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201400944 <br />Lot Seventeen (17), in Block Six (6), Morris Third Addition, an addition to the City of Grand <br />Island, Hall County, Nebraska. <br />The property is located in Hall County at 224 East 19th St, Grand Island, Nebraska 68801. <br />Together with all rights, easements, appurtenances, royalties, mineral rights, oil and gas rights, <br />all water and riparian rights, wells, ditches and water stock, crops, timber, all diversion <br />payments or third party payments made to crop producers and all existing and future <br />improvements, structures, fixtures, and replacements that may now, or at any time in the <br />future, be part of the real estate described (all referred to as Property). This Security <br />Instrument will remain in effect until the Secured Debts and all underlying agreements have <br />been terminated in writing by Lender. <br />2. MAXIMUM OBLIGATION LIMIT. The total principal amount secured by this Security <br />Instrument at any one time and from time to time will not exceed $38,000.00. Any limitation <br />of amount does not include interest and other fees and charges validly made pursuant to this <br />Security Instrument. Also, this limitation does not apply to advances made under the terms of <br />this Security Instrument to protect Lender's security and to perform any of the covenants <br />contained in this Security Instrument. <br />3. SECURED DEBTS AND FUTURE ADVANCES. The term "Secured Debts" includes and this <br />Security Instrument will secure each of the following: <br />A. Specific Debts. The following debts and all extensions, renewals, refinancings, <br />modifications and replacements. A promissory note or other agreement, dated February 12, <br />2014, from Grantor to Lender, with a loan amount of $38,000.00 and maturing on August <br />11, 2014. <br />B. Future Advances. All future advances from Lender to Grantor under the Specific Debts <br />executed by Grantor in favor of Lender after this Security Instrument. If more than one <br />person signs this Security Instrument, each agrees that this Security Instrument will secure <br />all future advances that are given to Grantor either individually or with others who may not <br />sign this Security Instrument. All future advances are secured by this Security Instrument <br />even though all or part may not yet be advanced. All future adviggA as if <br />made on the date of this Security Instrument. Nothing in this Security WeNlegf <br />constitute a commitment to make additional or future advances in any amount. Any such <br />commitment must be agreed to in a separate writing. In the event that Lender fails to <br />provide any required notice of the right of rescission, Lender waives any subsequent security <br />interest in the Grantor's principal dwelling that is created by this Security Instrument. This <br />Security Instrument will not secure any other debt if Lender fails, with respect to that other <br />debt, to fulfill any necessary requirements or limitations of Sections 19(a), 32, or 35 of <br />Regulation Z. <br />C. All Debts. All present and future debts from Grantor to Lender, even if this Security <br />Instrument is not specifically referenced, or if the future debt is unrelated to or of a different <br />type than this debt. If more than one person signs this Security Instrument, each agrees <br />that it will secure debts incurred either individually or with others who may not sign this <br />Security Instrument. Nothing in this Security Instrument constitutes a commitment to make <br />additional or future loans or advances. Any such commitment must be in writing. In the <br />event that Lender fails to provide any required notice of the right of rescission, Lender <br />S & M Restorations LLC <br />Nebraska Deed Of Trust Initial S <br />NE /4XXXXXREP00000000000674051 N Wolters Kluwer Financial Services 0 1996, 2014 Bankers Page 2 <br />Systems'" <br />