|
t
<br />87-101825
<br />WITNESSETH:
<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.
<br />WHEREAS, Trustor is indebted to Beneficiary in the principal
<br />=um of SEVENTY -FIVE TOLI5AbID AND NOJ100------------------ • - - - - -- Dollars
<br />($75,00 ), which indebtedness is evidenced by Trustor's
<br />promissory note dated April 2 19_E_, (hereinafter
<br />called the "Note "), payable to the order of Beneficiary and having
<br />a maturity of March 1, 1997.
<br />NOW, THEREFORE, for the purpose of securing:
<br />(a) payment of the Note, together with interest thereon, late
<br />charges, prepayment penz:ltics, any future advances, and
<br />all extensions, modifications, substitutions and renewals
<br />thereof.
<br />(b) payment of all other sums, fees or charges, together with
<br />interest thereon, advanced to protect the security of this
<br />Deed of Trust and the terformance of the covenants and
<br />agreements of Trustor, whether or not set forth herein,
<br />(c) performance, discharge of and compliance with every term,
<br />covenant, obligation and agreement of trustor contained
<br />herein or incorporated by reference or any other security
<br />instrument at anytime given to secure the Note, and
<br />(d) the repay. -tent of all other stuns or future advances, :__s.
<br />interest ::hereon, which may heretofore have been or here-
<br />after be advanced by Beneficiary to Trustor. or Trustor's
<br />successor in interest or title,
<br />all o_- ::hich is hereinafter collectively called the "Indebtedness ",
<br />Tru =tor irrevocably grants and transfers to Trustee, in trust, WITH
<br />PM. -J'P. C- " .SALE, the following described property.
<br />See Attacbment.
<br />tecether with M all buildings, structures, additions,
<br />Pnl- z:loments, modifications, repairs, replacements, and
<br />icnpr�vfnents now er hereafter located thereon, (ii) all equipment,
<br />.n�cninery and fixtures (including without limitation, all lighting,
<br />lieating, ventilating, cooling, air conditioning, sprinkling and
<br />.iPlvnbing fixtures, water and power systems, engines, boilers,
<br />ranges, ovens, dishwashers, mirrors and mantel_, carpeting,
<br />furn,.ce�5, oil burners, elevators and motors, refrigerator plants or
<br />units, communication systems, dynamos, transformers, electrical
<br />ec:uiriment, storm and screen wi -d_o s, drinrSr Awnin "c --A
<br />or ?te.eaiter attached to, or built in, any building or improvement
<br />now or hereafter located thereon, (iii) all easements and rights of
<br />:ca.- appurtenant thereto, (iv) , all leasehold estate, right, title
<br />and interest of Trustor in anti to all leases, whether now or
<br />hereafter exi.stina or entered into (including, without limitation,
<br />all cash and security deposits, advance rentals and deposits or
<br />payments of a similar mature), pertaining thereto, (v) all rents,
<br />is-,ups, profits and income the =reirom (subject to the right of
<br />Trurtcr to collect and apply such r(>nts, issues, profits and income
<br />a =5 t -hf y bee: �mc du= and payabl'a so loner as no event of default
<br />her�_uiider) , (vi) all ro, r'l ties. minc>> al , oil and gas rights
<br />i1(3 Tirofits, water, Water r.i(t?it , ;-,nd wat. r stock, (vii) all
<br />t, r'n'.< ;, !ioreditamont.s, Pri.vilegt,s -3rd appurtenances belonging,
<br />ciljov_d in counect.iur) Ihl- rs-w.ith, and Vi ii) nk2 F:f
<br />is
<br />
|