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m <br />W <br />CD <br />W _ <br />1■ <br />n <br />M <br />n <br />7q <br />M <br />c <br />Z <br />nCP <br />En <br />n <br />KC <br />s <br />n <br />;Ki <br />a <br />V <br />d <br />r <br />cn <br />CID <br />C.J <br />C) <br />[Space Above This Line For Recording Data] -- <br />CONSTRUCTION SECURITY AGREEMENT <br />DEED OF TRUST <br />n ua <br />C> -a <br />T1 ry <br />y r;i <br />r � <br />r" a <br />U� <br />;x <br />A <br />(!) <br />CD <br />ry <br />o <br />u, <br />C= <br />C.., I <br />Cif <br />C;J r+ <br />C. > <br />0110232818 <br />It is understood by the Borrower and Lender that this instrument, which is secured by the below referred property, is a '>1 <br />CONSTRUCTION SECURITY AGREEMENT; that it does or will secure an obligation which the Borrower has or will incur for <br />the purpose of making an improvement or improvements on property hereinafter described; and that advances made hereunder will <br />be applied to the payment of the contract price of said improvements. <br />THIS DEED OF TRUST ( "Security Instrument ") is made on April 19th, 2005 The trustor is <br />Tim C Plate, a single person and Rudolf F Plate and Jeannice R <br />Plate, husband and wife, jointly and severally and each in their <br />own right, <br />( "Borrower "). The trustee is TierOne Bank <br />( "Trustee "). The beneficiary is TierOne Bank <br />which is organized and existing under the laws of UNITED STATES OF AMERICA and whose <br />address is 1235 N STREET LINCOLN NE 68508 - <br />( "Lender "). Borrower owes Lender the principal sum of <br />THREE HUNDRED SIXTY THOUSAND AND 00 /100 <br />Dollars (U.S. $360,000.00 ). <br />This debt is evidenced by Borrower's note dated the same date as this Security Instrument ( "Note "), which provides for <br />monthly payments, with the full debt, if not paid earlier, due and payable on April 1, 2006 <br />This Security Instrument secures to Lender: (a) the repayment of the debt evidenced by the Note, with interest, and all renewals, <br />extensions and modifications of the Note; (b) the payment of all other sums, with interest, advanced under paragraph 7 to <br />protect the security of this Security Instrument; and (c) the performance of Borrower's covenants and agreements. For this <br />purpose, Borrower irrevocably grants and conveys to Trustee, in trust, with power of sale, the following described property <br />located in HALL County, Nebraska: <br />Lot Two (2), Westwood Park Ninth Subdivision, in the City of Grand Island, Hall. County, <br />Nebraska. <br />which has the address of 419 - 421 Rosewood Cir <br />GRAND ISLAND [City], Nebraska 68803 <br />NEBRASKA - Single Family- FNMA /FHLMC UNIFORM <br />INSTRUMENT Form 3028 9/90 <br />IM -6R(NE) (9212).04 Amended / <br />® VMP MORTGAGE FORMS - 180015 2 1 -7 2 9 1 T� '' T, �v <br />Page 1 of 6 Initials: (Q <br />[Zip Code] ( "Property Address "); <br />q * p- P. <br />[Street] <br />