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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
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