|
20140109
<br />The property is located iu Hgll at 115 Solar St.
<br />(County)
<br />Aida , Nebraska 68810
<br />(Address) (City) (ZIP Cade)
<br />Together with all rights, casements, 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 $ 85,000.00 This limitation of amount does not include
<br />interest and other fees and charges validly made pursuant to this Security Instrument. Also, this limitation
<br />does not apply to advances made under the terms of this Security Instrument to protect Beneficiary's security
<br />and to perform any of the covenants contained in this Security Instrument.
<br />4. SECURED DEBT AND FUTURE ADVANCES. The tern "Secured Debt' is defined as follows:
<br />A. Debt incurred under the tennis 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. (Wizen
<br />referencing the debts below it is suggested that you include items such as borrowers' nacres, note
<br />amounts, interest rates, maturity dates, etc.)
<br />Heritage Bank note 12108255 for $85,000 of even date herewith
<br />B. All future advances front 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
<br />of 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
<br />Security Instrument 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 instrument 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 Instrument. Nothing in this Security Instrument shall constitute a commitment to make
<br />additional or future loans or advances in any amount. Any such commitment trust be agreed to in a
<br />separate writing.
<br />C. All obligations Trustor owes to Beneficiary, which may later arise, to the extent not prohibited by law,
<br />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
<br />otherwise protecting the Property and its value and any other sums advanced and expenses incurred by
<br />Beneficiary under the terms of this Security Instrument.
<br />'Phis Security lnstrwueut will not secure any other debt if Beneficiary fails to give any required notice of the
<br />right of rescission.
<br />S. 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. Trustor warrants that Trustor is or will be lawfully seized of the estate conveyed
<br />by this Security instrument and has the right to irrevocably grant, convey, and sell the Property to Trustee, in
<br />trust, with power of sale. Trustor also warrants that the Property is unencumbered, except for encumbrances
<br />of record.
<br />7. PRIOR SECURITY INTERESTS. With regard to any other mortgage, decd of trust, security agreement or
<br />other lien docwucnt that created a prior security interest or encwnbrance 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 the lieu document without Beneficiary's prior written consent.
<br />8. CLAIMS AGAINST TITLE. Trustor will pay all taxes, assessments, liens, encumbrances, lease payments,
<br />ground rents, utilities, and other charges relating to the Property when due. Beneficiary may 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 will 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 Trustor may have against parties who supply labor or materials to maintain or hnprovc the
<br />Property.
<br />VMPO I r Sysis Systems-nil
<br />vrNE
<br />Wolters Kluwer Financial Services ®1994, 2011
<br />RE-0T-NE 2/112013
<br />VMP•C16%(NE) (13021.00
<br />Pape 2 of 6
<br />
|