|
201300491
<br /> The property is located in Hall. at
<br /> (County)
<br /> 801 W stoney Park Rd Grand Island ,Nebraska 68801-0000
<br /> (Address) (City) (ZIP Code)
<br /> Together with all rights, easements,appurtenances,royalties,mineral rights,oil and gas rights,all water 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,be part of the real estate described above(all referred
<br /> to as "Property").
<br /> 3. MAXIMUM OBLIGATION LIMIT.The total principal amount secured by this Security Instrument at any
<br /> one time shall not exceed $ 15,0 0 0.0 o This limitation of amount does not
<br /> include interest and other fees 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. SECURED DEBT AND FUTURE 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 /> specifically identify the debt(s)secured and you should include the final maturity date of such debt(s).)
<br /> Note Dated October 16, 2012 In The Amount Of $15,000.00
<br /> Accruing At A Variable Rate With A Maturity Date Of October 20, 2017
<br /> Said Loan In The Name(s) Of Donald E Krauss
<br /> And Constance Krauss
<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 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 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 Security Instrument even 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 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 Tnistor 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 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 principal dwelling that is created by this Security Instrument.
<br /> 5. DEED OP TRUST 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,Beneficiary 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 due and in accordance
<br /> with the terms of the Secured Debt and this Security Instrument.
<br /> Prior Security Interests.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 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 /> Claims Against Title. Trustor will pay all taxes (including any tax 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 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 /> _ i2K c K
<br /> Security Instrument-Open-End-Consumer-NE OCP-REOT-NE 7/2/2011
<br /> VMS®Bankers Systems. 1./N116-C465(NEI (11071.00
<br /> Wolters Kluwer financial Services Cl 994,2011 Page 2 of 6
<br />
|