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202001117
<br />THE FOLLOWING DESCRIBED PROPERTY LOCATED IN THE COUNTY OF HALL, STATE
<br />OF NEBRASKA: LOT NINE (9), BLOCK NINE (9), GILBERT'S ADDITION TO THE CITY OF
<br />GRAND ISLAND, HALL COUNTY, NEBRASKA. TAX ID: 400133628.
<br />The property is located in HALL County at 908 W 10TH ST, GRAND ISLAND, Nebraska
<br />68801-4004.
<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
<br />at any one time shall not exceed $39,000.00. 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 credit agreement signed by MICHELLE D NELSON (the "Borrower ") and dated the
<br />same date as this Security Instrument (the "Note"). Under the Note, the Lender agrees, subject
<br />to certain terms, conditions and limitations, to make advances to the Borrower in a principal
<br />amount outstanding not to exceed thirty nine thousand and 00/100 Dollars (U.S. $39,000.00).
<br />Borrower has promised to pay this debt with interest in regular periodic payments and to pay
<br />the debt in full not later than February 10, 2050.
<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 other obligations Trustor owes to Beneficiary, which may later arise, to the extent not
<br />prohibited by law, including, but not limited to, liabilities for overdrafts relating to any deposit
<br />account agreement between Trustor and Beneficiary.
<br />(D)All 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 />In the event that Beneficiary fails to provide any required notice of the right of rescission, Beneficiary
<br />waives any subsequent security interest in Trustor's principal dwelling that is created by this Security
<br />Instrument.
<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. Deed of Trust Covenants. Trustor agrees that the covenants in this section are material
<br />obligations under the Secured Debt and this Security Instrument. If Trustor breaches any covenant in
<br />this section, Beneficiary may refuse to make additional extensions of credit and reduce the credit limit.
<br />By not exercising either remedy on Trustor's breach, Beneficiary does not waive Beneficiary's right to
<br />later consider the event a breach if it happens again.
<br />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 />Deed Of Trust Open End -NE
<br />Bankers Systems TM VMP®
<br />Wolters Kluwer Financial Services C 2014
<br />10,2017
<br />2020012917.1.0.4574-J20171018Y Page 2 of 8
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