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<br /> `���� CONSTRUCTION 3ECURZTY AaR�EMENT —
<br /> ,, - -
<br /> ]�►CICN WLED EMENT OF DEED OP TRUBT
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<br /> 80RYtOWER READ THI3 BEFORE SIGNINGs
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<br /> �� ��,�:,.^ Borrowar, whether one or more, understaads that the document
<br /> -.,:_� f�t�1 ����, that the eorrower ia about to execu�e is a Aeed of Trust and not
<br /> ���-�- ��=t�r�, a mortqaqe and that the power of eale provided �or in the Dee�f
<br /> — � . - �_••�` Trust rovides aubstantially different righ�nd obliqatione to
<br /> �.,�:�..:,;:.n�u L�.�a,: P
<br /> � ;�-�:�e• �•� �--�-s� the Borrower than a mortgaqe in the event o a default or, breach
<br /> � ` ��.�.� of obliqation under the Deed of• Trust, including, but not limited ---
<br /> �����=-'� �'����� �"��� to, the Lender's riqht to have the Property sold by the Trus�ee
<br /> �`�'��r��.J1'-��`r=` without any judiaial procee�iing. Borrower repreaents and
<br /> W`x�� • ':�� wa.rrants that this acknowledqement was exeauted by i� before the �
<br /> ,�: . execu�ion of the Desd of Truet.
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<br /> "Borrower"
<br /> � CONSTRUCTION SECURITY AGREEMENT
<br /> DEED OF TRUST
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<br /> � - �------`- - xntending to credta a ��nstructian �acurity Intercat irt �
<br /> accordance with the Nebraska Construction Lien Act, this DEED OF
<br /> TRUST is made as of the 25TH c3ay of JA,�IUARY , 19�, by and
<br /> among the Trustor, STEPHEN D HO , whose
<br /> mailing address is 1A16 STOLLEY P , a��
<br /> ' (herein "Borrower", whet er one or more , t e Trustee,
<br /> At�orney ati Law, whose ma ng
<br />_ � addressAisK p 0 BOX 790 Cttnlan IsLanm� Ux 6RRf17_ (herein
<br /> "Tzustee") , and the BQneficiary, THE OVERLAND NATIONAL BANK OF
<br />= � GRAND YSLAND, whose mailing address is 304 Wes� Third Street,
<br /> P. O. Box 1668, Grand Island, Nebraska 68802-1688 (herein
<br /> "Lender") .
<br /> " FOR VALUABLE CONSIDEItATION, includinq the indebtedness
<br /> identified herein and trust herein created for the puzpose of �_,
<br /> � , making improvements to the real estate hereinafter described, the
<br /> reaeipt o£ which is hereby acknowledged , Borrower hereby
<br /> . irrevocably qrants, �ransfers, conveys and assigns to Trus�ee, IN
<br /> TRUST, WITH POWER OF SALE, for the benefit and security of F'`-
<br /> Lender, under and subject to the tierms and conditions hereinafter �
<br /> ' set fnrth, the real property, described as follows: ___
<br />, � LOT 5, BJOCK 1 PONDEROSA L.AKF. F.STATF R11B1)iVl'RT�IU ��!
<br /> HALL COUNTY N .BRasKA �•'•.
<br /> x.,:.
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<br /> s Toqether with all buildings, improvements, fixtures,
<br /> :� streets, alleys, passaqeways, easements, riqhts, privileges and
<br /> appurtenances ?.ocated 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 /> "-�-._— _'��.��-�.:�..:: :.�,,,.,,.,o�a„�� �� aR te constitute a fixtur�e, includinq, but not
<br /> � _ - „ r----------- -
<br /> � limited to, heatinq and cooling eguipment; and together with the
<br /> � ; • homestead or marital fnteresta, if any, which interests ar.e
<br /> ��1i � . •' hereby released and waivedj ull 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 /> 'O°`�."`' �" �� the foreqoinq beinq referred to herein as the "Property".
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