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<br />THIS INSTRUMENT CONSTITUTE=S A CONSTRUCTION�SECURITY INTEREST
<br />UNDER THE NEBRASKA CONSTRUCTION LIEN ACT
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<br />THIS INSTRUMENT CONSTITUTE=S A CONSTRUCTION�SECURITY INTEREST
<br />UNDER THE NEBRASKA CONSTRUCTION LIEN ACT
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<br />DEED OF TRUST,
<br />AND CONSTRUCTION SECURITY AGREEMENT
<br />THIS DEED OF TRUST ( "Security Instrument ") is made on January 17 ,
<br />1989 The trustor is Darwin D. Katzberg and Connie F. Katzberg , each in his and her own — (�
<br />right, and as spouse of each other (.Borrower ").The trustee is Earl 0. Ahlschwede
<br />(-Trustee "). The beneficiary is
<br />The Equitable Building and Loan Association. which; or� ?niz�d ndexisting
<br />under the laws of the State of Nebraska , and whose address is 113 -11a Worth Vocust, `
<br />Grand Island, Nebraska, 68801
<br />(•Lender'
<br />Borrower owes Lender the }principal sum of Twenty Eight Thousand and no/100 -----------------------
<br />---------------------------- Dollars (U.S. $ 28, 000.00 ), This debt is evidenced by Borrower's note
<br />dated the same date as this Security Instrument ( "Note "), which provides for monthly payments, with the full debt, if not
<br />paid earlier, dur and payable on as evidence by note.
<br />This Security Instrument secures to Lender: (a) the repayment of the debt evidenced by the Note, with interest, and all
<br />renewals, extensions and modifications; (b) the payment of-all other sums, with interest, advanced under paragraph 7 to
<br />protect the security of this Security Instrument; and (c) the performance of Borrower's covenants and agreements. For this
<br />purpose, Borrower irrevocably grants and conveys to Trustee, in trust, with power of sale, the following described property
<br />located in Hall County, Nebraska:
<br />A tract of land in Lot One (1) Mainland, Section,Eleven (11); Lots Three (3) and Four
<br />(4) Island, Section 11; and the Southwest Quarter (SW%Q Island, Section Eleven (11),
<br />all in Township Ten (10) North, Range Ten (10) West of the 6th P.M., Hall County,
<br />Nebraska, and more particularly described as follows: Commencing at the Northwest
<br />corner of Mainland Section Eleven (11), Township Ten (10) North, Range Ten (10) West;
<br />thence S 0 Degree 23' 00" W along the West line of the Northwest Quarter (NAA) of
<br />said Mainland Section Eleven (11), a distance of Eight Hundred Sixty Six and Four
<br />Hundredths (866.04) Feet; thence S 89 Degrees 37' 00" E, a distance of Eight Hundred
<br />Seventy Five and Seventy Five Hundredths (875.75) Feet to the point of beginning;
<br />thence continuing S 89 Degrees 37' 00" E, a distance of Seven Hundred Sixteen and
<br />Thirty Hundredths (716.30) Feet; thence.South 0 Degree 27' 15" W, a distance of One,
<br />Thousand Two Hundred Thirty Two and Sixt'y',Nine Hundredths (1,232.69) Feet'to the
<br />centerline of a Thirty and No Hundredths..'(30.011) Feet wide Easement for Roadway Pur-
<br />poses; thence S 50 Degrees 01' 30" W along the centerline of said Thirty Foot Ease -
<br />meht, a distance of Nine Hundred Thirty Seven and Forty Three Hundredths (937.43)
<br />Feet; thence N 0 Degree 23' 00" E, a distance of One Thousand Eight Hundred Thirty
<br />Eight and Fifteen Hundredths (1,838.15) Feet to the point of beginning.
<br />which has the address of Route 2, Box 77A Grand. Island ,
<br />[screeg [City)
<br />Nebraska 68803 ( "Property Address ");
<br />[2.p Code[
<br />TOGETHER WITH all the improvements now or hereafter erected on the property, and all easements,, rights, '
<br />appurtenances, rents, royalties, mineral, oil and gas rights and profits, water rights and stock and all fixtures now or
<br />hereafter a part of the property. All replacements and additions shall also be covered by this Security Instrument. All of the
<br />foregoing is referred to in this Security Instrument as the "Property."
<br />BORROWER COVENANTS that Borrower is lawfully seised of the estate hereby conveyed and has the right to grant
<br />and convey thy.: Property and that the Property is unencumbered, except for encumbrances of record. Borrower warrants
<br />and will defend generally the title to the Property against all claims and demands, subject to any encumbrances of record.
<br />THIS SECURITY INSTRUMFNT combines uniform covenants for national use and nonuniform co:•enant% with
<br />limited variations by jurisdiction to constitute a uniform security instrument covering real property.
<br />NEBRASKA-- Sing;C $army - FNMA /FHLMC UNIFORM INSTRUMENT form 3028 12183
<br />7 �n08ti3 020f •.. � RDO 7t19 P80�
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