202401225 - Laserfiche WebLink

Browse

202401225 MNB Bank Organized and existing under the laws of Nebraska 220 Norris Avenue PO Box 1208 McCook, NE 69001-1208 1. Conveyance. For good and valuable consideration, the receipt and sufficiency of which is acknowledged, and to secure the Secured Debt (defined below) and Trustor's performance under this Security Instrument, Trustor irrevocably grants, conveys and sells to Trustee, in trust for the benefit of Beneficiary, with power of sale, the following described property: Lot Twelve (12), Block Four (4), Brentwood Subdivision in the City of Grand Island, Hall County, Nebraska. The property is located in Hall County at 3023 Brentwood Pl, Grand Island, Nebraska 68801-7222. Together with all rights, easements, appurtenances, royalties, mineral rights, oil and gas rights, all water and riparian rights, ditches, and water stock and all existing and future improvements, structures, fixtures, and replacements that may now, or at any time in the future, be part of the real estate described above (all referred to as "Property"). 2. Maximum Obligation Limit. The total principal amount secured by this Security Instrument at any one time shall not exceed $295,000.00. This limitation of amount does not include interest and other fees and charges validly made pursuant to this Security Instrument. Also, this limitation does not apply to advances made under the terms of this Security Instrument to protect Beneficiary's security and to perform any of the covenants contained in this Security Instrument. 3. Secured Debt. The term "Secured Debt" is defined as follows: (A)Debt incurred under the terms of all promissory note(s), contract(s), guaranty(ies) or other evidence of debt described below and all their extensions, renewals, refinancings, modifications or substitutions. The promissory note signed by Marilynn O'Neil (the "Borrower") and dated the same date as this Security Instrument (the "Note"). The Note states that Borrower owes Lender Two hundred ninety five thousand and 00/100 Dollars (U.S. $295,000.00) plus interest. Borrower has promised to pay this debt in regular periodic payments and to pay the debt in full not later than January 1, 2025. (B)All future advances from Beneficiary to Trustor under the Specific Debts executed by Trustor in favor of Beneficiary after this Security Instrument. If more than one person signs this Security Instrument, each agrees that this Security Instrument will secure all future advances that are given to Trustor either individually or with others who may not sign this Security Instrument. All future advances are secured by this Security Instrument even though all or part may not yet be advanced. All future advances are secured as if made on the date of this Security Instrument. Nothing in this Security Instrument shall constitute a commitment to make additional or future advances in any amount. Any such commitment must be agreed to in a separate writing. (C) All present and future debts from Beneficiary to Trustor, even if this Security Instrument is not specifically referenced, or if the future debt is unrelated to or of a different type than this debt. If more than one person signs this Security Instrument, each agrees that it will secure debts VO1.1.1.30414 Deed Of Trust Closed End -NE 2023 Wolters Kluwer Financial Services, Inc. 10/2023 All rights reserved. 24.1.0.5467-J20231222N Page 2 of 9