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<br />88-100097
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<br />and pledge and agree that no part of their homestead is
<br />presently or in the future will be si~uated upon the said
<br />t'eal estate, aYld that if they establ ish a homestead on any
<br />part of the real es~ate during the time this Deed of Trust
<br />remains unsatisfied and a lien upon the real estate, that
<br />thet'e shall be "fIC' right tCI make a designatioy, clf homestead in
<br />the event of a fot'eclosure Cor Trustee's Sale upon this Deed
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<br />::J~:t~f~_- _1~ -:E-~-
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<br />Trustor: Donald F. Moss Tru~t~~~~-H~y F. Moss
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<br />ofJ.~~_:i._'JJ~'i?~
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<br />Tt'ustot': Donna L. Moss
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<br />_____~--fL-_?!Z~-----
<br />Trustor: Viola K. Moss
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<br />THIS DEED OF TRUST is rnade this 31st day of Decernbet',
<br />19B7, by and between Donald F. Moss, Donna L. Moss, Husband
<br />and Wife, Henry F. Moss and Viola K. Moss, Husband and Wife
<br />whether one or -more, <hereinaftet' called the "Tt'ustot'''),
<br />whose mailing address is 1410 North Sheridan Place, Grand
<br />Island, NE5BB03, NORWEST BANK NEBRASKA, N.A. <Hereinafter
<br />called the "Trustee"), whose mailiy,g address is P.O. Box
<br />175B, Grand Island, Nebraska, 58B02, and NORWEST BANK
<br />NEBRASKA, N. A., (herei y,after called the "Beneficiary"), whose
<br />mailing address is P.O. Box 176B, Grand Island, NE 6BB02.
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<br />WITNESSETH,
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<br />IF THIS BOX IS CHECKED [ ] THIS DEED CONSTITUTES A
<br />CONSTRUCTION SECURITY AGREEMENT UNDER THE NEBRASKA
<br />CONSTRUCTION LIEN ACT AND CREATES, GRANTS AND
<br />CONSTITUTES A CONSTRUCTION SECURITY INTEREST IN THE
<br />PROPERTY DESCRIBED HEREINBELOW.
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<br />WHEREAS, Trustor is indebted to Beneficiary in the
<br />principal sum of Three Hundred Fifty Thousand and No/100
<br />Dollars <$350,000.00), which indebtedness is evidenced by
<br />Trustor's promisseory neote dated December 31, 1987,
<br /><hereinafter called the "Note"), payable to the order of
<br />Beneficiary and having a maturity of January 1, 1993.
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<br />NOW, THEREFORE, for the put'pose of secut'i ng:
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<br />(a) payment of the Note, together with interest
<br />thereon, late charges, prepayment penalties, any
<br />future advances, and all extensions, modifications,
<br />substitutions and renewals thereof.
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<br />(b) payment of all other sums, fees or charges,
<br />together with interest thereon, advanced to protect
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