Heritage Bank
<br />1101 12th Street
<br />PO Box 329
<br />Aurora, NE 68818
<br />201603491,
<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 />PART OF FRACTIONAL BLOCK 3, WINDOLPH'S ADDITION AND COMPLEMENT,
<br />FRACTIONAL BLOCK 38, CHARLES WASMER'S ADDITION, BOTH BEING ADDITIONS TO
<br />THE CITY OF GRAND ISLAND, HALL COUNTY, NEBRASKA, AND MORE PARTICULARLY
<br />DESCRIBED AS FOLLOWS: BEGINNING AT THE SOUTHEASTERLY CORNER OF
<br />FRACTIONAL LOT 3, FRACTIONAL BLOCK 3, WINDOLPH'S ADDITION TO THE CITY OF
<br />GRAND ISLAND, HALL COUNTY, NEBRASKA, THENCE WESTERLY ON THE NORTHERLY
<br />LINE OF JOHN STREET A DISTANCE OF 54 FEE; THENCE NOTHERLY PARALLEL WITH
<br />THE WESTERLY LINE OF ADAMS STREET A DISTANCE OF 132 FEET; THENCE EASTERLY
<br />PARALLEL WWITH THE NORTHERLY LNE OF JOHN STREET A DISTANCE OF 54 FEET TO
<br />THE WESTERLY LINE OF ADAMS STREE; THENCE SOUTHERLY ON THE WESTERLY LINE
<br />OF ADAMS STREET A DISTANCE OF 132 FEET TO THE POINT OF BEGINNING.
<br />The property is located in HALL County at 520 S ADAMS, 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
<br />at any one time shall not exceed $11,386.00. 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 ANGEL OMAR MENCIA (the "Borrower") and dated the
<br />same date as this Security Instrument (the "Note"). The Note states that Borrower owes Lender
<br />eleven thousand three hundred eighty -six and 00 /100 Dollars (U.S. $11,386.00) 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 May 25, 2019.
<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, TT
<br />A PI T,
<br />Deed Of Trust Closed End -NE
<br />Bankers Systems" VMP® 04/2016
<br />Wolters Kluwer Financial Services ® 2014 2016052616.1.1.3555- N20160415N Page 2 of 10
<br />
|