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.-..... o~ <=:> o (Jl iIO Q~", c:::o o -f m c::T.) "TI ~, c:> ~[ fa c: m en c_ z-i Z n :c "- ~f =0 -i(Tl n ~ :z -<0 :"" :I: ~ 0 w 0'" oGi' m ~ 0'" N 6i n (I) "'T'l t-A "'z ~I CSl '" :x: u-' Cl t~\ :r:: nl CSl f"T1 -U l>C:tl en ~ 0 m r ::3 r :;0 IS 0 r :0- S G~ VI (fJ CO ~ ;;0:: en n >- (J1 " 0 -- ... I""V (fJ U1 :2 (fJ 0 [Space Above This Line For Recording Data] CONSTRUCTION SECURITY AGREEMENT \~ \,,') DEED OF TRUST 0110247319 ~-J' It is understood by the Borrower and Lender that this instrument, which is secured by the below referred property, is a () '6 CONSTRUCTION SECURITY AGREEMENT; that it does or will secure an obligation which the Borrower has or will incur for '-" the purpose of making an improvement or improvements on property hereinafter described; and that advances made hereunder will be applied to the payment of the contract price of said improvements. THIS DEED OF TRUST ("Security Instrument") is made on January 31st, 2006 TODD R OLSEN and MICHELLE L OLSEN, husband and wife, jointly and each in their own right, . The trustor is ("Borrower"). The trustee is TierOne Bank ("Trustee"). The beneficiary is TierOne Bank which is organized and existing under the laws of UNITED STATES OF AMERICA address is 1235 N STREET LINCOLN NE 68508- , and whose ("Lender"). Borrower owes Lender the principal sum of ONE HUNDRED FIFTY TWO THOUSAND AND 00/100 Dollars (U.S. $152,000.00 ). This debt is evidenced by Borrower's note dated the same date as this Security Instrument ("Note"), which provides for monthly payments, with the full debt, if not paid earlier, due and payable on January 1, 2007 This Security Instrument secures to Lender: (a) the repayment of the debt evidenced by the Note, with interest, and all renewals, extensions and modifications of the Note; (b) the payment of all other sums, with interest, advanced under paragraph 7 to protect the security of this Security Instrument; and (c) the performance of Borrower's covenants and agreements. For this purpose, Borrower irrevocably grants and conveys to Trustee, in trust, with power of sale, the following described property located in HALL County, Nebraska: LOT SIXTEEN (16), BLOCK THREE (3), SUMMERFIELD ESTATES FOURTH SUBDIVISION, IN THE CITY OF GRAND ISLAND, HALL COUNTY, NEBRASKA. which has the address of 3910 Partridge Circle GRAND ISLAND [CitYI, Nebraska 68803 NEBRASKA-Single Family-FNMA/FHLMC UNIFORM INSTRUMENT Form 3028 9/90 4& -6R(NE) 192121-04 Amended 5/91 ~ VMP MORTGAGE FORMS - (8001521-7291 Page 1 of 6 [Street] [Zip Code] ("Property Address");