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202102071
<br />The property is located in Hall at 311 Island Drive
<br />(County)
<br />4.gniph>!n , Nebraska 6803.2
<br />(Address) (City) (ZIP Code)
<br />Together with all rights, easements, appurtenances, royalties, mineral rights, oil and gas rights, all water and
<br />riparian rights, ditches, and water stock and all existing and future improvements, structures, fixtures, and
<br />replacements that may now, or at any time in the future, be part of the real estate described above (all referred
<br />to as "Property").
<br />3. MAXIMUM OBLIGATION LIMIT. The total principal amount secured by this Security Instrument at any
<br />one time shall not exceed $ 6.0,1100.00 This limitation of amount does not
<br />include interest and other fees and charges validly made pursuant to this Security Instrument. Also, this
<br />limitation does not apply to advances made under the terms of this Security Instrument to protect
<br />Beneficiary's security and to perform any of the covenants contained in this Security Instrument.
<br />4. 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 evidence of
<br />debt described below and all their extensions, renewals, modifications or substitutions. (You must
<br />specifically identify the debt(s) secured and you should include the final maturity date of such debt(s).)
<br />A Home Equity Line of Credit (HELOC) dated & executed on 3.8.2021 by Brian T. Fay & Tiffany M. Fay,
<br />husband & wife.
<br />B. All future advances from Beneficiary to Trustor or other future obligations of Trustor to Beneficiary
<br />under any promissory note, contract, guaranty, or other evidence of debt executed by Trustor in favor
<br />of Beneficiary after this Security Instrument whether or not this Security Instrument is specifically
<br />referenced. If more than one person signs this Security Instrument, each Trustor agrees that this
<br />Security Instrument will secure all future advances and future obligations that are given to or incurred
<br />by any one or more Trustor, or any one or more Trustor and others. All future advances and other
<br />future obligations are secured by this Security Instrument even though all or part may not yet be
<br />advanced. All future advances and other future obligations are secured as if made on the date of this
<br />Security Instrument. Nothing in this Security Instrument shall constitute a commitment to make
<br />additional or future loans or advances in any amount. Any such conmritment must be agreed to in a
<br />separate writing.
<br />C. All other obligations Trustor owes to Beneficiary, which may later arise, to the extent not prohibited by
<br />law, including, but not limited to, liabilities for overdrafts relating to any deposit account agreement
<br />between Trustor and Beneficiary.
<br />D. All additional sums advanced and expenses incurred by Beneficiary for insuring, preserving or
<br />otherwise protecting the Property and its value and any other sums advanced and expenses incurred by
<br />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 waives
<br />any subsequent security interest in the Trustor's principal dwelling that is created by this Security Instrument.
<br />5. DEED OF TRUST COVENANTS. Trustor agrees that the covenants in this section are material obligations
<br />under the Secured Debt and this Security Instrument. If Trustor breaches any covenant in this section,
<br />Beneficiary may refuse to make additional extensions of credit and reduce the credit limit. By not exercising
<br />either remedy on Trustor's breach, Beneficiary does not waive Beneficiary's right to later consider the event a
<br />breach if it happens again.
<br />Payments. Trustor agrees that all payments under the Secured Debt will be paid when due and in accordance
<br />with the terms of the Secured Debt and this Security Instrument.
<br />Prior Security Interests. With regard to any other mortgage, deed of trust, security agreement or other lien
<br />document that created a prior security interest or encumbrance on the Property, Trustor agrees to make all
<br />payments when due and to perform or comply with all covenants. Trustor also agrees not to allow any
<br />modification or extension of, nor to request any future advances under any note or agreement secured by the
<br />lien document without Beneficiary's prior written approval.
<br />Claims Against Title. Trustor will pay all taxes (including any tax assessed to this Deed of Trust),
<br />assessments, liens, encumbrances, lease payments, ground rents, utilities, and other charges relating to the
<br />Property when due. Beneficiary may require Trustor to provide to Beneficiary copies of all notices that such
<br />amounts are due and the receipts evidencing Trustor's payment. Trustor will defend tide to the Property
<br />against any claims that would impair the lien of this Security Instrument. Trustor agrees to assign to
<br />Beneficiary, as requested by Beneficiary, any rights, claims or defenses Trustor may have against parties who
<br />supply labor or materials to maintain or improve the Property.
<br />Security Instrument -Open -End -Consumer -NE
<br />VMP® Bankers Systemslla
<br />Wolters Kluwer Financial Services 01994, 2011
<br />OCP-REDT-NE 7/2/2011
<br />VMP-C465INE) 111071.00
<br />Pape 2 of6
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