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201210498
<br /> The property is located in ...xal l, ,
<br /> ..................."'...._...................... dY ...._....._..........""""........
<br /> (County)
<br /> ..312„Renee..I?d................................ ..Doniphan..................•--••-., Nebraska ._68832...........
<br /> (Address) (Ciry) (ZIP Code)
<br /> Together with all rights, easements, appurtenances, royalties, mincral righls, oil and gas rights, all water and
<br /> riparian rights, ditches, and water stock and all cxisting and future improvements, structures, fixtures, and
<br /> replacements that may now, or at any Cime in the future, Ue part of the real estate described above(all referred
<br /> to as "Property").
<br /> 3• MA��i1V%LT10d O�LYGt�.�ION I.BlOPi'Y'. The total principal amount secured by this Security Instrument at any
<br /> one tune shall not exceed $ 4 0,_o 0 0.0 0 ....................... . This limitation of amount does not
<br /> ...................
<br /> include interest and other fees and charges validly made pursuant to this Security Instrument. Also, this
<br /> limitation does not apply to advauces made under the terms of this Security Instrument to protect
<br /> Beneficiary's security and Co perform any of the covenants contained in this Security Instniment.
<br /> 4• S�%CiJR�+D Y3EB'I'�iNi)�+'IJ'I'LT1ZE AgDVANC�;S. 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 /> specificaZly identify the debt(s) secured and you shouZd include the fi�aal maturity date of such debt(s).)
<br /> Note Dated November 07, 2012 In The Amount Of $40, 000_00
<br /> Accruing At A Variable Rate With A Maturity Date Of November 25, 2017
<br /> Said Loan Sn TYie Name(s) Of Ph.illip J Vandewalle
<br /> And Sheila Vandewalle
<br /> B. All future advances from Beneficiary to Trustor or other future obligations of Trustor to Beneficiary
<br /> under auy promissory note, contraet, guaranty, or other 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 T'rusCor agrees that this
<br /> Security Instiument will secure all future advanecs and future obiigations that are given to or incurred
<br /> Uy any one or more Trustor, or any one or more Trustor and others. All future advances and other
<br /> future oUligations are securcd by this Security Instrument even though all or part may uot yet be
<br /> advanced. All future advances and other future obligations are secured as if made on the datc of this
<br /> Security Insriziinent. Nothing in this Sccurity Instrument shall constitute a coinn�itment to malce
<br /> additional or futurc loans or advances in any amount. Any such coiniuitment must Ue agreed to in a
<br /> sepazate writing.
<br /> C.All othcr obligaCions Trustor owes to Beneficiary, which may later arise, to the extent not prohibited by
<br /> law, nncluding, Uut not limited to, liabilities for overdrafts relating to any deposit account agreement
<br /> Uetween Ta-ustor and Beneficiary_
<br /> D.All additional sums advanced and expenses incurred Uy Beneficiary for insuring, preserving or
<br /> otherwise protecting the Property and its value and any other stuns advanced and expenses incurred Uy
<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 subsequcut security interest in thc Trustor's principal dwelling that is created by this Security Instrument.
<br /> 5• DEED O�"I'ItLTS'A' COVENANI'S. Trustor agrees tliat the covenants in this section are material obligations
<br /> under the Secured Debt and this Security Instiument. If Trustor breaches any covenant in this section,
<br /> Beneficiaty inay refuse to make additional extensions of credit and reduce the credit limit. By not exercising
<br /> either remedy ou Trustor's breach, Beneficiary does not waive Beneficiary's right to later consider the event a
<br /> breach if it happens again.
<br /> Payanents. Trustor agrees that all payments under the Securcd Debt will be paid when due and in accardance
<br /> with thc terms of the Secured Debt and this Security Instrument
<br /> Prior Securfity Ianteees4s. With regard to any other mortgage, deed of trust, security agreement or other lien
<br /> document that created a prior security interest or encumUrance on the Property, Trustor agrees to make all
<br /> payments when due and to perform or comply with all covenauts. 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 I3eneficiary's prior writteu approval.
<br /> Claims E4gaiaist Tatfle. Trustor will pay all tasces (including auy ta7c 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. Bene£iciary 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 clai_ms that would impair the lien of this Security Instrument. 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 /> _ �i� �
<br /> Security Instrumenf-Open-End-Cons�mer-NE OCP-REDT-NE 7/2/2011
<br /> VMP�6ankers Syscems^" � VMP-C465(NE) (t 107)_00
<br /> Wolters Kluwer Financial Services�7994,2011 Page 2 of 6
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