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<br /> I WHEN RECORDEO MAIL T0: �
<br /> UNITED MEBRASKA BANK �\� _�-
<br /> 700 N WEBB RD � --
<br /> PO BOX 6018 tl:�
<br /> � GRAND ISLAHD,HE 6�02
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<br /> '�' SPACE ABOVE THIS LINE 19 FOA RECORDER'S USE ONLY � --
<br /> � �`
<br /> � DEED OF TRUST ��
<br /> �._.
<br /> '� THIS DEED OF TRUST IS DATED DECEMBER 31, 1997, among OAKCREEK DEYELOPMENT, INC., A �
<br /> { NEBRASKA CORPORATION, whose eddresa is 4016 GREENWOOD DRIVE, GRAND ISLAND, NE 68803
<br /> . # (referred to below as "Trustor"); UNITEO NEBRASKA BANK, whose eddreas la 700 N WEBB RD, PO BOX ��.-
<br /> . � 5018,GRAND ISLAND, NE 6NK 2whoaeredd es'is 700 NtWEBB RD eGRAND SLAND i NE 68803 (eferred t,o
<br /> , and UNITED NEBRASKA BA , �,_
<br /> below aa"Truatee"). �
<br /> � � CONVEYAHCE AND(iRANT. For vdueble conalderatlon,Tru=tor convey�to Trwtee In lrwi,WITH POWER OF SALE,(M the bM�rit of ��_
<br /> . �� �AJr
<br /> � Lender ea Beneflclary, en of Trustor's right, titie, and Interest In and to �he fW�QWh�o,e�a band eppur�tana es;s�h aleritWnlO�riGhts e d
<br /> subsequently erectod or a(fixed bulldings,Improvements and flxtures;all easements,rty Y� �r
<br /> ~ ` dilch rphtsltatio'ndallremine els, oll,itgaswgeothehmal Ia ndtslml a�rhm8tter5,IOCAtEdglll�H I�LL�ountyfi S te te o t N ebre�ake(thenctu�del� �J.'
<br /> I wlthqUl Ilnt 11 �: -
<br /> PfOpCrlSl )� ��.
<br /> � LOT SIXTEEN (16), WESTWOOD PARK THIRD SUBDIVISION, IN THE CITY OF GRAND ISLAND, HALL �`'=.
<br /> , •.
<br /> j COUNTY, NEBRASKA. �'•-
<br /> � The Real Property or Its address is commonly known es LOT 16, WESTWOOD PARK 3RD SUBDIVISION,
<br /> ; GRAND ISLAND,NE 68803.
<br /> �
<br /> Trusior presently assigns to Lender(also kno�vn as Beneficlary In this Deed of Trusl)ell of TruStors rlghi,tftle,and Interest In and to flll present an
<br /> �� luture leases of the Property and all Rents hom Ihe Property. In addltion,Trustor granls Lender a Unitorm Commerclal Code seCUrity Interest In ihe
<br /> Renls and Ihe Personal Property defined below.
<br /> � DEFIHITIONS. The tollow�ng words shali heve the following meanings when usod In thls Deed of Trust. Terms not othe�wise deflned In thls Deed ot
<br /> � T�usi shell have the meaNngs aHribuied to such terms In the Unlform Commerclal Code. AA referencas lo dollar nmounts sha�l mean amounts In
<br /> lawful money ol lhe Unfted States of AmeriCe.
<br /> BeneflClery. The word '8snefiCla7' means UNITED NEBNASKA BANK, Ils successnrs and assigns. UNITED NEBRASKN BANK elso Is
<br /> referred to as'Lendo�'In►hfs Deed of Trust.
<br /> Deed Of TrUBt. The words"Deed o�Trusl"mean Ihis Deed of Trust among Trustor,Lender,flnd Trustee,and InCludes wiihout Ilmltetion all
<br /> a»:......,
<br /> ...,�,...a����.�n,in�uracl orovisions relflling to�hQ Personal Property end Rents. ^n�� i�
<br /> ti..............----- � • ___�_.,_..
<br /> . .. �
<br /> Gu�rEntOr. The wOrd "Guaranlor" meuns end inCludes wilhout limitabon any flnd ell guaranlors, sure��es, ena ncc����������•����r�••-- � I
<br /> ConnBCtion wfih the Indebtednpss. ,
<br /> Improvements. The word "Improvomonls"means and includos withoul Ilmflatlon all existing pnd future�mprovements, buildings,siructures,
<br /> mobde homes aHixed on tho Real Property,}eC�lities,addltlon5.�ep�flCements end other ConstruCtfon on the Real Property
<br /> Indebtedness. The word'IndebteJness"means all principal and Interest paYable under ihe Note and any amounts expended or advanced by
<br /> 1 Lender to discharge obligations ot Trustor or expenses Incurted by Truslee or Lender to enforce obllgatlons of Trustor under thls Oeed of Tru3t, 1
<br /> logelher wilh Intoresl on such amounts as provided In thfs Deed of Trust. In addiUon lo the Note, the word "Indeblednoss"Includes all
<br /> obligations,debts and Ilabllitles,plus interest thereon,of Trustor lo Lender,or any one or more ot ihem,as well as all clalms by Londer agelnsl ,
<br /> Trustor,or any one or more of Ihem,whe�her now exlst�ng or hereafler er�5ing,whether related or Unrelated to iho purpOSe of ihe Nole,whelher �
<br /> volunlary or otherw�se,whether due or not due,absolute or conlinpont,Iiquideled or unliquldated and whelher Trusior may be liable Individually i
<br /> or �omtly w�ih others,wholher oblffleted as guerantor or otherwise, and whether recovery upon such Indebtedness may be or heroaNe�maY I
<br /> become ba�red by eny slatutu of limllalions, and whelher such Indebledness may be o� hereaHor may bocome otherwise unentorceable. i
<br /> �Initlel Here 1 � I
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