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201205189
<br />The property is located in .Hall ....................
<br />(County)
<br />1104.W.LQUISE ST ,,,.,, .GRAND !BLAND ..... Nebraska .68801
<br />(Address,) (City) (ZIP Code)
<br />Together with all rights, casements, appurtenances, royalties, mineral rights, oil and gas rights, all water and
<br />riparian rights, ditches, and water stock and all existing and future iuiproveinents, structures, fixtures. and
<br />replacements that may now, or at anv time in the future, be part of the real estate described above (all referred
<br />to as "Property")-
<br />3.
<br />Property").3. MAXIMUM OBLIGATION LIMIT, The total principal amount secured by this Security Instrument at any
<br />one time shall not exceed $.7Q,QQQ--O.Q..................................... . This limitation of amount docs not
<br />include interest and other fees and charges validly made pursuant to this Security Instrument. Also, this
<br />limitation does not apply to advances made under the tertus of this Security Instrument to protect
<br />Beneficiary's security and to perform any of the covenants contained in this Security Instrument.
<br />4. SECURED DEBT AND FUTURE ADVANCES. The term "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 below and all their extensions, renewals, modifications or substitutions. (Yost must
<br />specifically identify the debt(s) secured and you should include the final maturity date of such debt (s).)
<br />Promissory Note # 520209 dated 06/06/2012 in the amount of $70,000.00 maturing on
<br />06/15/2022
<br />B. All future advances from Beneficiary to Trustor or other tiunure obligations of Trustor to Beneficiary
<br />under any prourissory note, contract, guaranty, 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 Instrument will secure all future advances and future obligations that are given to or incurred
<br />by any one or more 'Trustor, or any one or more "Trustor and others. All fttture advances and other
<br />future obligations are secured by this Security Instrtunent even though all or part may not yet be
<br />advanced. All future advances and other future obligations are 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 cotnrnitinent must be agreed to in a
<br />separate writing.
<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. 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 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 Trustors principal dwelling that is created by this Security Instrument.
<br />S. 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 Interests. 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 all covenants. Trustor also agrees not to allow any
<br />modification or extension of, nor to request any future advances under any note or agreement secured by the
<br />lien document without Beneficiary's prior written approval.
<br />Claims Against Title. Trustor will pay all taxes (including any tax assessed to this Deed of "frust),
<br />assessments.. liens, encumbrances, lease payments, ground rents, utilities, and other charges relating to the
<br />Property when due. Beneficiary may require Trustor to provide to Beneficiary copies of all 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 tabor or materials to maintain or improve the Property-
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