|
Date of Note(s) or Credit Agreements) Principal Amount
<br />10/14/2014 $200,000.00
<br />This Trust Deed will be due March 1, 2034.
<br />201406604
<br />Tract 1: The Southwest Quarter (SW1 /4) of Section 29, Township 9 North, Range 10 West of the 6th
<br />P.M., Hall County, Nebraska EXCEPTING a tract of land more particularly described in Quit Claim
<br />Deed recorded in Book 138, Page 329 EXCEPTING a tract of land more particularly described in Lease
<br />recorded in Book K, Page 386 and Amendment to Lease recorded as Document No. 79- 003900.
<br />together with all Trustor's right, title, and interest in the property, now or hereafter acquired, including:
<br />all buildings, fixtures, timber, timber to be cut, crops, and improvements now on or hereafter placed
<br />upon the property; all appurtenances, water, water rights, irrigation, and drainage rights; all rents,
<br />issues, uses, income, profits, and rights to possession; all oil, gas, gravel, rock, or other minerals of
<br />whatever nature, including geothermal resources; all personal property that may integrally belong to or
<br />hereafter become an integral part of the real estate whether attached or detached, including any
<br />appurtenances and accoutrements of any structure or residence secured hereby; easements and other
<br />rights and interests now or at any time hereafter belonging to or in any way pertaining to the property,
<br />whether or not specifically described herein; all above and below ground irrigation equipment and
<br />accessories; and all leases, permits, licenses, or privileges, appurtenant or nonappurtenant to the
<br />property, now or hereafter issued, extended or renewed by Trustor(s), any State, the United States, or
<br />any department, bureau, instrumentality, or agency thereof. The foregoing is collectively referred to in
<br />this document as the "property."
<br />It is understood and agreed between Trustor(s) and Beneficiary that this Trust Deed is given to secure
<br />the repayments in full of the following described obligations, regardless of whether Mortgagor(s) is(are)
<br />liable thereon, and all future and additional loans or advances, protective or otherwise, which may be
<br />.made by. Beneficiary, at its option, at the request of, and to or for the account of Trustor(s), the parties
<br />liable under the note(s) or credit agreement(s), or any of them, for any purpose, plus interest thereon,
<br />all payable according to the terms of the note(s), credit agreement(s), or other instrument(s) modifying
<br />the same.
<br />Provided, however, that the total principal indebtedness outstanding and secured hereby at any one
<br />time will not exceed the sum of FOUR HUNDRED THOUSAND, ($400,000.00), exclusive of interest
<br />and protective advances authorized herein or in the loan agreement(s); provided further, that THIS
<br />PARAGRAPH SHALL NOT CONSTITUTE A COMMITMENT TO MAKE FURTHER OR ADDITIONAL
<br />ADVANCES IN ANY AMOUNT AT ANY TIME, WHETHER OR NOT THE TOTAL PRINCIPAL
<br />INDEBTEDNESS ABOVE HAS BEEN ADVANCED.
<br />Trustor(s) hereby warrants that Trustor(s) holds fee simple title to the above described property, that
<br />Trustor(s) has good and lawful authority to deed and encumber the same, that the property is free and
<br />clear of all liens and encumbrances, except encumbrances of record, and that Trustor(s) will warrant
<br />and defend the property, at Trustor(s) expense, against all claimants whomsoever. Trustor(s) also
<br />hereby waives and relinquishes all rights of dower, homestead, distributive share, and exemption in and
<br />to the above described property.
<br />This trust deed secures more than one note. In the event of default under any note, all notes will be
<br />considered to be in default and the Beneficiary may exercise the remedies provided herein in
<br />satisfaction of all notes.
<br />Trustor(s) and each of them further covenants and agrees with, or certifies to, Beneficiary
<br />as follows:
<br />App #: 5274328; CIF #: 101027; Note #: 204 220SQ Legal Doc. Date: October 14, 2014
<br />FORM 5011, Trust Deed and Assignment of Rents Page 2 of 5
<br />
|