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201303574
<br /> Together with all rights, easements, appurtenances, royalties, mineral rights, oil and gas rights, all water
<br /> and riparian rights, ditches, and water stock and all existing and future improvements, structures,
<br /> fixtures, and replacements that may now, or at any time in the future, be part of the real estate described
<br /> above(all referred to as "Property").
<br /> 3. MAXIMUM OBLIGATION LIMIT. The total principal amount secured by this Security Instrument at
<br /> any one time shall not exceed $ 60,557.76 . This limitation of amount does not include
<br /> 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
<br /> of debt described below and all their extensions, renewals, modifications or substitutions. (When
<br /> referencing the debts below it is suggested that you include items such as borrowers' names, note
<br /> amounts, interest rates, maturity dates, etc.)
<br /> Promissory Note#563253 dated 04/22/2013 in the amount of $60,557.76 maturing on
<br /> 04/15/2020
<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
<br /> favor of Beneficiary executed after this Security Instrument whether or not this Security Instrument
<br /> is specifically referenced. If more than one person signs this Security Instrument, each Trustor
<br /> agrees that this Security Instrument will secure all future advances and future obligations that are
<br /> given to or incurred by any one or more Trustor, or any one or more Trustor and others. All future
<br /> advances and other future obligations are secured by this Security Instrument even though all or part
<br /> may not yet be advanced. All future advances and other future obligations are secured as if made on
<br /> the date of this Security Instrument. Nothing in this Security Instrument shall constitute a
<br /> commitment to make additional or future loans or advances in any amount. Any such commitment
<br /> must be agreed to in a separate writing.
<br /> C. All obligations Trustor 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
<br /> agreement 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
<br /> by Beneficiary under the terms of this Security Instrument.
<br /> This Security Instrument will not secure any other debt if Beneficiary fails to give any required notice of
<br /> the right of rescission.
<br /> 5. PAYMENTS. Trustor agrees that all payments under the Secured Debt will be paid when due and in
<br /> accordance with the terms of the Secured Debt and this Security Instrument.
<br /> 6. WARRANTY OF TITLE. Truster warrants that Trustor is or will be lawfully seized of the estate
<br /> conveyed by this Security Instrument and has the right to irrevocably grant, convey, and sell the Property
<br /> to Trustee, in trust, with power of sale. Trustor also warrants that the Property is unencumbered, except
<br /> 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 Property,
<br /> 'Trustor agrees:
<br /> A. To make all payments when due and to perform or comply with all covenants.
<br /> B. To promptly deliver to Beneficiary any notices that Trustor receives from the holder.
<br /> C. Not to allow any modification or extension of, nor to request any future advances under any note or
<br /> agreement secured by the lien document without Beneficiary's prior written consent.
<br /> 8. CLAIMS AGAINST TITLE. Trustor will pay all taxes, assessments, liens, encumbrances, lease
<br /> payments, ground rents, utilities, and other charges relating to the Property when due. Beneficiary may
<br /> require Trustor to provide to Beneficiary copies of all notices that such amounts are due and the receipts
<br /> evidencing Trustor's payment. Trustor will defend title to the Property against any claims that would
<br /> impair the lien of this Security Instrument. Trustor agrees to assign to Beneficiary, as requested by
<br /> Beneficiary, any rights, claims or defenses Trustor may have against parties who supply labor or
<br /> materials to maintain or improve the Property.
<br /> 563253
<br /> Security Instrument-Consumer-NE RE-DT-NE 711/ .11
<br /> VM P® Bankers Systems'M — Wa 107)
<br /> Wolters Kluwer Financial Services Q 199-0.2011
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