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<br /> . �,s .1.�'�._ . 91—�102965 -��_�_
<br /> + •.ti� l`ON8TRUGTION 9ECURtTX AGREFMENT _,,,_
<br /> ':�.�. ��', '" ti -
<br /> , tr�� . n�. . . ACKNOWLEDGEMENT OF AEED OF TROS _�,_
<br /> . �`�' � -
<br /> . :�;.�
<br /> � •i"'a'�"� �'�` BORROWER READ THIS HEFURE SIGNING: `----�- ��
<br /> �.ry..�. , . �,,.,, -
<br /> � ' ,,�:�+."1,-•a r -' �lt;�en.=:----
<br /> Fi�a.ti�.\,:����'��
<br /> �� ��'k`��:;��;'� Borrowex, whether one or more, undexetanda that the document �'-`-z''_�=
<br /> �..,�:.:� . .
<br />�" .�� that the Borrower is about to execu�e is a Deed of Truet and not
<br /> ' �. � � .""� a mortqage and that the power of sale provided for in the Dee�f
<br /> �� �„�;� ' �. .�� Trust providea eubetantially different rights and obliqations to __.,' T ia_3
<br /> ��,, , the Borrower than a mortqaqe in the evea�t of a default or breach �._,.,��.`�._�� `r _
<br /> �' ���,'"'' .• ' ' of obliqation under the Deed of Trust, includling. but not limited �i� : : �. �.�--: .,�
<br /> to, the Lender's ralgh+t to have xhe Pro ert aold b the Trustee ��������' `
<br /> � P Y Y ��.',,,,•: � .
<br /> . ; ' ",.,;�'., without any judicial proceeding. Borrower represents �nd " •• � � _
<br /> .. '., 4 ., ,��. a�� warrants that this acknowledgement was executed by it before the .. •
<br /> • "������`.�: execution of the Desd of Tru�t
<br /> ,�: . �..:..
<br /> ' ,::'.;�:�G���:r��r'��;i�' , _
<br /> *i'i�','';;:j;i' � �...�..:�:.: �
<br /> . - � ''��i1-y�':',.;;�:.e��L.lj /� ' � . --
<br /> f� � :7�i' ;��:.3 f// aM�'
<br /> � „°'��a��;�,�' ",.'`• Hu . Stewart �. _-- ���
<br /> ,.... • . .'ltF��. . .:,,t:sra.
<br /> � �;,.�.�,?��Rk��..".�'�1s��} ,,�
<br /> ;s�vA . i ltCt .,`_ .1�
<br /> .'`^`;,j%�1� : �, ,+ PaCricia J. ewart '�� • .: ` _H'_�
<br /> � �;,SY1`;"i, ',',N���;y.��;1 "Borrower" �,�.•�'-'�^'T�.;:
<br /> �f�.: . ����� -R,.—p-m:-
<br /> •, '� �'��� .��t.1 .-•�1.�'��'. !�r'4 �C 'i.:l�.1�.:�.������
<br /> 5-��tf"�ti�y}�����������Y�' if`�Tll�}�.��t�Sr ����n
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<br /> i � CONSTRUCTION SECURITY AGREE�JENT r�`^��^%��i�•'f �•;�
<br /> �r ,;j����l�� IY4 �� �d DEED OF TRUST ��� ,�,Y.S�;,�,i
<br /> ,>,-�.;,� St!_:�'_ `n,,, .
<br /> •1� ��'is'a: �� �� .., �
<br /> .r'�� r't;: _ .�
<br /> �_ `�� �1�r;�l1�</-r- . ,',��f..-:"�
<br /> � �F ��i
<br /> .' � •� �"�%'���� Intending to cr�ate a Constructiom Secur�t� Intereat in ��• .��.�'�'.,.���'`�� _
<br /> a . �� � accordance wi�h the Nebraska Constructia�n Lien Act, this DEED OF �' . �;s�_;t�'+
<br /> ',�i<.
