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201401054
<br /> The property is located in ...Hail.......................................
<br /> ........... at.....................................
<br /> (County)
<br /> ..5112..W..w,�ldwoqd.nr.......................Gran4�,.7�s];and..................,Nebraska..68803.96!l4..
<br /> (Address) (Ciry) (ZEP Code)
<br /> 'I`ogether with all rights,easements,appu�tenances,royalties,mineral rights,oil and gas rights,all water axtd
<br /> riparian;rights, ditches, and water stock and all existing and futuire imptovements, structures, fixtures, and
<br /> replacements chat tnay now,or at any time in ihe future,6e part of the reat estate describe8 above(ali referrecl
<br /> to as"Property").
<br /> 3. MAXIMUM OBLIGA'£ION LiMPf'.The total principaf a�nount secured by this Securiry Instrument at any
<br /> one time sha11 not excced$ 24r 40R:.4.4.................. . .............. . 'f'his limitation of amount dces not
<br /> inc[ude interest and other fees and charges validly made puzsuant Eo this Security Instrument. Also, this
<br /> limitation does not apply to advances made under the tenrns of this Security InstrumenE to protect
<br /> Beneficiary's security and to per#'orm any of the covenants contained in this Security Instrument.
<br /> 4. SECUItEll U�$'I'A1Vp F'UTURE ADYANCES.7'he term"Secured Aebt"is defiued as foltows:
<br /> A.Uebt incuxred under the ter►ns of alE promissory note(s),contcact(s),�uaranty{ies)or other evidence of
<br /> debE described below and all their extensians, renewals, moda�caEions ar substitutions. (You must
<br /> sperifically idemify the debt(s)secured and yau shauld include�he�veal maturity date of such debt(s},)
<br /> Note Datied F�bruary 08, 2014 In The Amounti Of $20 000.00
<br /> X.ccruing At A Vaxaable Rate With A Maturity bate D� Februaxy 25, 2�19
<br /> Saa.d I,oan In The Name(s} Of Steven R Poweli
<br /> And Kathleen A Powe21
<br /> 8.All future ad�ances from Beneficiary to Tirustor ox other future obligations of Trustor to Heneficiary
<br /> undee any promissory note, conEract, guaranty, or othee evidence of debt executed by Tnestnr in favor
<br /> of Bene�ciary after this 5ecurity Instrument whetiier or not this Security Instnement is speci�calEy
<br /> referenced. If moxe than one person signs this Security Instnunent, each Trustor agrees that this
<br /> Secunity Instrument will secure a11 future advanr,es and future obligations tbat are given to or incurred
<br /> by any one or more Trustor, or any one or moze Trustor and others. AI1 future advances and other
<br /> future o6ligaEions are secured by this Secuxity Instrument e�e� though a11 or part may not yet be
<br /> advanced. A11 future aQvances and otieer Cutuxe obl[gacions ue secured as if made on tfie date of this
<br /> Security Instrument. Nnthing in this Securiry Instrunnent shall constitute a comrreiunent to matce
<br /> additional or future toans or advances in any amount. Any such commiEment must be agreed ro in a
<br /> separate writing.
<br /> C.All other obligations'Crustor owes to Bene�ciary,which may later arise,ta the extent rtot prohibited by
<br /> law, including, but not limited to, liabilities for overdrafts relating to any deposit account agreement
<br /> between'Crustor and Bene�ciacy.
<br /> D,All additional sums advanced and expenses incurred by Beneficiary for insuxing, peeserving or
<br /> otherwise protecting the PropexEy and its value and any oEher sums advanced and expenses incurred by
<br /> Benefciary under the terms of this Security Instrumeni.
<br /> In tt�e event that Heneficiary fails to provide any requixed notice of the right of rescission,Beneficiary waives
<br /> any subsequent securiEy interest in the Trustor's grincip�l dwelling that is cceated by this Security Instncment.
<br /> 5. D�ED O�'T1tUST COVENAPi'I'S.Trustor agxees ttiaE the covenaz►ts in this section are material obligations
<br /> under the Secured Debt and this Secueity InsErument. If Tnfstor breacfles any covenant ia this section,
<br /> Beme�ciary may refi�se to make additiona�extensions of credit and reduce the c�eciit limic. By not exercising
<br /> eether reznedy on Trustor's breach,Beneficiary dces not waive BeneCiciary's right to later consider the event a
<br /> breach if it happens again.
<br /> Paymenis.Trustor agrees that a11 payments under the Secured Debt wil�be paid when due and in accordance
<br /> with the Ferms oF the Secured Debt and tliis Security instrument.
<br /> Prior 5ecurliy Inferesfs.With�egard ta any other mortgage,deed of trusk,security agreement or vther lien
<br /> dacutnent thaf created a priox secuz�ity interest or encumbrartce on the Property, 'I'rustor agrees to make all
<br /> payments when due and to perform or comply wiEh all covenants. Trustor also agzees not Eo allow any
<br /> modit"ication or extension of,nor to rec�uest any tuture advances under any note or agreement secuxed by the
<br /> lien docunnent without Bene�ciary's prior written approval.
<br /> Claims Aga�nst Title. Trustor wi11 pay aEl ta�ces (9ncluding any tax assessed to this beed of Trust),
<br /> assess�nents, liens, encambrances, lease payments, gxound rents, utiEities, and atner charges refating to the
<br /> Property when due. Bene�ciary may reqaire'�rusEor to pxovide to Beneficiary copies of all notices thaE such
<br /> amounts aze dae and Ehe receipts evidencing Trustor's payment. Trustar wiil defend title to the Propexty
<br /> against any claims that would impair tlae lien of this Security Instrument. Trustoe agrees to assign to
<br /> Beneficiary,as requested by Bena�ciary,any rights,c3aims or defenses Trustor rzAay laave against parties who
<br /> supp[y labor or matezia�s to maintain or improve tl►e Property.
<br /> Sec�rlsy InetnrmentApem&M�Ca�sume�-NE OEP-REOT�kE 71212014
<br /> vMv�ge�ke�eSye[ema"� VMP-C4851NE1 (11076W
<br /> WONera KWwer FinenNel Sarv�ee�01994,Z6F 7 Psge 2 oF 6
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