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<br /> WHEN RECORDED MAIL T0: ` � ...� cc� r-�-
<br /> UNITED NEBRASKA BANK � � N O
<br /> 700 N WEBB RD
<br /> PO BOX 5018
<br /> GRAND ISLAND,NE 68802
<br /> � J
<br /> �
<br /> , �
<br /> SPACE ABOVE THIS LINE IS FOR RECORDER'S USE ONLY
<br /> DEED OF TRUST
<br /> THIS DEED OF TRUST IS A CONSTRUCTION SECURITY AGREEMENT
<br /> WITHIN THE MEANING OF THE NEBRASKA CONSTRUCTION LIEN ACT
<br /> THIS DEED OF TRUST IS DATED DECEMBER 31, 1999, among REIS CONSTRUCTION, INC., A NEBRASKA
<br /> CORPORATION, whose address is 1112 E HALL, GRAND ISLAND, NE 68801 (referred to below as "Trustor"); :
<br /> UNITED NEBRASKA BANK, whose address is 700 N WEBB RD, PO BOX 5018, GRAND ISLAND, NE 68802
<br /> (referred to below sometimes as "Lender" and sometimes as "Beneficiary"); and UNITED NEBRASKA BANK,
<br /> whose address is 700 N WEBB RD, PO BOX 5018 / GRAND ISLAND, NE 68802 (referred to below as
<br /> "Trustee").
<br /> CONVEYANCE AND GRANT. For valuable consideration,Trustor conveys to Trustee in trust, WITH POWER OF SALE, for the beneflt of
<br /> Lender as Beneficlary, all of Trustor's right, title, and interest in and to the following described real property, together with all existing or
<br /> subsequently erected or affixed buildings, improvements and foctures; all easements, rights of way,and appurtenances; all water,water rights end
<br /> ditch rights(including stock in utilities with ditch or irrigation rights);and all other rights, royalties and profits relating to the real properry, including
<br /> without limitation all minerals, oil, gas, geothermal and similar matters, IOCeted 'in HALL �OUnty, State of Nebraska (th@ "Reel :
<br /> Property"): :
<br /> LOT FIVE (5), JEFFREY OAKS SIXTH SUBDIVISION, IN THE CITY OF GRAND ISLAND, HALL COUNTY,
<br /> NEBRSKA.
<br /> The Real Property or its address is commonly known as LOT 5, JEFFREY OAKS SIXTH SUB, GRAND ISLAND,
<br /> NE 68803.
<br /> Trustor presently assigns to Lender(also known as Beneficiary in this Deed of Trust)all of Trustor's right, title,and interest in and to all present and
<br /> future leases of the Property and all Rents from the Property. In addition,Trustor grants lender a Uniform Commercial Code security interest in the
<br /> Rents and the Personal Property deflned below.
<br /> DEFINITIONS. The following words shall have the following meanings when used in this Deed of Trust. Terms not otherwise defined in this Deed of '
<br /> Trust shall have the meanings attributed to such terms in the Uniform Commercial Code. All references to dollar amounts shall rhean amounts in :
<br /> lawful money of the United States of America.
<br /> BeneHciary. The word "BeneBciary" means UNITED NEBRASKA BANK, its successors and assigns. UNITED NEBRASKA BANK also is
<br /> referred to as"Lender"in this Deed of Trust �
<br /> Deed of Trust. The words "Deed of Trust" mean this Deed of Trust among Trustor, Lender, and Trustee, and includes without limitation all
<br /> assignment and security interest provisions relating to the Personal Property and Rents. ^
<br /> Guarantor. The word "Guarantor" means and includes without limitation any and all guarantors, sureties, and accommodation parties in
<br /> connection with the Indebtedness.
<br /> Improvements. The word "Improvements" means and includes without limitation all existing and future improvements, buildings, structures,
<br /> mobile homes affixed on the Real Property,facilities,additions,replacements and other construction on the Real Property. :
<br /> Indebtedness. The word"Indebtedness"means all principal and interest payable under the Note and any amounts expended or advanced by
<br /> Lender to discharge obligations of Trustor or expenses incurred by Trustee or Lender to enforce obligations of Trustor under this Deed of Trust,
<br /> together with interest on such amounts as provided in this Deed of Trust. Specifically,without limitation,this Deed of Trust secures,in addition
<br /> to the amounts specified in the Note,all future amounts Lender in its discretion may loan to Trustor,to�ether with all interest thereon;however
<br /> in no event shall such futura advances (excluding-in-terest) exceed in the aggregate $10,000.00. The lien of this Deed of Trus#
<br /> shall not exceed at any one time $95,000.00.
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