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201405346
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Last modified
11/21/2014 8:54:21 AM
Creation date
8/29/2014 1:03:35 PM
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DEEDS
Inst Number
201405346
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201405346 <br />limitation of amount does not include interest and other fees and charges validly made pursuant <br />to this Security Instrument. Also, this limitation does not apply to advances made under the <br />terms of this Security Instrument to protect Lender's security and to perform any of the <br />covenants 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 August 27, <br />2014, from Grantor to Lender, with a maximum credit limit of $900,000.00 and maturing on <br />April 30, 2015. <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 advances are secured as if <br />made on the date of this Security Instrument. Nothing in this Security Instrument shall <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 conform to any limitations of Regulations Z and <br />X that are required for loans secured by the Property. <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 />waives any subsequent security interest in the Grantor's principal dwelling that is created by <br />this Security Instrument. This Security Instrument will not secure any debt for which a <br />non - possessory, non- purchase money security interest is created in "household goods" in <br />connection with a "consumer loan," as those terms are defined by federal law governing <br />unfair and deceptive credit practices. This Security Instrument will not secure any debt for <br />which a security interest is created in "margin stock" and Lender does not obtain a <br />"statement of purpose," as defined and required by federal law governing securities. 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 conform to any limitations of Regulations Z and <br />X that are required for loans secured by the Property. <br />D. Sums Advanced. All sums advanced and expenses incurred by Lender under the terms of <br />this Security Instrument. <br />4. PAYMENTS. Grantor agrees that all payments under the Secured Debts will be paid when <br />due and in accordance with the terms of the Secured Debts and this Security Instrument. <br />5. WARRANTY OF TITLE. Grantor warrants that Grantor is or will be lawfully seized of the <br />estate conveyed by this Security Instrument and has the right to irrevocably grant, convey and <br />sell the Property to Trustee, in trust, with power of sale. Grantor also warrants that the <br />Property is unencumbered, except for encumbrances of record. <br />6. PRIOR SECURITY INTERESTS. With regard to any other mortgage, deed of trust, security <br />agreement or other lien document that created a prior security interest or encumbrance on the <br />Property, Grantor agrees: <br />A. To make all payments when due and to perform or comply with all covenants. <br />B. To promptly deliver to Lender any notices that Grantor receives from the holder. <br />C. Not to allow any modification or extension of, nor to request any future advances under <br />any note or agreement secured by the lien document without Lender's prior written consent. <br />7. CLAIMS AGAINST TITLE. Grantor will pay all taxes, assessments, liens, encumbrances, <br />lease payments, ground rents, utilities, and other charges relating to the Property when due. <br />Lender may require Grantor to provide to Lender copies of all notices that such amounts are due <br />and the receipts evidencing Grantor's payment. Grantor will defend title to the Property against <br />any claims that would impair the lien of this Security Instrument. Grantor agrees to assign to <br />Lender, as requested by Lender, any rights, claims or defenses Grantor may have against <br />parties who supply labor or materials to maintain or improve the Property. <br />RALPH R CORNELIUS <br />Nebraska Deed Of Trust Initials <br />4E, <br />Wolters Kluwer Financial Services ©1996, 2014 Bankers age 2 <br />Systemsr"' <br />
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