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201205772
<br />1. CONVEYANCE. For good and valuable consideration, the receipt and sufficiency of which is
<br />acknowledged, and to secure the Secured Debts and Grantor's performance under this Security
<br />Instrument, Grantor does hereby irrevocably grant, convey and sell to Trustee, in trust for the
<br />benefit of Lender, with power of sale, the following described property:
<br />Lot 4, Sunset Subdivision in the City of Grand Island, Hall County, Nebras
<br />The property is located in Hall County at 4167 West Capital Ave, Grand Island, Nebraska
<br />68803.
<br />Together with all rights, easements, appurtenances, royalties, mineral rights, oil and gas rights,
<br />all water and riparian rights, wells, ditches and water stock and all existing and future
<br />improvements, structures, fixtures, and replacements that may now, or at any time in the
<br />future, be part of the real estate described (all referred to as Property). This Security
<br />Instrument will remain in effect until the Secured Debts and all underlying agreements have
<br />been terminated in writing by Lender.
<br />2. MAXIMUM OBLIGATION LIMIT. The total principal amount secured by this Security
<br />Instrument at any one time and from time to time will not exceed 520,373.16. Any limitation
<br />of amount does not include interest and other fees and charges validly made pursuant to this
<br />Security Instrument. Also, this limitation does not apply to advances made under the terms of
<br />this Security Instrument to protect Lender's security and to perform any of the covenants
<br />contained in this Security Instrument.
<br />3. SECURED DEBTS AND FUTURE ADVANCES. The term "Secured Debts" includes and this
<br />Security Instrument will secure each of the following:
<br />A. Specific Debts. The following debts and all extensions, renewals, refinancings,
<br />modifications and replacements. A promissory note or other agreement, dated July 9, 2012,
<br />from Grantor to Lender, with a loan amount of 520,373.16 and maturing on July 9, 2017.
<br />B. Future Advances. All future advances from Lender to Grantor under the Specific Debts
<br />executed by Grantor in favor of Lender after this Security Instrument. If more than one
<br />person signs this Security Instrument, each agrees that this Security Instrument will secure
<br />all future advances that are given to Grantor either individually or with others who may not
<br />sign this Security Instrument. All future advances are secured by this Security Instrument
<br />even though all or part may not yet be advanced. All future advances are secured as if
<br />made on the date of this Security Instrument. Nothing in this Security Instrument shall
<br />constitute a commitment to make additional or future advances in any amount, Any such
<br />commitment must be agreed to in a separate writing. In the event that Lender fails to
<br />provide any required notice of the right of rescission, Lender waives any subsequent security
<br />interest in the Grantor's principal dwelling that is created by this Security Instrument. This
<br />Security Instrument will not secure any other debt if Lender fails, with respect to that other
<br />debt, to fulfill any necessary requirements or limitations of Sections 191a), 32, or 35 of
<br />Regulation Z.
<br />C. All Debts. All present and future debts from Grantor to Lender, even if this Security
<br />Instrument is not specifically referenced, or if the future debt is unrelated to or of a different
<br />type than this debt. If more than one person signs this Security Instrument, each agrees
<br />that it will secure debts incurred either individually or with others who may not sign this
<br />Security Instrument. Nothing in this Security Instrument constitutes a commitment to make
<br />additional or future loans or advances. Any such commitment must be in writing. In the
<br />event that Lender fails to provide any required notice of the right of rescission, Lender
<br />David L VanHoosen ,
<br />Nebraska Deed Of Trust Initials �/ V�
<br />NE/4XXXXXREP00000000000625056N Wolters Kluwer Financial Services °1996, 201 Z Bankers Page� � �/
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