|
�0��o5oso
<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 defined►, Trustor irrevocably grants, conveys
<br />in trust for the benefit of the Beneficiary, with power of sale, the following
<br />LOTS ONE �1► AND TWO (2►, IN BLOCK TWO (2►, MADELIN FRY'S ADDITION TO DONIPHAN, HALL COUNTY, NEBRASKA
<br />The property is located in HA�� at 113 E PLUM
<br />(county)
<br />, DONIPHAN , Nebraska 68832
<br />(Address) (City) (Zip Code)
<br />7ogether v+rith alf right§, easements, appurtenances, royalties, mineral rights, oil and ga§ 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"►. 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 associated with the Property, however
<br />established.
<br />3. MAXIMUM OBLIGATION LIMIT. The total principal amount of the Secured Debt �hereafter defined►
<br />secured by this Deed of Trust at any one time shall not exceed S 62,500.00
<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 wrifing.
<br />4. SECURED DEBT DEFINED. The term "Secured Debt" includes, but is not limited to, the following:
<br />A. The promissory note(s►, contract�s►, guaranty(ies) or other evidence of debt described below and
<br />all extensions, renewals, modifications or substitutions (Evidence of Debt). (When refe�encing the
<br />debts be%w it is suggested ihat you include items such as borrowe�s' names, note amounts,
<br />inte�est �ates, matuiity dates, etc.)
<br />BANK OF DONIPHAN LOAN �6711, AND ANY EXTENSIONS, MODIFICATIONS, OR RENEWALS THEREOF
<br />the evidence of debt.
<br />C. All obligations Trustor owes to Beneficiary, which now exist o
<br />prohibited by law, including, but not limited to, liabilities for
<br />account agreement between Trustor and Beneficiary.
<br />B. Afl 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 specifically referred to in
<br />r may later arise, to the extent not
<br />overdrafts relating to any deposit
<br />Security Instrumerrt-Commercial/AgricuFtural-NE AGCO-RESI-NE 7/2/2011
<br />VMP� Bankere SystemsTH VMP-05951NE! t1107).00
<br />Wolters Kluwer Financia� Services OO 1993, 2011 Page 2 of 11
<br />
|