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Return To: <br />TierOne Bank <br />1235 'N' Street <br />Lincoln, NE 68508 <br />Prepared By: <br />Kim Jande <br />1235 'N' Street <br />Lincoln, NE 68508 <br />-[Space Above This Line For Recordin Data]-- - <br />CONSTRUCTION SECURITY AGAEMENT <br />DEED OF TRUST <br />....�,..�„ <br />• ;w <br />rn <br />C <br />M rn <br />�? <br />W <br />rn <br />a� <br />T1 <br />� <br />n <br />co <br />4�, <br />�-�-- <br />CAD <br />-n <br />Return To: <br />TierOne Bank <br />1235 'N' Street <br />Lincoln, NE 68508 <br />Prepared By: <br />Kim Jande <br />1235 'N' Street <br />Lincoln, NE 68508 <br />-[Space Above This Line For Recordin Data]-- - <br />CONSTRUCTION SECURITY AGAEMENT <br />DEED OF TRUST <br />It is understood by the Borrower and Lender that this instrument, which is secured by the below referred <br />property, is a CONSTRUCTION SECURITY AGREEMENT; that it does or will secure an obligation which <br />the Borrower has or will incur for the purpose of making an improvement or improvements on property <br />hereinafter described; and that advances made hereunder will be applied to the payment of the contract price <br />of said improvements. <br />DEFINITIONS <br />Words used in multiple sections of this document are defined below and other words are defined in <br />Sections 3, 11, 13, 18, 20 and 21. Certain rules regarding the usage of words used in this document are <br />also provided in Section 16. <br />(A) "Security Instrument" means this document, which is dated July 28th, 2005 <br />together with all Riders to this document. <br />(B) "Borrower" is Phillip J Van de Ovalle and Sheila Van de Walle, husband and <br />wife, jointly and each in their own right <br />Borrower is the trustor under this Security Instrument. <br />0110238533 <br />NEBRASKA - Single Family - Fannie Mae /Freddie Mac UNIFORM INSTRUMENT Form 3028 1/01 <br />-6(NE) (0005) <br />Page 1 of 15 Initials: <br />VMP MORTGAGE FORMS - (800)621 -7291 <br />t�l <br />0 <br />ry <br />O <br />O <br />CJl •��. <br />-0 <br />^r3 <br />Q <br />M <br />�? <br />N <br />T+ <br />T1 <br />tz:l <br />co <br />CAD <br />It is understood by the Borrower and Lender that this instrument, which is secured by the below referred <br />property, is a CONSTRUCTION SECURITY AGREEMENT; that it does or will secure an obligation which <br />the Borrower has or will incur for the purpose of making an improvement or improvements on property <br />hereinafter described; and that advances made hereunder will be applied to the payment of the contract price <br />of said improvements. <br />DEFINITIONS <br />Words used in multiple sections of this document are defined below and other words are defined in <br />Sections 3, 11, 13, 18, 20 and 21. Certain rules regarding the usage of words used in this document are <br />also provided in Section 16. <br />(A) "Security Instrument" means this document, which is dated July 28th, 2005 <br />together with all Riders to this document. <br />(B) "Borrower" is Phillip J Van de Ovalle and Sheila Van de Walle, husband and <br />wife, jointly and each in their own right <br />Borrower is the trustor under this Security Instrument. <br />0110238533 <br />NEBRASKA - Single Family - Fannie Mae /Freddie Mac UNIFORM INSTRUMENT Form 3028 1/01 <br />-6(NE) (0005) <br />Page 1 of 15 Initials: <br />VMP MORTGAGE FORMS - (800)621 -7291 <br />t�l <br />0 <br />ry <br />O <br />O <br />CJl •��. <br />-0 <br />^r3 <br />Q <br />