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201207845
<br /> The property is located in ...Hal 1_ .......... at ........-•.........................••
<br /> .......................................
<br /> (County)
<br /> __140.9..Marshall„St ,.Wood River_.NE_ 68583,___._ Nebraska _.6_8883_-0485..
<br /> ........................... (CitY) (ZIP Code)
<br /> (Address) �
<br /> Together with all rights, easements, appurtenances, royalties, mineral rights, oil and gas rights, ail 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 tune in the future, be part of the real estate described above(all referred
<br /> to as "Property").
<br /> 3. 1VI�XIMiJNq O�I�IGATYON �dNIIT. The total principal amount secured by this Security Instrument at any
<br /> one tiune shall not exceed $ 6 7,,8 0 0,_0.0................ . . This limitation ol amount does not
<br /> include interest and other fees and chazges validly made pursuant to this Security Insrizunent. Aiso, this
<br /> limitation does not apply to advances made under the terms of this Security Instniment to protect
<br /> Beneficiary's security aud to perform any of the covenants contained in this Security Instrument.
<br /> 4. SECURED YDEBT AND I+iJTgJRE AYDVA.NC�S. 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. (You must
<br /> specificaZly identify the debt(s) secured and you s{tould incZude the final�naturity date of such debt(s).)
<br /> Note Datad August ,29 2012 =n The Amount Of $67, 800_00
<br /> Accruing At A Variab�e Rate With A Maturity Date Of September 25, 2017
<br /> Said Loan Sn The Name(s) Of Bradley D Peters
<br /> And Linda M Peters
<br /> B. All future advances from Beneficiary to Trustor ar 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 Beneficiary after this Security Instizunent 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 auy one or more Trustor and others. All future advances and other
<br /> future oUligations are secured by this Security Instrument 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 Instntment. Nothing in this Security IustrumenC shall constitutc a coinmitment to make
<br /> additional or future loans or advances iu any aznount. Any such commitment must Ue agreed Lo 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 linuted 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 Seneficiary for insuring, preserving or
<br /> otherwise protecting the Property and its value and any other sums advanced and expenses incurred by
<br /> Benaficiary under the terms of this Security Instrument.
<br /> In the event that Beneficiary Pails to provide any required notice oP the right of rescission, Beneficiary waives
<br /> any subsequent security interest in the Trustor's principal dwelling that is created by this Security Iustrument.
<br /> 5_ IDEEl3 Ok"1'i2UST COVENAN�S. Trustor agrees that the covenants in this section are material obligations
<br /> under the Secured Debl 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 /> g'aymemts. Trustor agrees that all payments under the Secured Debt will be paid when due and in accordance
<br /> with the terms of the Secured DeUt and this Security Instiiuncnt.
<br /> Prioa• Secearity 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 duc 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 /> Claams Against �'itle_ Trustor will pay all ta�ces .(including any tax 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 Tiustor to provide to Beneficiary copies of all notices that such
<br /> amouncs are due and the receipts evidencing Trustor's payment. Trustor will defend title to the Property
<br /> against any claims that would 'unpair 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 labor or materials to maintain or improve the Yroperty.
<br /> Security Instrument-Open-End-Consumer-NE OCP-REDT-NE 7/2/20'I'I
<br /> VMPOO gankers SystemsT^� VMP-C465(NE) (1107).00
<br /> Wolters Kluwer Financial Services�i 994,20'I 1 Page 2 of 6
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