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201701720
<br /> The property is located in Hall County at , , Nebraska .
<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 /> 3. 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 $10,000.00. 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 /> 4. SECURED DEBTS AND FUTURE ADVANCES. The term "Secured Debts" includes and this
<br /> Security Instrument will 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, dated March 15,
<br /> 2017, from Grantor to Lender, with a maximum credit limit of $10,000.00 and maturing on
<br /> April 15, 2018.
<br /> B. Future Advances. All future advances from Lender to Grantor under the Specific Debts
<br /> executed by Grantor in favor of Lender after this Security Instrument. If more than one
<br /> person signs this Security Instrument, each agrees that this Security Instrument will secure
<br /> all future advances that are given to Grantor either individually or with others who may not
<br /> sign this Security Instrument. All future advances are secured by this Security Instrument
<br /> even though all or part may not yet be advanced. All future advances are secured as if
<br /> made on the date of this Security Instrument. Nothing in this Security Instrument shall
<br /> constitute a commitment to make additional or future advances in any amount. Any such
<br /> commitment must be agreed to in a separate writing.
<br /> C. Sums Advanced. All sums advanced and expenses incurred by Lender under the terms of
<br /> this Security Instrument.
<br /> 5. 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 /> 6. 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 /> 7. 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 /> 8. 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 /> any claims that would impair the lien of this Security Instrument. Grantor agrees to assign to
<br /> Lender, as requested by Lender, any rights, claims or defenses Grantor may have against
<br /> parties who supply labor or materials to maintain or improve the Property.
<br /> 9. DUE ON SALE. Lender may, at its option, declare the entire balance of the Secured Debt to
<br /> be immediately due and payable upon the creation of, or contract for the creation of, any
<br /> transfer or sale of all or any part of the Property. This right is subject to the restrictions
<br /> imposed by federal law, as applicable.
<br /> 10. WARRANTIES AND REPRESENTATIONS. Grantor has the right and authority to enter into
<br /> this Security Instrument. The execution and delivery of this Security Instrument will not violate
<br /> any agreement governing Grantor or to which Grantor is a party.
<br /> 11. PROPERTY CONDITION, ALTERATIONS, INSPECTION, VALUATION AND APPRAISAL.
<br /> Grantor will keep the Property in good condition and make all repairs that are reasonably
<br /> necessary. Grantor will not commit or allow any waste, impairment, or deterioration of the
<br /> Michael J.Hollister
<br /> Nebraska Deed Of Trust
<br /> NE/4XRATHMAN00000000001180020N Wolters Kluwer Financial Services©1996,2017 Bankers Page 2
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