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201703893
<br />COUNTY, NEBRASKA, EXCEPTING A TRACT MORE PARTICULARLY DESCRIBED IN
<br />WARRANTY DEED RECORDED AS DOCUMENT NO. 200308650.
<br />TRACT 3: PART OF THE SE1 /4 OF SECTION THIRTY (30), TOWNSHIP TEN (10) NORTH,
<br />RANGE TEN (10), WEST OF THE 6TH P.M., HALL COUNTY, NEBRASKA (SEE DEED
<br />RECORDED AS DOCUMENT NO. 201303610.
<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 $1,000,000.00. Any
<br />limitation of amount does not include interest and other fees and charges validly made pursuant
<br />to this Security Instrument. Also, this limitation does not apply to advances made under the
<br />terms of this Security Instrument to protect Lender's security and to perform any of the
<br />covenants 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 June 7,
<br />2017, from HUXTABLE FARMS, L.L.C. (Borrower) to Lender, with a maximum credit limit of
<br />$600,000.00 and maturing on February 1, 2018.
<br />B. Future Advances. All future advances from Lender to HUXTABLE FARMS, L.L.C. under
<br />the Specific Debts executed by HUXTABLE FARMS, L.L.C. in favor of Lender after this
<br />Security Instrument. If more than one person signs this Security Instrument, each agrees
<br />that this Security Instrument will secure all future advances that are given to HUXTABLE
<br />FARMS, L.L.C. either individually or with others who may not sign this Security Instrument.
<br />All future advances are secured by this Security Instrument even though all or part may not
<br />yet be advanced. All future advances are secured as if made on the date of this Security
<br />Instrument. Nothing in this Security Instrument shall constitute a commitment to make
<br />additional or future advances in any amount. Any such commitment must be agreed to in a
<br />separate writing.
<br />C. All Debts. All present and future debts from HUXTABLE FARMS, L.L.C. to Lender, even
<br />if this Security Instrument is not specifically referenced, or if the future debt is unrelated to
<br />or of a different type than this debt. If more than one person signs this Security Instrument,
<br />each agrees that it will secure debts incurred either individually or with others who may not
<br />sign this Security Instrument. Nothing in this Security Instrument constitutes a commitment
<br />to make additional or future loans or advances. Any such commitment must be in writing.
<br />This 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 />D. 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. NON - OBLIGATED GRANTOR. Any Grantor, who is not also identified as a Borrower in the
<br />Secured Debts section of this Security Instrument and who signs this Security Instrument, is
<br />referred to herein as a Non - Obligated Grantor for purposes of subsection 7(d)(4) of 12 C.F.R.
<br />1002 (Regulation B) which implements the Equal Credit Opportunity Act (ECOA). By signing
<br />this Security Instrument, the Non - Obligated Grantor does convey and assign their rights and
<br />interests in the Property to secure payment of the Secured Debts, to create a valid lien, to pass
<br />clear title, to waive inchoate rights and to assign earnings or rights to payment under any lease
<br />HUXTABLE FARMS, L.L.C.
<br />Nebraska Deed Of Trust
<br />NE /4XHERMANN00000000001289029N Wolters Kluwer Financial Services ©1996, 2017 Bankers Page 2
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