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c� <br />M n <br />C m CA r <br />i D z _ o� Q CD <br />ry CD <br />o ° a <br />I "a p —n ° V) <br />w -n <br />o z M y <br />CD <br />CM <br />�-t <br />N C.7 C11 CD <br />p Z <br />� co <br />[Space Above This Line For Recording Data] — <br />CONSTRUCTION SECURITY AGREEMENT <br />DEED OF TRUST <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 incur for <br />the purpose of making an improvement or improvements on property hereinbefore described; and that advances made hereunder <br />will be applied to the payment of the contract price of said improvements. <br />THIS DEED OF TRUST ( "Security Instrument ") is made on November 9th, 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 SIX THOUSAND SIX HUNDRED AND 00 /100 <br />Dollars (U.S. $ 96 , 600.00 ). <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 November 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 -four (34), Jeffrey Oaks Eighth Subdivision, in the City of Grand Island, <br />Hall County, Nebraska. <br />which has the address of 4128 Norseman Avenue <br />Grand Island [City], Nebraska 68803 <br />NEBRASKA - Single Family- FNMA /FHLMC UNIFORM <br />INSTRUMENT Form 3028 9/90 <br />IM -6R(NE) (9212).04 Amended 5/91 <br />M VMP MORTGAGE FORMS - (800)521 -7291 <br />Page 1 of 6 Initials <br />[zip Code] ( "Property Address "); <br />[Street] <br />L <br />