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20020
<br />7266
<br />— [Space Above This Line For Recording Data] —
<br />CONSTRUCTION SECURITY AGREEMENT
<br />DEED OF TRUST
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<br />0110177139
<br />ME
<br />It is understood by the Borrower and Lender that this instrument, which is secured by the below referred property, is a
<br />CONSTRUCTION SECURITY AGREEMENT; that it does or will secure an obligation which the Borrower has or will incur for
<br />the purpose of making an improvement or improvements on property hereinafter described; and that advances made hereunder will
<br />be applied to the payment of the contract price of said improvements.
<br />THIS DEED OF TRUST ( "Security Instrument ") is made on July 10th, 2002 The trustor is
<br />Reis Construction Inc
<br />( "Borrower "). The trustee is TierOne Bank
<br />( "Trustee "). The beneficiary is TierOne Bank
<br />which is organized and existing under the laws of UNITED STATES OF AMERICA , and whose
<br />address is 1235 N STREET LINCOLN NE 68508-
<br />( "Lender "). Borrower owes Lender the principal sum of
<br />ONE HUNDRED TWELVE THOUSAND EIGHT HUNDRED AND 00 /100
<br />Dollars (U.S. $112,800.00 ).
<br />This debt is evidenced by Borrower's note dated the same date as this Security Instrument ( "Note "), which provides for
<br />monthly payments, with the full debt, if not paid earlier, due and payable on July 1, 2003
<br />This Security Instrument secures to Lender: (a) the repayment of the debt evidenced by the Note, with interest, and all renewals,
<br />extensions and modifications of the Note; (b) the payment of all other sums, with interest, advanced under paragraph 7 to
<br />protect the security of this Security Instrument; and (c) the performance of Borrower's covenants and agreements. For this
<br />purpose, Borrower irrevocably grants and conveys to Trustee, in trust, with power of sale, the following described property
<br />located in HALL County, Nebraska:
<br />Lot Ten (10), Grand West Subdivision in the City of Grand Island, Hall County,
<br />Nebraska.
<br />which has the address of 1522 Mansfield Road
<br />Grand Island [City], Nebraska 68803
<br />NEBRASKA - Single Family- FNMAlFHLMC UNIFORM
<br />INSTRUMENT Form 3028 9190
<br />IM - 6R(NE) 192121.04 Amended 5191
<br />O VMP MORTGAGE FORMS - 18 0015 2 1 -7 2 91 yyyy
<br />Page 1 of 6 Wtlals: r/7,
<br />)zip code] ( "Property Address ");
<br />[Street]
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<br />— [Space Above This Line For Recording Data] —
<br />CONSTRUCTION SECURITY AGREEMENT
<br />DEED OF TRUST
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<br />0110177139
<br />ME
<br />It is understood by the Borrower and Lender that this instrument, which is secured by the below referred property, is a
<br />CONSTRUCTION SECURITY AGREEMENT; that it does or will secure an obligation which the Borrower has or will incur for
<br />the purpose of making an improvement or improvements on property hereinafter described; and that advances made hereunder will
<br />be applied to the payment of the contract price of said improvements.
<br />THIS DEED OF TRUST ( "Security Instrument ") is made on July 10th, 2002 The trustor is
<br />Reis Construction Inc
<br />( "Borrower "). The trustee is TierOne Bank
<br />( "Trustee "). The beneficiary is TierOne Bank
<br />which is organized and existing under the laws of UNITED STATES OF AMERICA , and whose
<br />address is 1235 N STREET LINCOLN NE 68508-
<br />( "Lender "). Borrower owes Lender the principal sum of
<br />ONE HUNDRED TWELVE THOUSAND EIGHT HUNDRED AND 00 /100
<br />Dollars (U.S. $112,800.00 ).
<br />This debt is evidenced by Borrower's note dated the same date as this Security Instrument ( "Note "), which provides for
<br />monthly payments, with the full debt, if not paid earlier, due and payable on July 1, 2003
<br />This Security Instrument secures to Lender: (a) the repayment of the debt evidenced by the Note, with interest, and all renewals,
<br />extensions and modifications of the Note; (b) the payment of all other sums, with interest, advanced under paragraph 7 to
<br />protect the security of this Security Instrument; and (c) the performance of Borrower's covenants and agreements. For this
<br />purpose, Borrower irrevocably grants and conveys to Trustee, in trust, with power of sale, the following described property
<br />located in HALL County, Nebraska:
<br />Lot Ten (10), Grand West Subdivision in the City of Grand Island, Hall County,
<br />Nebraska.
<br />which has the address of 1522 Mansfield Road
<br />Grand Island [City], Nebraska 68803
<br />NEBRASKA - Single Family- FNMAlFHLMC UNIFORM
<br />INSTRUMENT Form 3028 9190
<br />IM - 6R(NE) 192121.04 Amended 5191
<br />O VMP MORTGAGE FORMS - 18 0015 2 1 -7 2 91 yyyy
<br />Page 1 of 6 Wtlals: r/7,
<br />)zip code] ( "Property Address ");
<br />[Street]
<br />
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