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<br />commercial Fctlu[al Aank
<br />13oi W state Sir.
<br />C,anfl Trl,.d, NE 68803
<br />(308) 384 -41]0
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<br />DEED OF TRUST Application 4 0121031066
<br />(With Future Advance Clause)
<br />0 Construction Security Agreement
<br />DATE AND PARTIES. The date of this Deed of Trust (Security Instrument) is May 18, 2002
<br />and the parties, their addresses and tax identification numbers, if required, are as follows:
<br />IRUSTOR LAVERN R KOWALSKI NORMA J KOWALSKI
<br />2320 N PARK AVE 2320 N PARK AVF.
<br />Grand TR1and, NE 68801 Grand island, NE 68801
<br />Veotinq information. JTWRO
<br />G It checked, refer to the attached Addendum incorporated herein, for additional Trustors, their signatures and
<br />acknowhahoncnts.
<br />TRUSTEE:
<br />Commercial Federal Bank
<br />13220 California St
<br />Omaha, NC 68154
<br />BENEFICIARY:
<br />Commercial Federal Bank
<br />PO Be. 1103
<br />Omaha, NE 68101
<br />2. CONVEYANCE. For good and valuable consideration, die receipt and sufficiency or which is acknowledged, and to secure
<br />the Secured Debt (defined below) and Trustor's performance under this Security Instrument, Truster irrevocably grants,
<br />conveys and sells to Trustee, in trust for the benefit of Benchchuy, with power of sale, the following described property.
<br />LOTS FIVE (5) AND SEVEN ('7), BLOCK ELEVEN (11), COLLEGE ADDITION TO WEST LAWN,
<br />CITY OF GRAND ISLAND, HALL COUNTY, NEBRASKA.
<br />The property is located in Hall 2320 N PARK AVE,,,,,,,
<br />K'Grand Island , Nebraska 68801
<br />- -. (Address) .(City) (ZIP Cod,)
<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 " roperty').
<br />3. MAXIMUM OBLIGATION LIMIT. The total principal amount secured by this Security Instrument at any one time shall
<br />not exceed $ 4S, 991.83 . 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 />terns of this Security Instrument to protect Beneficiary's security and to perform any of die 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 nole(s), contract(s), guamny(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 m borrowers' names, note moment, interest runes, monody dates, etc.)
<br />NEBRASKA - DEED OF TRUST (NOT FOR FNMA, Fermc, PHA OR VA USE)
<br />C) 1444 Ra—m ss =rums Inc, s). cloud, MN (I.000-397 2341) Fmm RE FT 1&2757
<br />- C165INE) iIna) VMS MORTUAaE FORMS -(eoats2i-msi
<br />I (page 1 of 4)
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<br />UniPrint #100141
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