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<br /> WHEN RECORDED MAIL TO: �.1 � �,,,v o ''♦
<br /> UNITED NEBRASKA BANK � cra O o
<br /> 700 N WEBB RD �
<br /> PO BOX 5018
<br /> GRAND ISLAND,NE 68802
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<br /> SPACE ABOVE THIS LINE IS FOR RECORDER'S USE ON�Y
<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 JANUARY 13, 2000, among PATRICK O'NEILL, AN UNMARRIED INDIVIDUAL,
<br /> whose address is 1002 S SHADY BEND RD, 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 Beneflciary, 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 affoced buildings, improvements and fixtures;all easements, rights of way,and appurtenances; all water, water rights and
<br /> ditch rights(including stock in utilities with ditch or irrigation rights);and all other rights,�r�oyalties and profits relating to the real propery, including
<br /> without limitation all minerals, oil, gas, geothermal and similar matters, IOCated 'In h1ALL �OUnty, State of Nebraska (tf�e "Real
<br /> Property"):
<br /> THE NORTHEAST QUARTER OF THE SOUTHEAST GIUARTER (NE1/4SE1/4) LYING SOUTH OF THE
<br /> RAILROAD CROSSING, SECTION TWENTY-FOUR (24), TOWNSHIP ELEVEN (11) NORTH, RANGE NINE
<br /> (9) WEST OF THE 6TH P.M., HALL COUNTY, NEBRASKA EXCEPTING THEREFROM LOT ONE (1)
<br /> EPPERT SUBDIVISION AND LOT ONE (1) EPPERT SECOND SUBDIVISION, HALL COUNTY, NEBRASKA.
<br /> The Real Property or its address is commonly known as 1516 SOUTH GUNBARREL RD, GRAND ISLAND, NE
<br /> 68801.
<br /> Trustor presently assigns to Lender(also known as Beneficiary in this Deed of Trust)ail 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 defined 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 mean amounts in
<br /> lawful money of the United States of America.
<br /> Beneficiary. The word "Beneficiary" 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 /> Guarontor. 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.
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