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<br />2. CONVEYANCE. For good and valuable consideration, the receipt and sufficiency of which is
<br />acknowledged, and to secure rJie Secured babt (hereafter defined); Trustor i�revocably grarits, conveys
<br />and sells to Trustee, in trust for the benefrt of the Beneficiary, with power of sale, the following
<br />described property:
<br />Lots Five (5) and Six (6), Fonner Second Subdivision, in the City of Grand
<br />Island, Hall County, Nebraska, ERCEPTING tracts more particularly described
<br />in Deeds recorded as Document No. 76-000687, Document No. 76-001804
<br />Document No. 76 and Document No. 200316166 '
<br />The property is located in _ Hall � 1803. and 1903 S
<br />ICourity)
<br />Locust St. � Grand Island , Nebraska 68801
<br />(Addreas) (�hV) WP Coda
<br />Together with all rigF�ts, easements, appurtenances, royalties, mineral rights, oil and �gas rights, crops,
<br />timber, all diversion payments or third party payments made to crop producers, and ali existing and
<br />future improvements, structures, fixtures, and -replacements thet may now, or •at any tirine in the future,
<br />be part of the real estate described .above (all referred to as °Property The term Property also
<br />inciudes, but is not (imited �to;.`�ny:rand<all ��vyater; �nrells, �wa#er,:.ditches, reservoir sites and
<br />dams located on fihe real estate and all �iparian antl wateih rights`"as�ocisted with fihe Property, however
<br />established, � . .. • . , �
<br />3• MAXIMUM OBUGATION LIMIfii- Ths tot�l princsipal amount of���the Secur.ed Debt ihereafter defined)
<br />s�cured by this Deed of 7rust at any one time.$hall.not �,1, 535, �OO..OQ ..:.. ,
<br />Thi's' fimitation of amount does not include interest, Itlar1`' o arges, commitment' `e�es,'�6"rokerage
<br />commissions, attomeys' fees and other charges vafidly made` pursuant to this D�ed� of`firust •and� does
<br />not apply to advances (or interest aocrued on such advances) made under the terms of this Deed of
<br />Trust to protect Beneficiary secur'rty and to perForm any of the covenants contained in this Deed of
<br />Trust. Future advances are contemplated and, e{ong with other future obligations, are seaured by this
<br />Deed of Trust even though all or part may nat 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 wou{d need to be agreed to in a saparate writing.
<br />4. SECURED DEBT DEFINED. The term "Secured Debt" includes, but is not fimited to, the following:
<br />A. The promissory note(s►, cantract(s), guaranty(ies) or other evidence of.,�ebt b�low and
<br />all extensions, renewals, modifications ar substitutions (Evidence of Debt1. (Whep referencing the
<br />debts be%w r[ ts suggested fhat you Include hems such as borrowe'rs' names; notd amounrs,
<br />interest rates, maturity dares, etc.1
<br />Note dated October 5, 2012, in the original principal amount of
<br />$1,535,200.00 from Trustor to Trustee, together with all renewals
<br />of, extensions of, modifications of, refinancings of, consolidations
<br />of, and substitutions for the note or agreement.
<br />B. All future advances from Bene�iaiary to Trustor or other future obfigations of Trustor to
<br />Beneficiary under any promissoty nate, contract, guaranty, or ather evidence of debt existing now
<br />ar executed after this Deed of Trust whether or not this Deed of Trust is specifically referred fio in
<br />the evidence of debt.
<br />C. All ob(igations Trustor owes to Beneficiary, which now exist or rriay later arise, to the e�ctent not
<br />prohibited by lavu, including, but not fimitad to, liabit'rties for overdrafts relating to any deposit
<br />account egreement between 7rustor. and Beneficiary,
<br />saourey �rtsuumeM•co,rune�oleuag��ounureFr�lE . AacartesMrJE ��?JZO� �
<br />VMP� Bsnkers'Systeme?'� ' , Vf�IP-C696(Nq j1'107I:00
<br />'Wolters Klwiuer Rnanciel Servlcas �1883, 2011 Paee 2 of 11
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