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[SPACE ABOVE THIS LINE FOR RECORDING DATA]
<br />LOAN NO. 249579
<br />Construction Security Agreement/Deed of Trust
<br />This Instrument is a Construction Security Agreement and secures an obligation
<br />which the Trustor incurred for purposes of making an improvement of the real estate
<br />in which a security interest is given and is a construction security interest.
<br />THIS DEED OF TRUST is made this 20`h day of NOVEMBER, 2001, by and among JOEL E.
<br />POPPE AND TINA M POPPE, HUSBAND AND WIFE, ( "Trustor ") whose mailing address is SATURN
<br />STREET, ALDA, NEBRASKA 68810, and Commercial Federal Bank, a federal savings bank (Trustee "), whose
<br />mailing address is 13220 California Street, Omaha, Nebraska 68154 and Commercial Federal Bank (`Beneficiary"),
<br />whose mailing address is 13220 California Street, Omaha, Nebraska 68154.
<br />FOR VALUABLE CONSIDERATION, Trustor irrevocably transfers, conveys and assigns to Trustee, IN
<br />TRUST, WITH POWER OF SALE, for benefit and security of Beneficiary, under and subject to the terms and
<br />conditions of this Deed of Trust, the real property located in the County of HALL, State of Nebraska, and described as
<br />follows ( "the Property "):
<br />LOT 4, ELROD ESTATES SUBDIVISION, AN ADDITION TO THE VILLAGE OF ALDA, HALL COUNTY,
<br />NEBRASKA
<br />TOGETHER WITH all interest which Trustor now has or may hereafter acquire in or to said Property and in
<br />or to all rents easements, appurtenances, hereditaments, interests in adjoining roads, streets and alleys, improvements
<br />and buildings of any kind situated thereon and all personal property that may be or hereafter become an integral part of
<br />such buildings and improvements, all crops raised thereon, and all water rights.
<br />The Property and the entire estate and interest conveyed to the Trustee are referred to collectively as the
<br />"Trust Estate."
<br />Trustor covenants that Trustor is lawfully seized of the Trust Estate hereby conveyed and has the right to
<br />grant, convey, transfer and assign the Trust Estate to the Trustee and that Trustor will warrant and defend generally the
<br />title to the Trust Estate against all claims and demands and that the Trust Estate if free of all liens.
<br />THIS CONVEYANCE IS GIVEN FOR THE PURPOSE OF SECURING:
<br />A. Payment of the principal sum of EIGHTY -NINE THOUSAND ONE HUNDRED AND 00 /100ths
<br />DOLLARS ($89,100.00) Dollars with interest thereon evidenced by that certain Promissory Note ( "the Note ")
<br />executed by Trustor, which has been delivered and is payable to the order of Beneficiary, and which by this reference is
<br />hereby made a part hereof, and any and all modifications, extensions and renewals thereof together with any future
<br />advances made by Beneficiary, and
<br />B. Payment of all sums advance by Beneficiary for any reason to protect the Trust Estate, with interest
<br />thereon at the maximum rate allowed by law.
<br />This Deed of Trust, the Note, and any other instrument given to evidence or further secure the payment and
<br />performance of any obligation secure hereby, including any Building Loan Agreement or Construction Loan
<br />Agreement, are referred to collectively as the "Loan Documents."
<br />TO PROTECT THE SECURITY OF THIS DEED OF TRUST, TRUSTOR COVENANTS AND AGREES
<br />AS FOLLOWS:
<br />1. PAYMENT OF INDEBTEDNESS. Trustor shall pay when due the principal of, and the interest on, the
<br />indebtedness evidenced by the Note, charges, fees and all other sums as provided in the Loan Documents.
<br />2. PAYMENT OF TAXES AND INSURANCE. Unless otherwise agreed to in writing by Beneficiary,
<br />Trustor shall pay to Beneficiary on the day monthly payments are due under the Note, until the Note is
<br />paid in full, a sum (Funds) for (a) at least one - twelfth of the yearly property taxes and assessments on
<br />the property; and (b) at least one - twelfth of the yearly hazard or property insurance premiums. These
<br />items are called "Escrow Items ". Beneficiary may estimate the amount of Funds due on the basis of
<br />current data and reasonable estimates of expenditures of future Escrow Items and notify Trustor in
<br />writing of any changes in the amounts to be paid by Trustor. Beneficiary shall not be required to pay
<br />Trustor any interest or earnings on the Funds. The Funds are pledged as additional security for all sums
<br />secured by this Deed of Trust. If the amount the Funds held by Beneficiary at any time is not sufficient
<br />to pay the Escrow Items when due, Beneficiary may so notify Trustor in writing, and, in such case,
<br />Trustor shall pay to Beneficiary the amount necessary to make up the deficiency. Upon payment in full
<br />of all sums secured by this Deed of Trust, Beneficiary shall promptly refund to Trustor any Funds held
<br />by Beneficiary.
