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202405548
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Last modified
11/4/2024 11:18:51 AM
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11/4/2024 11:18:50 AM
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202405548
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202405548 <br />MNB Bank <br />Organized and existing under the laws of Nebraska <br />800 N Burlington <br />PO Box 2088 <br />Hastings, NE 68902-2088 <br />1. Conveyance. For good and valuable consideration, the receipt and sufficiency of which is <br />acknowledged, and to secure the Secured Debt (defined below) and Trustor's performance under this <br />Security Instrument, Trustor irrevocably grants, conveys and sells to Trustee, in trust for the benefit of <br />Beneficiary, with power of sale, the following described property: <br />THE NORTHERLY FIFTY-SEVEN AND EIGHT TENTHS (57.8) FEET OF THE EASTERLY NINE <br />AND SIX TENTHS (9.6) FEET OF LOT NINE (9) AND THE NORTHERLY FIFTY-SEVEN AND <br />EIGHT TENTHS (57.8) FEET OF LOT TEN (10), BLOCK FIVE (5), ROLLINS ADDITION TO <br />THE CITY OF GRAND ISLAND, HALL COUNTY, NEBRASKA. <br />The property is located in NE County at 608 N Eddy St, Grand Island, Nebraska 68801. <br />Together with all rights, easements, appurtenances, royalties, mineral rights, oil and gas rights, <br />all water and riparian rights, ditches, and water stock and all existing and future improvements, <br />structures, fixtures, and replacements that may now, or at any time in the future, be part of the real <br />estate described above (all referred to as "Property"). <br />2. Maximum Obligation Limit. The total principal amount secured by this Security Instrument <br />at any one time shall not exceed $75,000.00. This limitation of amount does not include interest and <br />other fees and charges validly made pursuant to this Security Instrument. Also, this limitation does not <br />apply to advances made under the terms of this Security Instrument to protect Beneficiary's security <br />and to perform any of the covenants contained in this Security Instrument. <br />3. Secured Debt. The term "Secured Debt" is defined as follows: <br />(A) Debt incurred under the terms of all promissory note(s), contract(s), guaranty(ies) or other <br />evidence of debt described below and all their extensions, renewals, refinancings, modifications or <br />substitutions. <br />The promissory note signed by Annette Thompson; Garry L Thompson, Sr and Rosie L Thompson <br />(the "Borrower") and dated the same date as this Security Instrument (the "Note"). The Note <br />states that Borrower owes Lender Twenty seven thousand and 00/100 Dollars (U.S. $27,000.00) <br />plus interest. Borrower has promised to pay this debt in regular periodic payments and to pay the <br />debt in full not later than November 1, 2034. <br />(B) All present and future debts from Beneficiary to Trustor, even if this Security Instrument is not <br />specifically referenced, or if the future debt is unrelated to or of a different type than this debt. If <br />more than one person signs this Security Instrument, each agrees that it will secure debts incurred <br />either individually or with others who may not sign this Security Instrument. Nothing in this <br />Security Instrument constitutes a commitment to make additional or future loans or advances. Any <br />such commitment must be in writing. <br />(C) All additional sums advanced and expenses incurred by Beneficiary for insuring, preserving <br />or otherwise protecting the Property and its value and any other sums advanced and expenses <br />incurred by Beneficiary under the terms of this Security Instrument. <br />Deed Of Trust Closed End -NE <br />© 2023 Wolters Kluwer Financial Services, Inc. 07/2024 <br />All rights reserved. 24.3.0.5958-J20240907N Page 2 of 10 <br />
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