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5/17/2016 12:56:29 PM
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12/18/2015 4:37:27 PM
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DEEDS
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201508581
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821 2nd St <br />PO Box 84 <br />St. Paul, NE 68873 <br />Deed Of Trust Closed End-NE <br />Bankers Systems VMPO <br />Wolters Kluwer Financial Services ® 2014 <br />2015121515.3.0.3355- N20151109N <br />201..i0858/. <br />1. Conveyance. For good and valuable consideration, the receipt and sufficiency of which is <br />acknowledged, and to secure the Secured Debt (defined below) and Trustor's performance under this <br />Security Instrument, Trustor irrevocably grants, conveys and sells to Trustee, in trust for the benefit of <br />Beneficiary, with power of sale, the following described property: <br />Lot Five (5), Block Two (2), Brentwood Subdivision in the City of Grand Island, Hall County, <br />Nebraska. (Parcel 1) <br />The property is located in Hall County at 3131 Woodridge Blvd, Grand Island , Nebraska 68801. <br />Together with all rights, easements, appurtenances, royalties, mineral rights, oil and gas rights, <br />all water and riparian rights, ditches, and water stock and all existing and future improvements, <br />structures, fixtures, and replacements that may now, or at any time in the future, be part of the real <br />estate described above (all referred to as "Property"). <br />2. Maximum Obligation Limit. The total principal amount secured by this Security Instrument at <br />any one time shall not exceed $172,500.00. This limitation of amount does not include interest and <br />other fees and charges validly made pursuant to this Security Instrument. Also, this limitation does not <br />apply to advances made under the terms of this Security Instrument to protect Beneficiary's security <br />and to perform any of the covenants contained in this Security Instrument. <br />3. Secured Debt and Future Advances. The term "Secured Debt" is defined as follows: <br />(A)Debt incurred under the terms of all promissory note(s), contract(s), guaranty(ies) or other <br />evidence of debt described below and all their extensions, renewals, modifications or <br />substitutions. <br />The promissory note signed by Patricia A Swanson (the "Borrower') and dated the same <br />date as this Security Instrument (the "Note"). The Note states that Borrower owes Lender <br />one hundred seventy two thousand five hundred and 00 /100 Dollars (U.S. $172,500.00) plus <br />interest. Borrower has promised to pay this debt in regular periodic payments and to pay the <br />debt in full not later than March 16, 2021. <br />(B)All future advances from Beneficiary to Trustor or other future obligations of Trustor to <br />Beneficiary under any promissory note, contract, guaranty, or other evidence of debt executed <br />by Trustor in favor of Beneficiary after this Security Instrument whether or not this Security <br />Instrument is specifically referenced. If more than one person signs this Security Instrument, <br />each Trustor agrees that this Security Instrument will secure all future advances and future <br />obligations that are given to or incurred by any one or more Trustor, or any one or more Trustor <br />and others. All future advances and other future obligations are secured by this Security <br />Instrument even though all or part may not yet be advanced. All future advances and other <br />future obligations are secured as if made on the date of this Security Instrument. Nothing in <br />this Security Instrument shall constitute a commitment to make additional or future loans or <br />advances in any amount. Any such commitment must be agreed to in a separate writing. <br />(C) All obligations Trustor owes to Beneficiary, which may later arise, to the extent not prohibited <br />by law, including, but not limited to, liabilities for overdrafts relating to any deposit account <br />agreement between Trustor and Beneficiary. <br />09/2015 <br />Page 2 of 9 <br />
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