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<br /> 2Q1404111
<br /> 2. CONVEYANCE. For good and valuable consideration, the receipt and sufficiency of which is acknowledged,
<br /> and to secure the Secured Debt (hereafter defined?, Trustor irrevocably grants, conveys and sells to Trustee,
<br /> in trust for the benefit of the Beneficiary, with power of sale, the following described property:
<br /> ORIGINAL TOWN LOT 7, BLOCK 57, CITY OF GRAND ISLAND, HALL COUNTY, NEBRASKA.
<br /> The property is located in HALL at�08-312 W. 3RD STREET
<br /> (county)
<br /> , GRAND ISLAND, NE , Nebraska 68801
<br /> �Address) (City) (Zip Code)
<br /> Together with all rights, easements, appurtenances, royalties, mineral rights, oil and gas rights, crops,
<br /> timber, all diversion 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 future, be part of
<br /> the real estate described above (all referred to as "Property"►. The term Property also includes, but is not
<br /> limited to, any and all water wells, water, ditches, reservoirs, reservoir sites and dams tocated on the real
<br /> estate and all riparian and water rights associated with the Property, however established.
<br /> 3. MAXIMUM OBLIGATION LIMIT. The total principal amount of the Secured Debt (hereafter definedl secured
<br /> by this Deed of Trust at any one time shall not exceed $ 2.365.811.02 . This
<br /> limitation of amount does not include interest, loan charges, commitment fees, brokerage commissions,
<br /> attorneys' fees and other charges validly made pursuant to this Deed of Trust and does not apply to
<br /> advances (or interest accrued on such advances) made under the terms of this Deed of Trust to protect
<br /> Beneficiary security and to perform any of the covenants contained in this Deed of Trust. Future advances
<br /> are contemplated and, along with other future obligations, are secured by this Deed of Trust even though all
<br /> or part may not yet be advanced. Nothing in this Deed of Trust, however, shall constitute a commitment to
<br /> make additional or future loans or advances in any amount. Any such commitment would need to be agreed
<br /> to in a separate writing.
<br /> 4. SECURED DEBT DEFINED. The term "Secured Debt",includes, but is not limited to, the following:
<br /> A, The promissory notelsl, contractls), guaranty�ies) or other evidence of debt described below and all
<br /> extensions, renewals, modifications or substitutions (Evidence of Debt1. (When referencing the debts
<br /> be%w it is suggested ihat you rnclude items such as borrowers'names, note amounts, interest rates,
<br /> maturity dates, etc.)
<br /> NOTE�86016
<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 existing now or executed
<br /> after this Deed of Trust whether or no#this Deed of?rust is specifically refe�red to in the evidence of'.
<br />' debt.
<br /> C, All obligations Trustor owes to Beneficiary, which now exist or may later arise, to the extent not
<br /> prohibited by law, including, but not limited to, liabilities for overdrafts relating to any deposit
<br /> account agreement 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
<br /> by Beneficiary under the terms of this Deed of Trust, plus interest at the highest rate in effect, from
<br /> time to time, as provided in the Evidence of Debt.
<br /> E. Trustor's performance under the terms of any instrument evidencing a debt by Trustor to Beneficiary
<br /> and any Deed of Trust securing, guarantying, or otherwise relating to the debt,
<br /> Security Instrument-Commercial/Agricultural-NE AGCO-RESI-NE 7/tl2011
<br /> VMP�Bankers SystemsTM VMP-0595(NE� {11071.00
<br /> Wolters Kluwer Financial Services 007993,2017 Page 2 of 10
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