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<br /> CONSTRUCTION 3ECURITY AGREEMENT �-
<br /> � DEED OF 'PRUST �`"
<br /> � �:-
<br /> Intending to creatQ a Canetruction Seaurity Interes� in R_
<br /> � accordmnce with the Nebraska Construction Lien Act, thia DEED OF =_
<br /> T1tUST is made as of the 15Ta day of AIIGIIST , 19 97 , by and P�--�
<br /> ? among the Trustor, RICHARD F b MARILYH S FOR. HIISBAND IiIE'� , whose _�
<br /> ,.::y - � mailing aadress is 209 W 19TH 5T GRAND ISLAND NE 68 1
<br /> � �;;�� w et er one or more , t e Txuetee,
<br /> „ (herein "Borrower",
<br /> - ::.. , _ - , AREND s�l►cR :ttoznej a+� T��r: whoae ma—''il�n'_q
<br /> .
<br /> ���,::;,, � hQrein
<br /> �;� a ress s p BoR 790 GRAND IsLAND NE 68802 ________�_, (
<br /> • � • "Trustee") , and the Benef c ary, THE OVERLANA NATIONAL BANK OF
<br /> aRAND ISLAND, whose mailing addreas is 304 West Thtrd 9treet,
<br /> . . ' P. 0. Box 1688, Grand Island, Nebraeka 688D 2-1688 (herein
<br />_ >; "Lender"1 • . ----
<br /> . I��+ FOR VALUABLE CONSIDERATION, inaluding tihe indebtedneee �•��.
<br /> �� identified herein and trust herein crea�ed fo�c �he purpose of
<br /> . , :; �.�:,. making improvements to the real estate hereina�ter described, th�
<br /> '� �� recei�t of which is hereby acknowledqed, Borrower hereby
<br /> � `"` � irrevocably gran�s, �ranafere, conveye and aseigne to Trustee, IN
<br /> • � mRUST, W�TH POWER OF SALE, for tho benefit and aecurity of
<br />�:� - � Lender, under and subject to the terms and conc3itions hereiaafter
<br /> se� forth, the real propex�y, deearibed as follows:
<br /> ,�;.. .,' LOTS ONE (1) AND THO (2). BLOCK ONE
<br />- • , . - �' HiJ�iDRED EIGflT (108) RAILROAD ADDITION
<br />=',-Y.. TO THE CITY OF GRANA ISLANDs �.L COIINTY�
<br /> .i..:
<br /> NEBRASRA
<br />�,`.:� ,:}.. � . , -- --=-
<br />_ � f�, Together with all buildings, impxovements, fixtures, _��_���_
<br /> � streete, alleye, paseageways, easem�nta, righte, privilsgee +�nd ; -
<br /> 2� appurtenances lvcated thereon ar in an ise ertainin tihereto, ��-�`=" -�"�
<br /> Yh' P 9 ���.-:-�_-
<br /> � anci the rente, iesues and profitis, revereidne �nd remt�indere `.����,::
<br /> thereof, and such perannal property tlia� is attached to the -`� - ,,',�;.:
<br /> � t improvemente so as �o canetitu�e a fixture, includ3.ng, but not _:�.r�.�. . ;:'::
<br /> - . , � limited to, hea�ing and cooling equipment= and together with the �.�:� ..�����'._��
<br /> - homestead or marital interes�g► if any, which intereeta are •� �;+,:� . ,
<br /> ' � � hereby released and waivedl; all of which, inaluding replacementa '����;�:H
<br /> � '' s�nd additions thereto� is hexeby deolared �o be a psrt of the ' � '� �;�;��; .
<br /> real e��ate secured by the lien of thie Deed of Trugt and all of
<br /> _ _—�.� ..we #.,..a.,.,�„n ha�nar raferred to herein as the "proper�y". �
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