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87- 105264
<br />WITNESSETH:
<br />TV THIS BOX IS CHECKED [ 1 THIS DEED CONSTITUTES A
<br />CONSTRUCTION SECURITY AGREEMENT UNDER THE NEBRASKA
<br />CONSTRUCTION LIEN ACT AND CREATES, 'RANTS AND
<br />CONSTITUTES A CONSTRUCTION SECURITY. INTEREST IN THE
<br />PROPERTY DESCRIBED HERl'sINBrLOW,
<br />WHEREAS, Trustor is indebted to Beneficiary in the principal
<br />sum of NINETY -SIX iWUSAND FIVE HUNDRED TWENTY -FIVE AND N01100 Dollars
<br />($%,525.00 ), which indebtecliiess is evidenced by Trustor Is
<br />promissory note dated April 29 , 19 87 (hereinafter
<br />alled the "Note ") , payaple to tice order of Beneficiary and having
<br />a maturity of Ma 1 1992
<br />NOW, THEREFORE, for the purpose of securing:
<br />(a) payment of the Note, together with interest thereon, late
<br />charges, prepayment penalties, 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 performance 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 repayment of all other sums or future advances, with
<br />interest thereon, 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 of which is hereinafter collectively called the "Indebtedness ",
<br />Trust.or irrevocably grants and transfers to Trustee, in trust, WITH
<br />POWER OF' SALE, the following described property:
<br />Lots 3, 4, 5 and SR of Section 36, Township 10 North,
<br />Rage 10 West of the 6th P.M., in Hall County, NE.
<br />toe; ether with (i.) all buildings, structures, additions,
<br />onl-u-q-mcnts, modifications, repairs, replacements, and
<br />improvements now or hereafter located thereon, (ii) all equipment,
<br />m "(•i)inery and fixtures (including without limitation, all Lighting,
<br />Beating, ventilating, cooling, air conditioning, sprinkling and
<br />plumbing fixtures, water and power systems, engines, boilers,
<br />ranges, ovens, dishwashers, mirrors and mantels, carpeting,
<br />furl) aces, oil burners, elevators and motors, refrigeraton plants or
<br />units, communication systems, dynamos, transformers, electrical
<br />equipment, storm and screen windows, doors, awnings and shades) now
<br />or hereafter attached to, or built in, any building or improvement
<br />now nr hereafter located thereon, (iii) all easements and rights of
<br />xa.y appurtenant thereto, (iv), all leasehold estate, right, title
<br />and . interest of Trustor in and to all leases, whether now or
<br />hereafter ^r:isting or entered into (including, without limitation,
<br />X17.
<br />cash and security deposits, advance rentals and deposits or
<br />paym, >ntE of a similar nature) , hortaining thereto, (v) all rents,
<br />isc:ues, profits and income the- ,refrom (subjoct to the right of
<br />'truster to collect and apply such ro nts, issue ,, profits. and income
<br />as t.hc•y become clue and payable so long as no event of default
<br />h( xc unctc,r), (vi.) all ro.k ilivies. mineral, oil and gas rights
<br />anc9 prcfi.ts, water, water r:i(flhts, and water stock, (vii) all
<br />hor.editaments, privileges and appurtenances belonging,
<br />u,, d )r "11 toyed i.n connection therewith, and (viii) all proceeds of
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