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<br />THIS INSTRLJMENT PREPARED BY: AFTER RECORDING RETURN TO: R.�',JV �/1 JI'
<br />Home Federal Savings & Loan Association of Home Federal5avings & Loan Association of
<br />Granal Island Grand Island
<br />221 South Locust Street 221 South Locust Street
<br />Grand Island, NE 68801 Grand Island, NE 68801
<br />(Space Above This Line For Re�ording Data)
<br />� CONSTRUCTION SECURITY AGREEMENT
<br />FUTURE ADVANCES AND FUTURE OBLIGATIONS ARE SECURED BY THIS REAL ESTATE DEED
<br />OF TRUST
<br />This COMMERCIAL CONSTRUCTION REAL ESTATE DEED OF TRUST ("Security Instrument") is made on
<br />September 29, 2011 by the grantor(s) KENNETH L TRIPLETT, an unmarried person, whose address is
<br />4716 TARA COURT, GRAND ISLAND, Nebraska 68801("Grantor"). The trustee is Arend R Baack, Attorney
<br />whose address is P.O. Boa 790, Grand Island, Nebraska 68802 ("Trustee"). The beneficiary is Home Federal
<br />Savings & Loan Association of Grand Island whose address is 221 South Locust Street, Grand Island,
<br />Nebraska 68801 ("Lender"), which is organized and elcisting under the laws of the United States of America.
<br />Grantor in consideration of loans extended by Lender up to a maximum principal amount of One Hundred Sizty
<br />Thousand and 00/100 Dollars ($160,000.00) ("Maximum Principal Indebtedness"), and for other valuable
<br />consideration, the receipt of which is acknowledged, irrevocably grants, conveys and assigns to Trustee, in trust,
<br />with power of sale, the following described property located in the COiTNTY of HALL, State of Nebraska:
<br />Address: 4060 E HWY 30, GRAND ISLAND, Nebraska 68801
<br />Legal Description: Lot Twa (2), Ricf-�t�ndeven Subdivision, Hall County,ldlebraska, ezcepting a tract of
<br />Land more particularly described in Warranty Deed recorded as Document No. 200308995;
<br />excepting a tract of land more parl3cularly described in Deed of Correct3on recorded as
<br />Document No. 200313515; and escepting a tract of land more particularly described in Correction Deed of
<br />Correction recorded as Document No. 200602390.
<br />Together with all easements, appurtenances abutting streets and alleys, unprovements, buildings, fixtures,
<br />tenements, hereditaments, equipment, rents, income, profits and royalties, personal goods of whatever description
<br />and all other rights and privileges including all minerals, oil, gas, water (whether groundwater, subterranean or
<br />otherwise), water rights (whether riparian, appropriate or otherwise, and whether or not appurtenant to the above-
<br />descn�bed real property), wells, well permits, ditches, ditch rights, reservoirs, reservoir rights, reservoir sites,
<br />storage rights, dams and water stock that may now, or at any time in the future, be located on and/or used in
<br />connection with the above-described real properiy, payment awards, amounts received from eminent domain,
<br />amounts received from any and all insurance payments, and timber which may now or later be located, situated, or
<br />affixed on and used in connection therewith (hereinafter called the "Property").
<br />This is a PURCHASE MONEY DEED OF TRUST.
<br />RELATED DOCUMENTS. The words "Related Documents" mean all promissory notes, security agreements,
<br />prior mortgages, prior deeds of trust, business loan agreements, construction loan agreements, resolutions,
<br />gua.ranties, environmental agreements, subordination agreements, assignments of leases and rents and any other
<br />documents or agreements executed in connection with this Security Instrument whether now or hereafter existing.
<br />The Related Documents are hereby made a part of this Security Instrument by reference thereto, with the same
<br />force and effect as if fully set forth herein.
<br />INDEBTEDNESS. This Security Instrument secures the principal amouat shown above as may be evidenced by a
<br />promissory note or notes of even, prior or subsequent date hereto, including future advances and every othef
<br />indebtedness of any and every kind now or hereafter owing from Grantor to Lender, howsoever created or arising,
<br />whether primary, secondary or contingent, together with any interest or charges provided in or arising out of such
<br />indebtedness, as well as the agreements and covenants of this Security Instrument and all Related Documents
<br />(hereinafter all referred to as the "Indebtedness").
<br />FUTURE ADVANCES. To the extent permitted by law, this Security Instrument will secure future advances as if
<br />such advances were made on the date of this Security Instrument regardless of the fact that from time to time there
<br />may be no balance due under the note and regazdless of whether Lender is obligated to make such future advances.
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<br />� Zooa-zoi i cA�u�� s�r�, Ina CAFO-SOOC - 2010LI.15.441
<br />Commercial Conahuction Security Ivstrument - DLA007 Page 1 of 5 a'�'•�P��YB�•�
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