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<br /> ,.� CONSTRUCTION SECURITY AGREEMENT
<br /> ACKNOWLEDGS ENT__F DEED TRU$T
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<br /> �ORROi�R READ THIS HEFOttE 8IaNING t
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<br /> Borrower, whether one or more, understande that the document
<br /> `�f� r � that the Hoxrower is about to execute is a Deed o! Trust and not
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<br /> ��� .,t� a mortgage and that the power of sale provided for in the Dee�f
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<br /> • �"'P Tru�t provides substantially dilferent righta and obl3.qations to
<br /> 4�. .. wer than a mort a e in the event of a default or breaah --_
<br /> . , �. � : . ° �� the Horro 9 9
<br /> '-��' •�.. , of obliqation under the Deed of Trust, including, but not limited __
<br /> ��-0�;'` to, the Lender's riqht to have the Property sold by the Trustee _
<br /> ; ��� �b�?. without any judicial proceedinq. Borrower repreaents and �}.,�,�:.
<br /> warrdnts that thia acknowledgement wae executed by it before the
<br />` ,�-,p:� • exeaution of the Deed of Trust.
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<br /> Evel . Stellc �"�-'-�-� :.
<br /> , "Borrower" �
<br /> _ ' . CONSTRUCTION SECURITY AGREEMENT ��„--��-
<br /> ' DEED OF TRUST
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<br /> '� �`4x� u - Inteading to create a cons�ruction Security Interest in -
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<br /> F � � accordance with the Nebraska Conetruction Lien Act, this DEED OF n;�:
<br /> �` •• TRU3T is made as of the 31st day o f Auaust . 19_31.��i�OSe � :
<br /> -, . amonq the Trustor, __ �"�
<br /> � " � mailing addresa is 1821 West 17th Street �rand Islan rt� 68803 Y_,r.��;_r;-.._
<br /> � (herein "BOrrower", whether one or more) , t e Trustee, _ _�;,.�;.:
<br /> • Arend R. Haack , Attorney at Law, whose mai�nq ' '=-�-,_.-
<br /> � ', � ad ress s P. 0. Bax 790 Iherein `._ • ��_
<br /> ' � "Trustee") , and the Bene c ary, T E OVERLAND NATIONAL BANK OF �;.s =•. = .' -_
<br /> � , � GRAND ISLAND, wlaose mailing ad3ress is 304 West Third Street, Y, `l�
<br /> " P. O. Box 1688, Grand Island, Nebraska 68802-1688 (herein _5 ���
<br /> � � "Lender"). .ti�;';-;;��
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<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 herefnafter described, the i �� .
<br /> �� receipt of which is hereby acknowledqed, Borrower hereby
<br /> � � irrevocably c�rants, transfers, conveys and assigns to Trustee, IN � , .
<br /> � � �� TRUST, WITH POWER OF SALE, fUr 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: � � -,. ' �'
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<br /> Lot Fbur (4) in Bl.ock One (1) Cblonial Estates �
<br /> Subdivi.sion in the_.CitY of Grand island' '�.�1 i
<br /> � Countv vebraG a - .
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<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
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<br /> � � � limited to, heating and cooiing equipmencs and 'togeLi�Ci wl�.� ����
<br /> homestead or marital interests, if any, which interests are
<br /> hereby released and waiveds all of which, includinq 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 foregoinq being referred to herefn as the "Property".
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