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<br /> . � " CONSTRUCTION BECURITY A(iREEM£NT
<br /> . . ti .� J� .E E N DSBp R
<br /> gl-- 102119 �`{��-
<br /> .d . .�,�.�_.
<br /> a- BQRROWER READ THIB 9EFORE 8IaNIN(3t � ��;a--...-r --�� _,
<br /> r,... � � Horrower, whether one or more, understands �hat the documenti ��'�` �`T�'i"
<br /> ' � that the HorrowQr is about to execuCe is a Deed of Truat and not �
<br /> ^ a mortigage and that the power of sale provided for in the Deed of ,,,�,�,
<br /> , Truat provl.des substantially difEerent rights and obliqations to �;.'•�,�lA=-.._�
<br /> � the 9orrower than a mortqaqe in the event of a default or breach � .���r_;
<br /> . ._,.:;i.:.R: �.:
<br /> of obligation under the Deed of Trust, including, but �ot limited �
<br /> to, the Lender's right to have the Property sold by the Trustee � ���
<br /> �" :.,:� w,�,���
<br /> withaut any judicial proceeding. Horrower represents and -'�'
<br /> warrants that this acknowledgement was executed by it before the �.. .__�•��y��--
<br /> � ���._:�.r�:
<br /> � BXBCIat�OA of the Deed of Trust. � �-�' >�^'�a��
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<br /> � , � ��1i``'l��yi,�fn •1.-^ _ � v'\ .__—�j % , v,l , ;g�'�'+iR7`_
<br /> ,�� � ` t �r��}i�F` � Arend R. Baack a., � f .
<br /> tr F i�r l�s ,� �� �: � .� � � s' ,
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<br /> ,,�; ;�;�j,�t.,, �;•,� , �1 � , ;� ,,).:::,.
<br /> �„ ,��?;;.';,,� '`" ail E. Baack ' w ,',;,;. " , ,;i:�;--
<br /> ����:�, � � - "Horrower i �,��:,,�.;:;�' t, .,
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<br /> �. � .. �_�'�C�,�a C�_ �11 � l": •i-
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<br /> � , ;?��Y'�� �• CONSTRUCTION ��CURITY AGREEMENT ` j
<br /> j , ';�,.,�.�'.; ;';�'
<br /> _ 'i�:' D EI� OF TdtUST � ',�,.R;;: '1
<br /> - °;�- � �'(;��;; ,
<br /> . ;ti'.T .:,�,�;'•:.�'�
<br /> t••�•'�•:.�.,��;,�;,, ,',��. ,
<br /> � � Intending to create a Construction Security Interest in ti�: . ,.,� �� _.
<br /> ; .,,. . .: • ; , yr t'.� �
<br /> accor8ance with the Nebxaska Construction Lien Act, this DEEU OF : ..�., ;'s� .�.�
<br /> TRUST is made as of the 11cIL day of n.�ri� , 19 91, by and � ,
<br /> � � among the Trustar, �Pnd R Raael� and [`a�7 F Raark huahs�nd �. m1�g WhOBH ,
<br /> ' mailing address is � ' �
<br /> � (herein "Borrower", w sther one or more , t e Trustee, Michael L.
<br /> . i $
<br /> Johnson , Attorney at Law, whose ma3�I�g—
<br /> ad ress s P.O. eox 790. Grand Island NE 68802 (herein ' ��
<br /> �� " t�e" and t e Bene c ary, THE OVERLAND NATIONA BANK OF `��_
<br /> Trus ) � Third Street, , "`—',-.
<br /> • � GRAND ISLAND, whose mai].ing address is 304 West :a�_
<br /> . �� "• �l� . . � " P. O. Box 1688, Grand Island, Nebraska 68802-1688 (herein ,.,.,,;�_��,
<br /> . ,. , "Lender") . � _
<br /> . , i
<br /> ' '' FOR VALUABLE CONSIDERATION, including the indebtedness , �,:
<br /> • identi�ied herein and trust herein created for the purpose of �; ti
<br /> � making irnpravements to the real estate hereinaEter described, the � , , .�:;;.�
<br /> ,'; ,. �.,,..
<br /> receip�t of which is hereby acknowledged, Sorrower hereby '; "',1��
<br /> �` irrevocably grants, transfers, conveys and aseigns to Trustee, IN - _���
<br /> � T3tOST, WITH POWER OF SALE, for the benefit and security of
<br /> � Lender, under a.nd sub�ect to the terms and conditions hereinaft�er � . , ���
<br /> � r' � , set foxth, the real property► described as followss , =�T
<br /> i Lot Thirty-Five (35), Regenc B the Green Subdivisian, ':
<br /> aa A ition to the Cit� of Grand Island, flall Count .
<br /> i e a'a� a. � .
<br /> i
<br /> 1 . .�
<br /> Toqether with all buildinqs, improvements, fixtures, �L,
<br /> � streets, alleys, passaqeways, easements, riqhts� privileges and
<br /> � appurtenances located thereon or in anywise pertaininq thereto, �
<br /> and the rents, issues and profits, reversions and remainders
<br /> _, ...... «►,�� ;,c attached to the
<br /> . thereof, dAC] SuCn per5�i+ai 'p::.r��..j "'_' __
<br /> � impxovements so as to constit�ate a fixture, including, but ner� �r
<br /> '' Limited to, heating and cooli�n� equipment; and toqether with t�u�e
<br /> � homestead ar marital interests� if any, whach interests ar�e
<br /> ' . � hereb}r released and waived; all of which, including replacements
<br /> � • and additions thereto, is hereby dec2ared to be a part of the
<br /> � real estate secured by the lien of this Deed of Trust and all of
<br /> the foregoinq being referred to herein as the "Property".
<br /> �
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