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<br /> WHEN RECORDED MAIL TO: ���Q
<br /> UNITED NEBRASKA BANK
<br /> 700 N WEBB RD
<br /> PO BOX 5018
<br /> GRAND ISLAND,NE 68802 �� 1 O�O ��
<br /> SPACE ABOVE THIS LINE IS FOR RECORDER'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 JULY 12, 1999, among REIS CONSTRUCTION, INC., A NEBRASKA
<br /> CORPORATION, whose address is 1112 E HALL, GRAND ISLAND, NE 68801 (referred to below as "Trustor");
<br /> UNITED NEBRASKA BANK, whose address is 700 N WEBB RD, PO BOX 5018, GRAND ISLAND, NE 68802
<br /> (referred to below sometimes as "Lender" and sometimes as "Beneficiary"); and UNITED NEBRASKA BANK,
<br /> whose address is 700 N WEBB RD, PO BOX 5018 / GRAND ISLAND, NE 68802 (referred to below as
<br /> "Trustee").
<br /> CONVEYANCE AND GRANT. For valuable consideration, Trustor conveys to Trustee in trust, WITH POWER OF SALE, for the benetii of
<br /> Lender as Beneflciary, 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 affixed 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 propert , including
<br /> without limitation all minerals, oil, gas, geothermal and similar matters, IOCated In HALL �oUnty, State of Nebraska (t�ie "Reel
<br /> Property"):
<br /> LOT NINETEEN (19), JEFFREY OAKS SIXTH SUBDIVISION IN THE CITY OF GRAND ISLAND, HALL
<br /> COUNTY, NEBRASKA.
<br /> The Real Property or its address is commonly known as LOT 19 JEFFREY OAKS, GRAND ISLAND, NE 68803.
<br /> Trustor presently assigns to�ender(also known as Beneficiary in this Deed of Trust)all of Trustor's right, title,and inierest in and to all present and
<br /> future leases of the Property and all Rents from the Properfy. In addition,Trustor grants Lender a Uniform Commercial Code security interest in the
<br /> Rents and the Personal Property defined below.
<br /> DEFINITIONS. The foilowing 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 /> referced to as"Lender"in this Deed of Trust.
<br /> Deed of Trust. The words "Deed of Trust" mean this Deed of Trust among Trustor, Lender, and Trustee, and includes without limitation all
<br /> assig�ment and security interest provisions relating to the Personal Property and Rents.
<br /> Guarantor. The word "Guarantor" means and inciudes without limitation any and all guarantors, sureties, and accommodation parties in
<br /> connection with the Indebtedness.
<br /> Improveme�ts. The word "Improvements" means and inciudes without limitation all existing and future improvements, buildings, structures,
<br /> mobile homes affixed on the Real Property,facilities,additions,replacements and other construction on the Real Property.
<br /> Indebtedness. The word"Indebtedness"means all principal and interest payable under the Note and any amounts expended or advanced by
<br /> Lender to discharge obligations of Trustor or expenses incurred by Trustee or Lender to enforce obligations of Trustor under this Deed of Trust,
<br /> together with interest on such amounts as provided in this Deed of Trust. Specifically,without limitation,this Deed of Trust secures,in addition
<br /> to the amounts speCffied in the Note,all future amounts Lender in its discretion may loan to Trustor,to ether with all interest thereon; however
<br /> in no event shall such tuture advances (excluding interest) exceed in the aggregate $10,000.00. �he (ien Of thiS Deed of TrUB�
<br /> shall not exceed at any one time $105,000.00.
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