<br />3. INSURANCE Trustor shall maintain fire and extended coverage insurance insuring the improvements
<br />and buildings constituting part of the Trust Estate for an amount no less than the amount of the unpaid principal balance
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<br />[SPACE ABOVE THIS LINE FOR RECORDING DATA]
<br />LOAN NO. 249579
<br />Construction Security Agreement/Deed of Trust
<br />This Instrument is a Construction Security Agreement and secures an obligation
<br />which the Trustor incurred for purposes of making an improvement of the real estate
<br />in which a security interest is given and is a construction security interest.
<br />THIS DEED OF TRUST is made this 20`h day of NOVEMBER, 2001, by and among JOEL E.
<br />POPPE AND TINA M POPPE, HUSBAND AND WIFE, ( "Trustor ") whose mailing address is SATURN
<br />STREET, ALDA, NEBRASKA 68810, and Commercial Federal Bank, a federal savings bank (Trustee "), whose
<br />mailing address is 13220 California Street, Omaha, Nebraska 68154 and Commercial Federal Bank (`Beneficiary"),
<br />whose mailing address is 13220 California Street, Omaha, Nebraska 68154.
<br />FOR VALUABLE CONSIDERATION, Trustor irrevocably transfers, conveys and assigns to Trustee, IN
<br />TRUST, WITH POWER OF SALE, for benefit and security of Beneficiary, under and subject to the terms and
<br />conditions of this Deed of Trust, the real property located in the County of HALL, State of Nebraska, and described as
<br />follows ( "the Property "):
<br />LOT 4, ELROD ESTATES SUBDIVISION, AN ADDITION TO THE VILLAGE OF ALDA, HALL COUNTY,
<br />NEBRASKA
<br />TOGETHER WITH all interest which Trustor now has or may hereafter acquire in or to said Property and in
<br />or to all rents easements, appurtenances, hereditaments, interests in adjoining roads, streets and alleys, improvements
<br />and buildings of any kind situated thereon and all personal property that may be or hereafter become an integral part of
<br />such buildings and improvements, all crops raised thereon, and all water rights.
<br />The Property and the entire estate and interest conveyed to the Trustee are referred to collectively as the
<br />"Trust Estate."
<br />Trustor covenants that Trustor is lawfully seized of the Trust Estate hereby conveyed and has the right to
<br />grant, convey, transfer and assign the Trust Estate to the Trustee and that Trustor will warrant and defend generally the
<br />title to the Trust Estate against all claims and demands and that the Trust Estate if free of all liens.
<br />THIS CONVEYANCE IS GIVEN FOR THE PURPOSE OF SECURING:
<br />A. Payment of the principal sum of EIGHTY -NINE THOUSAND ONE HUNDRED AND 00 /100ths
<br />DOLLARS ($89,100.00) Dollars with interest thereon evidenced by that certain Promissory Note ( "the Note ")
<br />executed by Trustor, which has been delivered and is payable to the order of Beneficiary, and which by this reference is
<br />hereby made a part hereof, and any and all modifications, extensions and renewals thereof together with any future
<br />advances made by Beneficiary, and
<br />B. Payment of all sums advance by Beneficiary for any reason to protect the Trust Estate, with interest
<br />thereon at the maximum rate allowed by law.
<br />This Deed of Trust, the Note, and any other instrument given to evidence or further secure the payment and
<br />performance of any obligation secure hereby, including any Building Loan Agreement or Construction Loan
<br />Agreement, are referred to collectively as the "Loan Documents."
<br />TO PROTECT THE SECURITY OF THIS DEED OF TRUST, TRUSTOR COVENANTS AND AGREES
<br />AS FOLLOWS:
<br />1. PAYMENT OF INDEBTEDNESS. Trustor shall pay when due the principal of, and the interest on, the
<br />indebtedness evidenced by the Note, charges, fees and all other sums as provided in the Loan Documents.
<br />2. PAYMENT OF TAXES AND INSURANCE. Unless otherwise agreed to in writing by Beneficiary,
<br />Trustor shall pay to Beneficiary on the day monthly payments are due under the Note, until the Note is
<br />paid in full, a sum (Funds) for (a) at least one - twelfth of the yearly property taxes and assessments on
<br />the property; and (b) at least one - twelfth of the yearly hazard or property insurance premiums. These
<br />items are called "Escrow Items ". Beneficiary may estimate the amount of Funds due on the basis of
<br />current data and reasonable estimates of expenditures of future Escrow Items and notify Trustor in
<br />writing of any changes in the amounts to be paid by Trustor. Beneficiary shall not be required to pay
<br />Trustor any interest or earnings on the Funds. The Funds are pledged as additional security for all sums
<br />secured by this Deed of Trust. If the amount the Funds held by Beneficiary at any time is not sufficient
<br />to pay the Escrow Items when due, Beneficiary may so notify Trustor in writing, and, in such case,
<br />Trustor shall pay to Beneficiary the amount necessary to make up the deficiency. Upon payment in full
<br />of all sums secured by this Deed of Trust, Beneficiary shall promptly refund to Trustor any Funds held
<br />by Beneficiary.
