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Z <br />Cb <br />200108746 <br />m <br />.n n <br />_, Z D <br />n n Z <br />Z <br />m CA N <br />n = •• <br />(✓� <br />n'1 <br />rn <br />r; <br />O <br />— [Space Above This Line For Recording Data] <br />CONSTRUCTION <br />SECURITY AGREEMENT <br />DEED <br />OF TRUST <br />0 <br />H <br />C <br />C� <br />W <br />0 <br />__0 <br />Z3 <br />F-" <br />N <br />n (n <br />GJ —1 <br />C A <br />C5 <br />`ri <br />.L. <br />-_+ rn <br />r z� <br />r <br />Gn <br />ca <br />CZ) <br />N <br />Q <br />0 <br />H <br />O <br />OD <br />c� <br />sC <br />co <br />0 <br />J <br />0110167578 � <br />It is understood by the Borrower and Lender that this instrument, which is secured by the below referred property, is a <br />CONSTRUCTION SECURITY AGREEMENT; that it does or will secure an obligation which the Borrower has or will incur for <br />the purpose of making an improvement or improvements on property hereinafter described; and that advances made hereunder will <br />be applied to the payment of the contract price of said improvements. <br />THIS DEED OF TRUST ( "Security Instrument ") is made on August 24th, 2001 The trustor is <br />Reis Construction Inc <br />( "Borrower "). The trustee is FIRST FEDERAL LINCOLN BANK <br />( "Trustee "). The beneficiary is FIRST FEDERAL LINCOLN BANK <br />which is organized and existing under the laws of UNITED STATES OF AMERICA and whose <br />address is 1235 N STREET LINCOLN NE 68508- <br />( "Lender "). Borrower owes Lender the principal sum of <br />NINETY FIVE THOUSAND AND 00 /100 <br />Dollars (U.S. $ 95, 000. 00 ). <br />This debt is evidenced by Borrower's note dated the same date as this Security Instrument ( "Note "), which provides for <br />monthly payments, with the full debt, if not paid earlier, due and payable on August 1, 2002 <br />This Security Instrument secures to Lender: (a) the repayment of the debt evidenced by the Note, with interest, and all renewals, <br />extensions and modifications of the Note; (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 />LOT THIRTY -FIVE (35), JEFFREY OAKS EIGHTH SUBDIVISION, IN THE CITY OF GRAND ISLAND, <br />HALL COUNTY, NEBRASKA <br />which has the address of 4122 Norseman Avenue <br />Grand Island [City], Nebraska 68803 <br />NEBRASKA - Single Family- FNMA /FHLMC UNIFORM <br />- 6R(NE) (9212(.04 INSTRUMENT Form 3028 9/90 <br />Amended 5/91 <br />® VMP MORTGAGE FORMS - (800)521 -7291 <br />Page 1 of 6 Initials: <br />[zip Code] ( "Property Address "); <br />[Street] <br />