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2� 17� 1591
<br /> The property is Iacated in ...Ha 1 l.................................................. a� .......,.---.....,...................
<br /> (County}
<br /> ,.2�0.3..�!�F 1 anna�an. S�t..................., ..Grand.=s l and.,................, N�braska ..�.S 8 0 3..... ..
<br /> ..... . . ....... ,. .... ... ... ...... .. . .... . . . ..... .,.
<br /> �Addr�ss} {�ity) �Z�P Code}
<br /> Together with a�I rights, easemen�s, appurtenances, raya.ltxes, mineral ri�hts, oil and gas rights, a11 wat�r and
<br /> riparian rights, �it�h�s, and water s�ock and a11 ex�st�ng and future imprnvem�nts, structures, fixtures, and
<br /> replacements�hat may now, or at any�ime in the future, be part of the real �state desGrxbed abave �a11 referred
<br /> to as "Property"}.
<br /> 3. MA�IMUM QELYGATIDN LIMIT. The total pr�ncipal amount secured by thYs Security �nstrument at any
<br /> one �ime sha11 not exceed $ ��,.o 0 0..o.o................................... . This limxta��an af amount does not
<br /> include interest and other fees and charg�s va.�id�y made pursuant to this 5ecurity instrument, AXso, �his
<br /> �imxtatian does nat apply to advan�es made under the �erms of this S�cur�ty 7nstrument �o protec�
<br /> Ben�f�c�ary's security and to perfflrm any of the cavenants contained in th�s Security Ins�rum�nt.
<br /> 4, SE�i]RED D��.3T AND F�JTURE A►I]V.ANCES. The t�rm "Secured I]e�t" is defined as follows:
<br /> A.Debt incurred under�he terms af a1I promissory note�s}, contract�s}, guaranty�ies} or oth�r evidence of
<br /> deb� descrYbed below and aII �heir extensions, ren�wals, modifi�atians or substitutians. �Y�u must
<br /> speci�ic�lly identify the de�at�s} secured and you shouZd include t�he�naZ maturzty date of such debt(s}.}
<br /> Note Dated March �3 ��17 =n The Am�unt 4f $3�, 000.��
<br /> Accruira.g At A Varia�l� Rate With,A Maturity �ate Qf March 2 4� 2���
<br /> Said Loar� Ira. The Name�s} C3f D�ra.nis L Knuth
<br /> And Wara.da M Knu�h
<br /> B. All future advances fr�m Beneficiary to Trustar or other future obl�gat�ons of Trustor �a Beneficiary
<br /> under any pramissary note, cantra�t, guaranty, or other e�idence of debt exe�uted by Trustor in favor
<br /> of Beneficiary after this Security �nstrumen� whether or not this S�cur�ty Zns�rum�nt is specifi�a.l�y
<br /> referen�ed, rf more than one p�rsan signs this Security Znstrument, each Trustar agr�es that this
<br /> Security Ynstrum�nt w��l secure a11 furure ad�ances and future abligatians that ar� given to or in�urred
<br /> by any ane or m�re Trustar, or any ane or more Trus�or and athers. AI1 future ad�anc�s and oth�r
<br /> future obliga�ions are secured by th�s Securxty �ns�rument e�en though aII ar part may nat yet ��
<br /> advanced, AII future advances and other future obligati�ns are secured as if made on the date af this
<br /> S�curity Instrum�nt. Nothing in this Se�uri�y Instrumen� sha.Il constitute a commitment to mak�
<br /> additional or future xoans or advanc�s �n any amount. Any such cam�mitment must be agreed to Yn a
<br /> separa�e writing.
<br /> �.AI1 other ol�ligat�ons Trustor�wes to Benef�c�a.ry, whi�h may Iater ar�se, ta the extent not prohi�i�ed by
<br /> Iaw, including, but no� limited to, Iiabx�ities for overdrafts re�at�ng �o any de�osit account agreem�nt
<br /> betw�en Trustar and Beneficiary.
<br /> I].A�l additranal sums advanced and expenses zn�urred by Benefxc�ary for insuring, preser�ing or
<br /> atherwise pratecting the Proper�y and its value and any o�her sums ad�an�ed and expenses in�urr�d by
<br /> Benefi�iary under the terms of this Secur�ty Instrument.
<br /> In the event that Beneficiary faxls �a provide any required notice of the r�ght of resczssion, Beneficiary wai�es
<br /> any subsequen� s�curi�y inter�st Yn the Trustor's principal dwelling that is created l�y thYs S��urity�nstrument.
<br /> 5. DEED �F TRUST CQVENANTS. Trustor agrees tha� �he co�enants in th�s section are materiai obliga�xons
<br /> under the S�cured Debt and th�s Secur�ty Zns�rument. �f Trustar breaches any covenant in �h�s section,
<br /> Beneficiary may refuse ta make additional extensrons of credit and reduce the cr�di� limit. By not �xerc�sing
<br /> eYther remedy on Trustar"s breach, Seneficzary daes not waive�eneficiary's right to Iater consider�he event a
<br /> breach if it happens again.
<br /> Payments. Trustar a�rees that a11 payments under the Secured Debt v�ili be paid when due and in ac�ardance
<br /> with the terms af�he Secured De�t and this Security Instrument.
<br /> Pr�or Security Inter�sts. W�th regard to any other mortgag�, deed af trus�, security agreem�nt ar other lien
<br /> document that created a pr�ar secur�ty interest or encumbrance an the Property, Trustor agrees to mak� all
<br /> payments when due and �o perform or comply w�t.�. al1 covenants. Trus�or a�s� agrees not ta a�law any
<br /> modification or extens�on of, nor to request any fu�ure ad�ances under any note or agreement secured by th�
<br /> lien document without Ben�ficiary's prior written appraval.
<br /> Claims Aga�nst Txtle. Trus�ar wil� pay aII taxes �includ�ng any tax assessed to this Deed af Trust},
<br /> ass�ssments, lzens, encumbran�es, lease paym�nts, ground rents, utxlities, and ather charges relatzng ta the
<br /> Property when due. Benefi�iary may require Trustor to pro�ide to B�nefYc�ary �apies af a�.� notices that such
<br /> amounts are due and the re�eipts ev�dencxng Tru.s��r's payment. Trustar w�11 defend titl� to the Properry
<br /> against any claims �hat v`rauld impair the li�n of �his S�curity Instrumen�. Trustar agrees ta assign to
<br /> Benef��iary, a� requested by Benef�c�ary, any rights, claims or defenses "Trustor may ha�e against parties who
<br /> supply labor or materxal�to maintain or impra�e the Praperty.
<br /> 5ecurity lnstrum�nt-apen-�r�d-Cvnsumer-NE OCP-REDT-N� 7121�OT 1
<br /> VMPD 6ankers SystemsT�" VMP-C465�N�f {1��7�.D�
<br /> Wglters ffluwer Financiai Ser�i�es Q1594,���� Page 2 of 5
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