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201740 <br />LOT TWO (2), MIL -NIC SECOND SUBDIVISION IN THE CITY OF GRAND ISLAND, HALL <br />COUNTY, NEBRASKA, EXCEPT THAT PORTION DEEDED TO THE CITY. OF GRAND ISLAND BY <br />DEED RECORDED SEPTEMBER 5, 2000 AS INSTRUMENT #200007279; AND <br />LOT THREE (3), MIL -NIC ADDITION IN THE CITY OF GRAND ISLAND, HALL COUNTY, <br />NEBRASKA, EXCEPT THAT PORTION INCLUDED IN MIL -NIC SECOND SUBDIVISION. <br />The property is located in Hall County at 2503 SOUTH LOCUST STREET, GRAND ISLAND, <br />Nebraska 68801. <br />Together with all rights, easements, appurtenances, royalties, mineral rights, oil and gas rights, <br />all water and riparian rights, wells, ditches and water stock, crops, timber including timber to be <br />cut now or at any time in the future, all diversion payments or third party payments made to <br />crop producers and all existing and future improvements, structures, fixtures, and replacements <br />that may now, or at any time in the future, be part of the real estate described (all referred to <br />as Property). This Security Instrument will remain in effect until the Secured Debts and all <br />underlying agreements have been terminated in writing by Lender. <br />4. MAXIMUM OBLIGATION LIMIT. The total principal amount secured by this Security <br />Instrument at any one time and from time to time will not exceed $349,700.00. Any limitation <br />of amount does not include interest and other fees and charges validly made pursuant to this <br />Security Instrument. Also this limitation does not apply to advances made under the terms of <br />this Security Instrument to protect Lender's security and to perform any of the covenants <br />contained in this Security Instrument. <br />5. SECURED DEBTS. The term "Secured Debts" includes and this Security Instrument will <br />secure each of the following: <br />A. Specific Debts. The following debts and all extensions, renewals, refinancings, <br />modifications and replacements. A promissory note or other agreement, No. 18003421, <br />dated December 22, 2016, from Grantor to Lender, with a loan amount of $349,700.00. <br />B. All Debts. All present and future debts from Grantor to Lender, even if this Security <br />Instrument is not specifically referenced, or if the future debt is unrelated to or of a different <br />type than this debt. If more than one person signs this Security Instrument, each agrees <br />that it will secure debts incurred either individually or with others who may not sign this <br />Security Instrument. Nothing in this Security Instrument constitutes a commitment to make <br />additional or future loans or advances. Any such commitment must be in writing. This <br />Security Instrument will not secure any debt for which a non - possessory, non- purchase <br />money security interest is created in "household goods" in connection with a "consumer <br />loan," as those terms are defined by federal law governing unfair and deceptive credit <br />practices. This Security Instrument will not secure any debt for which a security interest is <br />created in "margin stock" and Lender does not obtain a "statement of purpose," as defined <br />and required by federal law governing securities. This Security Instrument will not secure <br />any other debt if Lender, with respect to that other debt, fails, to fulfill any necessary <br />requirements or fails to conform to any limitations, of the Truth in Lending Act (Regulation Z) <br />or the Real Estate Settlement Procedures. Act, (Regulation X) that are required for loans <br />secured by the Property. <br />C. Sums Advanced. All sums advanced and expenses incurred by Lender under the terms of <br />this. Security Instrument. <br />6. PAYMENTS. Grantor agrees that all payments under the Secured Debts will be paid when <br />due and in accordance with the terms of the Secured Debts and this Security Instrument. <br />7. WARRANTY OF TITLE. Grantor warrants that Grantor is or will be lawfully seized of the <br />estate conveyed by this Security Instrument and has the right to irrevocably grant, convey and <br />sell the Property to Trustee, in trust, with power of sale. Grantor also warrants that the <br />Property is unencumbered, except for encumbrances of record. <br />8. PRIOR SECURITY INTERESTS. With regard to any other mortgage, deed of trust, security <br />agreement or other lien document that created a prior security interest or encumbrance on the <br />Property, Grantor agrees: <br />A. To make all payments when due and to perform or comply with all covenants. <br />B. To promptly deliver to Lender any notices that Grantor receives from the holder. <br />C. Not to allow any modification or extension of, nor to request any future advances under <br />any note or agreement secured by the lien document without Lender's prior written consent. <br />9. CLAIMS AGAINST TITLE. Grantor will pay all taxes, assessments, liens, encumbrances, <br />lease payments, ground rents, utilities, and other charges relating to the Property when due. <br />Lender may require Grantor to provide to Lender copies of all notices that such amounts are due <br />and the receipts evidencing Grantor's payment. Grantor will defend title to the Property against <br />CALM NIGHTS, L.L.C. <br />Nebraska Deed Of Trust Initials <br />NE/ 4XXLBENES00000000001 1 490661 2 21 1 6N Wolters Kluwer Financial Services ©1996, 2016 Bankers <br />Systems "" <br />