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<br />20120055i
<br />The property is located in ... Hal l„ CountY ..................................... at .....................................
<br />(County)
<br />„5451„W, R Rd „ Doniphan,l�TE„68832 Nebraska ..68832„
<br />...... ........................ ................,
<br />(.Kddress) {CitY) (�IP Code)
<br />Together with all rights, easements, appurtenances, royalties, mineral rights, oil and gas rights, all water and
<br />riparian rights, ditcaes, and water stock and'all exisiing and future improvements, structures, fixtures, and
<br />replacements that may now, or at any time in the future, be part of the real estate described above (all refened
<br />to as "Property").
<br />3. MAXIMUM OBLdGATION LIMIT. The total principal amount secured by this Security Instrument at any
<br />one time shall not exceed $ Zo,,000 , This limitation of amount does not
<br />include interest an�l other fees and charges validly made pursuant to this Security Instrument. Also, this
<br />limitation does not apply to advances made under the terms of this Security Instrument to protect
<br />Beneficiary's security and to perform any of the covenants contained in this Security Instrument.
<br />4. �ECiJI�EI) D��T APdD F[J�UR� AY�Vf1NG�S. The Y�rm "�iecured Debt" is defined as follaws:
<br />A. Debt incurred under the terms of a11 promissory note(s), contract(s), guazanty(ies) or other evidence of
<br />debt described below and a11 their extensions, renewals, modifications or substitutions. (You must
<br />specifically identify the debt(s) secured and you should include the fire�l maturity date of secch debt(s).)
<br />Note Dated November 19, 2011 In The Amount Of �10,000.00
<br />Accruing At a Fixed Rate With A Maturity Date O November 25, 2016
<br />Said Loan In The Name(s) Of Claude Glenn
<br />And Ingrid, Glenn
<br />B. All future adt�ances from Bene�ciary to Trustor or other future obligations of Trustor to Beneficiary
<br />under any promissory note, contract, guazanty, or other evidence of debt executed by. Trustor in favor
<br />of Beneficiary after this Security Instrument whether or not this Security Instrument is specifically
<br />referenced. If more than one person signs this Security Instrument, each Trustor agrees that this
<br />Security Instntment will secure all future advances and future obligations that aze given to or incurred
<br />by any one or more Trustor, or any one or more Trustor and others. All future advances and other
<br />future obligaaons are secured by this Security Instrument even though all or part may not yet be
<br />advanced. All future advances and other future obligations aze secured as if made on the date of this
<br />Security Instrument. Nothing in this Security Instrument shall constitute a commitment to make
<br />additional or �future loans or advances in any amount. Any such commitment must be agreed to in a
<br />sepazate writ�ng.
<br />C. All other obligations Trustor owes to Beneficiary, which may later arise, to the extent not prohibited by
<br />law, including, but not limited to, liabilities for overdrafts relating to any deposit account agreement
<br />between Trustor and Beneficiary.
<br />D. t�ll a�ic��tior,a4 sums advanc�d and expenses incuired by �eneficiary for iIISiiY1Rb, preserving or
<br />otherwise protecting the Properry and its value and any other sums a�vanced and expenses incurred by
<br />Beneficiary tta�der the terms of this Security Instrument.
<br />In the event that Beneficiary fails to provide any required notice of the right of rescission, Beneficiary waives
<br />any subsequent security interest in the Trustor's principal dwelling that is created by this Security Instrument.
<br />5. DEED OF TRUST COVENANTS. Trustor agrees that the covenants in this section are material obligations
<br />under the . Secured Debt and this Security Instrument. If Trustor breaches any covenant in this section,
<br />Beneficiary may refuse to make additional extensions of credit and reduce the credit limit. By not exercising
<br />either remedy on Trustor's breach, Beneficiary does not waive Beneficiary's right to later consider the event a
<br />breach if it happens.�again:
<br />Payments. Trustor agrees that all payments under the Secured Debt will be paid when due and in accordance
<br />with the terms of the Secured Debt and this Security Instrument.
<br />Prior Security Inte�ests. With regard to any other mortgage, deed of trust, security agreement or other lien
<br />document that created a prior security interest or encumbrance on the Property, Trustor agrees to make all
<br />payments when due and to perform or comply with a11 covenants. Trustor also agrees not to allow any
<br />modi�cation or exfension of, nor to request any future advances under any note or agreement secured by the
<br />lien document with.aut Beneficiary's prior written approval.
<br />Claims Against Tfi41e. Trustor will pay all taxes (including any tax assessed to this Deed of Tnast),
<br />assessments, liens, encumbrances, lease payments, ground rents, utilities, at�d other ch;.rge� ielating to. the
<br />Property when due. � Beneficiary may require Trustor to provide to Beneficiary copies of a11 notices that such
<br />amounts are due and the receipts evidencing Trustor's payment. Trustor will defend title to the Property
<br />against any claims that would impair the lien of this Security Instrument. Trustor agrees to assign to
<br />Beneficiary, as requested by Beneficiary, any rights, claims or defenses Trustor may have against parties who
<br />supply labor or materials to maintain or improve the Property. .
<br />Security Instrumerrt-0pen-End-Consumer-NE OCP-REDT-NE 7/2/2011
<br />VMP� Bankers SystemsTM VMP-C485(NE) f71071.00
<br />Woltars Kluwer Financial Servicea 01994, 2011 Page 2 of 8
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