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201805687
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12/9/2019 6:09:31 PM
Creation date
8/30/2018 11:28:11 AM
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DEEDS
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201805687
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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 $200,000.00. 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 Jeffrey H Weavers and Tricia Weavers a/k/a Triscia Weavers <br />(the "Borrower ") and dated the same date as this Security Instrument (the "Note"). The <br />Note states that Borrower owes Lender one hundred fifty thousand and 00 /100 Dollars <br />(U.S. $150,000.00) plus interest. Borrower has promised to pay this debt in regular periodic <br />payments and to pay the debt in full not later than August 23, 2019. <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)A11 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 />may require Trustor to provide to Beneficiary copies of all notices that such amounts are due and the <br />receipts evidencing Trustor's payment. Trustor will defend title to the Property against any claims that <br />would impair the lien of this Security Instrument. Trustor agrees to assign to Beneficiary, as requested <br />by Beneficiary, any rights, claims or defenses Trustor may have against parties who supply labor or <br />materials to maintain or improve the Property. <br />Deed Of Trust Closed End-NE <br />Bankers Systems"' VMP® 07/2018 <br />Wolters Kluwer Financial Services 02014 18.20.1920J20180711 N Page 2 of 7 <br />20180568'7 <br />
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