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<br /> WHEN RECORDED MAIL TO:
<br /> UNITED NEBRASKA BANK ,�9 1 1 O I a7 O '
<br /> 700 N WEBB RD
<br /> PO BOX 5018
<br /> GRAND ISLAND,NE 68802
<br /> C �
<br /> SPACE ABOVE THIS LINE IS FOR RECORDER'S USE ON�Y
<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, A NEBRASKA :
<br /> CORPORATION, whose address is 1112 HALL STREET, GRAND ISLAND, NE 68803 (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 AND GRANT. For valuable consideration,Trustor conveys to Trustee in trust, WITH POWER OF SALE, for the beneftt of :
<br /> Lender as Beneflciary, all of Trustor's right, title, and interest in and to the following described real property, together with all e�dsting or :
<br /> subsequently erected or affoced buildings, improvements and foctures;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�oya�lHes and profits relating to the real prope�y, including
<br /> without limitation all minerals, oil, gas, geothermal and similar matters, IOCeted 'In F1ALL �OUnty, State of Nebraska (the "Real :
<br /> Property"):
<br /> LOT FORTY EIGHT (48), 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 4145 MANCHESTER, GRAND ISLAND, NE 68803. :
<br /> Trustor presently assigns to Lender(also known as Beneficiary in this Deed of Trust)all of Trustors 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 /> BeneifNary. The word "Beneficiary" means UNITEO NEBRASKA BANK, its successors and assigns. UNITED NEBRASKA BANK also is :
<br /> refened 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 /> 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 /> mobi�e homes affixed on the Real Property,facilities,additions,replacements and other construction on the Real Property. :
<br /> Indeptedneea. Thv word"Indabtadness"means sll principal Qnd interest payable under the Note and any amounts e�ended or advanced by
<br /> Lender to discharge obligations ot Tru�tor or expenses incurred by Trustee or Lendar to enforce obligeHons 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 specified in the Note,all future amounts Lender in its discrebon may loan to Trustor,to�ether with all interest thereon;however
<br /> in no event shall such future advances (excluding interest) exceed in the aggregate 310,000.00. The lien of this Deed of Trus� :
<br /> shall not exceed at any one time 5705,000.00. :
<br /> "s ' � . . .. �_
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