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<br />This Instrument Prepared By: Crl
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<br />commercial Federal Bank
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<br />its
<br />1301 w State Ser,
<br />Grand Island, NE 60003
<br />(308) 384 -4318
<br />O
<br />CSHUDA
<br />State of Nebraska Space Above TWs Line For Rttardiug Dam
<br />DEED OF TRUST Application
<br />4 0121301956
<br />(With Future Advance Clause)
<br />Construction Security Agreement
<br />1. DATE AND PARTIES. The date of this Deed of Trust (Security Instrument) is September 5, 2002
<br />and the parties, their addresses and tax identification numbers, if required, are as follows:
<br />TRUSTOR: LARRY J CHRISTENSEN PEGGY L CHRISTENSEN
<br />3103 KENNEDY WAY 3103 KENNEDY WAY
<br />Grand Island, HE 68803 Grand Island, NE 68803
<br />vesting Information: LARRY S. CHRISTENSEN AND PEGGY L. CHRISTENSEN, RUSaAND AND WIFE.
<br />71 if checked, refer to the attached Addendum incorporated herein, for additional Trustors,
<br />their signatures
<br />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 Be. 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 Trusters performance under this Security Instrument, Truslor 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 I COLONIAL ESTATES FIFTH SUBDIVISION, CITY OF GRAND ISLAND, HALL COUNTY,
<br />NEBRASKA.
<br />The property is located in Hall at 3103 KENNEDY WAY
<br />(C'ouaty)
<br />Grand Island , Nebraska 68803
<br />(AUdrens) (Clry) (ZIP Coil
<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 $ 18, 681.90 . 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 />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), contrachs), 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 rmwun6s, interest rates, maturity dates, etc.)
<br />R
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<br />Return IN:
<br />Commercial Federal Bank
<br />450 Regency Parkway A -E
<br />Omaha, NE 68114
<br />NEBRASKA - DEED OF TRUST (NOT FOR FNMA FmMO, FHA on VA USE) YPa9e 161
<br />(D 1990 9anke5 Syxlemc, Inc., Sl. Cloud, ME os)U -3V 234n Fame RE DT NO 1aR7,97
<br />4M- c166NE ) VIAP MORTGAGE FORMS (800)5217291
<br />® ene
<br />uni riot #100141
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