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<br /> WHEN RECORDED MAIL TO:
<br /> UNITED NEBRASKA BANK
<br /> 700 N WEBB RD
<br /> PO BOX 5018 �
<br /> GRAND ISLAND,NE 88802
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<br /> SPACE ABOVE THIS LINE IS FOR RECORDER'S USE ONLY
<br /> DEED OF TRUST
<br /> THIS DEED OF TRUST IS A CONSTRUCTION SECURITY AGREEMENT
<br /> WITHIN THE MEANING OF THE NEBRASKA CONSTRUCTION LIEN ACT
<br /> THIS DEED OF TRUST IS DATED APRIL 23, 1998, among RAYMOND D HANSEN and SANDRA A HANSEN,
<br /> HUSBAND AND WIFE, whose address is 4035 EDNA DR, GRAND ISLAND, NE 68803 (referred to below as
<br /> "Trustor"); UNITED NEBRASKA BANK, whose address is 700 N WEBB RD, PO BOX 5018, GRAND ISLAND, NE
<br /> 68802 (referred to below sometimes as "Lender" and sometimes as "Beneficiary"); and UNITED NEBRASKA
<br /> BANK, whose address is 700 N WEBB RD, PO BOX 5018 / GRAND ISLAND, NE 68802 (referred to below as
<br /> "Trustee").
<br /> CONVEYANCE AND GRANT. For valuable Consideration,Trustor conveys to Trustee in trust, WITH POWER OF SALE, for the beneflt of
<br /> Lender as Beneflclary, all of Trustor's right, tiHe, and interest in and to the following described real property, together with all exisHng or
<br /> subsequently erected or affoced buildings, improvements and foctures; all easements, rights of way,and appu�tenances; all water,water rights and
<br /> ditch rights (including stock in utilities with ditch or irrigation rights);and all other rights,�r�oya�tties and profits relating to the real prop Including
<br /> without limitation all minerals, oil, gas, geothermal and similar matters, IOCated 111 NALL �OUnty, State of Nebraska (t e "Real
<br /> Property"):
<br /> FRACTIONAL LOTS SEVEN (7) AND EI�HT (8), IN FRACTIONAL BLOCK THREE (3), IN GILBERT'S
<br /> SECOND ADDITION TO THE CITY OF GRAND ISLAND, HALL COUNTY, NEBRASKA.
<br /> The Real Property or its address is commonly known as 916 W 16TH ST, GRAND ISLAND, NE 68801.
<br /> Trustor presenNy assigns to Lender(also known as Beneficiary in this Dsed of Trust)all of Trustor's right,title,and interest in and to all present and
<br /> future leases of the Property and all Rents from the Property. In addition,Trustor grants Lender a Uniform Commercial Code security(nterest in the
<br /> Rents and the Personal Property defined below.
<br /> DEFINITIONS. The following words shall have the following meanings when used in this Deed of Trust. Terms not otherwise deflned in this Deed of
<br /> Trusf shall have the meanings attributed to such terms in the Unifwm Commercial Code. All references to dollar amounts shall mean amounts in
<br /> lawful money of the United States of America.
<br /> Beneflciary. The word "Beneficiary" means UNITED NEBRASKA BANK, its successors and assigns. UNITED NEBRASKA BANK also is
<br /> referred to as"Lende�'in this Deed of Trust.
<br /> Deed of Trust. The words"Deed of Trust" meen this Deed of Trust among Trustor, Lender, and Trustee, and includes without limitatlon all
<br /> assignment and security interest provisions relating to the Personal Property and Rents.
<br /> bdstin� Indebtedness. The words"E�dsting Indebtedness" mean the indebtedness described below in the ExisHng Indebtedness sectlon of
<br /> this Deed of Trust.
<br /> Guaranior. The word "Guaranto�" means and includes without limitation any and all guarantors, sureties, and accommodation parties in
<br /> connection with the Indebtedness.
<br /> Improvements. The word "Improvements"means and includes without limitation ail existlng and future improvements, buildings, shuctures,
<br /> mobile homes affixed on the Real Property,facilitfes,additions,replacements and other conshuction on the Real Property.
<br /> Indebitdness. The word"Indebtedness"means all principal and interest payable under the Note and any amounts expended or advanced by
<br /> Lender to discharqe obligations of Trustor or expenses incurred by Trustee or Lender to enforce obligations of Trustor under this Deed of Trust,
<br /> together with interest on such amounts as provided in this Deed d'Trusl.
<br /> Lender. The word"Lender"means UNITED NEBRASKA BANK,its successors and assigns.
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