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<br /> . l'.ONSTRUCTION S�CURTTX ACsFtE�M�IJT '� -�..•�i;':
<br /> ACKNAW4L•'DG�M�AI`.� 0]G' D�ED OF �'RUS`1' ° _
<br /> ., . ^ ;�g 4°�1095x� , �i�:-�;�;� �
<br /> 80AROT�ER R�AD THI9 B��'t)RS E�iGi`1:iP7V: . ' '�
<br /> • 1»!:' `.4;t��y�-
<br /> '' � �a
<br /> Borrower, wl�ether dne or more, under 9tasnds that th e document t.': . . . '~
<br /> � " that the Borrow@r is abouk to �xecute ie a Oeed of Trust and not , ,, � ,�
<br />-. a m�rtgage and that the power of sale provided for in tY�e Aeec�of �~
<br /> Trust provides substantially diff�ren4: r�ghts and obliga�ians r� _+�:�
<br /> the Borrower than a mortgaqe in the event of a de£ault o� breach ,� . ., �:__
<br />- " ' of obligation �ander S:he Deed of T.�uct, incluc3ln;i bu� t�ah ?{ne±�ed r . . ,�p_-_-
<br /> w.�,._
<br /> to� �he Lend�r's right to have the F'ro�erty sold by th� mrusicea , �' 'w'
<br /> � wi�hou� any judicial pro�eeding. �oxrower represente and
<br /> - - warrants tha�: this acknowledgement was execu�ed bx it before the � , .. . . �
<br />-- ` execution of the Deed of Trust. >'�'�'�'``�:`..
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<br /> _ J M. Cu�ins v�;v� ,r_
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<br /> . B�tty L. ►x ins . ;�. ��
<br /> "Borrower" '; x.�--.
<br /> �:, .�-.�
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<br /> CONSTIItUCTT.ON SECURITY AGRFEMENT
<br /> D�:�:ll Ul�' 'Yttu$1' ,_r.-�fPe -
<br /> �
<br /> � ' Intending to create a Construction Security Inter�st in ;j�:;(;�,; .
<br /> � accordance with the Nebraska Construction Lien Aet, th is DEED OF � ��
<br /> - TRUST is mac3e as of the 29th day of November , 19 96 and '•+�Y
<br /> �� amonq the TY'ustorr Jan M Cummina and Betty L. Cummine, Husband b�;�hose , � ,
<br /> mailxng address is 4344 Heavenl Drive, Grand Island. NE 68803 y `"
<br /> � (herein "BOrrower". whether one or more , the Trustee, E . • �. :�: '
<br /> Arend R. Baack , Attorney at Law, whose ma 1�.— ng
<br /> address s P 0 , Grand Zsland, NE 68802 (herein � ����
<br /> "Trustee"1� , and the Iieneficiar.y, THE OVERLAND NATIONAZ BANYC OF
<br /> GRAND iSLAND, whcs� mailing addr.ess is 309 West Third Street,
<br /> � P. O. Box 1688, Grand Island, Nebraska 68802-1688 (here�n � *� �_ --
<br /> f ,,-:.��`°"
<br /> "Lender") . - ; ,: �,
<br /> �� FAR VALUAHLE CONSIDERATION, including the ir�a3ebtedness �,, -
<br /> identified herein and trust tierein created far the purpose of '-Y
<br /> . �,�
<br /> . making improvements to the real estate herei�after des cribec�, the ;:� .• . {�-.�
<br /> � recei�t of which is hereby acknowledqed, Barrower hereby �- -
<br /> " . .. irrevoaably grants, transfers, conveys and assigns to Trustee, IN I - ,"-�`
<br /> TRUST, WITH POWER OF SALE, f.or the benefit and sectarity of I ��'• �.� �r'
<br /> Lend�r, under and subaect to the terms and conditions hereinafter i �� .�
<br /> set forth, the real property, described as follows: �' ��
<br /> , �� f.
<br /> Lot Tcrelve (12) � in Block One (1), in Ponderosa Lake '
<br /> Estates Subdivision, in the City af Grand Island, __ �
<br /> � . Hall County, Nebracka "
<br /> :
<br /> � �ogether with all buildings., improvements, fixtures, i
<br /> streets, alleys, paasageways, easements, righte, privileges and .
<br /> , ., _ appurtenance� loCated thereon or in anywise pertainirag there�o,
<br /> -- -.. -- -- -- - . . �. . - -------�__.. _..a ..�,.,�;.,auro - -- � ---- -'
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<br /> Srid thC.' rents, 1SS13es ana prui.«�s � 1CV Cl.7ivato .....�. .--��.-��..----_ - _- -
<br /> • thereof, and such pexsonal property that is attached to the .
<br /> _ improvements so as to cnnstitute a fixture, including, bui: not
<br /> limited to, heating and coolinq equipment; and togeth�r t�ith the •
<br /> homestead or marital interests, if any, which interests are
<br /> �� hereby released and waived; all of whicH, including replacements
<br /> and additions thereto, is he.reby declared t� be a part of the
<br /> � real estate socured by the lien oi this De�d of Trust and all of
<br /> the foregoing bcing referrsd to herein as the "Property°'.
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