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<br />__ : . ; , 3 � 91 � ..�.'e y- `,Fq.
<br /> . -1001 p 1 . -_�:•�.��-_,
<br /> l:ONBTRUCTION SECURITY AGREEMENT _�"��'•�
<br /> ' ACKNOWLEDGEMENT OF DEED OF TRUST
<br /> �`� f '�:a..��� --� -
<br /> % .;, •�_•�_:_�—
<br />___. BORROWER REAA THIS BEFORE SIGNINGs �..�:�-``"�'_- •�.
<br /> r �
<br /> , , ,
<br /> 4. ....
<br /> 8orrcwer, whether one or more, understands that the document f � ��� �•- -
<br /> ! that the Horrower is about to execute is a Deed of Trust and not '
<br /> a mortgage and that the power o� sale provided far in the Deed o� .
<br /> Trust pravides substantialLy different riqhts and obliqations to �
<br /> the Borrower than a mortqage in the event of a defau].0 or breach f
<br /> of obliqation under tihe Deed of Trust, including, but not limited �
<br /> to, the Lender's right �a have the Property aold by the Trustee
<br /> without any judicial proceedinq. Borrower represents and
<br /> � warrants that this acknowledqement was execu�.ed by it before the
<br /> ' execution of the Deed of Truat. � • ,•{���
<br /> , �
<br /> �. =� ' : ; .�::
<br /> ��
<br /> Ra ph E. Strua� •
<br /> � .� • '`'. ��.��tr I���P+.--- � ' �' �'�,,
<br /> �� ' '4��' Eli, beth B. Struss '� ,
<br /> ,,�.r�, "Borrower" •��>� �,
<br /> �: .:+''. r,,
<br /> CONSTRUCTION SECURITY AGREEMENT
<br /> �• DEED OF TRUST '
<br /> . k.,
<br /> . . , �'�.:; .
<br /> , �'%,;
<br /> ;.��;'� :�. ' Intenrling to create a Construction Secur3ty Interest in � r
<br /> ' � accardance with the Nebraska Construction Lien Act, this DEED nd
<br /> •� � }'��''`' `' TRUS� is made as o f t he 3rd d a 7� o f an�a v � 19..9 1� by � �
<br /> ,., ,•�. �.';�;, g
<br /> �, �;;;_ � Smol"S¢� the TlustOr', RalUh E. Struas taz•.d Elizabet��,�S t'"�=• ht�chandan�wlfe, '� ,
<br /> � '��; �� � _' mailing address is ;� � .
<br /> t . . : ,
<br /> (herein "Borrower , whether one or mare , �tae Trustee, Arend R. Baac :�
<br /> ' �1 , Attorney at Law, whose mai�I�n9 +
<br /> ad ress e P.o. Box 7 o G ^• (herein
<br /> ' "Trustee"1 • and the Benef ciary, THE OVERLAND NATIONAL BANK OF
<br /> P�O. Bo�1688 h�GrandilIsland arNebraska 046 802 1688rd(herein �
<br /> "Lender") .
<br /> � FOR taALUABL� �CONSIDERATION, includinq the is��3ebtedness � �
<br /> � �, ::,,,, identified herein and txust herein created for tfi��e purpose of . •
<br /> ; .'�r.� makinq improvements to the real estate hereinafter described, the ,
<br /> ;;�.: �� receipt of which is hereby acknowledged, Borrower hereby
<br /> �� , irrevocably qrants� trAnsfers, conveys and assiqns to Trustee, IN
<br /> TRUST, WITH POWER OF SALE, for the benefit and security of
<br /> , � Lender, under and subject to the terms and conditions hereinafter
<br /> � ''� set forth, the real property, described as follows:
<br /> :.ot Fortv-Nine (49), in Ravenwood Subdivision Hall
<br /> County ^:eh�aska .
<br /> i' �
<br /> , .
<br /> � ,
<br /> � :
<br /> �4 Together with aZl buildings, improvements, fixtures,
<br /> � streets, alleys, passageways, easements, rights, privileges and
<br /> '; appurtenances located t�nereon or in anywise pertaining thereto,
<br /> • andMthF r��.�$�„�hsoprsonal �Aropertv rthatsisn attachedmton the
<br /> ......_,..._, _
<br /> � improvements so as �to constitutP a fixture, inc�rsdinq, but not
<br /> limited tv, heating and cooling equipment; and toc�ether with the
<br /> ' homestead or marital fnterests�, if any, wIlich interests are
<br /> herQby released and waivedt �11 of whicll, 3ncl�sding replacements
<br /> and additions thereto, is hereby declared to b� 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 us the "Property".
<br /> '� �
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