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202.400457
<br />BENEFICIARY (Lender):
<br />WESTERN NATIONAL BANK
<br />Organized and existing under the laws of the United States of America
<br />415 South High Street
<br />PO Box 485
<br />Cairo, NE 68824
<br />1. DEFINITIONS. For the purposes of this document, the following term has the following
<br />meaning.
<br />A. Line of Credit. "Line of Credit" refers to this transaction generally, including obligations
<br />and duties arising from the terms of all documents prepared or submitted for this
<br />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 />The North Half of the Southeast Quarter (N1/2 SE1/4) of Section Thirty Three (33), Township
<br />Twelve (12) North, Range Eleven (11), West of the 6th P.M., in Hall County, Nebraska.
<br />The property is located in Hall County, Nebraska .
<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 $633,440.00. 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 January 25,
<br />2024, from Grantor to Lender, with a maximum credit limit of $1,500,000.00 and maturing
<br />on January 24, 2025.
<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 />Rodney R Rathman & Sons Inc //•y,CCJJ
<br />Nebraska Deed Of Trust Initials
<br />NE/4WYATTGL.E00000000002894050N Wolters Kluwer Financial Services, Inc.©1996, 2024 Page 2
<br />Bankers Systemse"'
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