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n m N <br />n n z x = <br />= D <br />Qn G �J <br />J ""rl <br />c� <br />W <br />4 +� <br />[Space Above This Line For Recording Data] <br />CONSTRUCTION SECURITY AGREEMENT <br />DEED OF TRUST <br />a <br />CD <br />Lt <br />rTl <br />C7 <br />ME <br />N <br />THIS DEED OF TRUST ( "Security Instrument ") is made on December 7 2000 <br />REIS CONSTRUCTION, INC. <br />( "Borrower "). The trustee is <br />FIRST FEDERAL LINCOLN BANK <br />( "Trustee "). The beneficiary is <br />FIRST FEDERAL LINCOLN BANK <br />which is organized and existing under the laws of THE UNITED STATES OF AMERICA <br />address is 1235 N STREET, LINCOLN, NEBRASKA 68508 <br />Ninety Five Thousand and no /100 <br />n(P <br />O —4 <br />C D <br />z m <br />-< O <br />T <br />S (TI <br />D M <br />r— <br />r n <br />cn <br />n <br />Cn <br />V) <br />0 <br />N <br />CZ) <br />CD <br />CD <br />F—A <br />CD <br />CT) <br />rn <br />cn <br />rn <br />W <br />N <br />a <br />ACA <br />C <br />CD <br />P <br />0110161130 <br />IV t <br />The trustor is <br />and whose <br />( "Lender "). Borrower owes Lender the principal sum of <br />Dollars (U.S. $ 95000.00 ). <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 January 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 ELEVEN (11), JEFFREY OAKS EIGHTH SUBDIVISION, <br />IN THE CITY OF GRAND ISLAND, HALL COUNTY, <br />NEBRASKA. <br />which has the address of 2216 NASHVILLE STREET GRAND ISLAND [street, City], <br />Nebraska 68801 [Zip Code] ( "Property Address "); <br />It is understood by the Borrower and Lender that this instrument, which is secured by the above referred property, is a <br />CONSTRUCTION SECURITY AGREEMENT; that it does or will secure an obligation which the Borrower has or will <br />incur for the purpose of making an improvement or improvements on property hereinbefore described; and that advances <br />made hereunder will be applied to the payment of the contract price of said improvements. <br />NEBRASKA - Single Family- FNMA /FHLMC UNIFORM <br />INSTRUMENT Form 3028 9/90 <br />-6R(NE) (9212).01 Amended 5/91 <br />VMP MORTGAGE FORMS - (800)521-7291 ' <br />Page 1 of 6 Initials: /'� <br />r <br />3028C.frm 3/99 <br />