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<br />N <br />is <br />is <br />-..J <br />-->. <br />is <br />W <br />01 <br />CJ) <br /> <br /> <br />I <br /> <br />c <br /> <br />~ <br /> <br />10 <br />m <br />~ <br />~~~ <br />nc.n <br />lJll;~ <br />~ <br />~ <br /> <br /> <br />:"'~ <br />C::...;) <br />r:=:J <br />-.3 <br /> <br />"]t <br />f'/~', ., <br />~^"] $' \" <br />f"T1 <:~". <br />,.-; l~" '-- <br /><. ,,~. <br />Q ,- <br />'.T1 <br />l!rJ I' , <br />\.~. <br />tl"'. ~ <br />iT1 ~".. <br />""" <br />I:n <br /> <br />C:l <br />r<'l <br />= <br /> <br />...... <br />~ <br /> <br />-0 <br />:::3 <br /> <br />f--' <br /> <br />oU! <br />o --l <br />c: ):o~ <br />Z~ <br />-,jM <br />-< C' <br />0-'-' <br />.." :i~. <br />:.:1: I'T\ <br />~> CO <br />, :;u <br />r- J;>o <br />(f> <br />"" <br />J:"~ <br />..,......- <br /> <br />\ill' <br />.Gf;l <br /> <br />o <br />~ <br />o <br />o <br />--.J <br />...... <br /><::) <br />(..) <br />(}1 <br />en <br /> <br />I <br />~ <br />S <br />~ <br />a <br />~ <br /> <br />c..:> <br />...... <br /> <br />\', <br />'\' <br />~\,~ <br />0111274182~. <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 />ISpace Above This Line For Recording Data) <br />CONSTRUCTION SECURITY AGREEM ENT <br /> <br />DEED OF TRUST <br /> <br />THIS DEED OF TRUST ("Security Instrument") is made on December 07, 2007 . The trustor is <br />JOHN S SCHULTE AND DIANNE L SCHULTE, HUSBAND AND WIFE, JOINTLY 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 />("Lender"). Borrower owes Lender the principal sum of <br />TWO HUNDRED TWENTY SEVEN THOUSAND TWO HUNDRED FIFTY AND 00/100 <br />Dollars (U.S. $ 227,250.00 ). <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 December 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 modificatiol,1s 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 TWENTY-THREE (23) ,WESTWOOD PARK TENTH SUBDIVISION IN THE CITY OF GRAND ISLAND, HALL <br />COUNTY, NEBRASKA <br /> <br />which has the address of 617 SANDALWOOD DRIVE <br />GRAND ISLAND [City], Nebraska 68803 <br />NEB~SKA-Single Family-FNMA/FHLMC UNIFORM <br />INSTRUMENT Fonn 3028 9/ 90 <br />. -6R(NE) (9212).04 Amended 5/91 <br />@ VMP MORrGAGE FORMS - (800)521-7291 <br />P<l;le 1 of 8 <br /> <br />[Zip Code] ("Property Address"); <br /> <br />lStreetJ <br />