|
202503220
<br />2. Conveyance. For good and valuable consideration, the receipt and sufficiency of which is acknowledged,
<br />and to secure the Secured Debt (hereafter defined), Trustor irrevocably grants, conveys and sells to
<br />Trustee, in trust for the benefit of the Beneficiary, with power of sale, the following described property:
<br />LOT NINE (9), BLOCK ONE (1), PONDEROSA LAKE ESTATES SUBDIVISION, IN THE CITY OF GRAND ISLAND, HALL COUNTY,
<br />NEBRASKA
<br />The property is located in HALL
<br />51 PONDEROSA DR
<br />GRAND ISLAND
<br />at
<br />(County)
<br />(Address)
<br />, Nebraska 68803
<br />(City) (Zip Code)
<br />Together with all rights, easements, appurtenances, royalties, mineral rights, oil and gas rights, crops,
<br />timber, all diversion payments or third party payments made to crop producers, and all existing and
<br />future improvements, structures, fixtures, and replacements that may now, or at any time in the future,
<br />be part of the real estate described above (all referred to as "Property"). The term Property also includes,
<br />but is not limited to, any and all water wells, water, ditches, reservoirs, reservoir sites and dams located
<br />on the real estate and all riparian and water rights associated with the Property, however established.
<br />3. Maximum Obligation Limit. The total principal amount of the Secured Debt (hereafter defined)
<br />secured by this Deed of Trust at any one time shall not exceed $ 500,000.00
<br />This limitation of amount does not include interest, loan charges, commitment fees, brokerage
<br />commissions, attorneys' fees and other charges validly made pursuant to this Deed of Trust and does
<br />not apply to advances (or interest accrued on such advances) made under the terms of this Deed of
<br />Trust to protect Beneficiary security and to perform any of the covenants contained in this Deed of
<br />Trust. Future advances are contemplated and, along with other future obligations, are secured by this
<br />Deed of Trust even though all or part may not yet be advanced. Nothing in this Deed of Trust, however,
<br />shall constitute a commitment to make additional or future loans or advances in any amount. Any such
<br />commitment would need to be agreed to in a separate writing.
<br />4. Secured Debt Defined. The term "Secured Debt" includes, but is not limited to, the following:
<br />A. The promissory notels), contract(s), guaranty(ies) or other evidence of debt described below and
<br />all extensions, renewals, modifications or substitutions (Evidence of Debt). (When referencing the
<br />debts below it is suggested that you include items such as borrowers' names, note amounts,
<br />interest rates, maturity dates, etc.)
<br />ALL DEBT TO ROBERT H. BAILEY ANDIOR LISA A. BAILEY
<br />Agricultural/Commercial Real Estate Security Instrument -NE
<br />© 2024 Wolters Kluwer Financial Services, Inc.
<br />All rights reserved.
<br />AGCO-RESI-NE 5/1/2024
<br />12405).00
<br />Page 2 of 13
<br />
|