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202100308
<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 FIFTEEN (15), BLOCK ONE (1), FAIRWAY CROSSINGS AT INDIANHEAD GOLF CLUB
<br />FIRST SUBDIVISION, IN THE CITY OF GRAND ISLAND, HALL COUNTY, NEBRASKA
<br />The property is located in Hall County at 3137 St. Andrews Cir, Grand Island, Nebraska 68802.
<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 at
<br />any one time shall not exceed $320,000.00. 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 Gene A Uden (the "Borrower") and dated the same date as this
<br />Security Instrument (the "Note"). The Note states that Borrower owes Lender Three hundred
<br />twenty thousand and 00/100 Dollars (U.S. $320,000.00) plus interest. Borrower has promised
<br />to pay this debt in regular periodic payments and to pay the debt in full not later than April 1,
<br />2026.
<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 />© 2020 Wolters Kluwer Financial Services, Inc.
<br />All rights reserved.
<br />09/2020
<br />20.3.0.3249-J20201008Y Page 2 of 8
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