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201206675
<br /> The property is located in ...Hal1 ---••---•••.......... at .....................................
<br /> --••--•-•--•••................
<br /> <County)
<br /> . 616.,E..13th..St .Grand,.Ssland,NE„68,801„ Nebraska ..6,8801-2618
<br /> ................................ . ...............
<br /> (Address) (Ciry) (ZIP Code)
<br /> Together with all rights, easements, appurtenances, royalties, mincral rights, oil and gas rights, all water and
<br /> riparian rights, ditches, and water stock and all existing and future improvements, structures, fixtures, and
<br /> replacements that may now, or at any time in thc future, be part of the real estate described above (all referred
<br /> to as "Property").
<br /> 3. MAXIIVYUM OBLIGATYON I.IN7I'�. The total principal amount secured by this Security Instrument at any
<br /> one timc shall not exceed $ 53,,000,-,0,0,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,, , This limitation of amount does 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 terms of this Security Instrument to protect
<br /> Beneficiary's security and to perform any of the covenants contained in this Security Instrument.
<br /> 4. S�CiTgZED DES'd'AND I�'LJTL7RE AI)VANCES. The term "Secured Debt" is dcfined 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. (You must
<br /> specifically identify the debt(s) secured and you should include the fznal maturity date of such cZebt(s).)
<br /> Note Dated July 21, 2012 In The Amount O£ $53, 000.00
<br /> Accruing At A Variable Rate With A Maturity Date Of August 15, 2017
<br /> Said Loan =n The Name(s) Of Ore G Thompson
<br /> And Pamela K Thompson
<br /> B_ All future advances from Beneficiary to Trustor or other future obligations of Trustor to Beneficiary
<br /> under any promissory note, contract, guaranty, or other evidence of debt executed by Trustor in favor
<br /> of Benericiary after this Security Instrument whether or not this Security Instrument is specifically
<br /> referenced. If more than one person signs this 3ecurity 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 future advances and other
<br /> future obligations are secured by this Security Instrument even though all or part may not yet be
<br /> advanced. All future advances and othcr future obligations are secured as if made on the date of this
<br /> Security Instrument. Nothing in this Security Instrument sha11 constitute a commitment to make
<br /> additional or future loans or advances in any amount. Any such commitment 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 sccurity interest in the Trustor's principal dwelling that is created by this Security Instrument.
<br /> 5_ DEE� OF'I'RgI5T COVENAN I'S. Tnzstor agrees that the covenants in this section are material obligations
<br /> under thc Secured Debt and this Security Instrument. IP 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 sccurity 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 co request any future advances under any note or agreement secured by the
<br /> lien document without Beneficiary's prior written approval.
<br /> Claims Against '�itle. Trustor will pay all ta3ces (ineluding any ta3c assessed to this Deed of Trust),
<br /> assessments, liens, encumbrances, lease payments, ground rents, utilities, and other charges relating to the
<br /> Property when due. Seneficiary may require Trustor to provide to Beneficiary copies of all notices that such
<br /> amounts are due and the receipts evidencing Trustar's paymenL Trustor will dcfend title to the Property
<br /> against any claims that would impair the lien of this Security Instxument. Trustor agrees to assign to
<br /> BeneYiciary, as requested by Beneficiary, any rights, claims or defenses Trustor may have against parties who
<br /> supply labor or materials to maintain or improve the Property.
<br /> �'✓' f,-'F� .�f� l_
<br /> Security Instrument-Open-End-Consumer-NE OCP-REDT-NE 7/2/2011
<br /> VMP�Bankers SystemsT1A VMP-C465(NE) ('i'107).00
<br /> Woliers Kiuwer Financial Services m'1994,20'I"I Page 2 of 6
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