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<br />90--- 105449
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<br />CONSTRUCTION SECURITY AGREEMENT
<br />A- —001 ^ N OF D ED OF TRUST
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<br />BOAiMXR READ THIS BEFORE SIGNINGS
<br />ftww owero 'whether one or moireq, undocument stands that the document
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<br />that 0 *� Borrower lip, to `6xecuta is a Deed of Trust and not
<br />,z3wint',
<br />a wox�4&g* and that •tihe-p9*6V of sale provid4d for in the Deed o
<br />Trust provides substantially different rights and obligations to
<br />the Bo, rower than a aaartgagb, in the event of a default or breach
<br />; ; •,:' -t ";:
<br />of obXk #ation under the Deed of Trust, including, but not limiter)
<br />to, the 'Lender'o right to have the Property sold by the Trustee
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<br />V. q0:$ any Jgdlcfai proceeding. BorrowerW represents And
<br />to that this acknowledgement was executed by it before the
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<br />of the Deso {of Trust.
<br />J1W J acx�b�
<br />"borrower'"
<br />CONSTRUCTION SECURITY AGREEMENT
<br />�
<br />DEED OF TR
<br />Intending to create a Construction Security Interest in
<br />accordance with the Nebraska Construction Lien Act, this DEED OF
<br />TRUST is made as of the .Z� day of September , 19M _, by and
<br />along the Trustor, , whose
<br />mal,Ung address is 2 4 1 Mont Ir
<br />therein "Borrower ", whether one or more , e rustee,
<br />Arend R. , Attorney at Law, whose mailing
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<br />M3ress Is therein
<br />"Trustee "), and the Benef c ary, THE OVERLAND NATIONAL BANK OF
<br />GRAND 1SLRMD, whose mailing address is 306 Nest Third Street,
<br />P. O. Box 1688, Grand Island, Nebraska 60602 -1699 therein
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<br />"Lender").
<br />FOR VALUABLE CONSIDERATION, including the indebtedness
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<br />identified herein and trust herein created for the purpose of
<br />making improvements to the 'real estate hereinafter described, the
<br />zViceLpt of which is hereby acknowledged, Borrower hereby
<br />irrevocably grants, transfers, conveys and assigns to Trustee, IN
<br />TRUST, WITH POWER OF, SALE, for the benefit and security of
<br />Lander, under and subject to the terms and conditions hereinafter
<br />set forth, the real Property, described as follows:
<br />Lot Twenty Three (23) Regency by the Green Subdivision,
<br />to the Gity of Grand Island, Hall County.
<br />Together with all buildings, improvements, fixtures,
<br />tireets e. alleys, parGagewsysb easements, rights, privileges and
<br />.
<br />a** located ther++sapan or in anywise pertaining thereto,
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<br />�3rt0�nsu
<br />d #M rents, isdums and 'profits, reversions and remainders
<br />tihw;odf, and such 'Vertonxl property that is attached to the
<br />',.#Uprdveisents so as to constituter a fixture, including, but not
<br />ii.mited to, heating and cooling equipments and together with the
<br />Lhereby
<br />homestead or marital interests, if any, which interests are
<br />released and waivedt all of which, including replacements
<br />and additions thereto, is hereby declared to be a part of the
<br />real estate secured by the lien of this Deed of Trust and all of
<br />the foregoing being referred to herein as the "Property%
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