Laserfiche WebLink
202400015 <br />5. LIMITATIONS ON CROSS -COLLATERALIZATION. The cross -collateralization clause on any <br />existing or future loan, but not including this Loan, is void and ineffective as to this Loan, <br />including any extension or refinancing. <br />The Loan is not secured by a previously executed security instrument if a non -possessory, non - <br />purchase money security interest is created in "household goods" in connection with a <br />"consumer loan," as those terms are defined by federal law governing unfair and deceptive <br />credit practices. The Loan is not secured by a previously executed security instrument if Lender <br />fails to fulfill any necessary requirements or fails to conform to any limitations of the Real <br />Estate Settlement Procedures Act, (Regulation X), that are required for loans secured by the <br />Property or if, as a result, the other debt would become subject to Section 670 of the John <br />Warner National Defense Authorization Act for Fiscal Year 2007. <br />The Loan is not secured by a previously executed security instrument if Lender fails to fulfill any <br />necessary requirements or fails to conform to any limitations of the Truth in Lending Act, <br />(Regulation Z►, that are required for loans secured by the Property. <br />6. PAYMENTS. Grantor agrees that all payments under the Secured Debts will be paid when <br />due and in accordance with the terms of the Secured Debts and this Security Instrument. <br />7. WARRANTY OF TITLE. Grantor warrants that Grantor is or will be lawfully seized of the <br />estate conveyed by this Security Instrument and has the right to irrevocably grant, convey and <br />sell the Property to Trustee, in trust, with power of sale. Grantor also warrants that the <br />Property is unencumbered, except for encumbrances of record. <br />8. PRIOR SECURITY INTERESTS. With regard to any other mortgage, deed of trust, security <br />agreement or other lien document that created a prior security interest or encumbrance on the <br />Property, Grantor agrees: <br />A. To make all payments when due and to perform or comply with all covenants. <br />B. To promptly deliver to Lender any notices that Grantor receives from the holder. <br />C. Not to allow any modification or extension of, nor to request any future advances under <br />any note or agreement secured by the lien document without Lender's prior written consent. <br />9. CLAIMS AGAINST TITLE. Grantor will pay all taxes, assessments, liens, encumbrances, <br />lease payments, ground rents, utilities, and other charges relating to the Property when due. <br />Lender may require Grantor to provide to Lender copies of all notices that such amounts are due <br />and the receipts evidencing Grantor's payment. Grantor will defend title to the Property against <br />any claims that would impair the lien of this Security instrument. Grantor agrees to assign to <br />Lender, as requested by Lender, any rights, claims or defenses Grantor may have against <br />parties who supply labor or materials to maintain or improve the Property. <br />10. DUE ON SALE OR ENCUMBRANCE. Lender may, at its option, declare the entire balance of <br />the Secured Debt to be immediately due and payable upon the creation of, or contract for the <br />creation of, any lien, encumbrance, transfer or sale of all or any part of the Property. This right <br />is subject to the restrictions imposed by federal law, as applicable. <br />11. WARRANTIES AND REPRESENTATIONS. Grantor makes to Lender the following <br />warranties and representations which will continue as long as this Security Instrument is in <br />effect: <br />A. Power. Grantor is duly organized, and validly existing and in good standing in all <br />jurisdictions in which Grantor operates. Grantor has the power and authority to enter into <br />this transaction and to carry on Grantor's business or activity as it is now being conducted <br />and, as applicable, is qualified to do so in each jurisdiction in which Grantor operates. <br />Cairo Bowl And Lounge, Inc <br />Nebraska Deed Of Trust <br />NE/4 W Y ATT G LE00000000002894037N <br />Initials.'T,l/� <br />Wolters Kluwer Financial Services, Inc.©1996, 2023 Page 3 <br />Bankers Systemst" <br />