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202007906
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Last modified
10/16/2020 9:38:27 AM
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10/16/2020 9:38:25 AM
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DEEDS
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202007906
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20200790E <br />Heritage Bank <br />800 W Third Street <br />PO Box 349 <br />Hastings, NE 68902 <br />1. Conveyance. For good and valuable consideration, the receipt and sufficiency of which is <br />acknowledged, and to secure the Secured Debt (defined below) and Trustor's performance under this <br />Security Instrument, Trustor irrevocably grants, conveys and sells to Trustee, in trust for the benefit of <br />Beneficiary, with power of sale, the following described property: <br />LOT ONE (1), RIVERVIEW RIDGE SUBDIVISION, HALL COUNTY, NEBRASKA. <br />The property is located in Hall County at 12725 S Alda Rd, Doniphan, Nebraska 68832. <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 $85,000.00. 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 Kevin J Rainforth and Lori G Rainforth (the "Borrower") and <br />dated the same date as this Security Instrument (the "Note"). The Note states that Borrower <br />owes Lender Eighty five thousand and 00/100 Dollars (U.S. $85,000.00) plus interest. <br />Borrower has promised to pay this debt in regular periodic payments and to pay the debt in full <br />not later than January 1, 2025. <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 />Deed Of Trust Closed End -NE <br />® 2018 Wolters Kluwer Financial Services, Inc. 08/2020 <br />All rights reserved. 20.2.0.3206-J20200814Y Page 2 of 9 <br />
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