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201209882
<br /> The property is located in...Ha11.................................................. at .....................................
<br /> (Cour.ry)
<br /> ..161.0_.Parkview.Dr........................ ..Gr�nd„Island NE,;5880..,,, NebTaSka..6,8801-0000._
<br /> (Address) (City) (ZIP Code)
<br /> Together with all rights,easements, appurtenances,royaities,mineral righ[s,oil and gas Lights, all water and
<br /> zipazian rights, ditches, and water stock and all existing and future irnprovements, structures, fixtures, and
<br /> replacements that may now,or at any time in the future,be part of the real estate described above(all referred
<br /> to as"Property")
<br /> 3. I�dA�XIl�iTM OSd,IGATION B,I1VIi'Y'. The total principal amount secured by this Security Instrument at any
<br /> one time shall not exceed $ �5,0 0 0.0 0 ..... . This limitation of amount does not
<br /> .......................................
<br /> include interest and other fees and charges validly made pursuant to this 3ecurity Instrument. Also, this
<br /> limitation does not apply to advances made under the terms of this Securiry Instrument to protect
<br /> Beneficiary's security and to perform any of Lhe covenants contained in this 5ecurity Instrument.
<br /> 4. S�CIJIi�D DEST ELND F[I1'LJdt�AIDVANC�S.The tezm"Secured Debt"is defined as follows:
<br /> A.Debt incuRed under fhe terms of ali promissory note(s), contract(s), guaranty(ies)or other evidence of
<br /> debt described below and al] their extensions, renewals, modifications or substitutions. (You must
<br /> specifically identify the debt(s)secured and you shouZd include the firzal ni¢lurity date af such debt(s).)
<br /> Note Dated November 09, 2012 In The Amount Of $25,000_00
<br /> Accruing At A Variable Rate With A Maturity Date O£ November 25, 2017
<br /> Said Loan In The Name(s) Of Cory Gearhart
<br /> And Aeather A Gearhart
<br /> B.A11 future advances from Beneficiary to Trustor or o[her future obligations of Trustor to Beneficiary
<br /> under any promissory note; contract, guazanty; or other evidence of debt executed by Trustor in favor
<br /> of Beneficiary afrer this Security Instrument whether or not this Seeurity Instrument is specifically
<br /> referenced. If more than one person signs this Security Instrument, each Trustar agrees that this
<br /> Security Instrumen[will secure a11 future advances and future obligations that aze given to or incurred
<br /> by any one or more Trustor, or any one or more Trustor and others. All future advauces and other
<br /> future obligations aze 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 commitxnent to make
<br /> additional or future loans or advances in any amount. Any such commitment must be agrecd to in a
<br /> separate writing.
<br /> C:All other obligations Trustor owes to Beneficiary,which may later uise,to the extent not prohibited by
<br /> law, including, but not li_mited 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 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 security interest in the Trustor's pzincipal dwelling that is created by this Security Inshument.
<br /> 5. DEED OF TRdJST COVENANTS.Trustor agrees that the covenants in this section are material obligations
<br /> under the Secured Debt and this Security Instrument. If Trustor breaches any covenant in this 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 breach,Reneficiary does not waive Beneficiary's right to later consider Ihe event a
<br /> breach if it happens again.
<br /> �ayntents.Trustor agrees that ail payments under the Secured Debt will be paid when due and in accordance
<br /> with the terms of the Secured Debt and this Security Instrument.
<br /> Priar Secuaity Ynterests. With regard to any other mortgage, deed of trust, security agreement or other lien
<br /> document that created a prior security interest ot encumbrance on the Property, Trusfor 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 /> Claivas Against �'itle. Trustor will pay a11 taxes (including any tax assessed to this Deed of Trust),
<br /> assessments, liens, encumbrances, lease payments, ground rents, utilities, and other chazges relaring to the
<br /> Property when due. Beneficiary may require Trustor to provide to Beneficiary copies of all notices that such
<br /> amounts aze due and the receipts evidencing Truscoz's payment. Trustor will defend title to the Property
<br /> against any claims that would impair the lien of this Securiry Instrument. Trustor agrees to assign to
<br /> Seneficiary, as requested by Beneficiary, any rights, claims or defenses Trustor may have against ie who
<br /> supply labor or materials to maintain or irnprove the Propeny. ur
<br /> . Security Instrument-Open-End-ConsumervNE OCP- DT-NE 7/2/2011 �
<br /> VMP�6ankers SystemsTM� VMP-C46 NE� (710�).00
<br /> Wolters Kluwer Financial Services�1994,2011 . Page 2 of 6
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