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<br /> CONSTRUCTION SECURITY AGREEMEr1T
<br /> DBED OF TRUST
<br /> Intendinq to create a Construction Security Interest in
<br /> accordance with the Ne2ssasjca Construction Lien Act, this DEED OL''
<br /> TRUST fa made as of the 31at day af October . .�, ��1�
<br /> ig b a
<br /> amonq the Trustor, xobert L Sorenaen and Hariorie J. 8orenaen. � Wife
<br /> mailing address is 819 Weat 14th Street� Grand Island NE 68$O1
<br /> (hesein ��rrOw@�'�• whet er onA��orney at Law, whose ma—� n�—
<br /> . Arend R. Baack • (herein
<br /> a ress s P. o. Box 790 Grand Islan T� o�R�D NATIONAL BANIC OF
<br /> "Truatee") , and the Beneficiary,
<br /> �n IgI.�1ND� Whose maili.nq address ia 304 f�Test Third Street.
<br /> p. O. Box 1686, Grand Island, �lebraska 68802-1688 thereit�
<br /> .. _ .
<br /> � �I.�ndex"I . _ _....... ._._.- -
<br /> FOR VALUABLE CONSIDERATION, including the indeuied$esQf �
<br /> identified herein and trust herein created for the p 1�
<br /> makinq improvements to the real estate hereiaafter described, the
<br /> seceipt of which ia hereby acknowledqed, Borrower hereby
<br /> irrevocably grants, firansfer fo�°�eYbenefi san Ssecurity of IN
<br /> ' TRDST, WI�H POWER OF S�1L8,
<br /> , ��dgort,ti,�thearealuproperty, descr bedaas followsone hereinafter
<br /> set
<br /> � Lot Four (4) in Block Twelve (12) in Gilbert�s Second
<br /> Addition to the_C;*° of_Czand is e�a_ xIA�l Ce,+.+tv. -_
<br /> Ne
<br /> i
<br /> Toqether with all buildinqs, ��L�X����CS• rivileqes�and
<br /> streets, a►ileys, paesageways, easements. rights, p
<br /> appurtenances located thereon cr in an�s+ise gertafning theref_a,,
<br /> and the rents, issues and pro€its, reversions and remainders
<br /> thereof, and auch personal property t�ia� is attached t�o t not
<br /> improvementa so as to canai�itute a fixture, including,
<br />� limi�e8 'co, r.eating and eoc�ling eaufpment:whi htintereaceita e he
<br /> homestead or marital interests, if any,
<br /> hereby released and waived; all of Which,
<br /> includinq repiaceaieats
<br /> and additioas thereto, is hereby declared to be a part of the
<br /> thelgoreqoingebeing referred to herein asethe�Property»� all of
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