<br />3. INSURANCE Trustor shall maintain fire and extended coverage insurance insuring the improvements
<br />and buildings constituting part of the Trust Estate for an amount no less than the amount of the unpaid principal balance
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<br />[SPACE ABOVE THIS LINE FOR RECORDING DATA]
<br />LOAN NO. 249579
<br />Construction Security Agreement/Deed of Trust
<br />This Instrument is a Construction Security Agreement and secures an obligation
<br />which the Trustor incurred for purposes of making an improvement of the real estate
<br />in which a security interest is given and is a construction security interest.
<br />THIS DEED OF TRUST is made this 20`h day of NOVEMBER, 2001, by and among JOEL E.
<br />POPPE AND TINA M POPPE, HUSBAND AND WIFE, ( "Trustor ") whose mailing address is SATURN
<br />STREET, ALDA, NEBRASKA 68810, and Commercial Federal Bank, a federal savings bank (Trustee "), whose
<br />mailing address is 13220 California Street, Omaha, Nebraska 68154 and Commercial Federal Bank (`Beneficiary"),
<br />whose mailing address is 13220 California Street, Omaha, Nebraska 68154.
<br />FOR VALUABLE CONSIDERATION, Trustor irrevocably transfers, conveys and assigns to Trustee, IN
<br />TRUST, WITH POWER OF SALE, for benefit and security of Beneficiary, under and subject to the terms and
<br />conditions of this Deed of Trust, the real property located in the County of HALL, State of Nebraska, and described as
<br />follows ( "the Property "):
<br />LOT 4, ELROD ESTATES SUBDIVISION, AN ADDITION TO THE VILLAGE OF ALDA, HALL COUNTY,
<br />NEBRASKA
<br />TOGETHER WITH all interest which Trustor now has or may hereafter acquire in or to said Property and in
<br />or to all rents easements, appurtenances, hereditaments, interests in adjoining roads, streets and alleys, improvements
<br />and buildings of any kind situated thereon and all personal property that may be or hereafter become an integral part of
<br />such buildings and improvements, all crops raised thereon, and all water rights.
<br />The Property and the entire estate and interest conveyed to the Trustee are referred to collectively as the
<br />"Trust Estate."
<br />Trustor covenants that Trustor is lawfully seized of the Trust Estate hereby conveyed and has the right to
<br />grant, convey, transfer and assign the Trust Estate to the Trustee and that Trustor will warrant and defend generally the
<br />title to the Trust Estate against all claims and demands and that the Trust Estate if free of all liens.
<br />THIS CONVEYANCE IS GIVEN FOR THE PURPOSE OF SECURING:
<br />A. Payment of the principal sum of EIGHTY -NINE THOUSAND ONE HUNDRED AND 00 /100ths
<br />DOLLARS ($89,100.00) Dollars with interest thereon evidenced by that certain Promissory Note ( "the Note ")
<br />executed by Trustor, which has been delivered and is payable to the order of Beneficiary, and which by this reference is
<br />hereby made a part hereof, and any and all modifications, extensions and renewals thereof together with any future
<br />advances made by Beneficiary, and
<br />B. Payment of all sums advance by Beneficiary for any reason to protect the Trust Estate, with interest
<br />thereon at the maximum rate allowed by law.
<br />This Deed of Trust, the Note, and any other instrument given to evidence or further secure the payment and
<br />performance of any obligation secure hereby, including any Building Loan Agreement or Construction Loan
<br />Agreement, are referred to collectively as the "Loan Documents."
<br />TO PROTECT THE SECURITY OF THIS DEED OF TRUST, TRUSTOR COVENANTS AND AGREES
<br />AS FOLLOWS:
<br />1. PAYMENT OF INDEBTEDNESS. Trustor shall pay when due the principal of, and the interest on, the
<br />indebtedness evidenced by the Note, charges, fees and all other sums as provided in the Loan Documents.
<br />2. PAYMENT OF TAXES AND INSURANCE. Unless otherwise agreed to in writing by Beneficiary,
<br />Trustor shall pay to Beneficiary on the day monthly payments are due under the Note, until the Note is
<br />paid in full, a sum (Funds) for (a) at least one - twelfth of the yearly property taxes and assessments on
<br />the property; and (b) at least one - twelfth of the yearly hazard or property insurance premiums. These
<br />items are called "Escrow Items ". Beneficiary may estimate the amount of Funds due on the basis of
<br />current data and reasonable estimates of expenditures of future Escrow Items and notify Trustor in
<br />writing of any changes in the amounts to be paid by Trustor. Beneficiary shall not be required to pay
<br />Trustor any interest or earnings on the Funds. The Funds are pledged as additional security for all sums
<br />secured by this Deed of Trust. If the amount the Funds held by Beneficiary at any time is not sufficient
<br />to pay the Escrow Items when due, Beneficiary may so notify Trustor in writing, and, in such case,
<br />Trustor shall pay to Beneficiary the amount necessary to make up the deficiency. Upon payment in full
<br />of all sums secured by this Deed of Trust, Beneficiary shall promptly refund to Trustor any Funds held
<br />by Beneficiary.
<br />3. INSURANCE Trustor shall maintain fire and extended coverage insurance insuring the improvements
<br />and buildings constituting part of the Trust Estate for an amount no less than the amount of the unpaid principal balance
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