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<br />Commercial Federal Dank r N v
<br />3301 W State 5[r, ` (J1 U`
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<br />G'Ya island, NF. 68803 I N
<br />(3081 384 4310
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<br />CSIIOOA
<br />State of Nebraska __.. Space Above This Line For Reconciling Data
<br />DEFT) OF TRUST Application # 0121070148
<br />(With Future Advance Clause)
<br />0 Construction Security Agreement
<br />1. DATE AND PARTIES. The date of this Decd of Trust (Security Instrument) is May 21, 2002
<br />_lows_ _. _. __..........
<br />c'
<br />and the parties, their addresses and tax identification numbers, if required, are as follows:
<br />V\
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<br />TRUSTOR: RANDY KRAFT SANDRA KRAFT
<br />4176 NORSEMAN AVR 4176 NORSEMAN AVE
<br />Grand Island, NE 68803 Grand Island, NE 68803
<br />VusLi „u rnformacion:
<br />El If checked, refer to the attached Addendum incorporated herein, for additional Trustors, their signatures
<br />and
<br />acknowledgments.
<br />TRUS'I'EL:
<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 Truster's perfornwnce under this Security Instrument, Truster irrevocably grants,
<br />conveys and sells m Trustee, in trust for the benefit of Beneficiary, with power of sale, the following described property:
<br />LOT TWENTY -NINE (29), JEFFREY OAKS SNBD1ViSION, CITY OF GRAND ISLAND, HALT,
<br />COUNTY, NEERASKA.
<br />The property is located in Ball at 4176 NORSEMAN AVE
<br />loll... loll... .............
<br />(CUUnry)
<br />Grand Island , Nebraska 68803
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<br />tAdnre4k) tcty (zip coa<)
<br />Together with all rights, casements, appurtenances, royalties, mineral rights, oil and gas rights, all water and riparian rights,
<br />ditches, and water stock and all existing and future hnpmvemeits, 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 ORLIGATION LIMIT. The total principal amount secured by this Security Instrument at any one time shall
<br />not exceed S 30, 278.90 , 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 />learns 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 DRRT 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 Dxien9ionP, renewals, modifications or substitutions. (When referencing the debts below it is
<br />suggested that you include items such as borrowers' noes, note amounts, hae, est rates, nmturity motes, etc.)
<br />NEBRASKA - DEED OF TRUST )NOT FOR FNMA. Fw.MCt FHA OR vA use) ,� i/ (page
<br />(tl )994 Bankers systemS, taco, S. CRU6 MN Q- 0000972341) Forth RE NE lmz]N] 1141
<br />- C165(NE) )9909) VMP MORTeAiF FORMS- (MO)5>1 -7991
<br />m I1 —I""Y 41110T41
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