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202/00224 <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 $100,000.00. 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 December <br />30, 2020, from Grantor to Lender, with a maximum credit limit of $60,000.00 and maturing <br />on December 30, 2021. <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 />sell the Property to Trustee, in trust, with power of sale. Grantor also warrants that the <br />Property is unencumbered, except for encumbrances of record. <br />7. PRIOR SECURITY INTERESTS. With regard to any other mortgage, deed of trust, security <br />agreement or other lien document that created a prior security interest or encumbrance on the <br />Property, Grantor agrees: <br />A. To make all payments when due and to perform or comply with all covenants. <br />B. To promptly deliver to Lender any notices that Grantor receives from the holder. <br />C. Not to allow any modification or extension of, nor to request any future advances under <br />any note or agreement secured by the lien document without Lender's prior written consent. <br />8. CLAIMS AGAINST TITLE. Grantor will pay all taxes, assessments, liens, encumbrances, <br />lease payments, ground rents, utilities, and other charges relating to the Property when due. <br />Lender may require Grantor to provide to Lender copies of all notices that such amounts are due <br />and the receipts evidencing Grantor's payment. (r4ntbr ,viIl defend title to the Property against <br />any claims that would impair the lien of this Sec}irity ngtrument. Grantor agrees to assign to <br />RODNEY E. PETERSON <br />Nebraska Deed Of Trust <br />NE/4X WOOLERY00000000002375023N <br />Wolters Kluwei Financial Services ®1996, 2020 Bankers <br />Systems*" <br />Page 2 <br />