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201209430
<br /> Theproperty is located in ............................................................ at .....................................
<br /> (County)
<br /> ..419..E..2,Oth..S.t..................... ... .. ..Grand„Island..................,NebLaSka..6.S8D1-2452.
<br /> (Addressj (City) (ZIP Code)
<br /> Together with all riehts, easements,appurtenances, royalties,mineral rights, oil and gas rights, all water and
<br /> riparian rights, ditches, and water stock and all existing and future unprovements, strucmres, fixtures, and
<br /> replacements that may now,or at any time in the future,be part of the real estate described above(a11 referred
<br /> to as"Froperty„).
<br /> 3. b�AXL'�TYJNI OSd,YGA'�ION LI1VV�dI'F'.The total principal amount secured by this Securiry Instrument at any
<br /> one time shall not exceed $ 15,,000;,00.................... .. . This limitation of amount does not
<br /> include interest and other fees and chazees validly made pursuant to this Security Instrument. Also, this
<br /> limitation does not apply to advances made under the ternis of this Sccurity Instrument to protect
<br /> Beneficiary's securiry and to perform any of the covenants contained in this Securiry Instrument.
<br /> 4. SEC�JREI9 DE�T AND F[J'I'LTRE ADVAiVCES.The term "Secured Debt"is defined as follows:
<br /> A.Dcbt incurred under the terms of all promissory note(s), contract(s), guaranty(ies)or other evidence of
<br /> debt described below and all their extcnsions, rene�vals, modifications or substitutions. (You must
<br /> specifically identify the debt(s)secused and you should include the final maturity date of such debt(s).)
<br /> Note Dated October 12, 2012 In The Amount Of $15,000_DO
<br /> Accruing At A Variable Rate With A Maturity Date Of October 17, 2017
<br /> Said Loan In The Name(s) Of Robert A Stiles
<br /> And Kathy L Stiles
<br /> B.All future advances from Beneficiary to Trustor or other future obligations of Trustor to Beneficiary
<br /> under any promissory note, contract, guaranty, or othcr evidence of debt executed by Trustor in favor
<br /> of Beneficiary after this Security Instrument 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 any one or more Trustor and others. All future advances and other
<br /> future obligations are secured by this 5ecurity Instrument aven 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 Instrumcnt. Nothing in this Security Instrument shall constitute a commi[ment to make
<br /> additional or future loans or advances in any amount. Any such commitmcnt must be agreed to in a
<br /> separate writing.
<br /> C.All other obligations Tmstor owes Co Bencficiary,which may later arise,to the extent not prohibited by
<br /> law, including, but not lunited to, liabilities for overdrafts relating to any deposit account agreement
<br /> bctween Trustor and Beneficiary.
<br /> D.All additional sums advanced and expenses incurred by Bene�iciary for insuring, preserving or
<br /> otherv✓ise protccting the Property and i[s value and any other sums 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 seeurity interest in the Trusmr's principal dwelling that is created by this Security Instrument.
<br /> 5. DEED OF TRUST COVENANTS. Trustor agrees that the covenants in this section are material obligations
<br /> uoder the Secured Debt and this Securiry Instrument. If Trustor breaches any covenant in tlus 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 breaeh,Seneficiary does not waive Beneficiary's right to later consider the event a
<br /> breach if it happens again.
<br /> Payments.Trustor agrees that all payments under the Secured Debt will be paid when duc and in accardance
<br /> with the[erms of the Secured Debt and this Security Instrument.
<br /> Prior Securnty Ynterests.With regazd to any other mortgage, deed of trust, security agreement or other lien
<br /> document that created a prior security interest or cncumbrance on the Property, Trustor agrees to make all
<br /> payments when due 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 /> Ciaims Against Title. Trustor will pay all ta�ces (including any ta�c assessed to this Deed of Trust),
<br /> assessments, liens, encumbrances, lease payments, ground rents, utilities, and other chazges 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 evidencin; Trustor's payment. Trustor will defend title to the Property
<br /> against any claims that would impair the lien af this Security Instrumcnt. 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 Property.
<br /> t��1�;� -
<br /> SecurltylnstrumenrCpen-Entl-Consumer-Ne OCP-REDT-NE 7/2/2011
<br /> VMPOBankersSys[emsTM VMP-C465(NE) �1107�.00
<br /> Wolters Kluwer Flnanclal Servlces 0199A,201 i Page 2 of 6
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