLAND,
<br />HALL COUNTY, NEBRASKA, EXCEPT THE EAST 16.R FEET THEREOF.
<br />The property is located in Hall at 2515 PIONEER BLVD
<br />(County)
<br />Grand Island ,Nebraska 68801
<br />(Address) (City) (ZIP Cede)
<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 rcTlacements 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. MAXIMCIM OBLIGATION LIMIT. The total principal amount secured by this Security Instrument at any one time shall
<br />not exceed $ 34, 202.16 . This limitation Of amount does net include interest and other fees
<br />and charges validly made pursuant to this Security Instrument. Also, this limitation does tut apply to advances made under the
<br />terms of Ibis 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 tinder the terms of all promissory note(s), contraeds), 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' ru ones, note amounts, interest rates, maturity dates, etc.)
<br />NEBRASKA - DEED OF TRUST Ivor on Or-A rnwc, FnA on vA osE) area j/3f 4
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<br />end.eokereAo— ,,,iz.src,.a Me Oaao.,:Me row RE -or-ar 1.1W ` J-
<br />- Dli(NE) (9900) VMP MORTGAGE FORMS- (000)i21'1291 UIIi Print #100141
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