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<br /> ��. � CONSTRUCTION SECUR3TY AGREEME�iT
<br /> �-� � � ' ` ` � ACFQdOWLED�NT OF DEED Ol� TRIIST _
<br /> `���s �- � , � ---
<br /> - _-:�' HORItOWB� ItEA1D THIS .BEPORS SIGNIDIG: gl� 10���� --°_`- �__ �__.
<br /> - �_____
<br /> Horro`res`��r�c�.ther one or mose .nnderstand�.-��3ia:�::':�.�.��3ccutae�s-�: . "H..�'�" ---
<br /> r � .„�...�:,—.
<br /> . - that the Bortag��',�.s about to.e�cnte is a De,�c�:-ci� .����?i3.:�a�ci�`.::" �;,:��___-
<br /> � a mortgaqe aad`�� the power o�:`sale pzovfded.:£xi�. �;;�'��3eeiT a� ,` s�-.�-
<br /> ��:�------
<br /> _ Trnst p�ovides substanti.ally dilFferent rf4hts'aai���olslig�#ions to �..ry�=u
<br /> • �. � ' the gorrc,wer thaa a mortqage irs. the event o€ a default or breach. -��-_-
<br /> th " .:�
<br />- �- x= of ob3.igat�on under Y.Iie Deed of Trust, inclucifng, bnt not limited� � _;-.•
<br /> �� to, the Lender•s riqht to have•the Fraperty sold by the Trustee r ��'-��M
<br /> =�::.. � ��:�,
<br /> � �:� ; withont any juclicial proceedinq. B4srower repsesents and - �, _
<br /> � , - ,�:� warrants that this acknowledgemsnt was executed by it befare the �,..�?_V,;- �
<br /> � '�"�'� executi,on o€ the Deed of Trnst.. �-��;'�'�`1�%��_�
<br /> �i==�:_�: , � � . f`. - . :.��
<br /> � a t' ��.. ����"��,"� -
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<br /> a` �_#_,--
<br /> _ ,� , ea C. StahoP `- . . ,- -
<br /> . , `t. ;i . . �t E � �a�,�:��-
<br /> , .. .. �_. . Nane e S. B3s&oF `•". ..... .. ,:.;__:
<br /> "Borrower" ��-: �-
<br /> ,.`• _ , �.r
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<br /> '�� CONSTRQCTION SECURITY AG1tEEMEN2' z} �
<br /> . _.�,� ' DSED�, F TRIIST � �r�'.{ „`�,��
<br /> �,,,:,.�,i'' . -- ��y;f��dJY;�_.s�<�:�„'.-.o-.:
<br />� .i . � _�. � . ,.:.i:.���iiy�,�i��i`:`.'��.
<br /> ''�,, Intending �o create a Construction Secv�.r�ig �aterest in }:,•;,;�-:���: t,_;_—..
<br /> DEED OF �;..�.r ��.�,-.�.
<br /> � � �:>�-�� accosciance witfc:the Nebraska Constrnctioa. Lieir A�'�, th�s d .�;;� �,r i�;��;',.z..�•_�
<br /> ' •,' � TRUST is made ��of the 22nd� day of. oataber , 19 91 . bY � ��`;� , ' � �`�``�`-
<br /> , 7.:,,�;:�r;� . �.;" ;��::�I�y'`:�r:.Li�':��.
<br /> • ;� '`:�;t`;E,�:;"' 1moAq the Trusf��� Jamea C. and•PTannelle S. Bisho 3�band b ife r w�ose 4�:� .t�'?�-� ,•.,€.f
<br /> ` `'�'� ntafling addres5' is 322 E.lOt��St. Grand Islaad ��raska 68801 ��'"�F' 6:
<br /> 't.y�z�;�;c „ . @ YIISt@e �
<br /> .,,: �°`° • ein "Borrower^, whether� one os more), th � Arend R. �< • .
<br /> �%,;t�,.���,; Baack ,. Attorney �t La�w, whose ma�l�- ;'' � .�%;,,
<br /> +„` �';��f4i�,�.. �_' '�t,,
<br /> _:,r• . �. .
<br /> �7�� ''�' �'�1t;`�'�'�; a dress s P.O. Box 790, Grand Zsla� NE 68�QZ .
