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2. CONVEYANCE. For good and valuable consideration, the receipt and sufficiency of which is acknowledged,
<br />and to secure the Secured Debt (defined below) and Trustor's performance under this Security Instrument,
<br />Trustor irrevocably grants, conveys and sells to Trustee, in trust for the benefit of Beneficiary, with power of
<br />sale, the following described property:
<br />LOT EIGHT (8), BLOCK FIVE (5), BRENTWOOD SUBDIVISION, IN THE CITY OF GRAND
<br />ISLAND, HALL COUNTY, NEBRASKA.
<br />The property is located in Hall at 3115 Brentwood
<br />(County)
<br />Circle , Grand Island ,Nebraska 68801
<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 $ 31, 250.00 . This limitation of amount does not include interest and
<br />other fees and charges validly made pursuant to this Security Instrument. Also, this limitation does not apply
<br />to advances made under the terms of this Security Instrument to protect Beneficiary's security and to perform
<br />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 />All amounts payable to Lender at any time under a O.S. Sank Equiline Agreement dated
<br />8/8/2013 3:00:00 AM, signed by Timothy J Klemm* and Beth A Xlemme . The length of the
<br />repayment period and the maturity date will depend on the amounts owed at the beginning
<br />of the repayment period, but it will end no later than the maturity date of 8/7/2038
<br />3:00:00 AM.
<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 of
<br />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 Security
<br />Instrument will secure all future advances and future obligations that are given to or incurred by any one
<br />or more Trustor, or any one or more Trustor and others. All future advances and other future obligations
<br />are secured by this Security Instrument even though all or part may not yet be advanced. All future
<br />advances and other future obligations are secured as if made on the date of this Security Instrument.
<br />Nothing in this Security Instrument shall constitute a commitment to make additional or future loans or
<br />advances in any amount. Any such commitment must be agreed to in a separate writing.
<br />C. All other 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 agreement
<br />between Trustor and Beneficiary.
<br />D. All additional sums advanced and expenses incurred by Beneficiary for insuring, preserving or otherwise
<br />protecting the Property and its value and any other sums advanced and expenses incurred by Beneficiary
<br />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 />00000700032534
<br />® 1994 Wolters Kluwer Financial Services - Bankers Systems" Forth USB90CPDTNE 8/3/2012
<br />201306437
<br />(papoZ)
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