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<br />WHEN RECORDED MAIL TO:
<br />Five Points Bank
<br />Your Hometown Bank"
<br />2016 N. Broadwell
<br />P.D. Box 160]
<br />G tl 1 d NE 68802 160J FOR RECORDER'S USE ONLY
<br />CONSTRUCTION DEED OF TRUST ys'
<br />THIS DEED OF TRUST IS A CONSTRUCTION SECURITY AGREEMENT
<br />WITHIN THE MEANING OF THE NEBRASKA CONSTRUCTION LIEN ACT
<br />THIS DEED OF TRUST is dated October 21, 2003, among STEVEN R LEMBURG and DANA L LEMBURG,
<br />HUSBAND AND WIFE ( "Truster "); Five Points Bank, whose address is "Your Hometown Bank ", 2015 N.
<br />Broadwell, P.O. Box 1507, Grand Island, NE 68802 -1507 (referred to below sometimes as "Lender" and
<br />sometimes as "Beneficiary "); and Five Points Bank, whose address is P.O Box 1507, Grand Island, NE
<br />68802 -1507 (referred to below as "Trustee ").
<br />CONVEYANCE AND GRANT. For valuable added eraturn, Truster conveys to Trustee in trust, WITH POWER OF SALE, for the benefit of
<br />Lander as Beneficiary, all of Trustor's right, title, and interest in and to the following described real property, together with all existing or
<br />subsequently erected or affixed buildings, improvements and fixtures: all easements, rights of way, and appurtenances; all war, te water
<br />rights and ditch rights (including stock in utilities with ditch or irrigation rightel: and all other rights, royalties, antl profits relating to the real
<br />property, including without flatiron all minerals, oil, gas, geothermal and similar matters, (the "Real Property ") located in HALL
<br />County, State of Nebraska:
<br />LOT FOUR (4), R & J DIBBERN SUBDIVISION, AN ADDITION TO THE VILLAGE OF CAIRO, HALL COUNTY,
<br />NEBRASKA.
<br />The Real Property or Its address is commonly known as 407 SYCAMORE STREET, CAIRO, NE 68824.
<br />Truster presently assigns to Lender (also known as Beneficiary In this Deed of Trust) all of Trustur's right, title, and interest in and to all
<br />present and future leases of the Property and all Rents from the Property. In addition, Truster grants to Lender a Uniform Commercial
<br />Code security interest in the Personal Property and Rents.
<br />THIS DEED OF TRUST, INCLUDING THE ASSIGNMENT OF RENTS AND THE SECURITY INTEREST IN THE RENTS AND PERSONAL
<br />PROPERTY, IS GIVEN TO SECURE (A) PAYMENT OF THE INDEBTEDNESS AND (B) PERFORMANCE OF ANY AND ALL OBLIGATIONS
<br />UNDER THE NOTE. THE RELATED DOCUMENTS, AND THIS DEED OF TRUST. THIS DEED OF TRUST IS GIVEN AND ACCEPTED ON THE
<br />FOLLOWING TERMS:
<br />PAYMENT AND PERFORMANCE. Except as otherwise provided in this Deed of Trust, Truster shall pay to Lender all amounts secured by
<br />this Deed of Trust as they become due, and shall strictly antl in a timely manner perform all of Trustor's obligations under the Note, this
<br />Deed of Trust, and the Related Documents.
<br />CONSTRUCTION MORTGAGE. This Deed of Trust is a "construction mortgage" for the purposes of Sections 9 -334 and 2A -309 of the
<br />Uniform Commercial Code, as those sections have been adopted by the State of Nebraska.
<br />POSSESSION AND MAINTENANCE OF THE PROPERTY. Truster agrees that Trustor's possession and use of the Property shall be
<br />governed by the f.11owin9 provisions:
<br />Possession and Use. Until the occurrence of an Event of Default, Truster may 111 remain in possession and control of the Property;
<br />121 use, operate or manage the Property; and (3) collect the Rents from the Property.
<br />Duty to Maintain. Truster shall maintain the Property in good condition and promptly perform all repairs, replacements, and
<br />maintenance necessary to preserve its value.
