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<br />Stale of Nebraska Snmt Above Tha Line For Reenrding Data
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<br />DEED OF 'TRUST Application
<br />4 0121097232
<br />(With Future Advance Clause)
<br />Construction Security Agreement
<br />1. DATE AND PARTIES. The date of this Deed of Trust (Security Instrument) is June 3, 2002
<br />and the parties, their addresses and tax identification numbers, if required, are as follows:
<br />'I'RUSTOR: FRANCISCO MADRIGAL -AYALA CECILIA MADRIGAL
<br />816 WEST DIVISION 816 WEST DIVISION
<br />Grand Island, HE 68801 Grand Island, NE 68801
<br />Vestinq information:
<br />U If checked, refer to the attached Addendum incorporated herein, for additional Trustors,
<br />their signatures
<br />and
<br />acknowlEdgmSm,
<br />TRUSTEE:
<br />Commercial Federal Bank
<br />13220 California St
<br />Omaha, NE 6B154
<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 Trusser's performance under this Security Instrument, Truster irrevocably grants,
<br />conveys and sells to Trustee, is trust for the benefit of Beneficiary, with power of sale, the following described property:
<br />LOT 6, IN BLOCK 116, IN KOENIG & WIEBE'S ADDITION, GRAND ISLAND, HALL COUNTY,
<br />NEBRASKA.
<br />The property is located in Hall. at 816 WEST DIVISION
<br />..,,
<br />(County)
<br />Grand Island , Nebraska 68801
<br />(Addres) (City) (ZIP Cnde)
<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 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 $ 10, 522.90 . This limitation of anrount does not include interest and other fees
<br />..ade pursuant .. to this .S .. rity .....
<br />and charges validly node pursumn to tlris Security Insnumeral. Also, this limitation does not apply to advances made tinder 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 temr "Secured Debt" is defined as follows:
<br />A. Debt incur,nd under the terms of all promissory Boasts), 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' natnes, note amounts, interest rates, maturity dares, etc.)
<br />NEBRASKA - DEED OF TRUST (NOT Fee FNMq FMLMC, FHA OR VA USE) (page f ofd)
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