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202000132
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Last modified
1/8/2020 11:56:11 AM
Creation date
1/8/2020 11:56:09 AM
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DEEDS
Inst Number
202000132
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202000132 <br />1. DEFINITIONS. For the purposes of this document, the following term has the following <br />meaning. <br />A. Loan. "Loan" refers to this transaction generally, including obligations and duties arising <br />from the terms of all documents prepared or submitted for this transaction. <br />2. CONVEYANCE. For good and valuable consideration, the receipt and sufficiency of which is <br />acknowledged, and to secure the Secured Debts and Grantor's performance under this Security <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 East Half of the East Half of the Northwest Quarter (E1/2 E1/2 NW 1 /4) of Section Three <br />(3), Township Eleven (1 1) North, Range Eleven (1 1) West of the 6th P.M., Hall County, <br />Nebraska. <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 $300,000.00. 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 January 3, <br />2020, from Grantor to Lender, with a loan amount of $300,000.00 and maturing on January <br />3, 2025. <br />B. Future Advances. All future advances from Lender to Grantor under the Specific Debts <br />executed by Grantor 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 Grantor either individually or with others who may not <br />sign this Security Instrument. All future advances are secured by this Security Instrument <br />even though all or part may not yet be advanced. All future advances are secured as if <br />made on the date of this Security Instrument. Nothing in this Security Instrument shall <br />constitute a commitment to make additional or future advances in any amount. Any such <br />commitment must be agreed to in a separate writing. <br />C. Sums Advanced. All sums advanced and expenses incurred by Lender under the terms of <br />this Security Instrument. <br />Randell S Gleason <br />Nebraska Deed Of Trust <br />N E /4 L O R I B O L 1000000000 0 21040 2 8 N <br />Initials <br />Wolters Kluwer Financial Services ®1996, 2020 Bankers Page 2 <br />Systems TM <br />
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