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<br />State or Nebraska - Space Ararat This Line For Recording Data __ 0
<br />DFED OF TRUST Application # 0121287312
<br />(With Future Advance Clause)
<br />Construction security Agreement
<br />DATE AND PARTIES. The date of this Deed of Trust (Security Instrument) is August 28, 2002
<br />and the parties, their addresses and tax identification numbers, if required, are as follows:
<br />TRUSTOR: JASON D WATSON NADENE M WATSON
<br />2755 ST PATRICK AVE 2755 ST PATRICK AVE
<br />Grand Island, NE 68803 Grand Island, WE 68803
<br />vesting rae�rmation:
<br />El If checked, refer to the attached Addendum incorporated herein, for additional Tmstors, their signatures and
<br />acknowledgments.
<br />TRUSTEE:
<br />BENEFICIARY:
<br />Commercial Federal Bank
<br />13220 California St
<br />Omaha, NE 68154
<br />Commercial Federal Bank
<br />PO Box 1103
<br />Omaha, WE 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 performance under this Security Instrument, glustor 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 SEVEN (7), BLOCK ONE (1), DICKEY THIRD SUBDIVISION, CITY OF GRAND
<br />ISLAND, HALL COUNTY, NEBRASKA.
<br />The property is located in Hall al 2755 ST PATRICK AVE
<br />(County)
<br />Grand Island , Nebraska 68803
<br />(Addraes) (city) (ZIP Cale)
<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 pan 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 $ 56, 000.00 . 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 />tum>s 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 FLTURE ADVANCES. The tern "Secured Debt" is defined as follows:
<br />A. Debi incurred under the terms of all promissory note(s), contrachs), guaranty(s) or other evidence of debt described
<br />J,y e. Fbclow and all their extensions, renewals, modifications or substitutions. (Wben referencing the debts below it is
<br />r//"F" suesested that you include items such as borrowers' names, note cautious, interest rates, maturity dates, etc.)
<br />Return To:
<br />Commercial Federal Bank
<br />450 Regency Parkway A -E
<br />Omaha, NE 68114
<br />NEBRASKA - DEED OF TRUST (NOT FOR FNMA, FNrM4 FHA GE VA osq CI anot. I�
<br />Oi 1994 tlankess Systems, Ins 51. OU4 M W Form NN 8nn8 @Jon Fo NC -07NE 1012719]
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<br />State or Nebraska - Space Ararat This Line For Recording Data __ 0
<br />DFED OF TRUST Application # 0121287312
<br />(With Future Advance Clause)
<br />Construction security Agreement
<br />DATE AND PARTIES. The date of this Deed of Trust (Security Instrument) is August 28, 2002
<br />and the parties, their addresses and tax identification numbers, if required, are as follows:
<br />TRUSTOR: JASON D WATSON NADENE M WATSON
<br />2755 ST PATRICK AVE 2755 ST PATRICK AVE
<br />Grand Island, NE 68803 Grand Island, WE 68803
<br />vesting rae�rmation:
<br />El If checked, refer to the attached Addendum incorporated herein, for additional Tmstors, their signatures and
<br />acknowledgments.
<br />TRUSTEE:
<br />BENEFICIARY:
<br />Commercial Federal Bank
<br />13220 California St
<br />Omaha, NE 68154
<br />Commercial Federal Bank
<br />PO Box 1103
<br />Omaha, WE 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 performance under this Security Instrument, glustor 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 SEVEN (7), BLOCK ONE (1), DICKEY THIRD SUBDIVISION, CITY OF GRAND
<br />ISLAND, HALL COUNTY, NEBRASKA.
<br />The property is located in Hall al 2755 ST PATRICK AVE
<br />(County)
<br />Grand Island , Nebraska 68803
<br />(Addraes) (city) (ZIP Cale)
<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 pan 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 $ 56, 000.00 . 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 />tum>s 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 FLTURE ADVANCES. The tern "Secured Debt" is defined as follows:
<br />A. Debi incurred under the terms of all promissory note(s), contrachs), guaranty(s) or other evidence of debt described
<br />J,y e. Fbclow and all their extensions, renewals, modifications or substitutions. (Wben referencing the debts below it is
<br />r//"F" suesested that you include items such as borrowers' names, note cautious, interest rates, maturity dates, etc.)
<br />Return To:
<br />Commercial Federal Bank
<br />450 Regency Parkway A -E
<br />Omaha, NE 68114
<br />NEBRASKA - DEED OF TRUST (NOT FOR FNMA, FNrM4 FHA GE VA osq CI anot. I�
<br />Oi 1994 tlankess Systems, Ins 51. OU4 M W Form NN 8nn8 @Jon Fo NC -07NE 1012719]
<br />U ri
<br />- C165(NE) (ass, VMP MGRTGAGEFONMS�(800)5214191 P nL {{100141
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