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<br />State ot'Nebraska space Above This Line For Recording
<br />Commercial Federal Bank
<br />Data
<br />CD
<br />450 Regency Pkwy, Atrium E DEED OF TRUST Application
<br /># 0121353643 -
<br />Pull NE 68114
<br />(with Future Advance Clause)
<br />(40 2) 827 -2600 CATRINA SHUDA
<br />0
<br />Construction Security Agreement
<br />"F
<br />1. DATE AND PARTIES. The date of this Deed of Trust (Security Instrument) is September 28,
<br />2002
<br />°S
<br />and the parties, their addresses and tax identification numbers, if required, are as follows:
<br />c'
<br />TRUSTOR: JULIE A JEPSON RANDALL JEPSON
<br />1107 E OKLAHOMA AVE 1107 E OKLAHOMA AVE
<br />Grand Island, NE 68801 Grand Island, NE 68801
<br />Vesting Information RANDALL JEPSON AND JULIE A. JEPSON, HUSBAND AND WIFE
<br />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 />450 Regency Pkwy A -E Cons Ln
<br />Omaha, NE 68114
<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, Trustor 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 6, VALLEY VIEW THIRD SUBDIVISION, IN THE CITY OF GRAND ISLAND, HALL COUNTY,
<br />NEBRASKA.
<br />The property is located in Hall at 1107 E OKLAHOMA AVE
<br />(County)
<br />Grand Island , Nebraska 68801
<br />(Address) (City) (ZIP Code)
<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 furore improvements, structures, fixtures, and replacements that may now, or at
<br />any time in the forme, 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 $ 13,000.00 . This limitation of amount does not include interest and other fees
<br />.............. ...............................
<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), contract(s), guaranyl or other evidence of debt described
<br />below and all their extensions, renewals, modifications or substimtions. (When referencing the debts below it is
<br />suggested that you include items such as borrowers' names, note amounts, interest rates, maturity dates, etc.)
<br />Loan Number: 0121353643 Loan Amount: $13,000.00 Maturity Date: 04/15/2005
<br />NEBRASKA - DEED OF TRUST (NOT FOR FNMA, FHUen, F E I 19 usE1 (page t p/q
<br />© IBB4 Banke59yslemSi lnC. 6L CIOUG, MN (1 e99 99h264n Form RE -0FNE IN2]l9] ��
<br />- C165(NE)
<br />196681 VMP MORTGAGE FORMS y80al1291
<br />Uni PZint #100141
<br />
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