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202304130
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8/14/2023 11:05:20 AM
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8/14/2023 11:05:02 AM
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202304130
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• <br />202604/30 <br />MNB Bank <br />Organized and existing under the laws of Nebraska <br />800 N Burlington <br />PO Box 2088 <br />Hastings, NE 68902-2088 <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 />A TRACT OF LAND COMPRISING A PART OF THE SOUTHWEST QUARTER OF THE <br />NORTHWEST QUARTER (SW1/4NW1/4) OF SECTION NINETEEN (19), TOWNSHIP TEN (10) <br />NORTH, RANGE TEN (10) WEST OF THE 6TH P.M., HALL COUNTY, NEBRASKA MORE <br />PARTICULARLY DESCRIBED IN DEED OF DISTRIBUTION RECORDED AS DOCUMENT NO. <br />200203425. <br />The property is located in HALL County at 7425 S 80TH RD, ALDA, Nebraska 68810. <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 $100,000.00. 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. 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 <br />other evidence of debt described below and all their extensions, renewals, refinancings, <br />modifications or substitutions. <br />The promissory note signed by ADAM C VALENCIA (the "Borrower") and dated the same <br />date as this Security Instrument (the "Note"). The Note states that Borrower owes Lender <br />Twenty five thousand and 00/100 Dollars (U.S. $25,000.00) plus interest. Borrower has <br />promised to pay this debt in regular periodic payments and to pay the debt in full not later than <br />September 11, 2030. <br />(B) All present and future debts from Beneficiary to Trustor, even if this Security Instrument is not <br />specifically referenced, or if the future debt is unrelated to or of a different type than this debt. <br />If more than one person signs this Security Instrument, each agrees that it will secure debts <br />incurred either individually or with others who may not sign this Security Instrument. Nothing <br />in this Security Instrument constitutes a commitment to make additional or future loans or <br />advances. Any such commitment must be in writing. <br />(C) All additional sums advanced and expenses incurred by Beneficiary for insuring, preserving <br />or otherwise protecting the Property and its value and any other sums advanced and expenses <br />incurred by Beneficiary under the terms of this Security Instrument. <br />Deed Of Trust Closed End -NE <br />© 2023 Wolters Kluwer Financial Services, Inc. <br />All rights reserved. <br />23.3.0.5071-J20230613V <br />06/2023 <br />Page 2of9 <br />
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