<br /> ` (herein i;., .:., . .
<br /> . ��'}��t�.""�`�:;'' . "�rustee") , a�d. the Heneflczary THE Q11ERL�� �JATIONAL BANR OF � ',�� .:� � ,
<br /> e a�,��.<°f.• . ,,;("f,:�j ;,r�,y :s,�
<br /> ``�:�;:,�;; � � Ti� t Third Street �'•;�:� ' ."
<br /> , GRAND IS?aANIIa ��:,..,! ''`_`
<br /> : ? �cfi�ose maflinq address i.s 30� � . f�.�,±;.:�;�.,.,;�,�„ � ,_
<br /> .�:�. '; P. 0. Box 16g�; Grand Island:. Nebraska f3���-1688 lherein r :,�,;<< ,:.,,�.;<�
<br /> � � ry �..,;,,''�!�:.�ii'�r`.f.;�: ��:;'i�;;,'re.
<br /> i t. � .
<br /> . . :�.,�.: _. Lende� �• . �.�_ ,�::;.';;;'_. �ir��;;:,
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<br /> ,,�.,,.,.;. . •�•�:.�
<br /> ,r��,1,.;:• F�R VALLT�s3LE CONSIDBRPr��GI�!�, inc�udbn� �.�� indebtednes� �,. ;;'`,,'.�'
<br /> ,`�.,�..;.
<br />. ., °:i'rt;,.'-+'.'' ident�.€i.�� herain and trust ���resn crea�ed Ea� the pnrpose of , .
<br /> ,:�-, , : ��� :r.
<br /> ,; ::� �� ,�' makinQ i�r_��ovements to the real estat� �erefnafter described, the ;
<br /> ;:,'�.:� -� ' ` � � recei�st� af which is hereby. acknowle�g�d, Barrower hereby : .
<br /> :��„ ,�:.i.,, . .-a� '
<br /> � , �����•_•� , ixreviceably g�r�nts, tranafers,.conveys and aa,.bgns to Trustee, IN i �..,r, _,
<br /> ' � `'{`'r`''''='. � �RUST, WITH :r{i��ER OF SALS, £or �he benefit a� seenriS:y of
<br /> . t,;?.:..,. , .
<br /> � . , ;�;,r;,�� . , ',
<br /> . . . Lender, under anc� subject to the terms and cand�tions hereinafter �. •.:',;�:,;�
<br /> � �',�:�: , .
<br /> ���� � ' set forth, the real property, described as fal�ows: ' - �� .
<br /> ,
<br /> �I � ' ' The East Thirtv-One (31) Feet of Lot Elevea C'_1) and_all � �
<br /> '`�"'•" of Lo� Twelve 12 in �rock Three 3 ias PaTkhil . '
<br /> '�' • Subdivision, an Addition to the C�.tv of Grand Island. ' � .•
<br /> �,:� •
<br /> �:,: •
<br /> � Hall County. Nebra�ku. - .. .
<br /> � ' .' Z .
<br /> �
<br /> • � � . Together with all buildinqs, improvements, fi.xtures, �
<br /> �. streeta, alleys, passageways, easementa, riqhts, pri.vileges and
<br /> � appnrtenareces located �hereoa or in anywise perteining thara��,
<br /> � ana the rents, f.saues and� pro£f�s, reversions an8 remeiac]ara
<br /> . � � thereof, and such personal� property that is attached t� the :
<br /> � improvements so as to cone�3tute a fixture, inoluciing. I�tat nvt
<br /> ' . limi.ted to, heating ana cooling equipmentt and toge�her wit:y:the
<br /> � . ` homes�ead or marital interes�s, if any, which in�erasts are
<br /> ; hereby released ana waived; all of which, including replgCements
<br /> • ' ' � and adclitions thereto, is h�reby declared �o be a p�rt af� the ;;;.:;;::.
<br /> real estatie secuzed by the lien of this �eed Qi T�cust� an� aal of ; '�. ��-�.: _
<br /> � --�—�-- � 3 �
<br /> -.-_�_:--._::�_�__�._���:��_-._:::�:-t the £oreqoing beinq stefe�ed 'ta here�s: �s t�'1� .'°i�ro�ertg..K. - __ ._.- - . .._
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