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<br /> 0111263677
<br />
<br />THIS IS A CONSTRUCTION SECURITY AGREEMENT AND SECURES AN OBLIGATION WHICH THE
<br />BORROWER INCURRED FOR PURPOSES OF MAKING AN IMPROVEMENT OF THE REAL ESTATE IN
<br />WHICH A SECURITY INTEREST IS GIVEN AND IS A CONSTRUCTION SECURITY INTEREST.
<br />
<br />CN
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<br />
<br />[Space Above TI1is Line For Recording Data]
<br />CONSTRUCTION SECURITY AGREEM ENT
<br />DEED OF TRUST
<br />
<br />THIS DEED OF TRUST ("Security Instrument") is made on June 08, 2007 . The trustor is
<br />
<br />TIM C PLATE, A SINGLE PERSON AND CURT L RATLIFF, A SINGLE PERSON, JOINTY AND SEVERALLY, EACH IN
<br />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 FIFTY THOUSAND AND 00/100
<br />
<br />("Lender"). Borrower owes Lender the principal sum of
<br />
<br />Dollars (U.S. $250,000.00 ).
<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 :Jayable on June 1, 2008
<br />This Security Instrument secures to Lender: (a) the repayment of tJlf debt evidenced by the Note, with interest, and ail 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 NINE (9), WESTWOOD PARK EIGHTH SUBDIVISION IN THE CITY OF GRAND ISLAND, HALL
<br />COUNTY, NEBRASKA.
<br />
<br />which has the address of 421 BEACHWOOD DRIVE
<br />Grand Island [City]. Nebraska 68803
<br />NEBRASKA-Single Family-FNMA/FHLMC UNIFORM
<br />INSTRUMENT Form 3028 9/90
<br />.. -6RINE) (9212)04 Amended 5/91
<br /><!> VMP MORTGAGE FORMS - (800)521-7291
<br />Page 1 of 8
<br />
<br />[Zip Code] ("Property Address");
<br />
<br />[Street]
<br />
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