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( "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 />ONE HUNDRED SEVENTY TWO THOUSAND AND 00 1100
<br />Dollars (U.S.$172,000.00 ).
<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 September 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 TEN (10), INDIANHEAD SEVENTH SUBDIVISION IN THE CITY OF GRAND ISLAND, HALL COUNTY,
<br />NEBRASKA.
<br />which has the address of 4017 INDIANHEAD DR
<br />GRAND ISLAND [City], Nebraska 68803
<br />NEBRASKA - Single Family- FNMA /FHLMC UNIFORM
<br />INSTRUMENT Form 3028 9/90
<br />- 6R(NE) 192121.04 Amended 5/91
<br />® VMP MORTGAGE FORMS - (800)521 -7291
<br />Page 1 of 6
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<br />_. CONSTRUCTION SECURITY AGREEMENT
<br />DEED OF TRUST
<br />0110242000
<br />It is understood by the Borrower and Lender that this instrument, which is secured by the
<br />below referred property, is a
<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
<br />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 September 19th, 2005
<br />The trustor is
<br />Mark D Hemmingsen and Sharon D Hemmingsen, husband and wife,
<br />jointly and each in their 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 />ONE HUNDRED SEVENTY TWO THOUSAND AND 00 1100
<br />Dollars (U.S.$172,000.00 ).
<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 September 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 TEN (10), INDIANHEAD SEVENTH SUBDIVISION IN THE CITY OF GRAND ISLAND, HALL COUNTY,
<br />NEBRASKA.
<br />which has the address of 4017 INDIANHEAD DR
<br />GRAND ISLAND [City], Nebraska 68803
<br />NEBRASKA - Single Family- FNMA /FHLMC UNIFORM
<br />INSTRUMENT Form 3028 9/90
<br />- 6R(NE) 192121.04 Amended 5/91
<br />® VMP MORTGAGE FORMS - (800)521 -7291
<br />Page 1 of 6
<br />[Zip Code] ( "Property Address ");
<br />I /
<br />,Y
<br />[Street]
<br />
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