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20200335''7
<br />Quarter (E 1 /2NW 1 /4NE 1 /4) of Section Thirteen (13), Township Nine (9) North, Range Eleven
<br />(1 1) West of the 6th P.M., Hall County, Nebraska, Excepting a tract of land more particularly
<br />described in Warranty Deed recorded in Book 47, Page 202.
<br />PARCEL 4: The Northeast Quarter of the Northeast Quarter (NE1/4NE1/41of Section Thirteen
<br />(13), Township Nine (9) North, Range Eleven (1 1) West of the 6th P.M., Hall County, Nebraska,
<br />Excepting a tract of land more particularly described in Warranty Deed recorded in Book 47,
<br />Page 202 and Excepting a tract of land more particularly described in Quit Claim Deed recorded
<br />in Book 146, Page 622
<br />TRACT 2: SEE EXHIBIT "A"
<br />The property is located in Hall County at RURAL, GRAND ISLAND, Nebraska 68803.
<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
<br />be 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 $2,000,000.00. Any
<br />limitation of amount does not include interest and other fees and charges validly made pursuant
<br />to this Security Instrument. Also, this limitation does not apply to advances made under the
<br />terms of this Security Instrument to protect Lender's security and to perform any of the
<br />covenants 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 May 22,
<br />2020, from Grantor to Lender, with a loan amount of $975,000.00 and maturing on May 1,
<br />2023.
<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. All Debts. All present and future debts from Grantor to Lender, even if this Security
<br />Instrument is not specifically referenced, or if the future debt is unrelated to or of a different
<br />type than this debt. If more than one person signs this Security Instrument, each agrees
<br />that it will secure debts incurred either individually or with others who may not sign this
<br />Security Instrument. Nothing in this Security Instrument constitutes a commitment to make
<br />additional or future loans or advances. Any such commitment must be in writing. This
<br />Security Instrument will not secure any debt for which a non -possessory, non -purchase
<br />money security interest is created in "household goods" in connection with a "consumer
<br />loan," as those terms are defined by federal law governing unfair and deceptive credit
<br />practices. This Security Instrument will not secure any debt for which a security interest is
<br />created in "margin stock" and Lender does not obtain a "statement of purpose," as defined
<br />and required by federal law governing securities. This Security Instrument will not secure
<br />any other debt if Lender, with respect to that other debt, fails to fulfill any necessary
<br />requirements or fails to conform to any limitations of the Truth in Lending Act (Regulation Z)
<br />or the Real Estate Settlement Procedures Act (Regulation X) that are required for loans
<br />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. WARRANTY OF TITLE. Grantor warrants that Grantor is or will be lawfully seized of the
<br />estate conveyed by this Security Instrument and has the right to irrevocably grant, convey and
<br />PLATTE RIVER WHOOPING CRANE MAINTENANCE TRUST, INC.
<br />Nebraska Deed Of Trust
<br />NE/4XXSPIEHS00000000002104019N Wolters Kluwer Financial Services °1996, 2020 Bankers Page 2
<br />Systeme"
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