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2012037�3
<br />2. CONVEYANCE. For
<br />acknowledged, and tc
<br />and sells to Trustee,
<br />described property:
<br />good and valuable consideration, the receipt and sufficiency of which is
<br />secure the Secured Debt (hereafter definedl, Trustor irrevocably grants, conveys
<br />in trust for the benefit of the Beneficiary, with power of sale, the following
<br />LOT EIGHT (8�, BLOCK THREE 13), BONNIE BRAE ADDITION TO THE CITY DF GRAND ISLAND, HALL COUNTY, NEBRASKA
<br />The property is located in �LL at 1414 W 5TH ST
<br />ICounty)
<br />, GRAND ISLAND , Nebraska 66803
<br />(Address) ICity) (Zip Code)
<br />Together with all rights, easemants, appurtenances, royalties, mineral rights, oil and gas rights, crops,
<br />timber, all diversion payments or third party payments made to crop producers, and all existing and
<br />future improvements, structures, fixtures, and replacements that may now, or at any time in the future,
<br />be part of the real estate described above (all referred to as "Property°l. The term Property also
<br />includes, but is not limited to, any and all water wells, water, ditches, reservoirs, reservoir sites and
<br />dams located on the real estate and all riparian and water rights essociated with the Property, however
<br />established.
<br />3. MAXIMUM OBLIGATION LIMIT. The total principal amount of the Secured Debt (hereafter definedl
<br />secured by this Deed of Trust at any one time shall not exceed S 18,200.00
<br />This limitation of amount does not include interest, loan charges, commitment fees, brokerage
<br />commissions, attorneys' fees and other charges validly made pursuant to this Deed of Trust and does
<br />not apply to advances (or interest accrued on such advances) made under the terms of this Deed of
<br />Trust to protect Beneficiary security and to perForm any of the covenants contained in this Deed of
<br />Trust. Future advances are contemplated and, along with other future obligations, are secured by this
<br />Deed of Trust even though all or part may not yet be advanced. Nothing in this Deed of Trust, however,
<br />shall constitute a commitment to make additional or future loans or advances in any amount. Any such
<br />commitment would need to be agreed to in a separate writing.
<br />4. SECURED DEBT DEFINED. The term "Secured Debt° includes, but is not limited to, the following:
<br />A. The promissory notelsl, contractlsl, guaranty(ies) or other evidence of debt described below and
<br />all extensions, renewals, modifications or substitutions (Evidence of Debtl. (When referencing ihe
<br />debts be%w it is suggested ihat you inc/ude items such as borrowers' names, noie amounts,
<br />interest rates, maruriiy dates, erc.)
<br />BANK OF DONIPHAN LOAN �'6689, A1dD AI�Y EXTENSIONS, MODIFICATIONS, OR
<br />RENEWALS THEREOF.
<br />B. All future advances from Beneficiary to Trustor or other future obligations of Trustor to
<br />Beneficiary under any promissory note, conVact, guaranty, or other evidence of debt existing now
<br />or executed after this Deed of Trust whether or not this Deed of Trust is specificelly referred to in
<br />the evidence of debt.
<br />C. All obligations Trustor owes to Beneficiary, which now exist or may later arise, to the extent not
<br />prohibited by law, including, but not limited to, Iiabilities for overdrafts relating to any deposit
<br />account agreement between Trustor and Beneficiary.
<br />Sacurity Inetrumem-ComrrrerdaVAgricukurel-NE AGCO-RES6WE 7!2/2011
<br />VMP� Benkers Systama� VMP-C6961NE1 (71071.00
<br />Wohars puwer Flnencial Sarvicas 01993, 2011 Page 2 of 11
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