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201500249
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1/12/2015 4:26:02 PM
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DEEDS
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201500249
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Instrument will remain in ffect until the Secured Debts and all underlying agreements have <br />been terminated in writi y Lender. <br />2. MAXIMUM OBLI t ON LIMIT. The total principal amount secured by this Security <br />Instrument at any one i' = and from time to time will not exceed 845,000.00. Any limitation <br />of amount does not inc interest and other fees and charges validly made pursuant to this <br />Security Instrument. Also;;` his limitation does not apply to advances made under the terms of <br />this Security Instrument t protect Lender's security and to perform any of the covenants <br />contained in this Security trument. <br />3. SECURED DEBTS. T erm "Secured Debts" includes and this Security Instrument will <br />secure each of the followin <br />A. Specific Debts. The following debts and all extensions, renewals, refinancings, <br />modifications and replacements. A promissory note or other agreement, No. 77760, dated <br />January 12, 2015, from Mark Porto (Borrower) to Lender, with a loan amount of <br />845,000.00 and maturing on March 15, 2026. <br />B. All Debts. All present and future debts from Mark Porto 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. This <br />Security Instrument will not secure any debt for which a non - possessory, non- purchase <br />money security interest is created in "household goods" in connection with a "consumer <br />loan," as those terms are defined by federal law governing unfair and deceptive credit <br />practices. This Security Instrument will not secure any debt for which a security interest is <br />created in "margin stock" and Lender does not obtain a "statement of purpose," as defined <br />and required by federal law governing securities. This Security Instrument will not secure <br />any other debt if Lender fails, with respect to that other debt, to fulfill any necessary <br />requirements or conform to any limitations of Regulations Z and X that are required for loans <br />secured by the Property. <br />C. 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. NON - OBLIGATED GRANTOR. Any Grantor, who is not also identified as a Borrower in the <br />Secured Debts section of this Security Instrument and who signs this Security Instrument, is <br />defined as a cosigner for purposes of the Equal Credit Opportunity Act and the Consumer <br />Financial Protection Bureau's Regulation B, 12 C.F.R. 1002.7(d)(4), and is referred to herein as <br />a Non - Obligated Grantor. By signing this Security Instrument, the Non - Obligated Grantor does <br />convey and assign their rights and interests in the Property to secure payment of the Secured <br />Debts, to create a valid lien, to pass clear title, to waive inchoate rights and to assign earnings <br />or rights to payment under any lease or rent of the Property. However, the Non - Obligated <br />Grantor is not personally liable for the Secured Debts by virtue of signing this Security <br />Instrument. Nothing in this section shall be construed to modify or otherwise affect the <br />Non - Obligated Grantor's obligations, if any, that were separately made with Lender in a <br />separate agreement and duly signed by the Non - Obligated Grantor in the context of that <br />separate agreement. <br />6. 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 />7. 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 />8. 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 />Mark Porto <br />Nebraska Deed Of Trust Initials <br />NE /4BKARNATZ00000000000676015N Wolters Kluwer Financial Services ©1996, 2015 Bankers Page 2 <br />SystemsTM <br />
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