<br /> TRU3T is made aa of the lOth day of May , 19 91 , �y�d . ;
<br /> " among the Txustor,Huah D. Stewart 6 Patricia J. Stewart. huaband/a: e ,,,.., .,..;i ��
<br /> , � , mailing address is 802 Mn s7�a11 Str. Wood River NE 68883 '
<br /> '�._�;i,;;�i�':i,';.'.��.
<br /> • • (herein "Borroi�er", w et er one or more , t e Trustee, Arend ._ ���� �,� •�.� �
<br /> ,�.,�,,; , ., Baac � �' -.i�,: ' .
<br /> , Attorney at Law, whoae ma�l�g- �
<br /> ; �,;;��. a ress s p Bo I d NE 8 2 (herein � ��,
<br /> A;.','�f � "Trustee") , and the 8enef ciary, THE OVERLAND NATIONAL BANK OF �{,2�� �: � � •1 +•�
<br /> ����%� GRAND ISLANU, whose mailing address is 304 West Third Street, �;. �' -�:.
<br /> , ` P. 0. Box 1688, Grand Island, Nebraska 68802-1688 (k�erein ' ' '���=�
<br /> ti: � � ,�,.-
<br /> ' � "Lender") . �� .. . . ,:;:,, ��Y:._
<br /> . �,��'�:YS'li r_.:-
<br /> ' � FOR VALUAHLE CONSIDERATION, including the indebtedness t . �:TA:="---_
<br /> t�'�� � �;�i����-`-
<br /> ' �� . � identified herein and trust herein created for the purpose of •, .' ,���,;.�:
<br />� �. ' makinq improvements to the real estate hereinafter deacribed, the �'�'' . ��� -
<br /> ''`'' ' �':�`�''�'� receipt of which is hereby acknowledged, Borrower hereby �+, � -
<br /> .•�.�..
<br /> � ;��;;,;�r irrevocably grants, transfera, conveys and assigns to Trustee, IN :°;�.: .
<br /> • �':'�;�•;i TRUST, WIxH POWER OF SALE, for the benef[it and security of • +•��. ...--�
<br /> •';;��i;`.!; Lender, under and aubject to the rerms and canditions hereinafter ; �• �r•� ` �
<br />„ • �`�:" ' �� aet forth, the real property, described as follows: � .
<br /> • �,:.,. ;, ,
<br /> t ,.t
<br /> , _;i;-`.,�',.� Lots Five (5) and Six (6). in Block Ten (10). Original Town. ''�.'
<br /> ,. ''".'' Now City of Woo River, Ha ounty, .e ras a
<br /> ,.;. .
<br /> •,�• �. ,
<br /> �'. '`•!; .,�
<br /> � ;i ta::�,�
<br /> .. ;'�:� .,�:• f � � .
<br /> � �:. �t;�,�_:
<br /> � �• ' Toqether with all buildings, imprc�vements, fixtures, �
<br /> ,:�� �� streets, al2eys, passageways, eaaements, rights, privileqes and
<br /> � ' � appurtenances located thereon or in anyw ise perta in ing t here to,
<br /> and the rents, fssues and prafits, reversions and remainders
<br /> . _ _ —_ • t. 7 .-�. er4a. Fh�t ;a aF�arhatl �n the
<br /> — .. ._ Lner�Oi� anu aui.n �,ci 6v:aa.,. p�..�......j
<br /> :improvements s� as to constitute a f.ixture, i�icludinq, but not
<br /> limited to, heating and coolinq eyuipment= at�d toqether witil� the
<br /> . "� homestead or marital interest3, if any� whic:h interests are
<br /> � hereby released an� waivedt alI of which, includinq rPplaCements
<br /> . and additioi�s Lhereto, is }�ereby declared to be a part af the
<br /> ' . real estate secured by the lier� of ttiis Deed of Trust and a11 0£
<br /> ' . the foreguf�ig being referred to herein as the "Property".
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