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SEE EXHIBIT "A"
<br />201803567
<br />Instrument, Grantor does hereby irrevocably grant, convey and sell to Trustee, in trust for the
<br />benefit of Lender, with power of sale, the following described property:
<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 $320,000.00. 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 June 1,
<br />2018, from MICHAEL S. JONES and JERED S. JONES (Borrower) to Lender, with a loan
<br />amount of $318,000.00 and maturing on September 1, 2018.
<br />B. Future Advances. All future advances from Lender to MICHAEL S. JONES and JERED S.
<br />JONES under the Specific Debts executed by MICHAEL S. JONES and JERED S. JONES in
<br />favor of Lender after this Security Instrument. If more than one person signs this Security
<br />Instrument, each agrees that this Security Instrument will secure all future advances that are
<br />given to MICHAEL S. JONES and JERED S. JONES either individually or with others who
<br />may not sign this Security Instrument. All future advances are secured by this Security
<br />Instrument even though all or part may not yet be advanced. All future advances are
<br />secured as if made on the date of this Security Instrument. Nothing in this Security
<br />Instrument shall constitute a commitment to make additional or future advances in any
<br />amount. Any such commitment must be agreed to in a separate writing.
<br />C. All Debts. All present and future debts from MICHAEL S. JONES and JERED S. JONES
<br />to Lender, even if this Security Instrument is not specifically referenced, or if the future debt
<br />is unrelated to or of a different type than this debt. If more than one person signs this
<br />Security Instrument, each agrees that it will secure debts incurred either individually or with
<br />others who may not sign this Security Instrument. Nothing in this Security Instrument
<br />constitutes a commitment to make additional or future loans or advances. Any such
<br />commitment must be in writing. This Security Instrument will not secure any debt for which
<br />a non - possessory, non - purchase money security interest is created in "household goods" in
<br />connection with a "consumer loan," as those terms are defined by federal law governing
<br />unfair and deceptive credit practices. This Security Instrument will not secure any debt for
<br />which a security interest is created in "margin stock" and Lender does not obtain a
<br />"statement of purpose," as defined and required by federal law governing securities. This
<br />Security Instrument will not secure any other debt if Lender, with respect to that other debt,
<br />fails to fulfill any necessary requirements or fails to conform to any limitations of the Truth in
<br />Lending Act (Regulation Z) or the Real Estate Settlement Procedures Act (Regulation X) that
<br />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. 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 />or rent of the Property. However, the Non - Obligated Grantor is not personally liable for the
<br />MICHAEL S. JONES
<br />Nebraska Deed Of Trust
<br />NE /4XHERMANN00000000001544014N Wolters Kluwer Financial Services ©1996, 2018 Bankers Page 2
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