Laserfiche WebLink
202405461 <br />BENEFICIARY (Lender): <br />CENTRAL NATIONAL BANK <br />Organized and existing under the laws of the United States of America <br />11414 W. Center Rd <br />Suite 220 <br />Omaha, NE 68144 <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 />Lot Six (6), Block One (1), Woodland Park Thirteenth Subdivision, in the City of Grand Island, <br />Hall County, Nebraska. <br />The property is located in Hall County at 4122 NEW MEXICO AVE, GRAND ISLAND, Nebraska <br />68803-1056. <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 and all existing and future <br />improvements, structures, fixtures, and replacements that may now, or at any time in the <br />future, be part of the real estate described (all referred to as Property). This Security <br />Instrument will remain in effect until the Secured Debts and all underlying agreements have <br />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 $30,000.00. 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, No. 252030761, <br />dated October 31, 2024, from Grantor to Lender, with a maximum credit limit of <br />$30,000.00 and maturing on October 31, 2034. <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 />LORI A KOCH <br />Nebraska Deed Of Trust <br />K S/4mitc hbe@0000000000347 7058 N <br />Wolters Kluwer Financial Services, Inc.©1996, 2024 <br />Bankers SystemsTM <br />Initials <br />ag 2 <br />