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<br /> WHEN RECORDED MAIL TO:
<br /> UNITED NEBRASKA BANK
<br /> 700 N WEBB RD ���Z�C��O
<br /> PO BOX 5018 0
<br /> GRAND ISLAND,NE 68802
<br /> _,% �
<br /> ��
<br /> SPACE ABOVE THIS LINE IS FOR RECOfiDER'S USE ONLY
<br /> DEED OF TRUST
<br /> THIS DEED OF TRUST IS A CONSTRUCTION SECURITY AGREEMENT
<br /> WITHIN THE MEANING OF THE NEBRASKA CONSTRUCTION LIEN ACT
<br /> THIS DEED OF TRUST IS DATED JUNE 14, 1999, among CHARLES RUSSELL DeWI1T JR and KRISTI LYNN
<br /> DeWITT, HUSBAND AND WIFE, whose address is 514 KENNEDY PLACE, GRAND ISLAND, NE 68803 (referred
<br /> to below as "Trustor"); UNITED NEBRASKA BANK, whose address is 700 N WEBB RD, PO BOX 5018, GRAND
<br /> ISLAND, NE 68802 (referred to below sometimes as "Lender" and sometimes as "Beneficiary"); and UNITED
<br /> NEBRASKA BANK, whose address is 700 N WEBB RD, PO BOX 5018 / GRAND ISLAND, NE 68802 (referred to
<br /> below as "Trustee").
<br /> CONVEYANCE AND GRANT. For valuable consideration, Trustor conveys to Trustee in trust, WITH POWER OF SALE, for the benefit of
<br /> lender as BenefiClary, all of Trustor's right, title, and interest in and to the following described real property, together with all existing or
<br /> subsequently erected or a�xed buildings, improvements and fixtures; all easements, rights of way,and appurtenances; all water,water rights and
<br /> ditch rights (including stock in utilities with ditch or irrigation rights);and all other rights, royalties and profits relating to the real prope including
<br /> without limitation all minerals, oil, gas, geothermal and similar matters, IoCeted In HALL �OUnty, State of Nebraska (t e "Reel
<br /> Property"):
<br /> LOT TWELVE (12), WESTWOOD PARK FOURTH SUBDIVISION, HALL COUNTY, NEBRASKA.
<br /> The Real Property or its address is commonly known as 4120 FAIDLEY DRIVE, GRAND ISLAND, NE 68803.
<br /> Trustor presently assigns to Lender(also known as Beneficiary in this Deed of Trust)all of Trustor's right,title,and interest in and to all present and
<br /> future leases of the Property and all Rents from the Property. In addition,Trustor grants Lender a Uniform Commercial Code security interest in the
<br /> Rents and the Personal Property defined below.
<br /> DEFINITIONS. The following words shall have the following meanings when used in this Deed of Trust. Terms not otherwise defined in this Deed of
<br /> Trust shall have the meanings attributed to such terms in the Uniform Commercial Code. All references to dollar amounts shall mean amounts in
<br /> lawful money of the United States of America.
<br /> Beneficiary. The word "Beneficiary" means UNITED NEBRASKA BANK, its sucCessors and assigns. UNITED NEBRASKA BANK also is
<br /> referred to as"Lender"in this Deed of Trust.
<br /> Deed of Trust. The words "Deed of TrusY' mean this Deed of Trust among Trustor, Lender, and Trustee, and includes without limitation all
<br /> assignment and security interest provisions relating to the Personal Property and Rents.
<br /> Guarantor. The word "Guarantor" means and includes without limitation any and all guarantors, sureties, and accommodation parties in
<br /> connection with the Indebtedness.
<br /> Improvements. The word "Improvements" means and includes without limitation all existing and future improvements, buildings, structures,
<br /> mobile homes affixed on the Real Property,facilities,additions,repiacements and other construction on the Real Property.
<br /> Indebtedness. The word"Indebtedness"means ail principal and interest payable under the Note and any amounts expended or advanced by
<br /> Lender to dischar�e obliflations of Trustor or expenses incurred by Trustee or Lender to enforce obliyetlons of Trustor under this Deed of Trust,
<br /> together with interest on such amounts as provided in this Deed of Trust.
<br /> Lender. The word"Lender"means UNITED NEBRASKA BANK,its successors and assigns.
<br /> Note. The word "Note" means the Note dated June 14, 1989, in the principal amount of $169,500.00 from Trustor to Lender,
<br /> together with all renewals,extensions,modifications,refinancings,and substitutions for the Note.
<br /> Personal Property. The words "Personal Property" mean all equipment, flxtures, and other articles of personal property now or hereafter
<br /> � .
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