|
�
<br />���
<br />—
<br />—
<br />N
<br />0 �
<br />� ..�
<br />N �
<br />0 ..��
<br />cn ��
<br />� ��
<br />W �
<br />�
<br />�
<br />.��
<br />�
<br />,;t
<br />��:�`_
<br />�;:�
<br />;i�
<br />' � x � a ' > � �� + .
<br />.. . a
<br />THIS INSTRLJMENT PREPARED BY:
<br />Home Federal Savings & Loan Association of
<br />Grand Island
<br />221 South Locust Street
<br />GRAND ISLAND, NE 68801
<br />�
<br />t` � r•.
<br />Q ' «� C7 Cl�
<br />,;� L � S ,� G D
<br />N
<br />D� G... z --�
<br />� r r - i , �-_ —+ r^ o
<br />�l0 � ,=�`_... �-' -< o �,
<br />o s, ` N c� - n
<br />p� ;: i'' _. C7 ` z N
<br />; :,
<br />" V e;> �,a .�. -z: r,t �
<br />t� .� �� - � y,. �zi
<br />, r .� �
<br />r ri � t :�
<br />.� U� CD
<br />�i t C.� D
<br />o .�, (-�.) � �
<br />�
<br />�y r w
<br />� ! (� C,rl
<br />CJ r' (n
<br />CJ7 +
<br />AFTER RECORDING RETURN TO:
<br />Home Fed�ral Savings & Loan Association of
<br />Grand Island
<br />221 5outh Locust Street
<br />GRAND ISLAND, NE 68801
<br />(Space Above This Line For Recording Data)
<br />CONSTRUCTION SECURITY AGREEMENT
<br />FUTURE ADVANCES AND FUTURE OBLIGATIONS ARE S�CURED BY THIS REAL ESTATE DEED
<br />OF TRUST
<br />This COMMERCIAL CONSTRUCTION REAL ESTATE DEED OF TRUST ("Security Inshument") is made on
<br />July 18, 2012 by the grantor(s) Santino R. Martinez, whose address is 4183 Indianhead Road, GRAND
<br />ISLAND, Nebraska 68803 , and Erin E. Martinez, whose address is 4183 Indianhead Road, GRAND ISLAND,
<br />Nebraska 68803 ("Grantor"). The trustee is Arend R Baack, Attorney whose address is P.O. Boz 790, Grand
<br />Island, Nebraska 68802 ("Trustee"). The beneficiary is Home Federal Savings & Loan Association of Gr$nd
<br />Island whose address is 221 South Locust Street, Grand Island, Nebraska 68801 ("Lender"), which is organized
<br />and existing under the laws of the United States of America. Grantor in consideration of loans extended by Lender
<br />up to a malcimum principal amount of Two Hundred Eighty Thousand and 00/100 Dollars ($280,000.00)
<br />("Maximum Principal Indebtedness"), and for other valuable consideration, the receipt of which is acknowledged,
<br />irrevocably grants, conveys and assigns to Trustee, in trust, with power of sale, the following described property
<br />located in the County of Hall, State of Nebraska:
<br />Address: 416 Beachwood Drive, GRAND ISLAND, Nebraska 68803
<br />Legal Description: Lot Eight (8), Westwood Park Eighth Subdivision in the City of Grand Island, Hall
<br />County, Nebraska
<br />Together with all easements, appurtenances abutting streets and alleys, improvements, buildings, fixtures,
<br />tenements, hereditaments, equipment, rents, income, profits and royalties, personal goods of whatever description
<br />and all other rights and privileges including all minerals, oil, gas, water (whether groundwater, subterranean or
<br />otherwise), water rights (whether riparian, appropriate or otherwise, and whether or not appurtena.nt to the above-
<br />described real properly), wells, well permits, ditches, ditch rights, reservoirs, reservoir rights, reservoir sites,
<br />storage rights, dams and water stock that may now, or at any time in the future, be located on and/or used in
<br />connection with the above-described real property, payment awards, amounts received from eminent domain,
<br />amounts received from any and all insurance payments, and tnnber which may now or later be located, situated, or
<br />affixed on and used in connection therewith (hereinafter called the "Property").
<br />This is a PURCHASE MONEY DEED OF TRUST.
<br />RELATED DOCiTMENTS. The words "Related Documents" mean all promissory notes, security agreements,
<br />prior mortgages, prior deeds of trust, business loan agreements, construction loan agreements, resolutions,
<br />guaranties, environmental agreements, subordination agreements, assignments of leases and rents and any other
<br />documents or agreements executed in connection with this Security Instrument whether now or hereafter existing.
<br />The Related Documents are hereby made a part of this Security Instrument by reference thereto, with the same
<br />force and effect as if fully set forth herein.
<br />INDEBTEDNESS. This Security Instrument secures the principal amount shown above as may be evidenced by a
<br />promissory note or notes of even, prior or subsequent date hereto, including future advances and every other
<br />indebtedness of any and every kind now or hereafter owing from Grantor to Lender, howsoever created or arising,
<br />whether primary, secondary or contingent, together with any interest or charges provided in or arising out of such
<br />indebtedness, as well as the agreements and covenants of this Security Instrument and all Related Documents
<br />(hereinafter all referred to as the "Indebtedness").
<br />FUTURE ADVANCES. To the extent permitted by law, this Security Instrument will secure future advances as if
<br />such advances were made on the date of this Security Instrument regardless of the fact that from time to time there
<br />may be no balance due under the note and regardless of whether Lender is obligated to make such future advances.
<br />CROSS COLLATERALI7.ATION. It is the expressed intent of Grantor to cross collateralize all of its
<br />Indebtedness and obligations to Lender, howsoever arising and whensoever incurred, except any obligation
<br />existing or arising against the principal dwelling of any Grantor.
<br />O 2004-2011 Compliance Syst�s, Iuc. CDBD-D999 - 2011L2.0.475
<br />Commerciel Congtruction Secmity Instrumeeott - DL4007 Page 1 of 5 www.complimmces}stems.com
<br />�
<br />�
<br />� � �
<br />� �
<br />a25 S �
<br />
|