<br />Compliance With Environmental Laws. Truster represents and warrants to Lander that: (1) During the period of Traitor's ownership
<br />of the Property, there has been no use, generation, manufactne, storage, treatment, disposal, release or threatened release of any
<br />Hazardous Substance by any person on, under, about or from the Property; 12) Truster has no knowledge of, or reason to believe
<br />that them has been, except as previously disclosed to and acknowledged by Lender in writing. (a) any breach or violation of any
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<br />WHEN RECORDED MAIL TO:
<br />Five Points Bank
<br />Your Hometown Bank"
<br />2016 N. Broadwell
<br />P.D. Box 160]
<br />G tl 1 d NE 68802 160J FOR RECORDER'S USE ONLY
<br />CONSTRUCTION DEED OF TRUST ys'
<br />THIS DEED OF TRUST IS A CONSTRUCTION SECURITY AGREEMENT
<br />WITHIN THE MEANING OF THE NEBRASKA CONSTRUCTION LIEN ACT
<br />THIS DEED OF TRUST is dated October 21, 2003, among STEVEN R LEMBURG and DANA L LEMBURG,
<br />HUSBAND AND WIFE ( "Truster "); Five Points Bank, whose address is "Your Hometown Bank ", 2015 N.
<br />Broadwell, P.O. Box 1507, Grand Island, NE 68802 -1507 (referred to below sometimes as "Lender" and
<br />sometimes as "Beneficiary "); and Five Points Bank, whose address is P.O Box 1507, Grand Island, NE
<br />68802 -1507 (referred to below as "Trustee ").
<br />CONVEYANCE AND GRANT. For valuable added eraturn, Truster conveys to Trustee in trust, WITH POWER OF SALE, for the benefit of
<br />Lander as Beneficiary, all of Trustor's right, title, and interest in and to the following described real property, together with all existing or
<br />subsequently erected or affixed buildings, improvements and fixtures: all easements, rights of way, and appurtenances; all war, te water
<br />rights and ditch rights (including stock in utilities with ditch or irrigation rightel: and all other rights, royalties, antl profits relating to the real
<br />property, including without flatiron all minerals, oil, gas, geothermal and similar matters, (the "Real Property ") located in HALL
<br />County, State of Nebraska:
<br />LOT FOUR (4), R & J DIBBERN SUBDIVISION, AN ADDITION TO THE VILLAGE OF CAIRO, HALL COUNTY,
<br />NEBRASKA.
<br />The Real Property or Its address is commonly known as 407 SYCAMORE STREET, CAIRO, NE 68824.
<br />Truster presently assigns to Lender (also known as Beneficiary In this Deed of Trust) all of Trustur's right, title, and interest in and to all
<br />present and future leases of the Property and all Rents from the Property. In addition, Truster grants to Lender a Uniform Commercial
<br />Code security interest in the Personal Property and Rents.
<br />THIS DEED OF TRUST, INCLUDING THE ASSIGNMENT OF RENTS AND THE SECURITY INTEREST IN THE RENTS AND PERSONAL
<br />PROPERTY, IS GIVEN TO SECURE (A) PAYMENT OF THE INDEBTEDNESS AND (B) PERFORMANCE OF ANY AND ALL OBLIGATIONS
<br />UNDER THE NOTE. THE RELATED DOCUMENTS, AND THIS DEED OF TRUST. THIS DEED OF TRUST IS GIVEN AND ACCEPTED ON THE
<br />FOLLOWING TERMS:
<br />PAYMENT AND PERFORMANCE. Except as otherwise provided in this Deed of Trust, Truster shall pay to Lender all amounts secured by
<br />this Deed of Trust as they become due, and shall strictly antl in a timely manner perform all of Trustor's obligations under the Note, this
<br />Deed of Trust, and the Related Documents.
<br />CONSTRUCTION MORTGAGE. This Deed of Trust is a "construction mortgage" for the purposes of Sections 9 -334 and 2A -309 of the
<br />Uniform Commercial Code, as those sections have been adopted by the State of Nebraska.
<br />POSSESSION AND MAINTENANCE OF THE PROPERTY. Truster agrees that Trustor's possession and use of the Property shall be
<br />governed by the f.11owin9 provisions:
<br />Possession and Use. Until the occurrence of an Event of Default, Truster may 111 remain in possession and control of the Property;
<br />121 use, operate or manage the Property; and (3) collect the Rents from the Property.
<br />Duty to Maintain. Truster shall maintain the Property in good condition and promptly perform all repairs, replacements, and
<br />maintenance necessary to preserve its value.
<br />Compliance With Environmental Laws. Truster represents and warrants to Lander that: (1) During the period of Traitor's ownership
<br />of the Property, there has been no use, generation, manufactne, storage, treatment, disposal, release or threatened release of any
<br />Hazardous Substance by any person on, under, about or from the Property; 12) Truster has no knowledge of, or reason to believe
<br />that them has been, except as previously disclosed to and acknowledged by Lender in writing. (a) any breach or violation of any
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