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<br /> ~ "\ nn ........,. <br /> m ~ <br /> ~ :1:.> ==> oen <br /> ~, c:::., 0-1 <br /> Ii) men <br /> n Z n:x: (~ c: J:>. <br /> :x:~o ~ ::0 ~' c::::: 2:-1 <br /> rTl ~ Z -f1Tl <br />N :- ~en~ ~~- -<0 <br />cSl ~ ~:c N 0..,., <br />cSl ." W ""'z <br />(j) 0 ~ <br />cSl ,....., ::r::1Tl <br />c.n ! ,.,., -0 1> CD <br />(j) 0 ~ ::3 r ::0 <br />c.n en 'l> <br />-..J N en <br /> ;;.; <br /> l> <br /> .....:;: -.- <br /> N fA <br /> '" <br /> <br /> <br /> <br />[Space Above This Line For Recording Data] <br />CONSTRUCTION SECURITY AGREEMENT <br /> <br />DEED OF TRUST <br /> <br />o <br />N <br />a <br />o <br />0) <br />a <br />c.n <br />0) <br />c.n <br />-.J <br /> <br />f;' <br />fir <br />~ <br />~ <br />s <br />g <br />3 <br />en <br />::J <br />...... <br />:2 <br />o <br /> <br />\', "'" " <br />''.'\ .:.:)......"J <br />"- C':.; I <br />0111249975 '-<.J" <br />b <br /> <br />It is understood by the Bonower and Lender that this instrument, which is secured by the 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 made hereunder will <br />be applied to the payment of the contract price of said improvements, <br /> <br />. The trustor is <br /> <br />TillS DEED Or TRUST ("Security Instrument") is made on June 22nd, 2006 <br />JOHN S. SCHULTE AND DIANNE L. SCHULTE, husband and wife, jointly <br />and each in their own right, <br /> <br />("Borrower"). The trustee is TierOne Bank <br /> <br />("Trustee"). The beneficiary is TierOne Bank <br /> <br />which is organized and existing under the laws of UNITED STATES OF AMERICA <br />address IS 1235 N STREET LINCOLN NE 68508- <br /> <br />, and whose <br /> <br />TWO HUNDRED TEN THOUSAND AND 00/100 <br /> <br />(" Lender"). Borrower owes Lender the principal sum of <br /> <br />Dollars (U.S. $210,000.00 ). <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 June 1, 2007 <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 or 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 NINETEEN (19), WESTWOOD PARK EIGHTH SUBDIVISION, IN THE CITY OF GRAND ISLAND, HALL <br />COUNTY, NEBRASKA. <br /> <br />which has the address of 4061 SANDALWOOD DR <br />GRAND ISLAND [City], Nebraska 68883 <br />NEBRASKA-Single Family.FNMA/FHLMC UNIFORM <br />INSTRUMENT Form 3028 9/90 <br />C -6R(NE) 19212104 Amended 5/91 <br />@ VMP MORTGAGE FORMS - 18001521-7291 <br /> <br />[Zip Code] ("Property Address"); <br /> <br />P'I00 1 of 6 <br /> <br />[Street] <br /> <br />1:0 <br />