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201208944 <br /> The property is located in ---Ha 1 1.................................................. at <br /> ...--•.......................•---.... <br /> (Counry) <br /> __316_.N 2nd__St .Doniphan.NE._.. , NebraSka ..68832 <br /> .................................. . <br /> (Address) (Ciry) (ZIP Code) <br /> Togcther with all rights, easements, appurtenances, royalties, mineral rights, oil and gas rights, all wa[er 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 the future, bc part of the real estate described above (all referred <br /> to as "Property"). <br /> 3. 1VIAXINIU1dI OSI.dGA�'ION LIIVIIT. The total principal amount secured by this Security Instrument at any <br /> one time shall not exceed $ $7.,.o 0 0:_o.o................................... . This limitation of amount does not <br /> include interest and other fces 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. SECiJI2ED DE�'I'AND FiT'I'iTRE 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. (You must <br /> specifzcally identify the debt(s) secured and you should include the fin¢Z maturity date of such debt(s).) <br /> Note Dated September 25, 2012 In The Amount Of $87, 000.00 <br /> Accruing At A Variable Rate With A Maturity Date Of October 10, 2017 <br /> Said Loan Sn The Name(s) Of Alvin Warm <br /> And Cindra Warm <br /> B. All fucure 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 Bcneficiary after this Security Instruinent whether or not this Security Instrument is specifically <br /> referenced. If more than one person signs this Security Insti-ument, each Trustor agrecs that this <br /> Security Instruinent will secure a11 Puture advances and future obligations that are given to or incurred <br /> by any one or more Trustor, ar 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 other future obligations aze 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 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 suxns 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 Trustor's principal dwclling that is created by this Security Instrument. <br /> 5. I�E�I3 OF Td�US'F' COVENAN I'S. Trustor agrees that the covenants in this section are material obligations <br /> under the Secured Debt and this Sccurity Instrument. If Trustor breaches any covenant in this section, <br /> Beneficiary may refuse to make additional extensions of credit and reduce the credit liunit. By not exercising <br /> either remedy on Trustor's breach, Beneficiary does not waive Beneficiary's right Co later consider the event a <br /> breach if it happens again. <br /> Payanents. Trustor agrees that all payments under the Secured Debt will be paid when due and in accordance <br /> with the Cerms of the Secured Debt and this Security Instrument. <br /> Prior Securfity Inte�-es4s. 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 coinply 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 priar written approval. <br /> Clanans .e.gainst 'I'atie. Trustor will pay all taxes (including 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. 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 Instruuient. Trustor agrees to assign to <br /> Beneficiary, as requested by Beneficiary, any rights, claims or defenses Trustor may have ag 'nst parties who <br /> supply labor or materials to maintain or improve the Property. j <br /> 4 rd �� <br /> SecuritY�nstrument-Open-End-Consumer-NE IOCP-REDT-NE 7/2/2011 <br /> VMPOO gankers Systems'^^ VMP-C465�NE) ('I 107).DO <br /> Wolters Kluwer Financial Services �1994,2011 Page 2 of 6 <br />