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2®1800610
<br />FEET ON WASHINGTON STREET IN SAID CITY OF GRAND ISLAND, HALL COUNTY,
<br />NEBRASKA.
<br />The property is located in Hall County at 1122 W Division St, Grand Island, Nebraska 68801.
<br />Together with all rights, easements, appurtenances, royalties, mineral rights, oil and gas rights,
<br />all water and riparian rights, ditches, and water stock and all existing and future improvements,
<br />structures, fixtures, and replacements that may now, or at any time in the future, be part of the real
<br />estate described above (all referred to as "Property").
<br />2. Maximum Obligation Limit. The total principal amount secured by this Security Instrument at
<br />any one time shall not exceed $125,000.00. This limitation of amount does not include interest and
<br />other fees and charges validly made pursuant to this Security Instrument. Also, this limitation does not
<br />apply to advances made under the terms of this Security Instrument to protect Beneficiary's security
<br />and to perform any of the covenants contained in this Security Instrument.
<br />3. Secured Debt and Future Advances. The term "Secured Debt" is defined as follows:
<br />(A)Debt incurred under the terms of all promissory note(s), contract(s), guaranty(ies) or other
<br />evidence of debt described below and all their extensions, renewals, modifications or
<br />substitutions.
<br />The promissory note signed by Zachery A Ault and Tara A Himebaugh (the "Borrower") and
<br />dated the same date as this Security Instrument (the "Note"). The Note states that Borrower
<br />owes Lender one hundred twenty five thousand and 00 /100 Dollars (U.S. $125,000.00) plus
<br />interest. Borrower has promised to pay this debt in regular periodic payments and to pay the
<br />debt in full not later than April 1, 2023.
<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 executed
<br />by Trustor in favor of Beneficiary after this Security Instrument whether or not this Security
<br />Instrument is specifically referenced. If more than one person signs this Security Instrument,
<br />each Trustor agrees that this Security Instrument will secure all future advances and future
<br />obligations that are given to or incurred by any one or more Trustor, or any one or more Trustor
<br />and others. All future advances and other future obligations are secured by this Security
<br />Instrument even though all or part may not yet be advanced. All future advances and other
<br />future obligations are secured as if made on the date of this Security Instrument. Nothing in
<br />this Security Instrument shall constitute a commitment to make additional or future loans or
<br />advances in any amount. Any such commitment must be agreed to in a separate writing.
<br />(C)All obligations Trustor owes to Beneficiary, which may later arise, to the extent not prohibited
<br />by law, including, but not limited to, liabilities for overdrafts relating to any deposit account
<br />agreement between Trustor and Beneficiary.
<br />(D)A1l additional sums advanced and expenses incurred by Beneficiary for insuring, preserving
<br />or otherwise protecting the Property and its value and any other sums advanced and expenses
<br />incurred by Beneficiary under the terms of this Security Instrument.
<br />This Security Instrument will not secure any other debt if Beneficiary fails to give any required notice
<br />of the right of rescission.
<br />This Security Instrument will not secure any other debt if Lender fails, with respect to that other debt,
<br />to fulfill any necessary requirements or to conform to any limitations of Regulation Z and X that are
<br />required for loans secured by the Property.
<br />4. Payments. Trustor agrees that all payments under the Secured Debt will be paid when due and in
<br />accordance with the terms of the Secured Debt and this Security Instrument.
<br />5. Warranty of Title. Trustor warrants that Trustor is or will be lawfully seized of the estate
<br />conveyed by this Security Instrument and has the right to irrevocably grant, convey and sell
<br />the Property to Trustee, in trust, with power of sale. Trustor also warrants that the Property is
<br />unencumbered, except for encumbrances of record.
<br />6. Prior Security Interests. With regard to any other mortgage, deed of trust, security agreement
<br />or other lien document that created a prior security interest or encumbrance on the Property, Trustor
<br />agrees:
<br />(A)To make all payments when due and to perform or comply with all covenants.
<br />(B) To promptly deliver to Beneficiary any notices that Trustor receives from the holder.
<br />(C) Not to allow any modification or extension of, nor to request any future advances under any
<br />note or agreement secured by the lien document without Beneficiary's prior written consent.
<br />7. Claims Against Title. Trustor will pay all taxes, assessments, liens, encumbrances, lease
<br />payments, ground rents, utilities, and other charges relating to the Property when due. Beneficiary
<br />Deed Of Trust Closed End-NE
<br />Bankers Systems. VMP® 10/2017
<br />Wolters Kluwer Financial Services ® 2014 17.3.0.1461J20171210N Page 2 of 7
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