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202400425
<br />Uniform Commercial Code: Laws regulating financial contracts in any jurisdiction which may affect the rights
<br />of the Mortgagor, Lender or any other party with respect to the Property described herein.
<br />Trustee: As set forth above.
<br />Trustor: As set forth above.
<br />The above named Trustor for good and valuable consideration, hereby irrevocably transfers, conveys and
<br />assigns to Trustee, IN TRUST, WITH POWER OF SALE, for the benefit and security of the Beneficiary, its
<br />successors and assigns, an assignment and security interest in all of Trustor's right, title and interest whether
<br />currently existing or hereinafter acquired in and to the following -described Real Property in Hall Countv(ies),
<br />Nebraska, to wit:
<br />The Northwest Quarter of the Northeast Quarter (NW1/4 NE1/4) and the East Half of the Northwest Quarter
<br />(E1/2 NW1/4) of Section Thirty -One (31), Township Eleven (11) North, Range Ten (10), West of the 6th P.M.,
<br />Hall County, Nebraska
<br />In addition, Trustor hereby grants to Lender a security interest in all Personal Property, and all proceeds from
<br />any sale or other disposition of the Property. The trust deed is also effective as both a financing statement
<br />filed as a fixture filing under the Uniform Commercial Code and as a security agreement under the Uniform
<br />Commercial Code and Trustor hereby consents to the filing of notices, statements or other documents in
<br />accordance with the Uniform Commercial Code as Lender may determine appropriate.
<br />This trust deed secures all Obligations, including, but not limited to the following:
<br />Date of Note(s) or other Loan Document(s) Principal Amount
<br />01/22/2024 $750,000.00
<br />Provided, however, that the total principal indebtedness outstanding and secured hereby at any one time will
<br />not exceed the sum of SEVEN HUNDRED FIFTY THOUSAND ($750,000.00), exclusive of interest and
<br />protective advances authorized herein or in any Loan Document and such other amounts allowed by law.
<br />NOTHING CONTAINED HEREIN SHALL CONSTITUTE A COMMITMENT TO MAKE FURTHER OR
<br />ADDITIONAL ADVANCES IN ANY AMOUNT AT ANY TIME, WHETHER OR NOT THE TOTAL PRINCIPAL
<br />INDEBTEDNESS ABOVE HAS BEEN ADVANCED.
<br />This trust deed will be due Mav 1, 2050.
<br />Trustor hereby warrants that Trustor holds good and marketable title in fee simple to the above described
<br />Property, that Trustor has good and lawful authority to trust deed the same, that the Property is free and clear
<br />of all liens and encumbrances, except those set forth in a title policy or title opinion purchased by Lender and
<br />deemed acceptable by Lender, in its sole discretion, in relation to this trust deed and that Trustor will warrant
<br />and defend the Property at Trustor's expense against all claimants whomsoever. Trustor also hereby waives
<br />and relinquishes all rights of dower, homestead, distributive share, and exemption in and to the above
<br />described Real Property.
<br />It is understood and agreed between Trustor and Lender that this trust deed is given to secure the repayment
<br />in full of the all Obligations, regardless of whether Trustor is liable thereon, and all future and additional loans
<br />or advances, protective or otherwise, which may be made by Lender, at its option, at the request of, and to
<br />or for the account of Trustor, any of the parties liable under any of the Loan Documents, for any purpose,
<br />plus interest thereon, all payable according to the terms of the Loan Documents. Any Obligations secured by
<br />this trust deed shall be payable when due as set forth in the Loan Documents.
<br />FORM 5011, Trust Deed and Assignment of Rents 276RS Legal Doc. Date: January 22, 2024
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