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<br /> 2. CONVEYANCE. For good and valuable consideration, the receipt and sufficiency of which is
<br /> acknowledged, and to secure the Secured Debt (hereafter defined), Trustor irrevocably grants, conveys
<br /> and sells to Trustee, in trust for the benefit of the Beneficiary, with power of sale, the following
<br /> described property:
<br /> Lot Twelve(12),Block One(1),Axt&Hagge's Addition to the City of Grand Island,Hall County,Nebraska.
<br /> The property is located in Hall at 267 S.Kimball St.
<br /> (County)
<br /> ,Grand Island , Nebraska 68801
<br /> (Address) (City) (Zip Code)
<br /> Together with all rights, easements, appurtenances, royalties, mineral rights, oil and gas rights, crops,
<br /> timber, all diversion payments or third party payments made to crop producers, and all existing and
<br /> future improvements, structures, fixtures, and replacements that may now, or at any time in the future,
<br /> be part of the real estate described above (all referred to as "Property"). The term Property also
<br /> includes, but is not limited to, any and all water wells, water, ditches, reservoirs, reservoir sites and
<br /> dams located on the real estate and all riparian and water rights associated with the Property, however
<br /> established.
<br /> 3. MAXIMUM OBLIGATION LIMIT. The total principal amount of the Secured Debt (hereafter defined)
<br /> secured by this Deed of Trust at any one time shall not exceed $ worn 1+5512405"
<br /> This limitation of amount does not include interest, loan charges, commitment fees, brokerage
<br /> commissions, attorneys' fees and other charges validly made pursuant to this Deed of Trust and does
<br /> not apply to advances (or interest accrued on such advances) made under the terms of this Deed of
<br /> Trust to protect Beneficiary security and to perform any of the covenants contained in this Deed of
<br /> Trust. Future advances are contemplated and, along with other future obligations, are secured by this
<br /> Deed of Trust even though all or part may not yet be advanced. Nothing in this Deed of Trust, however,
<br /> shall constitute a commitment to make additional or future loans or advances in any amount. Any such
<br /> commitment would need to be agreed to in a separate writing.
<br /> 4. SECURED DEBT DEFINED. The term "Secured Debt" includes, but is not limited to, the following:
<br /> A. The promissory note(s), contract(s), guaranty(ies) or other evidence of debt described below and
<br /> all extensions, renewals, modifications or substitutions (Evidence of Debt). (When referencing the
<br /> debts below it is suggested that you include items such as borrowers' names, note amounts,
<br /> interest rates, maturity dates, etc.)
<br /> $55,265 note of even date and all renewals and extensions thereof.
<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 existing now
<br /> or executed after this Deed of Trust whether or not this Deed of Trust is specifically referred to in
<br /> the evidence of debt.
<br /> Agricultural/Commercial Real Estate Security Instrument-NE VMPC595INE1 117011.00
<br /> BankersSystemsTM VMP® AGCO-RESI-NE 1/1/2017
<br /> Wolters Kluwer Financial Services©1993,2011 Page 2 of 13
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