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<br />This InstruNent Prepared By:
<br />Commercial- Pederal Bark
<br />3301 W Seats Set,
<br />Grand Island, NB 68803
<br />(308) 384 -4310
<br />TSEIDB
<br />State of Nebraska Specs Above This Lice For RecordlnS Data --
<br />DEED OF TRUST Application # 0120858402
<br />(With Future Advance Clause)
<br />ELI Construction Security Agreement
<br />DATE AND PARTIES. The date of this Deed of Trust (Security Instrument) is March 13, 2002
<br />and the parties, their addresses and tax identification numbers, if requited, See as follows:
<br />1.
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<br />TRUSTOR: DEBRA L FLODMAN MICHAEL R FLODMAN
<br />3227 PONCA CR 3227 PONCA CR
<br />Grand Island, NE 68803 Grand Island, NE 68803
<br />Vesting Information: 1TWROS
<br />� If checked, refer to the attached Addendimi incorporated herein, for additional Trado rs, their signatures and
<br />a ltnowledgments.
<br />TRUSTEE:
<br />Commercial Federal Bank
<br />13220 California 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 Wtrumenr, Trustor irrevocably grant`,
<br />conveys and sells m Trustee, in trust for the benefit of Beneficiary, with power of sale, the following described property:
<br />INDIANHEAD SUBDIVISION, LOT 22, CITY OF GRAND ISLAND, HALL COUNTY, NEBRASKA.
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<br />The property, is located in ,,.Hall .. .................. at 3227 PONCA. CR
<br />(County) . .......... 8803
<br />.........................
<br />Grand Island Nebraska 6
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<br />.. .... . . .
<br />- (AJdreaa) (City) (ZIP Code)
<br />Together with all rights, easements, apportion s, royalties, mineral rights, oil and gas rights, all water and riparian rights,
<br />ditches, aid 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 in as "Property").
<br />3. MAXIMUM OBLIGATION LIMIT. The total principal amour[ secured by this Security Instrument at any one time shall
<br />not exceN $ „20, 500.00 . This limitation of amount does not include interest and other fees
<br />fr FWAe� XaBdly trade pursuant to this Security Instrument. Also, this limitation does not apply to advances made under the
<br />terms of this Security Immanent to protect Beneficiary's security and to perform any of the covenants contained in Ibis
<br />$,equity Instrument.
<br />4. SECURED DEBT AND FUTURE ADVANCES. The term "Seemed Debt" is defined as follows:
<br />A. Debt incurred under the terms of all promissory Musa), 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 />NEBRASKA - DEED OF TRUST win MR FNMA FRtMC, Flat OR VA USE) �© 1893 Bankers Setarc, re.. St. pouf. MN (1-0W 39h2941) Fo,m AC-OTNE 107M7 M ®C166(NE) macs) VMP MOPTGFGE FORMS-(IXp)WI7291
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<br />TRUSTOR: DEBRA L FLODMAN MICHAEL R FLODMAN
<br />3227 PONCA CR 3227 PONCA CR
<br />Grand Island, NE 68803 Grand Island, NE 68803
<br />Vesting Information: 1TWROS
<br />� If checked, refer to the attached Addendimi incorporated herein, for additional Trado rs, their signatures and
<br />a ltnowledgments.
<br />TRUSTEE:
<br />Commercial Federal Bank
<br />13220 California 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 Wtrumenr, Trustor irrevocably grant`,
<br />conveys and sells m Trustee, in trust for the benefit of Beneficiary, with power of sale, the following described property:
<br />INDIANHEAD SUBDIVISION, LOT 22, CITY OF GRAND ISLAND, HALL COUNTY, NEBRASKA.
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<br />0
<br />The property, is located in ,,.Hall .. .................. at 3227 PONCA. CR
<br />(County) . .......... 8803
<br />.........................
<br />Grand Island Nebraska 6
<br />._,,. ,
<br />.. .... . . .
<br />- (AJdreaa) (City) (ZIP Code)
<br />Together with all rights, easements, apportion s, royalties, mineral rights, oil and gas rights, all water and riparian rights,
<br />ditches, aid 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 in as "Property").
<br />3. MAXIMUM OBLIGATION LIMIT. The total principal amour[ secured by this Security Instrument at any one time shall
<br />not exceN $ „20, 500.00 . This limitation of amount does not include interest and other fees
<br />fr FWAe� XaBdly trade pursuant to this Security Instrument. Also, this limitation does not apply to advances made under the
<br />terms of this Security Immanent to protect Beneficiary's security and to perform any of the covenants contained in Ibis
<br />$,equity Instrument.
<br />4. SECURED DEBT AND FUTURE ADVANCES. The term "Seemed Debt" is defined as follows:
<br />A. Debt incurred under the terms of all promissory Musa), 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 />NEBRASKA - DEED OF TRUST win MR FNMA FRtMC, Flat OR VA USE) �© 1893 Bankers Setarc, re.. St. pouf. MN (1-0W 39h2941) Fo,m AC-OTNE 107M7 M ®C166(NE) macs) VMP MOPTGFGE FORMS-(IXp)WI7291
<br />
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