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201600769
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Last modified
5/17/2016 12:56:31 PM
Creation date
2/8/2016 12:27:43 PM
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DEEDS
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201600769
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Beneficiary <br />Heritage Bank <br />1101 12th Street <br />PO Box 329 <br />Aurora, NE 68818 <br />201600769 <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 Four (4), Indianhead Second Subdivision, in the City of Grand Island, Hall County, Nebraska <br />The property is located in HALL County at 4171 INDIANHEAD DR, GRAND ISLAND, Nebraska <br />68803. <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 $5,000.00. This limitation of amount does not include interest and other <br />fees and charges validly made pursuant to this Security Instrument. Also, this limitation does not apply <br />to advances made under the terms of this Security Instrument to protect Beneficiary's security and to <br />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 DEBORAH `K PIEPER and JEROME D PIEPER (the <br />"Borrower ") and dated the same date as this Security Instrument (the "Note "). The Note states <br />that Borrower owes Lender five thousand and 00/100 Dollars (U.S. $5,000.00) plus interest. <br />Borrower has promised to pay this debt in regular periodic payments and to pay the debt in full <br />not later than January 22, 2018. <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 />Deed Of trust Closed. End-NE _. <br />Bankers Syslem&" VMP®.... <br />Wolters Kluwer Financial Services C 2014 <br />2015011915:3,QQ3355- N201.51109N <br />09/2015 <br />Page 2 of 9 <br />
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