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202109825
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Last modified
11/22/2021 9:37:00 AM
Creation date
11/19/2021 9:51:15 AM
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DEEDS
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202109825
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202109825 <br />BENEFICIARY (Lender): <br />BOELUS STATE BANK <br />Organized and existing under the laws of Nebraska <br />523 DELAWARE STREET <br />PO BOX B <br />BOELUS, NE 68820 <br />1. DEFINITIONS. For the purposes of this document, the following term has the following <br />meaning. <br />A. Loan. "Loan" refers to this transaction generally, including obligations and duties arising <br />from the terms of all documents prepared or submitted for this transaction. <br />2. CONVEYANCE. For good and valuable consideration, the receipt and sufficiency of which is <br />acknowledged, and to secure the Secured Debts and Grantor's performance under this Security <br />Instrument, Grantor does hereby irrevocably grant, convey and sell to Trustee, in trust for the <br />benefit of Lender, with power of sale, the following described property: <br />THE WEST SEVENTY-SIX (76) FEET OF LOT FOUR (4) IN BLOCK ONE (1), IN CLAUSSEN <br />COUNTRY VIEW ADDITION TO THE CITY OF GRAND ISLAND, HALL COUNTY, NEBRASKA. <br />The property is located in Hall County at , , Nebraska . <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 $36,000.00. 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 November <br />15, 2021, from Grantor to Lender, with a loan amount of $36,000.00 and maturing on <br />November 15, 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 />JAY L. HEHNKE <br />Nebraska Deed Of Trust <br />NE/4XXXXRUSS00000000002647050N Wolters Kluwer Financial Services C'1996, 2021 Bankers Page 2 <br />SystemsTM <br />
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