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<br /> 10 n ~ <br /> m :::1:1: <br /> "'" <br /> c: ~~ Cf) ,"' ...,;,. <br /> z :c (.::.:.~..:> <br />('\ S'~ <=:::> <br />~ 0 -..::J <br />'J: 'j,~ <br />m ~ ,,- " =3 <br />n \J-J ~ t" =t:> <br />'" :t: 0 rn')- = <br /> ~~--- I-' <br /> \J\ '"T1 CD <br /> 0 CJ t)- <br /> rn " --0 <br /> 1'1 l ::3 <br /> 0 <br /> lfl ...c <br /> c::> <br /> CO <br /> <br />Q <br />. <br />.. <br />. <br /> <br /> <br /> <br />N <br />S <br />CSl <br />-...J <br />S <br />N <br />..... <br />CSl <br /><D <br /> <br />[Space Above This Line For Recording Data] <br />CONSTRUCTION SECURITY AGREEMENT <br /> <br />DEED OF TRUST <br /> <br />~I <br /> <br />c::>~ <br />~i <br />:i <br /> <br />c.D2 <br />e <br />\\. " " <br />".~~) <br />0111263315 C> c' . '., <br />'~\ <br />C <br /> <br />(J ef) <br />0-1 <br />c~ <br />z-l <br />-1m <br />-<0 <br />0'" <br />"'z <br />:err1 <br />I> 0:; <br />,:::0 <br />,I> <br />en <br />;;><;: <br />;t> <br />-- <br /> <br />(I) <br />(.I) <br /> <br />It is understood by the Borrower 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 priee of said improvements. <br /> <br />THIS DEED OF TRUST ("Security Instrument") is made on March 16, 2007 . The trustor is <br />JOHN S SCHULTE AND DIANNE L SCHULTE, HUSBAND AND WIFE, JOINTLY AND SEVERALLY, AND EACH IN THEIR <br />OWN RIGHT <br /> <br />("Borrower"). The trustee is TierOne Bank <br /> <br />("Trustee"). The beneficiary is TierOne Bank <br /> <br />which is organi;wd 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 SIXTEEN THOUSAND AND 00/100 <br /> <br />("Lender"). Borrower owes Lender the principal sum of <br /> <br />Dollars (U.S. $216,000.00 ). <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, ifnot paid earlier, due and payable on March 1, 2008 <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 SIXTEEN (16), WESTWOOD PARK EIGHTH SUBDIVISION, IN THE CITY OF GRAND ISLAND, HALL <br />COUNTY, NEBRASKA <br /> <br />which has the address of 315 BEACHWOOD DRIVE <br />Grand Island [City], Nebraska 68803 <br />NEB~SKA-Single Family-FNMA/FHLMC UNIFORM <br />INSTRUMENT Fonn 3028 9/ 90 <br />.. -6R(NE) ~212),04 Amended 5/91 <br /><!> VMP MORTGAGE FORMS - (800)521-7291 <br />Pl'Qe 1 of 6 <br /> <br />[Zip Code] ("Property Address"); <br /> <br />~ <br /> <br />[Street] <br />