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<br />-� „ CONSTltUCTION SE�UR�TY AG1tE�MtsNT ----
<br /> � ACICNOWLEDG�MEIVT O�' D�E� Ok' TRUST -
<br /> � ., �. _�--
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<br /> • BQ1�tROL'J�R R�AD THIS HEI'OI2E SI�NIRI�: �'-
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<br /> , � � Borrower, khether one ax more, understands thati the documen� __-
<br /> . . that the Borrower is about to execut� ie a DeQd of Txuet and noti -=___
<br /> � a mortgage and that the pocaer of sa]lo provided fo:. in �h� Dooc�o� ____�-
<br /> _..__
<br /> Truat providea substantially different riqhtis and e�b].i.gc+ti.onc� L•o °-���"
<br /> '--------------_
<br /> _ • tihe Borrower than a mortgage in the even� of A default or brrt�aah --- __
<br /> of obligation under the D�od of True�, inaluding, bu� na� liniiL•od -
<br /> � t:o, tihe L�nder's right to have tg» Proporty sold by tha Trucitao r,�;��k��Ra=- _
<br /> wi�hout any judic�.al pxaceedinq. Barrowar ropxeaont� nnc� , • � ���;�,.,�,_„�
<br />. warranto �ha� ttiie aeknowladgement wae execut�d by it bofaro �h� ^'�'`��'�'=�=�°=
<br /> execution of �he �ieed of Txuat. `�`
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<br /> Patrick J. on elly �� �� W B• e � "Iiorrower" . �.�``�``'' �
<br /> rrower � N.Y•:�'-
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<br /> a hryn . Connelly • onda . Vieh �'�'."�`�'�-_
<br /> "Borrower" ���OY'L'OWex'O i''`�;��-�—
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<br /> CONSTRUCTION SECURITY AGREEMENT ' �`
<br /> - DELD OF TI:UST '���'���—?'?'=
<br /> ' Intending to create a Construction Security Tntereat in � � .�
<br /> accordance with the Nebraska Construc�ion Lien Act, this DEED OF '� •s
<br /> TRUST is made as o�f8t� �k �th et�� &of Dece be ,1y19�94b n�iy���p � �
<br /> �,.,. .
<br /> among �he Trustor,D e x�'
<br /> mailing address is 18 Eaet Oak. Dannebro�� NE 6 831 `• '�
<br /> (here�n "Boxrower" , whether one or more , the Trustee, '''�'
<br /> Arend R. Baack , Attorney at Law, �ahose mai�l� �� �• '
<br /> . . .,�i�^7-.t
<br /> , addreso is P. 0. Box 790, Grand Island. NE 68802 (herein ,� ,; :
<br /> , "Trustee") , and the Bene�iciary, THE OVERLAND NATIONAL HANK OF � ';
<br /> - GRAND ISLAND, whose mailing address is 304 West Third Street, •. �@ ,�,���
<br /> P. 0. Box 1688, Grand Island, Nebraska 68802-1688 (h�rein , �::��—
<br /> . "Lender"l . '" �
<br /> FOR VALUABLE CONSIDERATION, including the indebtedn�ss � �. ,�
<br /> identxfisd herein and trust herein created for the purpose of i � .5 •YJ. ��:
<br /> making i.mpr�vement� to th� real estate hereinafter described, the � �'�= '`,
<br /> �,' receipt of which is hereby acknowledged, Borrower hereby � k, " i,
<br /> irrevocably grants, transfers, conveys and assigns to Trustee, IN � � � � •'!t)
<br /> . TRUST, WTTH POWER OF SALE, for the benefit and security of � �' . � �:�
<br /> , Lender, under and subject to the terms and conditions hereinaf�er � ' ��•�.��
<br /> �� .. set forth, the real property, descsibed as followa: � . ���
<br /> . Lot Eight (8), Westwood Park Second Subdiviaion to the � • � ��
<br /> ' City of Grand Is an , Hal County� e ras a ' '��
<br /> �� � � �
<br /> �;
<br /> j �Y:
<br /> ' Together with a11 buildings, improvements, fixtures, •�.�1
<br /> str�ets, a11Eye, passageways, easemenL•s, r3ghts, privileges and � .� ;
<br /> � , appurtenances located �hereon or in anywise pertaining thereto, , .:�
<br /> ,.
<br /> '- �...� i-hn ronba. ;nanna anr7 nrnfil-a_ rnvnr�inna anrl ramainriara • ' .
<br /> -- -. __-__ ---__ - .....,. ,..._ ------ - --- --- ---- ---.._---- - —.
<br /> . . ----- ----- �------• - .
<br /> th�reof, and such personal property that is atf:ached to the �'
<br /> ; i�nprovementa ao as to canstitute a f�.xture, including, but not � `
<br /> ��� 7.imited to, heati.ng and coaling Qquipmentt and together wi�h the ' I
<br /> home�tead or marital interests, if any, which intereats are 1
<br /> '' hereby released and waiveds aIl of which, including replacements ` �
<br /> � � and additiona thereto, is hereby declared to be a part of the '
<br /> .. real eatate secured by tihE lien of t;his Deed of Trust and all of
<br /> „ the foregoing being regorred to herein as the "Proper�y".
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