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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 $111,083.00. 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 December <br />29, 2017, from RJ LAND COMPANY, LLC and CHARLES D. BAUER (Borrower) to Lender, <br />with a loan amount of $ 167,000.00 and maturing on December 29, 2022. <br />B. Future Advances. All future advances from Lender to RJ LAND COMPANY, LLC and <br />CHARLES D. BAUER under the Specific Debts executed by RJ LAND COMPANY, LLC and <br />CHARLES D. BAUER 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 RJ LAND COMPANY, LLC and CHARLES D. BAUER <br />either individually or with others who may not sign this Security Instrument. All future <br />advances are secured by this Security Instrument even though all or part may not yet be <br />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 RJ LAND COMPANY, LLC and CHARLES D. <br />BAUER to Lender, even if this Security Instrument is not specifically referenced, or if the <br />future debt is unrelated to or of a different type than this debt. If more than one person <br />signs this Security Instrument, each agrees that it will secure debts incurred either <br />individually or with others who may not sign this Security Instrument. Nothing in this <br />Security Instrument constitutes a commitment to make additional or future loans or <br />advances. Any such commitment must be in writing. This Security Instrument will not <br />secure any debt for which a non - possessory, non - purchase money security interest is <br />created in "household goods" in connection with a "consumer loan," as those terms are <br />defined . by ; federal law governing unfair and deceptive credit practices. This Security <br />Instrument will not secure any debt for which a security interest is created in "margin stock" <br />and Lender does not obtain a "statement of purpose," as defined and required by federal law <br />governing securities. This Security Instrument will not secure any other debt if Lender, with <br />respect to that other debt, fails to fulfill any necessary requirements or fails to conform to <br />any limitations of the Truth in Lending Act (Regulation Z) or the Real Estate Settlement <br />Procedures Act (Regulation X) that are required for loans 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. 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 Lenderc I f I notices that such amounts are due <br />and the receipts evidencing Grantor's payment. !G n orIwi I d3fend title to the Property against <br />any claims that would impair the lien of this Security Inttrum snt. Grantor agrees to assign to <br />I <br />RJ LAND COMPANY, LLC <br />Nebraska Deed Of Trust <br />NE /4XHERMANN00000000001544050N <br />t '' <br />Wolter kl r Fi andal Services ©1996, 2017 Bankers <br />Sysfe ra <br />La.1 ry <br />201800072 <br />Page 2 <br />