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201608229
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7/3/2017 5:40:46 PM
Creation date
12/8/2016 11:17:45 AM
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201608229
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209 E Delaware Ave <br />Grand Island, NE 68801 <br />Beneficiary <br />Heritage Bank <br />1333 N. Webb Road <br />PO Box 5138 <br />Grand Island, NE 68802 <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 />ALL OF LOT THIRTY (30) AND THE NORTH ONE -HALF OF LOT THIRTY-ONE (31), IN <br />"HAWTHORNE PLACE ", IN THE CITY OF GRAND ISLAND, HALL COUNTY, NEBRASKA. <br />The property is located in Hall County at 209 E Delaware Ave, 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 $15,000.00. 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 Kay Geis (the "Borrower") and dated the same date as this <br />Security Instrument (the "Note"). The Note states that Borrower owes Lender fifteen thousand <br />and 00 /100 Dollars (U.S. $15,000.00) plus interest. Borrower has promised to pay this debt in <br />regular periodic payments and to pay the debt in full not later than February 28, 2017. <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 Systems' VMP® <br />Wolters Kluwer Financial Services ® 2014 <br />2016112316.2.0.3885J20161012Y <br />201608229 <br />0612016 <br />Page 2of9 <br />
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