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<br /> CONBTRUCTION B�CIIRITY AOREEMENT
<br /> 1�CKNOWLEAGE NT �' DEED OF TRUST
<br /> a
<br /> •N..
<br /> 80RROII�R RSAO THIB BEFORE SIl'iNIN�it
<br /> �� � ' Borrower, whether one or more, anderotanda �hat the doaument
<br /> � ` that the Borrower io about to execu�e ia a Deed of Truat mnd not
<br /> "_'� �����: a mortgage and thdt the power of eale provided for in the Deed o�
<br /> � � _:-..:;. : �.
<br /> Trust pxovides substant3ally different r:tgk�ts and obliqations to
<br /> s' �:�--��;,:;� the Borroaer than a martqage in the event �f a default or breach
<br /> �,,:;:�'• "-'��•�����`:?�'• af al�ligation under the Deed of Truat , �.ncluding, but not bitc�ited
<br /> ::,'�>x•�: �:`,.f,��wr�,; �
<br /> ,,;',et�.�..;-,,.;,;���� to, the Ler�dex a right to have the. Prqpexty aold b�r the Txustee
<br /> ��.�:�rr �::?;s� w3thout an udicia]. roceedin . Bar�ower re reaents andl
<br /> ,. ,���}' , 1;;,�,� Y � P 9 p
<br /> "''E�'�j'�� warrants that thia aaknowledgement was executed by i� lmefore �h�
<br /> „�,i;;,;:,�.y:t'a�: ?;.��'.��,,•.;:�i.�:4,:•,:;� ,.
<br />��i;; ,:;{ ;, t��.� ��;.F�,{ ;� exeout�.on oP �de �eeal of Trust.
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<br /> .,{ ' '�'�,'. �s� ���;.,,,�. Michasl P. nea a ���ti
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<br /> . '.-:�,:�i�:_.���'`�- `_'I���C�-1..� ��w�o 1�-�*�'��
<br /> .�,r, ;:,, �: r,.., ;. Michall� D�alo4 Kn�ole
<br /> . , "eorrowez"
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<br /> ' • c�•' "..:,',:�......;: ' C9NSTIt!]CTION SECURIZ`Y A(3AE�MEN'!.' �;`�
<br /> '. a .- ' DEED OF TA T ,
<br /> , ' ����
<br /> . � ' , intending to areate a Construc�ion 3ecurity Interest in �,'�;
<br /> •;�"i-�:,• accordance with tihe Nebraska Conatruction Lien Act, thia DEED OF .
<br /> ' . �� `".' • TRUST ia made as of the 23rd day of Sevtember , 19 93 }, d '
<br /> � �. among the Trnator, Michael P. Kneale and Michelle Denise ttneale�s$���d Wife
<br /> ,�
<br /> �o '� mail inc,y addrese is S4 St. James Place. Gram� Island. N� 68803
<br /> (hereiri "eorrower" , whether one or more) , the Trustee, ��``�
<br /> '�,'. . . , . �, •c;:{J
<br /> ��• � • Arend R. Baack , Attorn�y at Law, whose ma3.�— ��:,�
<br /> � ,�' ; �ia;`ti•�=' : :,.:,',r;:' a ress s P. 0. Box 790 Grand Island NE 688m2 (herein ��"
<br /> '. � ,:`:�.,. r��'•<`.: �-.:,::x • "Tru�stee") , and the Benef3.a ary, THE 0�8R�,AND NATIONAL BANK OF �.�
<br /> �: .� � ,��'::':+`='�,•'�;n*u��•��• GRAND ISLAND, whose mailinq address is 309 West Third Street,
<br /> �' �`."''';. P. O. Box 1696 , cirand island, Nebraska 68802-�688 (herein ���+
<br /> ;�;, � � � "Lender") .
<br /> 1�. ,: �.... . :,�,.
<br /> �;' ;l '.t - .Ys.•._='" -
<br /> ';`i:� '� �� FOA VALUABLE CONSI�ERATIOB➢, irncludinq the indebtedness
<br /> " identified herein and trust herein created for the purpoae of
<br /> �,�� � making imaprovetaents to the real estate hereinafter described, the ��
<br /> ''' 9`� �,,_a,-`��::�"���:;.'� receipt a� wh�tch is hereby acknowledged, Borrower hereby
<br /> •� '"� � ��'�'''��,'`' ixrevocably grar�ts, trar.sfers, conveys and assigns to Trustee, IN ;�
<br /> • �:.' ��r �"y'�'�'''� ' TRUST� WITH POWER OF S9�LE, for tt�e benegit and security of �
<br /> :ir•.��,'� ,
<br /> �.� ; y;,�,�;,�. . ._ Lender, under and subject to the terms and conditians hereinafter ,�4
<br /> �, .,. ; �� ... set forth, the real property, described as fallows: ��
<br /> !` � � • , ��:
<br /> .,,�,. � �� Lat Ten (10), Morningside Acres Subdivision in the City :,
<br /> � . o ran s an . e ounty. e ras a. .i'
<br /> ��. . �� '. .
<br /> .�. 'Y... r
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<br /> 't•�i� �,�. i
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<br /> � Together with all buildings, improvemente, fixtnres,
<br /> � �. � ��: streets, alleys, passageways, easements, rights, privilegea and ,
<br /> aApu�rteaances located thereon or in anywise pertaining thereto,
<br /> °' '� � � and the rent�, issues and profits, reversions and remainders ;
<br /> `fi:. 4�
<br /> ��� ' � � thereof, and such personal propertiy that is attached to the
<br /> �,.i, , �•� c '-.'�' .� ,'�., ', improvemente eo as to conetitute a fixture� including, but not
<br /> � � , • limited to, l�eatiinq and cooling equipment� and together with the
<br /> �•� 1 � r; •� .;;�'!'.J:���:�� homaetead or marital 3nterests, if any, which interests are
<br /> �'�� "f;1 '"'���5��-:' �, hereby released and waived: all of which, includinq replacements
<br /> � ° .;_ �i'�`�''��`��' � and edditions thereto, is hereby declared to be a part of the
<br /> .. , . ....
<br /> ,�,� �,:',.,�, real eetate secured by the lien of thie Deed of Trust and all vf
<br /> the foregoing being referred to herein as the "Property". �
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