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<br /> CONSTRUCTION SECURITY AGREEMENT
<br /> DEED OF TRUST
<br /> Intending to create a Construction Security Interest in �
<br /> accordance with the Nebraska Construction Lien Act, this DEED OF
<br /> TRUST is made as of the 6th day of �_�_M_�a�_y__ , H19 99 , b d
<br /> Rudolf�'-'PTate and Jeanni—`ce R: a e, us�a�nd an����
<br /> among the Trustor, �;� � p�a�T���,�.��� �e�se� '
<br /> mailing address is 2608 Old Fair Road, Grand Island. NE 68803 _
<br /> (herein "Borrower" , whether one or more) , the Trustee, The overland
<br /> • National Bank of Grand Island , R���I�X�X��, whose mailing
<br /> address is P. 0. Box 1688, Grand Island, NE 68802 (herein
<br /> "Trustee") , and the Beneficiary, THE OVERLAND NATIONAL BANK OF
<br /> GRAND ISLAND, whose mailing address is 304 West Third Street,
<br /> P. O. Box 1688 , Grand Island, Nebraska 68802-1688 (herein
<br /> "Lender") .
<br /> FOR VALUABLE CONSIDERATION, including the indebtedness
<br /> identified herein and trust herein created for the purpose of
<br /> making improvements to the real estate hereinafter described, the
<br /> receipt of which is hereby acknowledged, Borrower hereby
<br /> irrevocably grants, transfers, conveys and assigns 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 /> Lot Twenty Three(23) Hidden Lakes Subdivision No. Four
<br /> (4) , Hall County, Nebraska excepting therefrom a tract
<br /> of land more particularly described in Warranty Deed
<br /> recorded as Document No. 98-108618
<br /> �
<br /> Together with all buildings, improvements , fixtures,
<br /> streets , alleys, passageways, easements, rights , privileges and
<br /> appurtenances located thereon or in anywise pertaining thereto,
<br /> and the rents , issues and profits, reversions and remainders
<br /> thereof, and such personal property that is attached to the
<br /> improvements so as to constitute a fixture, including, but not
<br /> limited to, heating and cooling equipment; and together with the
<br /> homestead or marital interests, if any, which interests are
<br /> hereby released and waived; all of which, including replacements
<br /> and additions thereto, is hereby declared to be 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 as the "Property" .
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