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<br /> ��"''"`> • GONSTRUCTION SECURITY AaREBMEN�'
<br /> 'bh-���'^::�••,. ACKNOWLEDGEMENT OF DEED OF TRUST
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<br /> ��.., .._.....:,.__�'�_. B�RROWt:R RIiAD TFIIS SEFOItE SIGNINGs , - _
<br /> ; �.4 . , �t;�', �—__ — --- - -
<br /> � ;. ', ., � Barrcw�r, whether oae or more, understands that the document
<br /> ,. that the eorrower is about to exeaute is a Deed of Trust and nat
<br /> � � a martgage anc3 that the powex of eale provided for in the Oeec�of �--
<br /> �.--
<br /> � ' • Trust provides substaatially different rights and obligatione to ---.
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<br /> -�- ---- th:. Larro�:sr thaa � s�Qrtgage in t2�s suent of A default or breach --
<br /> ---
<br /> � of obligation under tk�e Deed of Trust, inaluding, but no� limited
<br /> f� to, the Lender•a riqht to have the Propert,y sold by the Trustee �_ Y_
<br /> � without any judicial proceedinq. Borrower represents and °�,1.R_
<br /> warranta that this aaknowledqement was execute8 by it before the �__;-.:__._—_
<br /> . - execution of the Deed of Trust. ��`RL..°-
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<br /> c� Scot . a aen
<br /> `� Teresa A. Janaen � ��
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<br /> sorrower" �
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<br /> � , �� � CONSTRUCTION_ SECURITY AGREJiMENT h
<br /> __--- -=°_:- DEED OF TRUS�
<br /> Intendinq to create a Construction Securi�y Intereat ia "
<br /> accordance with the Nebraska Construction Lfen Act, thia DEED OF � r`
<br /> TRtJgT is made as of the 25th day o� t�tarct► , 19 94 ► J�,►_ and a�
<br /> anong the Trustor, Scott D. Janaen and Teresa A. Jansen. Husband 6w"t�hoee
<br /> mailf.ng addres8 is 815 Orleana Drive Grand Island NE 68803 �• }:�/
<br /> (herein "Borrower", whet er one or more , t e Trustee, < �. �
<br /> Arend R. Baack , Attorney at I,aw, whose m�a 1�ng �r ;
<br /> • a ress is P. O. Box 790 Grand isiand NE 68802 (herein ; �
<br /> "Trustee"), and the Benefic ary, THE O`TERLAND NATIONAL BANK OF . � +�I+�
<br /> -� ' '.��
<br /> GI2AND ISLAND, whose mailing address is 309 West Third Street, '�/ .
<br /> P. 0. Box 1688, Grand Island, Nebraska 68802-16@8 (herein ,.,F� ,
<br /> "i,ender") . ,
<br /> FOR VALUABLE CONSIDERATION, includir�g the indebtedness �
<br /> identiEied herein and trust herein created for the purpose of i .. .
<br /> making improvements to the real estate hereinafter described, the ;
<br /> receipt of which is hereby acknowledged, Horrc�wer hereby !
<br /> 3.rrevocably grants, transfers, conveys and assigns to Trustee, IN i
<br /> , TRUST, WITH POWER OF SALE, for the benefit and security of
<br /> Lerider, under and subjQCt to the terms and conditions hereinafter
<br /> set �orth, the real property, described as follows:
<br /> Lot Twenty-Three (23), Morningside Acres Subdivision, to ;
<br /> ; the Citv of Grand Island, Nall County, Nebraska.
<br /> _ _
<br /> , Together with all buildings, improvements, fixtures,
<br /> , � streets, alleys, passageways, easements, riqhts, privileges and
<br /> ; appurtenances located thereon or in anywise pertaining thereto,
<br /> ana �t,A rwnta_ i RauaA and nrofits. rev�rsions and remainders
<br /> thereof, and such pers�nal �property that is attached to the
<br /> �?. � improvements so as to canstitute a fixture, includinq, but not £
<br /> � limited to, heating and cooling eyuipuient; ai,d i.uyether with Lhe
<br /> - homestead or mari�al fnteresta, if any� which int�r�sts are
<br /> , �` hereby released and waivedf all of which, including replacemen.ts
<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 a.11 o�
<br /> , the foregoing befaq referred to herein as the "Property".
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