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<br /> =� : �Y - . . 91-102�30 ---
<br /> �, � - �-���y�' t'ONSTRUCTION SECURITY AGREEMENT __
<br /> .'� .- . ' ACK OWL QC�EMENT DEED OF TRU8 �'''."`
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<br /> ' � -` '�.�. _..;•r.;..1.n
<br /> , , , ; �;,�° � � 80ItNOWER R�AQ THIS SEFORB 6IGNINGs � --- - -�--
<br /> ,y`�, -i..,�,�,c. -x.rs7-
<br /> • �. ••.� ' Horrower, whether one or more, understands that tha document - � �� W�
<br />�"'� �• � � that the Borrower is about to execute is a Deed of Trust and not _____
<br /> ;:7 : :,��'1 a mortgaqe and Chat the power of sale provided for in the Deed o-g ____
<br /> � Trust pxovides suba�antially different riqhts and obliqations to ��_�
<br /> " the Borrower than a mortqage in the ev�nt of a dafault or breach ��,����._�:_
<br /> o..:: of obligation uncler the Deed af Trust, includfng, but not limfted = �_.
<br /> � � t o, t h e L e n d e r's r i ght to have the Property sold by �he Trustee „-. , ...,..��.+
<br /> ��� .� withaut any judicial proceeding. eorrower repreaen t s a n d �ar�o:,r.�,.,_..
<br /> ` � ..L�t:.--.
<br /> � -,� v ���ti�•''��� •� warxants that this acknowledgement was executecl by it before the
<br /> ',. ......... ..... �xeaution of the Deed of Truat. S[ipER 8 1[71�,. INC ��n�` .---_��
<br /> I . ,!, ,. ��� 1�/�""' -__- _ -��.�� --
<br /> , . .� By: �� �.�A � �..-_ ------
<br /> � , 'lii� -:'r; . oud, ident �,. "�'— -
<br /> �,�s_�. . .:c.:arrr�
<br /> ' ��!.,'' •1 ��,,'..�' .r�:n:--
<br /> ��'�y"�(P'..� ' n ��' ' - -
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<br /> . ;� "eorrower" �j. � `
<br /> � :.�s�;W�''. .:. .�r ;�1.�1;��:`Y::'�:�;'—
<br /> ;:; '+'��r � �,. ��.-r�'�r�'1, '�.'
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<br /> :��: _�:j:;' �.�sa�
<br /> �a�';.fti;;;t't .''� • SECURI�Y 31GREENa�1T ';�° �'�tR��
<br /> ,,� ;.� .::. , CONSTRUCTION '.' �'�� ��`""--
<br /> _ , ,.` .•� — �e JnS �:r�� ���;,,�.��.
<br />� -:_ ,,, 1..:;r'��— DEED 4F�t T .ti��. .-"��,.��._-�--�-
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<br /> . . j .. fi�.'.,'ti�IJ:�• ��[t:.
<br /> ` •� ����'` Intendin to cr��te a Construction Security Interest in �'•�,;� . .rr:�.��.;_
<br /> 9 .� � ,': ,,-,_:
<br /> � ;!'"'f}: ` accordance with the 1v�bxasDca Construction Lian Act, thia DEE� OF , f �� ,
<br /> ,� �.t� ,�;��., 19 91 , b},• and �r,.;�• _ ..
<br /> `��' �� TRUST is made as of tb�� 6�t�, day of 6sa.v . � ��:�_
<br /> �;'r;,��i.�. r•r. , '�W�hose � }�
<br /> � . �;°•�' among the Trustor, h1cCloud�neSu r 8 Nbtel Inc �'��'�� ��''��
<br /> t .. , ;...,� . �
<br /> . � . mailing address is � 2603 South Locust Grand IslAnri x�: F�n1 i,
<br /> ° �� (�oes$in "Borrower", whether one or moxel , the Trustee, ,,.., �;��_
<br /> " ���i'?^ �`a Arend R. Ba.a�ck , Attorney at Law► whose m� n�9— � ���r--
<br /> . ,/}r. - (herein � , ...�'
<br /> •'.,),.��. ;�: -*� O. Box 790 Grand I 1
<br /> :,��, '��-► . a ress is �. •
<br /> �,'.�eza` "�ruatee") , and the BeneFic ary, Tt1E OVERLAND NATIONAL BANK OF , :,. ,�t
<br />. ° . _,+,` GI��1D ISLAND, whose mailing address is 304 West Third Street, �'; .�,�;.; .��,.'.M`
<br /> � � p. O. Box 1688, Grand Island. Nebraska 68802-16�8 (herefn �„r,. ._,�
<br /> � �--
<br />, ' , :" .t��y;•. •14��;{�,ti„=
<br /> : .:,;:rr "Lender") . � �� � '-
<br /> t�.�<�.�.. • ;��;1'ca:._.`
<br /> V FOR VALUABLE CONSIDE3�caTION, includia�� tfine �ndebted�ess t,��� ���� ��
<br /> • identified herein and trust herein created i�or tl��e purpose o�
<br /> �,ti�,;
<br /> '`'�'"` makinq improvements to the real es�ate hereinafter described, the ; • �,;r�,.l_
<br /> .�;:.;�;. t '.�
<br /> � " �•�'S�;;ri receipt of which is hereby ackn�w3�edlged, Borrower hereby G:
<br /> .} ',��;;;,�,��• ' � irrsvocably grants, transfers, conveys aa�d assigns to Truate�e, IN F,: ��
<br /> '��c�:} 't".r�.`; ,"., TRUST, WITH POWER OF SALE, for the benefit and security of �';,...�;, ����-�.
<br /> � '",.i���,-' nder under and subject to the terr.+s anc3 conditions hereinafter . _
<br /> �, Le .
<br /> . ,� J ws:
<br /> . as follo � �,�;;�
<br /> � '� � ,:�;:i� ��. me� forth, the real property, descrcimed �
<br /> , .�
<br /> :;�, ,ri : •
<br /> � See Attached "F�chibit A^ � • � .
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<br /> ' ' Toqether with all buildings, impr��ve�uents, fi.ctures,
<br /> • streets, alleys, passaqeways, easements, riqhts. �rivileges and
<br /> � ' �' � ag�purtenances located thereon or iao anywise pertaiasing thereto,
<br /> a.,� *t,e rents. issues and profits, reversions an� remainders
<br /> ^ thereof, and such personal property that is atcacaeci Lv ��'.�
<br /> improvements so as to constitute a fixture, including, but not
<br /> �imited to, heating and coolinq eqn�ipmentt and toqether with the
<br /> hoaestead or eearital interestc, if any, which i�nterests are
<br /> herehy reTeased and waived; all of which, including replacements
<br /> and additsons thereto, is hereby declared to be a part of the
<br /> � real estate secured by the lien of this Deed of Trust a�d aIl of
<br /> ' �e fc�regoinq being referred to herein as the "�roperty".
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