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<br /> TIIIS INSTRUMENT PREPARED BY: AFTER RECORDING RETURN TO:
<br /> Home Federal Savings&Loan Association of Home Federal Savings&Loan Association of
<br /> Grand Island Grand Island
<br /> 221 South Locust Street 221 South Locust Street
<br /> GRAND ISLAND,NE 68801 GRAND ISLAND,NE 68801
<br /> (Space Above This Line For Recording Data)
<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 /> June 24, 2013 by the grantor(s) Larson Construction, Inc, a Nebraska Corporation, whose address is 505
<br /> Linden Avenue, GRAND ISLAND, Nebraska 68801 ("Grantor"). The trustee is Arend R. Baack, Attorney
<br /> whose address is P.O. Box 790, Grand Island, Nebraska 68802 ("Trustee"). The beneficiary is Home Federal
<br /> Savings & Loan Association of Grand Island whose address is 221 South Locust Street, Grand Island,
<br /> Nebraska 68801 ("Lender"), which is organized and existing under the laws of the United States of America.
<br /> Grantor in consideration of loans extended by Lender up to a maximum principal amount of Three Hundred
<br /> Ninety Thousand and 00/100 Dollars (U.S. $390,000.00) ("Maximum Principal Indebtedness"), and for other
<br /> valuable consideration, the receipt of which is acknowledged, irrevocably grants, conveys and assigns to Trustee,
<br /> in trust,with power of sale,the following described property located in the County of Hall, State of Nebraska:
<br /> Address: 4033 &4035 Sandalwood Drive,GRAND ISLAND,Nebraska 68803
<br /> Legal Description: Lot Nineteen (19) Westwood Park Seventh Subdivision to the City of Grand Island,
<br /> 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 Indebtedness and Security Instrument, whether now or
<br /> hereafter existing. The Related Documents are hereby made a part of this Security Instrument by reference thereto,
<br /> with the same 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 Larson Construction, Inc to Home Federal
<br /> Savings & Loan Association of Grand Island, howsoever created or arising, whether primary, secondary or
<br /> contingent, together with any interest or charges provided in or arising out of such indebtedness, as well as the
<br /> agreements and covenants of this Security Instrument and all Related Documents (hereinafter all referred to as the
<br /> "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 /> ©2004-2012 Compliance Systems,Inc.11354-44A7-2011L2 10.551
<br /> Commercial Construction Security Instrument-DL4007 Page 1 of 5 www.compliances}stems.com
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