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202400015
<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 />Lots Nine (9), Ten (10), Eleven (11) and Twelve (12), Block Ten (10), Original Town of Cairo,
<br />Hall County, Nebraska, and a rectangular piece of land being more particularly describes as:
<br />Beginning at the Southeast corner of Lot Twelve (12), Block Ten (10), Original Town of Cairo,
<br />Hall County, Nebraska, thence running South Three Feet (3'), thence west parallel to the South
<br />line of said Lot Twelve (12), a distance of One Hundred Forty Feet (140'); thence North Three
<br />Feet (3'), thence East along the South line of said Lot Twelve (12) One Hundred Forty Feet
<br />(140') to the point of beginning.
<br />The property is located in Hall County at 320-324 South High Street, Cairo, Nebraska 68824.
<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 $120,000.00. 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 December
<br />29, 2023, from Grantor to Lender, with a loan amount of $63,270.00 and maturing on
<br />January 1, 2029.
<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 />constitute a commitment to make additional or future advances in any amount. Any such
<br />commitment must be agreed to in a separate writing.
<br />C. Sums Advanced. All sums advanced and expenses incurred by Lender under the terms of
<br />this Security Instrument.
<br />Cairo Bowl And Lounge, Inc
<br />Nebraska Deed Of Trust Initials
<br />NE/4WYATTGLE00000000002894037N Wolters Kluwer Financial Services, Inc.®1996, 2023
<br />Bankers Systeme"
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