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<br /> WHEN RECORDED MAIL TO: 3,.
<br /> UNITED NEBRASKA BANK � �v � +
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<br /> 700 N WEBB RD �
<br /> PO BOX 5018
<br /> GRAND ISLAND,NE 68802
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<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 NOVEMBER 5, 1999, among REIS CONSTRUCTION, INC., A NEBRASKA
<br /> CORPORATION, whose address is 1112 HALL STREET, GRAND ISLAND, NE 68801 (referred to below as
<br /> "Trustor"); UNITED NEBRASKA BANK, whose address is 700 N WEBB RD, PO BOX 5018, GRAND ISLAND, NE
<br /> 68802 (referred to below sometimes as "Lender" and sometimes as "Beneficiary"); and UNITED NEBRASKA
<br /> BANK, whose address is 700 N WEBB RD, PO BOX 5018 / GRAND ISLAND, NE 68802 (referred to below as
<br /> "Trustee").
<br /> CONVEYANCE ANO GRANT. For valuable consideration, Trustor conveys to Trustee in trust, WITH POWER OF SALE, for the beneflt of
<br /> Lender as BeneBc(ary, all of Trustors 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 fnctures;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,�r�oyalties and profits relating to the real prope!�y including
<br /> without limitation all minerals, oil, gas, geothermal and similar matters, IOCated In F1ALL �OUn�/, Sta� Of Neb�88k8 (LIIE "Re81
<br /> Property"):
<br /> LOT TWENTY (20), 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 4120 MANCHESTER, GRAND ISLAND, NE 68803.
<br /> Trustor presently assigns to Lender(also known as Beneficiary in this Deed of Trust)ali 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 /> Beneflciary. 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 Trust" mean this Deed of Trust among Trustor, Lender, and Trustee, and includes without limitation ali
<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 /> con�ecHon with the Indebtedness.
<br /> Improvements. The word "Improvements"means and includes without Iimitation all e�sting and future improvemenis, buildings, structures,
<br /> mobile homes affixed on the Real Property,facilities,addiHons,replacements and other construction on the Real Property.
<br /> Ind�btedno�. The word"Indobtodness"m�ns all principal and intar�t payablo undor tho Nota and sny Qmounb oxpondad or odv4ncod by
<br /> Lender to discharge obligations of Trustor or expenses incurced by Trustee or Lender to enforce obligations of?rustor 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 November 5,1999,in the principal amount of $80,000.00 from Trustor to Lender,
<br /> together with all renewals,extensions,modifications,refinancings,and substitutions for the Note.
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