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201604426
<br /> The property is located in ...xall.................................................. at .....................................
<br /> (CounTy)
<br /> ..2 62 O..JaY..St.................................. ..Grand,2 sland.................., Nebraska ..6 8 8 0 3...........
<br /> (Address) (Ciry) (ZIP Code)
<br /> Together with all rights, easements, appurtenances, royalties, mineral rights, oil and gas rights, all water and
<br /> riparian rights, ditches, and water stock and all existing and future improvements, structures, fixtures, and
<br /> replacements that may now, or at any time in[he future, be part of the real estate described above (all referred
<br /> to as "Proper[y").
<br /> 3. MAXINNM OBLIGATION LIMIT. The total principal amount secured by this Security Instrument at any
<br /> one time shall not exceed $ 50,.000;,00,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,, , �is limitation of aznount does not
<br /> include interest and other fees and chazges validly made pursuant to this Security Instrument. Also, this
<br /> limitation does not apply to advances made mmder the terms of this Security Instrumern to protect
<br /> Beneficiary's security and to perform any of the covenants contained in this Security Instrument.
<br /> 4. 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), guuanty(ies) or other evidence of
<br /> debt described below and all their extensions, renewals, modifications or substitutions. (You must
<br /> specifically identify t{ee debt(s)secured and you shouZd include the final matnrity date af such debt(s).)
<br /> Note Dated June 23, 2016 In The Amount OE $SO, OOO.OD
<br /> Accruing At A Variable Rate With A Maturity Date Of Sune 28, 2021
<br /> Said Loan In The Name(s) Of Maurice A Shellhaas
<br /> And Cynthia J Shellhaas
<br /> B. All future advances from Beneficiary to Trustor or other future obligations of Trustor to Beneficiary
<br /> under any promissory note, contract, guaranty, or other evidence of debt executed by Trustor in favor
<br /> of Beneficiary after this Security Insmiment whether or not this Security Insmunent is specifically
<br /> referenced. If more than one person signs this Security Instnunent, each Trustor agrees that this
<br /> Security Instrument will secure all future advances and future obligations that aze given to or incurred
<br /> by any one or more Trustor, or any one or more Trustor and others. All future advances and other
<br /> fumre obligations aze secured by this Securiry Instrument even though all or part may not yet be
<br /> advanced. All future advances and other fitture obligations aze secured as if made on the date of this
<br /> Security Instmment. Nothing in this Security Instrument shall constitute a commitment ro make
<br /> additional or future loans or advances in any amount. Any such couunitment must be agreed to in a
<br /> sepazate writing.
<br /> C.All other obligations Trustor owes to Beneficiary, which may later azise, to the extent not prohibited by
<br /> law, including, but not limited to, liabilities for overdrafts relating to any deposit account agreement
<br /> between Trustor and Beneficiary.
<br /> D.All additional sums advanced and expenses incurred by Beneficiary for insuring, preserving or
<br /> otherwise protecting the Property and its value and any other sums advanced and expenses incurred by
<br /> Beneficiary under the terms of this Securiry Instrument.
<br /> In the event that Beneficiary fails to provide any required notice of the right of rescission, Beneficiary waives
<br /> any subsequent security interest in the Trustor's principal dwelling that is created by this Security Instrument.
<br /> 5. DEED OF TRUST COVENANTS. Trustor agrees that the covenants in this section aze material obligations
<br /> under the Sewred Debt and this Securiry Instrument. If Tmstor breaches any covenant in this section,
<br /> Beneficiary may refuse to make additional extensions of credit and reduce the credit limit. By not exercising
<br /> either remedy on Trustor's breach, Beneficiary does not waive Beneficiary's right to later consider the event a
<br /> breach if it happens again.
<br /> Payments. Trustor agrees that all payments under the Secured Debt will be paid when due and in accordance
<br /> with the terms of the Secured Debt and this Security Instrument.
<br /> Prior Security lnterests. With regard to any other mortgage, deed of trust, securiry agreement or other lien
<br /> document that created a prior securiry interest or encumbrance on the Property, Trustor agrees to make all
<br /> payments when due and to perform or comply with all covenants. Trustor also agrees not to allow any
<br /> modification or extension of, nor to request any future advances under any note or agreement secured by the
<br /> lien document without Beneficiary's prior written approval.
<br /> Claims Against Title. Trustor will pay all ta7ces (induding any tax assessed to this Deed of Trust),
<br /> assessments, liens, encumbrances, lease payments, ground rents, utiliries, and other chazges relating to [he
<br /> Property when due. Beneficiary may require Trustor to provide to Beneficiary copies of all notices that such
<br /> amounts aze due and the receipts evidencing Trustor's payment. Trustor will defend title to the Property
<br /> against any claims that would impair the lien of this Security Instmment. Trustor agrees to assign to
<br /> Beneficiary, as requested by Beneficiary, any rights, claims or defenses Trustor may have against parties who
<br /> supply labor or materials to maintain or improve the Property.
<br /> Security InstrumeniOpeo-Entl-Cansume�-NE OCP-RE�T-NE ]/2/2017
<br /> VMPO Bankers SysiamsTM VMP-C4651NE1 1110]�.00
<br /> Wolters Kluwer Financial Services�'1994,2011 Page 2 of 6
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