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<br /> s��� D�ED OF TRUST
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<br /> -�'}� THIS DEED OF TRUST IS A CONSTRUCTION SECURITY AGREEMENT
<br /> °`"�;� WITHIN T11E MEANlNG OF THE NHBRASKA CONSTRUCTION LIEN ACT
<br /> � THIS DEED OF TRUST IS DATED DECEMBER 7, 1988, emonp Laraon Con�tructlon, Inc., s Nebr�uke
<br /> ,��_�.a� Corporation,whoae addrou la 606 Linden Ave.,�Grand Island,NE 68a01 (rebrred to betow as "Trustor"); U.S.
<br /> Bank Netbn�l As�ocl�tion, who�e addresa is 233 South 13th Street, Ltncoln, NE 6850a (refened to below
<br /> -�,�:�� sometime� at"Lender" end aomeUmes es "Beneflcisry"); and U.S. Benk Natbnal Asaocl�Uon,whoas addroa
<br /> -;,;;;;;oo��,� ts 1700 Famem Street,Omehe,Nebnske 68102(robrred to below es "Truatee").
<br />----�;r,:��
<br />�„_--�,,�',� �ONVEYANCE AMD GRANT. For vduable conNd�r�tlon,Truila convsys to Trwtee In truq,WITH POWER QF SALE,for tht benefN of
<br /> -i'�-• Lander er B�mfklery,all ot Trustors riqht, NBe, �nd Interest In and to the followlnp drsCribed raal property, topslMr wllh �N exlsUrq or
<br /> ���...�.• subspWnqy e�eCNd ot l}flx�d buNdlnps,Improvsments end flxtures;�II easemenb,�hls ol way,and appurtanarwes;all w�t�r,watar rlphb�nd
<br /> L,_`-'—
<br /> --- dNCh rfphb(InCludirp atack In utilitles wllh ditch or IrrlpRNon riphts);and ell olh�r hb,r�oy�Hks and rofits rNatlnp to tf►�nal prop�!y,Includl�?Q
<br />����— wflhout Bmliadon�N mlMtalY,oll,pas,p�oth�rmal und slmllar maHsrs, locete� In FIl111 G�OUII�I� SiKe Of ('Ie1X�ik� (�h0 ��ROa�
<br /> _�--?�---
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<br />-:�;,,�:r•�. Propertyr"): .
<br /> ..,v�wrawry_,. .
<br /> .._.ia�,�ttif��, ;.
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<br /> '���`�� ' Lot Fourteen (14),Indienhead Second Subdivialon in the City of Grand Islend.Hall County, Nebraske,
<br /> � .l� The Real Property of Ita eddreaa is eommonly known es 4168 Indlenheed Rd., Grend Islend, NE 68803. Ti►e
<br />� ReU Propxty tax IdentlAcation number Is unknown.
<br /> Trustw presontfy�asiflm to Lender(slso known as BeneNciary In this Deed of Trust)sll of Trustor's riyht,tltle,a�d interest In ond lo aIl present�nd
<br /> . �; future leases of the Property ind all Rents from lhe Property. In addition,Trustor grants Lender a Uniform Commercial Code securiy Interast in thu
<br /> • i Rents and the Personal Property deHned below.
<br /> ! DEFIHITIONS. The}ollowinp words shell have the lollowlrp meanlnps when used In this Deed ot Trust. Terms not ofherwlse deNned In this Deed of
<br /> �. 7rust shnll have Ihe meaninps nttributed to such lerms in the Uniform Commerciel Code. All references to dWlar amounts eh811 mean amounls In -
<br /> _ lewlul money o1 the Unitod States ot Americe. °
<br /> � B�n�}Iclqy, The wad'Ben�ACiary'meane U.S.Bank National Assoclatlon,Its suCCessors end assigns. U.S.Bank Nelional Associaflon also Is F=
<br /> � I retarred to es'Lender^in Ihis Deed ot Trust.
<br /> " Deed o}Trwt. The wads"Deed o}TrusY mean thls Deed ol Trust amonq Truslor, Lender,and Trustee,end InCludes withoul Ilmitadon a0 �
<br /> ' esslpnment�nd securtty Interest provisions relaAnq to Ihe Personal Properry and Rents. �.
<br /> � Gwrantor. The word"Guerentor" means and Includas wlthout Iimitatlon eny and all puaranton, sureHes,nnd sccommoaaaon parnn in �
<br /> conn�cHon wilh the Indebtedness. f
<br /> Improvementt. The wad 'Impravements"means and Includes without Ilmitatio�all existlny end future Improvemenls,buildin9s,structures, �[
<br /> moblle homes�H1xed on Ihe Resl Property,tacilitias,edditions,replecemenls and other constructlon on the Real Proparty, !�
<br /> Indebtedne�. The wad"Indebtedness"means all princlpel end Interest payable under the Note end eny amounls expencted a advrnad by � .
<br /> Lendar tu discharpe obliqatlons ol Trustor or axpenses incurred by Trustee or Lender to en}orce oblipations ol Trustor under this Deed of Trust, _
<br /> topelher wllh interest on such amounts as provided In Ihis Deed ol Trust. °
<br /> Lender. Tha word"Lender"means U.S.Bank Netfonal Assoclation,its successors end essigns.
<br /> Note. The word"Note"meene the Note dsted December 7,1090,In the principel emount of 5150,000.00 trom Trustor to Lender, -
<br /> lopelher wilh all renawols, extenslons, modlficadons, reBnancings, and substituAons lor the Note. NOTICE TO TRU5TOR: TNE NOTE -
<br /> CONTAINS A VANIABI.E INTEREST qATH. _
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