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<br /> <br />12.4884/4X <br /> <br />84,- 081.8 <br /> <br />r <br /> <br />DEED OF. TRUST <br />AND SECURITYAGREEMBNT <br /> <br />[THIS IS A CONSTRUCTION SECURITY AGUIMINT!l!!I~r1.'i <br />MEANING OF THE NEBRASKA CON8TRUCTIONLmIlCA'Ql.t,} <br /> <br />THIS DEED OF TRUST. made this ~ day of <br />among GRAND ISLAND SOUTH INVE~S. Ii Neb <br />partnership. as Trustor. JOSEPH POLACK, Attorney <br />Continental Building. Omaha. Nebraaka 61111. U <br />CONTINENTAL MORTGAGE CO.. a Nebraska corporatiOD. <br />Circle, SuUe 240. Omaha. Nebraska 68114, as Beneficiary: <br /> <br />WITNESSETH: <br /> <br />That Trustor irrevocably grants, transfers and ualplll to T1'1I8tee <br />in trust, with power of sale, the following described Real Betate: <br /> <br />A tract of land comprising a part of the South Half of the <br />Southwest Quarter (81/2 8Wl/4) of Section Twenty 5evm (1'1). <br />Township Eleven (11) North, Range Nine (9) West: of the 8th <br />P . M. in Hall County, Nebraska, more particularly described aa <br />follows: <br /> <br />Beginning at the Northwest corner of said 81/2 8"1/4; <br /> <br />thence southerly along the West line of said 5"1/4, a <br />distance of 73.00 feet; <br /> <br />thence deflecting left 88041'13" and running easterly, III <br />distance of 168,00 feet; <br /> <br />thence deflecting right 88030'15" and running southerly. a <br />distance of 74,64 feet to a point on the easterly right-of-way <br />line of Locust Street. this being the actual place of beginning; <br /> <br />thence continuing southerly along the last describad <br />course and along said right-or-way Une, Il distance of 46.65 <br />feet to a point of curvature: <br /> <br />thence southwesterly along the arc of a curve whose <br />radius is 93,15 feet (the initial tangent of which coincides with <br />the preceding course produced), an arc distance of 53.28 feet <br />to another point of curvature; <br /> <br />thence southwesterly Idong the arc of a curve whose <br />radius is 272,48 reet (the initial tangent of which coincides <br />with the final tangent of the preceding curve produced), an <br />arc distance of 154,50 feet; <br /> <br />thence running southerly along said right-of-way line Ilnd <br />along the final tangent of the preceding curve produced. R <br />distance of 262.10 feet; <br /> <br />thence easterly along the north line of the SI/2 SW1/4 <br />8Wl/4. Ii distance (If ~64 .110 feet: <br /> <br />thefl(~e deflecting left 91 "33'05" and running northerly, a <br />distance of 229.23 feet; <br /> <br />thence dil'!'flecUng right 88"15'01" Bnd running easterly Il <br />distance of 56. '{ 4 feet; <br /> <br />L <br /> <br />thcnee deflecting left 88"1 [;'01" lind runninp,' northerly, It <br />distance of 195.40 f(>f1t: <br /> <br />thence f\pneeting Il!!!ft 90"'06' HI" find rmwin!\ west,~rlv. II <br />(\i!ltIl.I'lC~ of 6.11 feet to Il pnlnt of (~UrVf1tllr€'; <br /> <br /> <br />~ <br />