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<br />WHEN RECORDED MAIL TO: (n
<br />UNITED NEBRASKA BANK
<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 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 MARCH 31, 2000, among Adriane Jamie Watch and Jerry Lee Cahow - Watch,
<br />Wife and Husband, whose address is 1619 S Gretchen, Grand Island, NE 68803 (referred to below as
<br />"Trustor "); UNITED NEBRASKA BANK, whose address is 700 N WEBB RD, PO BOX 5018, GRAND ISLAND, NE
<br />68802 (referred to below sometimes as "Lender" and sometimes as "Beneficiary"); and UNITED NEBRASKA
<br />BANK, 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 benefit of
<br />Lender as Beneficiary, 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 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, rpyyalties and rofits relating to the real props includint
<br />without limitation all minerals, oil, gas, geothermal and similar matters, located In Hall down /, State of Nebraska (t @ Rea
<br />Property "):
<br />See Attached Exhibit "A"
<br />The Real Property or its address is commonly known as Pt. E 1/2 SW 1/4 24- 10-11, Grand Island NE 68803
<br />and 1619 S Gretchen, Grand Island, 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 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 />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, together with all interest thereon; however
<br />in no event shall such future advances (excluding interest) exceed in the aggregate $10,000.00. The lien of this Deed of TrusiE
<br />shall not exceed at any one time $210,000.00.
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