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<br /> ,• ` , ' �F'Ir° •.•, �rs*Te�+nnr+�rTp SBCU�tYTY A(3REENN�T . . �
<br />- . . , . . . �'1���'t'� . .
<br /> aBED OF TRII3T
<br /> ' , Zatending to create a constructfon security interest i�s ��.�
<br /> ' � ` � � accordance with the Nebraska Construc�ion Lien Act f� tlais DEE� OF`
<br />- ���`r TRIIST ie made as of the lst day of Nonember, 199� by and among ' . . `4�,
<br /> . .� , the Trustar► BEREAI�Y F`UNDAMSN'PAL CHIIRCH OF GRAND ISLAND. NEBRASRA. \•
<br /> ` ,�'. , ..
<br /> • .. � a Nebrasl�a nonpxofit corporation, whose mailing address f�r��pa�
<br />�;'_._�. : �.:_�.;,��: poses of this Deed of Trust .ia 41I6 t�Teet Capital. Aveaue,
<br /> �- —=:���s-�-�- _--�: . Island, ..IJebraska 68803, (herein, "T�us�or", whether one or more? ,
<br /> ' ��� �`'" �he. Truatee, AREND R. BAACR, Attoiriey af I;aw, whose mailing .
<br /> . :. :�.�,�5,... . ,
<br /> '��� � ", ' address y� P. O. Box 790, Grand Island, NE 68802-a79a (herein .
<br /> -_,;.. . . NATIONAL HANK OF � .
<br /> �;:�f�.• � � °Trust��"��: and the Hsneficiary. THS OVP,RLAND
<br /> ;•��, � � �
<br /> �'�-�r,. , , GR� Ig-;,,��ID, whoae mailiag addresa is P. O. Box �.688, GraarY
<br /> �..:�: _ ' :
<br /> "�f`���r Zaland,_ NE 68802-1688 therein ttLender°) . . .
<br /> �,;;.•. ��-=
<br /> ,. . . . � _
<br />-. r :. ; .�';;F`;:,: � . � .
<br /> ,,�,;'�. �' : .5�,;s• : . � � FQL� VALIIABI,E CONSIDERATZOl�, includi.ng Lenderta extension o£
<br /> _��,� � . .
<br /> r,,:f.; . ,, , ,. ,
<br /> {.:%,�"�:;_ :';...:',,; ,_ , credit =�$ntified hereir�:to BEREAN F'UNDAMENTAI+ �C� OF GRAND
<br /> � n
<br /> r.'��::;�+:� •;.•��„y. . � ISLAND, �L�B1tA3RA (hereim Bt�rrower", whether one or more) , and .
<br /> �`'� the tx�st he�eyn create�� the receipt of which is he�eb}� .acknowl- ,
<br /> , ;.
<br /> <<,.;�� �dged, Trustor ��reby i�reiracably grants, traz�ers, conveys and __
<br /> • � . . � . - assigas. �o Trus�ee, IN `y`RIIST, WITH POWER OF SALE, for �he bsn�tat ,
<br /> � and sec-��ity of Lenders under and aub7ect to the texzr.� and condi- __ _
<br /> ' tions 1r.areinafter set forth, legally deacribed as fol���-s: '�_
<br /> � � � - � I�ot One (1) Berean Bible Church Subdivision in the City `�<�
<br /> �� : . .. of Grand Island, Hall County, Nebraeka; __ -•�� .
<br /> _. , .;,_j .
<br /> �����+� � �� togethe� with all buildings, improvements, fixtures, streets, � � ��_----'
<br /> ,�_;::: ,•
<br /> alleya, passageways, easemeats, righta, privileges and appurte- �.,.���=_----
<br /> � � ��`-��'�'�a ' � nancea located thereon or in an.�rwise pextainir:g thereto, and the ..a_
<br /> � -�•ri�-,:4+1, :.��;�,.p�-....�...��_
<br /> ` ' :,�f�� rents, issues and profits, re��r�ions and rema:.xzderc� thereof, and ;��
<br /> �.: �� � � such peraonal property *hat is attached to the impiov�ents so as ��^�:,�-~--
<br /> ,;�;.�.., , � ��ai�a�r�,,._,,_
<br />__��i..;N� � to constitute a fixtur�f including, but not limited te, heating � .• ..,��„�,_
<br /> and cooling equipment and together with the homestead or marital ;� � -;
<br /> � ' � intereats, if any, which inter�sts are hereby releaned and .�. :�:;:
<br />"" � �• waived, all of which, includir_3 replacements and additions �. ��!��;ff:�%��� �.�`
<br /> -,�.. ._
<br /> �����1-.� theretaa is hexeby declared to be a part of the real e�tate , ��'9��'��'' . ..,;,
<br /> '�'; ' aecured �y the lien of this Deed of Txust and a21 of ti�.� forego- . :�Y;
<br />'�`��t%��" �, � , 'ing being xeferred to herein as the "groperty". _ '=
<br /> .,.�1�: , '�.
<br /> . . � ��.;��..,,. .
<br /> ;� �� � � Thia Deed of Trust shall secuxe (a) the payment of the prin- ��':-��•.
<br /> �. � cipal sum and intereat �videnced by a Conetruction Line of Credit . : :
<br />-���`;��.,.� . _. � ' . Draa� Note of even date h�rewith, having a maturity date of .. ����
<br /> -= � • � February 1, 1999, in the original principal amount of Three Hun- .
<br /> � dred Thoueand and No/100 Dollara ($3�0,0OO.Oa) and any and all :.;
<br /> �� madificationa, extenaiona and renewala thereof or thereto and any �.;��'�< ` �
<br /> � � � � � ' and all future advances and seadvancea to Borrower (or any of ' .
<br /> :', �� � , ' them if more than onel hereunder pursuant to one or more promis- � .
<br /> � _ � aory notes ox credit agreemente (herein called "Note") ; lb) the .
<br /> - ' . payment of othor. �aums advaaced by Lender tco protect the securit� . ,i
<br /> ; . ��.. of the Note; (c) the per£ormance �af all covenants and agreements . , .
<br /> � ., ;... .� of Trustor set forth herein; and id) all present and future
<br /> � ' indebtednesa and obligationa of Borrcwer (or any of them if more ,
<br /> � '�. - � � � than one) to Lender whether direct, indirect, absalute or contin- . ,
<br /> ��� � � gent and whetlaer ariaing by note, guaranty, overdra£t or other- f .
<br /> � . �. ��;�� , wiee. The Note, this Deed of Truat and any and all other docu-
<br /> " � � ments that secure the I3ote or otherwise executed in connection
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