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THIS INSTRUMENT PREPARED BY:
<br />Home Federal Savings & Loan Association of
<br />Grand Island
<br />221 South Locust Street
<br />GRAND ISLAND, NE 68801
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<br />AFTER RECORDING RETURN TO:
<br />Home Federal Savings & Loan Association of
<br />Grand Island
<br />221 South Locust Street
<br />GRAND ISLAND, NE 68801
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<br />CONSTRUCTION SECURITY AGREEMENT
<br />FUTURE ADVANCES AND FUTURE OBLIGATIONS ARE SECURED BY THIS REAL ESTATE DEED
<br />OF TRUST
<br />This COMMERCIAL CONSTRUCTION REAL ESTATE DEED OF TRUST ( "Security Instrument ") is made on
<br />January 19, 2013 by the grantor(s) Brian J. Rasmussen, Husban, whose address is 4952 Fort Kearney Road,
<br />GRAND ISLAND, Nebraska 68801 , and Siara A. Rasmussen, Wife, whose address is 4952 Fort Kearney
<br />Road, GRAND ISLAND, Nebraska 68801 ( "Grantor "). The trustee is Arend R. Baack, Attorney whose address
<br />is P.O. Box 790, Grand Island, Nebraska 68802 ( "Trustee "). The beneficiary is Home Federal Savings &
<br />Loan Association of Grand Island whose address is 221 South Locust Street, Grand Island, Nebraska 68801
<br />( "Lender "), which is organized and existing under the laws of the United States of America. Grantor in
<br />consideration of loans extended by Lender up to a maximum principal amount of One Hundred Fifty
<br />Thousand and 00 /100 Dollars (U.S. $150,000.00) ( "Maximum Principal Indebtedness "), and for other valuable
<br />consideration, the receipt of which is acknowledged, irrevocably grants, conveys and assigns to Trustee, intrust,
<br />with power of sale, the following described property located in the County of Hall, State of Nebraska:
<br />Address: 121 Kaufman Ave, GRAND ISLAND, Nebraska 68801
<br />Legal Description: Lot Two (2), Commonwealth Business Park Sixth Subdivision, in the City of Grand
<br />Island, Hall 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 appurtenant to the above -
<br />described real property), 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 timber 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 DOCUMENTS. 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 Brian J. Rasmussen and Siara A. Rasmussen
<br />to Home Federal Savings & Loan Association of Grand Island, howsoever created or arising, whether primary,
<br />secondary or contingent, together with any interest or charges provided in or arising out of such indebtedness, as
<br />well as the agreements and covenants of this Security Instrument and all Related Documents (hereinafter all
<br />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 />0 2004 -2012 Compliance Systems, Inc. FCE 1 -84F1 - 20111,2.3.504
<br />Commercial Construction Security Instrument - DL4007 Page 1 of 5 - www.compliancesystems.com
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