|
��1���219�
<br />The ro is located m Nall .. ... ... ... ... ... ... ... ... . at .�� � W. K4�9.. ... ... ... ... ... ... ... ...
<br />P PertY ' ........................ �Counry)
<br />..................................................... ...............Grand4sland..............., Nebraska .........6$BAI.........
<br />(Address) (CitY) (ZIP C�e)
<br />Together with all rights, easements, appurtenances, royalties, mineral rights, oil and gas rights, all water and
<br />ripazian rights, ditches, and water stock and all existing and future improvements, struct�es� fixtures, and
<br />. replacements that may now, or at any time in the future, be part of the real estate described above (all referred
<br />to as "Property").
<br />3. MAIiII1VIUM OBLIGATION LIlVIIT. The wtal principal amount secured by this Security Instrument at any
<br />one time svall not exceed $ 5 0 , 0 0 0 ,. Q Q . . .. . .. . . . .. . . . . . .. . .. ... . This limitation of amount does not include
<br />interest and other fees and charges validly made pursuant to this Security InstTUment. Also, this limitation
<br />does not apply to advances made under the terms of this Security Instrument to protect Beneficiary's se,curity
<br />and to perform any of the covenants contained in this Seceuity Inslrumeitt.
<br />4. SECURED DEBT AND FUTURE ADVANCES. The term "Secured Debt" is defin� as follows:
<br />A. Debt incurred under the terms of all promissory note(s), contract(s), guaranty(ies) .or other evidence af
<br />debt described below and all their extensions, renewals, modifications or substitutions. (When
<br />referencing the debts below it is suggested that you include items such as borrowers' ncnnes, note
<br />cimounts, interest rates, maturity dates, etc.)
<br />All existing Promissory Notes and Specifically a Promissory Note of even date.
<br />5.
<br />6.
<br />B. All future advances from Beneficiary to Trustor or other future obligations of Trustor W Beneficiary
<br />under any promissory note, contract, guaranty, or other evidence of debt, exe�ute� by Trustor in favor
<br />of Beneficiary after this S�urity Instrument whether or not this. Security. Tnstrument is specifieally
<br />referenced. If more than one person signs this Security Inshvment, each Tn�stor agre�s that this
<br />Security Instrument 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 advauces and other
<br />future obligations are secured by thi,s S�urity Instrument even though all or part may not yet be
<br />advanced. All future advance.c 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 advanc�.c in any amount. Any suc;h commitment must bC: �gr�i to in a
<br />separate writing.
<br />C. All obligations Tr�stor owes to Beneficiary, which may later arise, to the extent not prolu'bited by law,
<br />including, but not limited to, liabilitiesc for overdrafts relating to any deposit account agreement
<br />between Trustor and Beneficiary.
<br />D. All additional sums advanced and expenses incurred by Beneficiary for insuring, pre�ving or
<br />otherwise protecring the Property and its value and any other sums advanced and expQnses incurred by
<br />Beneficiary under the terms of this Security Instrument.
<br />This Security Instrument will not seciue any other debt if Beneficiary fails to give any re�ed notice of the
<br />right of rescission. I
<br />PAYMENTS. Trustor agrees that all payments under the Secur� Debt will be paid v�hen due and in
<br />accordance with the terms of the Secured Debt and this Security Instrument.
<br />WARRANTY OF TITI.E. Trustor warrants that Trustor is or will be lawfully seiz� of th .estate conveyefl
<br />by this Security Instrument and has the right to irrevocablY grant; convey, and sell the Prop�y to Trustee, in
<br />trust, with power of sale. Trustor also warrants that the Property is unencumber�, except for encumbrances
<br />of record.
<br />7. PRIOR SECiJRITY IN1!ER�STS. With regard to any other mortgage, deed of trust, security � agreement or
<br />other lien document that created a prio� s�urity interest or encumbrance on the Properiy, Trustor agrees:
<br />A. To make all payments when due and to perform or comply with all covenants.
<br />B. To promptly deli�+er tfl �eneficiary any �otic�.q .that Trustor re,ceives from the holder.
<br />C. Not to allow any modification or extension of, nor to request any future advances under any �� or
<br />agreement secured by the lien document without Beneficiary's prior written consent.
<br />8. CLAIMS AGAINST TTTLE. Trustor will pay all taxes, assessments, liens, en�umbrances, lease payments,
<br />ground rents, utilities, and other charges relating to the Properry when due. Beneficiary may require Trustor
<br />to provide to Beneficiary copies of all notices that such amounts aze due and the receipts evidencing Trustor's
<br />payment. Trustor will defend title to the Property against any claims that would impair the lien of this
<br />Security Instr�ment. Trustor agras to assign to BeneficiarY, as request� by BeneficiarY, any rights, claims
<br />or defenses Trustor may have against parties who supply labor. or mateiials to maintain or improve the
<br />Properiy.
<br />MP�Ban�kersSystsms�TM er-NE
<br />REDT-NE 7/1/2017
<br />Woltere Kluwar Flnanoial Serviaea p7894, 2011 VMP-C18bINE) (11071.�
<br />Page 2 of 8
<br />
|