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<br /> _ 193-a.to�ts�
<br /> CONSTRUCTIOI�1 BECURITY AGREEM�NT
<br /> ------ -- 1�GKNQWL�DGF.MENT ilF DE�A OF �RV3T
<br /> ►., �
<br /> �-'• — 80RR0'M$R RE11D THIS HEI�'ORE SIGNINQs
<br /> _:�, � ,
<br /> �
<br /> �_;���� Borrower, whsther one or more� underatiands that the docwnent
<br /> � that the Borrower is about to exeaute is a Deed of Truat and not
<br /> � _�__ ----��--=-- a mortgage and that the power of sale provided for in �he Deed of
<br /> �-�� Trust provides snbetantially different rights and obliqations to
<br /> .a��r�w.�l'K.7�
<br /> the Sorrower than a� mortgage in the eveat of a default or breach
<br /> ��� ���� ,. of obliqation under the Deed of Trust, includ.inq, but not limited
<br /> - to, the Lender's right to have the Property aold by the Truatee
<br /> , -���. wit2�out any �udic:3al proceedinq. Borrower represents �nd
<br />,. . warrants that thie acknowledqement was executed by it before the
<br /> .t;;'�:�.,�--:.�...� , exeaution of the Deed of Trust.
<br /> ,;•-,.,.,.,. �
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<br />_ 1 ,t.)1-�.(". t'� viC..l'i�
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<br />. �'��{Y! �t. �i{�'n1v.: .� /'�
<br /> � ''•a �' Dsvid W. Staab
<br /> - �!',t:';'-����� �n?<� • J
<br /> .,F,. *`i''�""� Jill Staab _
<br /> ,:. . � ;
<br /> "Borrower"
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<br />- _'=`����`;����'%'_r` �(1�STRUCTION SECURITY AGREEMENT
<br /> ' '���-'�'� DBED OF TRUST
<br />. , .;�•n .
<br /> . ;?;':�;,:
<br /> � • ; Intending to areate a Construction Security Interest in
<br /> ' • � � accordance with the Nebraska Construction Lien Act, thia DEED OF
<br /> • • � • � TRU5T is made as of the 17th day of November , 19 93 , by and
<br /> , among the Trustor, David W. Staab 6 Jill K. taa . us and � Wi� , whvse
<br /> mailing address is 3901 Ben amin Drive Sioux Falls SD 57103
<br /> �+'�":,>.� , (herein "Borrower", whether one or more , the Trustee,
<br /> 5 � �� : Arend R. Baack , Attorney at Law, whose ma33�g
<br /> � etd Yess s P. 0. Box 790 Grand Island NE 68802 (hereil't
<br /> " "Trustee") , and the Benefic ary, THE OVERLAND NATIONAL BANR OF
<br /> t�� � ' GRAND ISLAND, whose mailing address is 304 West Third Street,
<br /> � �`� '. P. O. Box 1688, Grand Island. Nebraska 68802-1688 (herein
<br /> ��;; . °Lender") .
<br /> j^ ,. ':i,.
<br /> �.� . FOR VALUABLE CONSIDERATION, including the indebtedneas
<br /> . . 3dentified herein and trust herein created for the purpose of
<br /> , making improvements to the real estnte hereinafter described, the
<br /> � � • � receipt of which is hereby acknowledged, Borrawer hereby
<br /> irrevocably qrants, transfers, conveys and assigns to Trustee, IN
<br /> TRUST, WITH POWER OF SALE, for the benefit and securi�y of
<br /> � � +��- `�.;�;•�- � ' Lender, under and subject to the terma and conditions hereina£ter -
<br /> : v $et forth, the real property, desaribed as follows:
<br /> YI,f J. ,
<br />�'ti• Lot Eighteen (18). Block Three (3) , Brentwood Second
<br />='"r
<br />_� . , Subdivision, Grand Island. Nebraeka __
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<br /> .wL�. � �I``' .
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<br /> =;, . ���;. ��,;ti.�:�� Together with all buildinqs, improvementa, fixtures,
<br /> �;,�;;�s� �:��;,.� ,,;� - streets, alleys, passaqeways, easements, riqhts, privileges and ;
<br /> '�� appurtenances located thereon or in anyw3se pertaininq th�reto,
<br /> � '�' ;� � � ancl the rents, issues and profits, reversions and remainaers
<br /> �_'::���``$ii�lw.:�;R'i-
<br /> ,,,��_;.��,,;�:�� thereo£, and such personal property that is attached to the
<br /> s� �-��. improvements so as to constitute a fixture, including, but nvt
<br /> ��¢" ' ' � limited to, heating and cooling equfpmentt and taqether with the
<br /> •.-� ,:2`,•��.� ,
<br /> - -= homestead or marital interests, if any, which interests are
<br /> hereby released and waived; all of which, includinq replacements
<br /> and additions thereto, is hereby declared to be a part of the �
<br /> real estate secured by the liea of this Deed of Trust and all of
<br /> the foregoinq beinq referred to herein as the "Property".
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<br /> _• -.�v�r�w� � - � ---- �
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