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' 201201�2�
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<br />The ro e �s located m Hall.......... ....
<br />P P �, • • I � ,1324 I,I H�ncock Ave
<br />........................... ..... I... at ......................
<br />(Counry)
<br />..................................................... ................Kearne � .....I........, Nebraska ........G$8A3.........
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<br />(Address) (Gity) (ZIP Code)
<br />Together with all rights, easements, appurtenances, royalties, mineral r�ghts, oil and gas rights, all water and
<br />riparian rights, ditches, and water stock and all existing atXd futut�e improvements, structures, fixtures, and
<br />replacements that may now, or at any time in the future, be part of '�the r�al estate described abave (all referred
<br />to as "Property �I
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<br />3. MAXIlVIiJM OBLIGATION LIlVIIT. The total principal amount !secuied by this Security Instrument at any
<br />one time shall not exceed $ .78,OOU.AO ... ... ... ... ... ... ... ......... ... . ;This , limitation of amount does not include
<br />interest and other fees and charges validly made pursuant to this � Sec�irity Instrument. Also, this limitation
<br />does not apply to advances made under the terms of this Security �nstrument to protect Beneficiary's security
<br />and to perform any of the covenants contained in this Securit}? Instrument.
<br />4. SECURED DEBT AND FiJTURE ADVANCES. The ternf "Secured Debt" is defined as follows:
<br />A. Debt incurred under the terms of all promissory note(s), contract(s), guaranty(ies) or other evidence of
<br />debt described helow and all their extensions, r�newal�, m�difications or substitutions. (VVhen
<br />referencing the debts below it is suggested that yo� dnclu��e it�ms such as borrowers' names, note
<br />amounts, interest rates, maturiry dates, etc.) �
<br />Heritage Bank Note /�2105555 dated 2120112 for 578,000. I '
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<br />B. All future advances from Beneficiary to Trustor or qther fi}ture , obligations of Trustor to Beneficiary
<br />under any promissory note, contract, guaranty, or otlier eviClence 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 finstivment, each Trustor agrees that this
<br />Security Instrument will secure all future advances azld futuze obXigations that aze given to or incurred
<br />by any one or more Trustor, or any one or more Trustor and pthers. All future advances and other
<br />future obligations are secured by this Security Instrument', eve�;t though all or part may not yet be
<br />advanced. All future advances and other future obliggtions laze secured as if made on the date of this
<br />Security Instrument. Nothing in this Security Insttument ! shall constitute a commitment to make
<br />additional or future loans or advances in any amount. Any; sucli commitment must be agreed to in a
<br />sepazate writing. '
<br />C. All obligations Trustor owes to Beneficiary, which may lates arise, to the extent not prohibited by law,
<br />including, but not limited to, liabilities for overdrafts relatin� to any deposit account agreement
<br />between Trustor and Beneficiary. �' I
<br />D. All additional sums advanced and expenses incurred by' Beneficiary for insuring, preserving or
<br />otherwise protecting the Property and its value and any other sums advanced and expenses incurred by
<br />Beneficiary under the terms of this 5ecurity Instrument, '
<br />This Security Instrument will not secure any other debt if Beneficiary fails to give any required notice of the
<br />right of rescission.
<br />5. PAYMENTS. Trustor agrees that all payments under the Secured Debt will be paid when due and in
<br />accordance with the terms of the Secured Debt and this Security Instrument.
<br />6. WARRANTY OF TITLE. Trustor warrants that Trustor i5 or wiYl b� lawfully seized of the estate conveyed
<br />by this Security Instrument and has the right to inevocably grant, convey, and sell the Property to Trustee, in
<br />trust, with power of sale. Trustor also warrants that the Property �s un;encumbered, except for encumbrances
<br />of record. �;; � !
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<br />7. PRIOR SECURITY IlVTERESTS. With regard to any other. mo gage, deed of trust, security agreement or
<br />other lien document that created a prior security interest or e�i'ctimbr�ce Qn the Property, Trustor agrees:
<br />A. To make all payments when due and to perform or comply wi all'covenants.
<br />B. To promptly deliver to Beneficiary any notices that Trustor re�eiveS from the holder.
<br />C. Not to allow any modification or extension of, nor to request any future advances under any note or
<br />agreement secured by the lien document without Beneficiary's pnor written consent.
<br />S. CLAIMS AGAINST TITLE. Trustor will pay all taxes, assessments,� liens, encumbrances, lease payments,
<br />ground rents, utilities, and other chazges relating to th� Pr�iperty �vhen due. Beneficiary may require Trustor
<br />to provide to Beneficiary copies of all notices that such am0unts are due and the receipts evidencing Trustor's
<br />payment. Trustor will defend title to the Property again�t any ��clai�s that would impair the lien of this
<br />Security Instrument. Trustor agrees to assign to Beneficiat�+, as r�quested by Beneficiary, any rights, claims
<br />or defenses Trustor may have against parties who supply labo�' or materials to maintain or improve the
<br />Property. ,
<br />Security Insuument-Consumer-NE RE-DT-NE 7/1/2011
<br />VMPB Benkera SystamaT� � VMP-C7661NE) (11071.�
<br />Woltera Kluwer Financlal Services OO 1994, 2011 Pege 2 of 8
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