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2� 15�81 ��
<br /> The property �s Xocated in ...xall.................................................. at ................,................ .
<br /> ...
<br /> t�aunty}
<br /> l4�7 Meadow Rd .? ..Grand,I s l,and..........�......., N��raska �8 8 0 3
<br /> .•.•••..r r r r r r r r.•..••.....•.••....•••.•r r r r r.•r•..•.. ..•..••... ..r r r .r... .....•..••r•.r•..r...
<br /> (Address} (City} (Z�P Code}
<br /> Together with aXl rights, easements, appurtenan�es, rayalt�es, minera.� rights, oiI and gas rights, all wa��r and
<br /> r�parian rights, ditches, and water stock and all �xis�ing and future impravements, s�ruct�ures, fixture�, and
<br /> replacemen�s�hat may now, ar at any time in the future, be par�of the r�a.I estate d�scrzbed abo�e �all referred
<br /> to as "Proper�y"}.
<br /> 3. MA�IMUM �BLIGATI�N LIMIT. The t��ai princYpal amount secured by thxs Security Ynstrument at any
<br /> one tim� shall nat exceed $ �o�.o 0 0..o.o.,.�.�............................. . Th�s lxmutation af amount does n�t
<br /> include interest and other fees and charges validly made pursuant to this Securi�y Znstrurnent. A�so, thxs
<br /> limitat�on does no� apply to advances made under the t�rms of this Security Znstrument to pr�tect
<br /> Benefzc�ary's security and�o perfarm any af the covenants contained�n this Security Instrument.
<br /> 4. SE�i]RED D�BT AND FUTURE ADVAN�ES. The term "Secured Debt" xs defined as fo�Iows:
<br /> A.Debt xncurred under the �erms of a�l prflmrssory note(s}, contract�s}, guaran�y�ies� or other e�idence of
<br /> debt described �e�ow and aII �heir extensi�ns, renewals, modificatians ar substi�utians. �You must
<br /> speci�i ca�Z� identify the debt�s) secured ar�d�ou sh�uld incl ude�he f ina�mat�urity da�e of such deb��s}.}
<br /> Not� Dated Navember 17 �D15 In The Amount �f $�0 0�� . ��
<br /> Ac�ruing At A Variable� Ra�� With A Maturity Date �f Navember 25, �Q��
<br /> Said Loan In The Name�s7 Of Richard M Stewart
<br /> And Candace A Stewart
<br /> B. All future ad�ances from Benefxcxary �o Trust�r or oth�r future abl�gatxons af Trustor ta Beneficia.ry
<br /> under any promzssory note, contract, guaranty, ar other ev�dence of debt executed by Trustar in fa�or
<br /> of Senef�ciary af�er this Secur�ty In��rum�nt whether or nat this Securxty Instrument xs �pecifica�iy
<br /> refer�nc�d. �f more than ane person signs this Securi�y �nstrument, each Trustor agrees that this
<br /> Security Instrument will secure all future ad�ances and fu�ure ob�igations that are g�ven to or incurred
<br /> by any one or more Trustor, or any on� or more Trustor and athers. AlX futur� ad�ances and ather
<br /> future obligations are secured by th�s Security Instrumen� even though all or part may not �et be
<br /> advanced. A11 future advances and other future ab�igatians are secured as �f made �n �he date af this
<br /> SecuriCy Instrum�nt. Nath�ng in �his �e�urity �nstrument shali canstitute a commitment to make
<br /> additi�nai �r futlzre �oans flr ad�ances in any am�unt. Any such �ommitmen� must be agreed �o zn a
<br /> s�p arate writing.
<br /> G.Al� other abligatians Trustor owes to Benef�G�ary, which may �ater aris�, tn �he exten�not pr�hibited by
<br /> law, includxng, �ut not limited to, Iia�iiities f�r overdrafts relating to an�r deposit account agreem�nt
<br /> �etween Trustar and Benef�c�ary.
<br /> D.A�� add�tional su�ms ad�ranced and e�p�nses incurred by Benef�c�ary for insuring, preserving ar
<br /> otherwise pratecting the Properfiy and its va.I.ue and any oth�r sums ad�an�ed and �xpenses incurred by
<br /> Senef��iary under the terms of this Securi�y Instrument,
<br /> �n the e�ent that Seneficiary faiis to pra�zde any required notice of�he right af rescission, BenefYciary wai�es
<br /> any su�sequent security �nterest in the Trustor's principal dwelling that is created by this Securi�y �nstrument.
<br /> 5. DEED aF TRUST C�VENANTS. Trustor agrees that the �a�enan�s in this sectian are mat�r�al ab�igatians
<br /> under the S�cured D�bt and this 5�curity 7nstrumen�. If Trustor breaches any covenant in this section,
<br /> Ben�ficiary may refuse t� mak� additianal extensions flf credit and reduce the credit limit. By not exercising
<br /> either remedy on Trus�or's breach, Seneficiary does nat wa��e Beneficiary's rxght to later consider the e�ent a
<br /> breach if it happens again.
<br /> Payments, Trust�r agrees that all payment� under the Secured Debt will b� paid when due and in accordance
<br /> with the t�rms af the Secured Debt and this Security �nstrument.
<br /> Pr�or Security Interests. Wzth regard to any other mor�gage, deed of trust, s�curity agreement or other �ien
<br /> do�ument that created a pr�or security int�rest or encumbrance on the Prop�rty, Trus��r agrees to make ail
<br /> payments when due and to p�rfarm or comply with all cov�nants. Trustor alsa agrees nat to allow any
<br /> modificatxon ar extension of, nor to request any future advances under any nate or agreement secured by th�
<br /> �zen document withaut Beneficiary's pr�or wri�t�n appra�al.
<br /> Claims Aga�nst Title. Trus�or wil� pay a11 taxes �includ�ng any tax assessed to this �eed of Trust),
<br /> assessments, �iens, encumbrances, 1�ase payments, ground rents, u�ilitxes, and other charges reiat�ng to the
<br /> Proper�y when due. Benefxciary may require Trustor to provide to BenefY�xary copies of a11 notice� that such
<br /> amounts are due and the rece�pts ev�dencing Trustor'� payment. Trustor will defend title ta the Property
<br /> against any claims that would impa�r th� lien of thxs Secur�ty Ynstrument. Trustflr agrees t� assign to
<br /> Benefi�iary, as requested by Benef�ciary, any rights, cla�ms or def�nses Trustor may have against parties who
<br /> supply labor ar materials to maintain or improve�he F'roperty.
<br /> Security Instrument-�pen-�nd-Cvnsumer-NE �CP-RE�T-N� 7f�1�Q1 1
<br /> VMP�Bankers 5yst�ms� VMP-C46�tNE� f��Q7�.OQ
<br /> Wolters Kluwer�inan�ial Servi�es Q1994,ZD11 F'age 2 of fi
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