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202306694
<br />and the trust herein created, irrevocably grants and conveys to Trustee, in trust for the benefit of Lender as
<br />beneficiary, with power of sale, the following described property located in the County of HALL, State of
<br />Nebraska:
<br />Address: 000 MCGUIRE RD S, JACKSON TWP, PT OF NW 1/4 22-9-12, WOOD RIVER, Nebraska
<br />68883
<br />Legal Description: See Exhibit A attached hereto and incorporated herein by reference
<br />TOGETHER WITH all the improvements now or hereafter erected on the property, and all easements,
<br />appurtenances, and fixtures now or hereafter a part of the property. All replacements and additions shall also be
<br />covered by this Security Instrument. All of the foregoing is referred to in this Security Instrument as the
<br />"Property."
<br />BORROWER COVENANTS that Borrower is lawfully seised of the estate hereby conveyed and has the right to
<br />grant and convey the Property and that the Property is unencumbered, except for encumbrances of record.
<br />Borrower warrants and will defend generally the title to the Property against all claims and demands, subject to
<br />any encumbrances of record.
<br />Borrower and Lender covenant and agree as follows:
<br />Secured Indebtedness; Payment of Principal and Interest; Late Charges and Other Loan Charges. This
<br />Security Instrument secures to Lender the repayment of Borrower's Note, Consumer Loan Agreement, Guaranty,
<br />or similar writing executed by Borrower to Lender, more particularly described as:
<br />• Note dated December 15, 2023, in favor of Lender in the principal amount of Three Hundred Seventy
<br />Five Thousand Two Hundred Ninety Seven Dollars and Ninety Seven Cents ($375,297.97) maturing
<br />on January 01, 2054.
<br />and all renewals, extensions, modifications and substitutions thereof. This Security Instrument also secures: all
<br />future advances of funds from Lender to Borrower as evidenced by any promissory note, consumer loan
<br />agreement, or similar writing that may hereafter be executed by Borrower to Lender; all future obligations of
<br />Borrower to Lender; all future obligations of Borrower to Lender that may be evidenced by any contract,
<br />guaranty, or other evidence of debt hereafter executed by Borrower, and if more than one Borrower/Mortgagor
<br />has executed this Security Instrument, any one of them, in favor of Lender; and all additional funds that may be
<br />advanced by Lender to protect Lender's security interest in the property, as provided under paragraph titled
<br />Protection of Lender's Rights in the Property of this Security Instrument. All of the foregoing shall be referred to
<br />as the Secured Indebtedness. Borrower shall promptly pay when due the principal and interest on the Secured
<br />Indebtedness, and any late charges and other loan charges that may become due under the terms of the Secured
<br />Indebtedness.
<br />Applicable Law. As used in this Security Instrument, the term "Applicable Law" shall mean all controlling
<br />applicable federal, state and local statutes, regulations, ordinances and administrative rules and orders (that have
<br />the effect of law) as well as all applicable final, non -appealable judicial opinions.
<br />Application of Payments. Unless Applicable Law provides otherwise, all payments received by Lender shall be
<br />applied: first, to any prepayment charges due under the Secured Indebtedness; second, to interest due; third, to
<br />principal due; and last, to any late charges due under the Secured Indebtedness.
<br />Charges; Liens. Borrower shall pay all taxes, assessments, charges, fines, and impositions attributable to the
<br />Property which may attain priority over this Security Instrument, and leasehold payments or ground rents, if any.
<br />Borrower shall pay these obligations on time and directly to the person owed payment. At the request of Lender,
<br />Borrower shall promptly furnish to Lender receipts evidencing the payments.
<br />Borrower shall promptly discharge any lien which has priority over this Security Instrument unless Borrower: (a)
<br />agrees in writing to the payment of the obligation secured by the lien in a manner acceptable to Lender; (b)
<br />contests in good faith the lien by, or defends against enforcement of the lien in, legal proceedings which in the
<br />Lender's opinion operate to prevent the enforcement of the lien; or (c) secures from the holder of the lien an
<br />agreement satisfactory to Lender subordinating the lien to this Security Instrument. If Lender determines that any
<br />part of the Property is subject to a lien which may attain priority over this Security Instrument, Lender may give
<br />© 2004.2022 Compliance Systems, LLC 192a2ca4"0b18289d - 2022.70.0.3
<br />Consumer Real Estate - Security Instrument DL2036 Page 2 of 8 www.compliancesystems.com
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