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<br />_ ':T,.� CONSTRUCTION 3ECURITY AGREEMENT
<br /> ''% � bEED OF 'PRUST
<br />_ . 4
<br /> � ..;.; in�ending to create a Construation secur3ty Intereat in
<br />` .,, .;� accordance with t1�e Nebraska C�ns�ruc�ion Lien Act, thia DEED Or
<br />,�„�.:�::_,.;:., mRUST is made �a oE the 19ttr day of Septembar , ig 97 ,ab����
<br />" - ' amonq tlte Trltstor, How�rd_ ._ assett snd De nn asse Husb�'t�d �
<br /> �e:� sooe=! �r�:e6eri--dr�-�--e��H�ee�r o�—�oasen
<br />- ,�:'-•F='�`�• mailing address is ��o/ - llth Avenue. Kearne NE 68847 ,
<br />�6�'!Yi�_X4� M M
<br />�;:...,,;�.• (herein Borrower , w et er one or more , e Trustee,
<br /> -="'��-�---�}- • Arend R. saack , Attorney at Law, Nhose ma3l�nq r
<br />,::,.�.�.
<br /> "�=LL� a ress s P. 0. Box 790. Grand isiand, NE 68802 (herein
<br /> ��� ._ "Trustee") , and the Benef c ary, THB OVERLAND NATIONAL BANx OF
<br /> :-W���.,�
<br />���,,:�t�x�i •, GItAND ISLAND, whose mailing address is 304 West Third Street,
<br />--__;�;� . P. 0. Hox 1688, 6rand Island, Nebraeka 68802-1688 (herein
<br /> _-•-- "Lender") .
<br />---_'�;� ,
<br />--�.:<,� .
<br /> -"=�*� F'OR VALUAHLE CONSIbERATION, includinq the indebtednees -
<br /> ---- ; identif 3.ed herein and trust herein areated for the purpoge of
<br /> � : making improvementa to the real eetate hereinafter deseribed� the
<br /> receipt of which is hereby aaknowledged, Borrower hereby
<br /> irrevocably granta, transfers, conveys and•assigris to Truatee, IN
<br /> � TRUST, WITH POWER OF 3ALE, for �he benefit and security of
<br /> ' ' Lender, under anc� subject to the terms and cond3tions hereinaficer
<br /> � set forth, the real property, described as follawas
<br /> �- " Lot Eighteen (18), Indianhead Subdivision in the city of
<br /> Grand Island. Hall County. Nebraska
<br /> ,
<br /> --=--= ' 1
<br /> —=� i
<br /> --=:�:� ..' Together with all buildinge, impxovemente� fixturae�
<br /> —_�===;„,�; � etreete, alleye, passagewnys, ensemente, riqhts, prl,vilegee r�nd
<br />__.,�-�'�r�'� appur�enances located thereo� or in attytaise pertaining thereto,
<br />_- ��;-•� and the rent8, iseues and profite, revereior►e end remainders
<br /> - '�' ,'"' thereof, and such pereonal property tihat ie nttached to the
<br /> _k,; ....
<br /> i-�`��''-�`'� improvements ao as to aonetitutie �s fixture, including, but not
<br /> - `�� `�-'~ limited to, heatinq nnd aooling equipment� and together with the
<br />"`���'-"-'�'`�'"`' homeetead or marital intereete i! an whiah interaeta are
<br /> �-��,�•,-.:�..,:; � Y r
<br /> ""_;,��: hereby releaeed and weivedt all of whioh, inaluding replaoemen�e
<br />- ___._.�_ I� and additions thereto, f.s hereby declared to be a part o� the
<br /> _����:.-=` zeal estate 8ecure4 by tne �iion o= taie beeci o� TrVat arid all eg
<br /> _':.:.,:: :•� the foregoing being referred to herein as tihe "Froperty" .
<br /> _-;�:�n
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