Laserfiche WebLink
�0120931� <br />2. MAXIMUM OBLIGATION LIMIT. The total principal amount secured by this Security <br />Instrument at any one time and from time to time will not exceed 5880,000.00. Any limitation <br />of amount does not include interest and other fees and charges validly made pursuant to thls <br />Security Instrument. Also, this limitation does not apply to advances made under the terms of <br />this Security Instrument to protect Lender's security and to perform any of the covenants <br />contained in this Security Instrument. <br />3. SECURED DEBTS. The term "Secured Debts" includes and this Security Instrument will <br />secure each of the following: <br />A. Specific Debts. The following debts and all extensions, renewals, refinancings, <br />modifications and replacements. A promissory note or other agreement, No. 10353, dated <br />October 31, 2012, from Ryan Voss (Borrower) to Lender, with a loan amount of <br />5872,747.25. <br />B. All Debts. All present and future debts from Ryan Voss to Lender, even if this Security <br />Instrument is not specifically referenced, or if the future debt is unrelated to or of a different <br />type than this debt. If more than one person signs this Security Instrument, each agrees <br />that it will secure debts incurred either individually or with others who may not sign this <br />Security Instrument. Nothing in this Security Instrument constitutes a commitment to make <br />additional or future loans or advances. Any such commitment must be in writing. In the <br />event that Lender fails to provide any required notice of the right of rescission, Lender <br />waives any subsequent security interest in the Grantor's principal dwelling that is created by <br />this Security Instrument. This Security Instrument will not secure any debt for which a <br />non-possessory, non-purchase money security interest is created in "household goods" in <br />connection with a"consumer loan," as those terms are defined by federal law governing <br />unfair and deceptive credit practices. This Security Instrument will not secure any debt for <br />which a security interest is created in "margin stock" and Lender does not obtain a <br />"statement of purpose," as defined and required by federal law governing securities. This <br />Security Instrument will not secure any other debt if Lender fails, with respect to that other <br />debt, to fulfill any necessary requirements or limitations of Sections 191a►, 32, or 35 of <br />Regulation Z. <br />C. Sums Advanced. All sums advanced and expenses incurred by Lender under the terms of <br />this Security Instrument. <br />4. PAYMENTS. Grantor agrees that all payments under the Secured Debts will be paid when <br />due and in accordance with the terms of the Secured Debts and this Security Instrument. <br />5. NON-OBLIGATED GRANTOR. Any Grantor, who is not also identified as a Borrower in the <br />Secured Debts section of this Security Instrument and who signs this Security Instrument, is <br />defined as a cosigner for purposes of the Equal Credit Protection Act and the Federal Reserve <br />Board's Regulation B, 12 C,F.R. 202.7(d►14), and is referred to herein as a Non-Obligated <br />Grantor. By signing this Security Instrument, the Non-Obligated Grantor does convey and <br />assign their rights and interests in the Property to secure payment of the Secured Debts, to <br />create a valid lien, to pass clear title, to waive inchoate rights and to assign earnings or rights <br />to payment under any lease or rent of the Property. However, the Non-Obligated Grantor is not <br />personally liable for the Secured Debts. <br />6. WARRANTY OF TITLE. Grantor warrants that Grantor is or will be lawfully seized of the <br />estate conveyed by this Security Instrument and has the right to irrevocably grant, convey and <br />sell the Property to Trustee, in trust, with power of sale. Grantor also warrants that the <br />Property is unencumbered, except for encumbrances of record. <br />7. PRIOR SECURITY INTERESTS. With regard to any other mortgage, deed of trust, security <br />agreement or other lien document that created a prior security interest or encumbrance on the <br />Property, Grantor agrees: <br />A. To make all payments when due and to perform or comply with all covenants. <br />B. To promptly deliver to Lender any notices that Grantor receives from the holder. <br />C. Not to allow any modification or extension of, nor to request any future advances under <br />any note or agreement secured by the lien document without Lender's prior written consent. <br />8. CLAIMS AGAINST TITLE. Grantor will pay all taxes, assessments, liens, encumbrances, <br />lease payments, ground rents, utilities, and other charges relating to the Property when due. <br />Lender may require Grantor to provide to Lender copies of all notices that such amounts are due <br />and the receipts evidencing Grantor's payment. Grantor will defend title to the Property against <br />any claims that would impair the lien of this Security Instrument. Grantor agrees to assign to <br />Lender, as requested by Lender, any rights, claims or defenses Grantor may have against <br />parties who supply labor or materials to maintain or improve the Property. <br />9. DUE ON SALE OR ENCUMBRANCE. Lender may, at its option, declare the entire balance of <br />the Secured Debt to be immediately due and payable upon the creation of, or contract for the <br />Nebraska Deed Of Trust Initials <br />NE/4LRUDICHA00000000000847043103012N Wolters Kluwer Financial Services °1996, 2012 Bankers age 2 <br />Sy3t0rtISTM <br />A� � <br />