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Vesting Information: <br />E] If checked, refer to the attached Addendum incorporated herein, for additional Trustors, their signatures and <br />acknowledgments. <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 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 />LOT NINETEEN (19), BLOCK NINE (9), IN PARKHILL THIRD SUBDIVISION, IN THE CITY <br />OF GRAND ISLAND, HALL COUNTY, NEBRASKA. <br />The property is located in Hall ............................... at 7 2 0 S ARTHUR <br />............................ <br />(County) <br />Grand Island , Nebraska 68803 <br />..................... <br />...................... <br />(Address) (City) <br />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 $ 27,527.56 This limitation of amount does not include interest and other fees <br />........................... <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 />NEBRASKA - DEED OF TRUST (NOT FOR FNMA, FHLMC, FHA OR VA USE) (page 1 of4 <br />0 1994 Bankers Systems, Inc., St. Cloud, MN (1- 800 - 397 -2341) Form RE -DT -NE 1027/97 <br />- C165(NE) (9808) VMP MORTGAGE FORMS - (800)521 -7291 <br />® UniPrint #100141 <br />= <br />(] <br />r\,,) <br />3 <br />Cl) Clio <br />a --q <br />cs <br />�1 <br />-c <br />) <br />c. <br />o <br />O <br />M <br />o <br />r' <br />r n <br />S <br />This Instrument Prepared By: <br />cn <br />Cf7 <br />Gn <br />O <br />Commercial Federal Bank <br />- <br />W <br />3301 W State Str, <br />p <br />Cn + <br />GJ <br />Grand Island, NE 68803 <br />ca <br />(308) 384 -4310 <br />Q <br />CSHUDA <br />• <br />State of Nebraska <br />Space Above This Line For <br />Recording Data <br />DEED OF TRUST Application # <br />0121025233 <br />(With Future Advance Clause) <br />EJ <br />Construction Security Agreement <br />`J <br />1. DATE AND PARTIES. <br />The date of this Deed of Trust (Security Instrument) is May 1, 2 0 0 2 <br />.......... <br />p <br />and the parties, their addresses and tax identification numbers, if required, are as follows: <br />0 <br />TRUSTOR: LARRY <br />J DESAIRE <br />BETTY A DESAIRE <br />720 S <br />ARTHUR <br />720 S ARTHUR <br />Grand <br />Island, NE <br />68803 Grand Island, <br />NE 68803 <br />Vesting Information: <br />E] If checked, refer to the attached Addendum incorporated herein, for additional Trustors, their signatures and <br />acknowledgments. <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 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 />LOT NINETEEN (19), BLOCK NINE (9), IN PARKHILL THIRD SUBDIVISION, IN THE CITY <br />OF GRAND ISLAND, HALL COUNTY, NEBRASKA. <br />The property is located in Hall ............................... at 7 2 0 S ARTHUR <br />............................ <br />(County) <br />Grand Island , Nebraska 68803 <br />..................... <br />...................... <br />(Address) (City) <br />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 $ 27,527.56 This limitation of amount does not include interest and other fees <br />........................... <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 />NEBRASKA - DEED OF TRUST (NOT FOR FNMA, FHLMC, FHA OR VA USE) (page 1 of4 <br />0 1994 Bankers Systems, Inc., St. Cloud, MN (1- 800 - 397 -2341) Form RE -DT -NE 1027/97 <br />- C165(NE) (9808) VMP MORTGAGE FORMS - (800)521 -7291 <br />® UniPrint #100141 <br />