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201400737
<br />The property is located it Hili: at 1901 N. Burwick Road
<br />(County)
<br />68883
<br />Wood River
<br />Nebraska
<br />;(Address)'; ' (City) (LIP 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 hi the- future, be • part of the real estate described above (all referred
<br />to as "Property ").
<br />3. MAXIMUM O1 LIGATION LIMIT. .The :total principal amount secured by this Security Instrument at any
<br />one time •shall not exceed; $ 180,000.00 This limitation of amount does nor include
<br />interest and. other fees and charges validly :made ;!pursuant to this Security Instrument. Also, this limitation
<br />does not apply W. advances made under •the terms of this Security. Instrument to protect Beneficiary's. security.
<br />and to perform any of theicoveuants contained in this Security Instrwnent.
<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. (When
<br />referencing the debts below it is suggested that you includel items such as borrowers' names, note
<br />amounts, interest rates, maturity . dates, etc.);
<br />Heritage Banknote /12168204 for S180,000 of even deti herewith
<br />B. All future; advancer from Beneficiary. to Trustor or other future obligations of • Trustor to Beneficiary
<br />under any.ipromissory. note, contract;; guaranty, or other evidence of debt executed by Trustor in favor
<br />of Beneficiary after this Security;;Instrumont whether or nor this Security Instrument • is specifically
<br />referenced; • If more than one . person.. signs this Security • Instrument, each Trustor agrees that this
<br />Security 'Itiatruinevit, 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 . lustrumeut . 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 ..: nstrument. Nothing in this Security Instrument shall constitute a commitment • to make
<br />additional i or future . loans or advances • in Any amount. Any such commitment must be agreed to in a
<br />separate writing. •
<br />C. All obligations f rtistor. owes to Beneficiary, which may later arise, to the. extent not prohibited by law,
<br />including,; abut not limited to, liabilities for overdrafts relating to any deposit account agreement
<br />between "Trustor amid Beneficiary.
<br />D. All additional •su»us advanced and. expenses incurred by Beneficiaty for insuring, preserving or
<br />otherwise.! protecting the Property and its value and any other scans advanced and expenses incurred by
<br />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 the
<br />right of rescission.
<br />5 PAYMENTS ITrustor agrees that all payments, under the Secured Debt will be paid • when • due and in
<br />accordance with the terms of the Secured Debt •aild this Security Instrument.
<br />•
<br />6. WARRANTY OF TITLE: .Trustor warrants that Trustor is or will be lawfully seized • of the estate conveyed
<br />by this Security Instruni'ent and has the right. to grant, cc(uvey, and sell the Property. to Trustee, in
<br />trust, with power of sale.•T'rustor also warrants ;that the• Property .isunencumbered, except for encumbrances
<br />of record.
<br />7. •PRIOR SECURITY INTERESTS. With regard to any other mortgage, . deed of trust, : security agreement or
<br />other lien doc:.ut ment that created a prior, seeurity or encumnbrance on -the Property, 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 We lien document without Beneficiary's pi for written consent.
<br />CLAIMS AGTST 'ITLE. Trustor. will pay all taxes; assessments, liens, encumbrances, • lease payments,
<br />ground •rents,. utilities; and other charges. relating to the :Property when due. Beneficiary •nlay require. Trustor
<br />to.provide to ]beneficiary copies of all notices that such amounts are.due•and the receipts evidencing •Trustor's
<br />payment: Trustor wit :defend title to the Property against any claims that would impair the lien of this
<br />Security Instrument. Trustor agrees to assign. to' Beneficiary, as requested by Beneficiary, any rights, claims
<br />or defenses 'frustor may have against •parties. who supply labor • or materials to maintain or improve the
<br />Property:
<br />Security Instrument-Consumer-NE
<br />VMP'a Bankers SystemsTM;
<br />Wolters Kluwer Plnanclal'Servioes 01994, 2011
<br />RE-DT -NE 2/1/2013
<br />VMP-C 18SINE) 11302).00
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