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<br />Account No.173 8881196524
<br />Construction Security Agreement
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<br />First Union National Bank of Delaware
<br />8740 Research Drive
<br />Suite C
<br />Charlotte, NC 28288 -0097
<br />DEED OF TRUST
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<br />THIS DEED OF TRUST is made this day of August 30, 2000, among the Grantor, ROGER L. OLSON, and
<br />'TWILA J. OLSON, HUSBAND AND WIFE AS JOINT TENANTS (herein "Borrower "), and
<br />FIRST AMERICAN TITLE INSURANCE COMPANY , whose address is (herein "Trustee "), and the
<br />Beneficiary, First Union National Bank of Delaware, a national banking association organized and existing
<br />under the laws of the United States of America, whose address is One Rodney Square, 920 King Street,
<br />Wilmington, DE 19801 (herein "Lender ").
<br />WHEREAS, Borrower is indebted to Lender in the principal sum of U.S. $116,000.00, which indebtedness is evidenced
<br />by Borrower's note dated August 30, 2000 and extensions, modifications and renewals thereof (herein "Note "), providing
<br />for monthly installments of principal and interest, with the balance of indebtedness, if not sooner paid, due and payable on
<br />September 05, 2015;
<br />TO SECURE to Lender the repayment of the indebtedness evidenced by the Note, with interest thereon; the payment of all
<br />other sums, with interest thereon, advanced in accordance herewith to protect the security of this Deed of Trust; and the
<br />performance of the covenants and agreements of Borrower herein contained, Borrower does hereby grant and convey to
<br />Trustee in trust with power of sale the following described property located in the County of HALL, State of Nebraska:
<br />LOT 1, IN SPELTS- SCHULTZ ADDITION TO THE CITY OF GRAND ISLAND, HALL COUNTY, NEBRASKA.
<br />which has the address of 624 EAST BISMARK RD GRAND ISLAND, NE 68801
<br />(herein "Property Address ");
<br />TOGETHER with all the improvements now or hereafter erected on the property, and all easements, rights, appurtenances
<br />and rents all of which shall be deemed to be and remain a part of the property covered by this Deed of Trust; and all of the
<br />foregoing, together with said property (or the leasehold estate if this Deed of Trust is on a leasehold) are hereinafter referred
<br />to as the "Property."
<br />230792 (Rev 07) Page 1 (01/97) NE FR/ARM/PEL Deed
<br />177 RRA119/121i
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<br />Account No.173 8881196524
<br />Construction Security Agreement
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<br />First Union National Bank of Delaware
<br />8740 Research Drive
<br />Suite C
<br />Charlotte, NC 28288 -0097
<br />DEED OF TRUST
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<br />THIS DEED OF TRUST is made this day of August 30, 2000, among the Grantor, ROGER L. OLSON, and
<br />'TWILA J. OLSON, HUSBAND AND WIFE AS JOINT TENANTS (herein "Borrower "), and
<br />FIRST AMERICAN TITLE INSURANCE COMPANY , whose address is (herein "Trustee "), and the
<br />Beneficiary, First Union National Bank of Delaware, a national banking association organized and existing
<br />under the laws of the United States of America, whose address is One Rodney Square, 920 King Street,
<br />Wilmington, DE 19801 (herein "Lender ").
<br />WHEREAS, Borrower is indebted to Lender in the principal sum of U.S. $116,000.00, which indebtedness is evidenced
<br />by Borrower's note dated August 30, 2000 and extensions, modifications and renewals thereof (herein "Note "), providing
<br />for monthly installments of principal and interest, with the balance of indebtedness, if not sooner paid, due and payable on
<br />September 05, 2015;
<br />TO SECURE to Lender the repayment of the indebtedness evidenced by the Note, with interest thereon; the payment of all
<br />other sums, with interest thereon, advanced in accordance herewith to protect the security of this Deed of Trust; and the
<br />performance of the covenants and agreements of Borrower herein contained, Borrower does hereby grant and convey to
<br />Trustee in trust with power of sale the following described property located in the County of HALL, State of Nebraska:
<br />LOT 1, IN SPELTS- SCHULTZ ADDITION TO THE CITY OF GRAND ISLAND, HALL COUNTY, NEBRASKA.
<br />which has the address of 624 EAST BISMARK RD GRAND ISLAND, NE 68801
<br />(herein "Property Address ");
<br />TOGETHER with all the improvements now or hereafter erected on the property, and all easements, rights, appurtenances
<br />and rents all of which shall be deemed to be and remain a part of the property covered by this Deed of Trust; and all of the
<br />foregoing, together with said property (or the leasehold estate if this Deed of Trust is on a leasehold) are hereinafter referred
<br />to as the "Property."
<br />230792 (Rev 07) Page 1 (01/97) NE FR/ARM/PEL Deed
<br />177 RRA119/121i
<br />
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