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202506982
<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 $950,000.00. 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. The term "Secured Debts" includes and this Security Instrument will
<br />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 December
<br />11, 2025, from HARLAN HOLDINGS, LLC and JEFFREY L HORNUNG (Borrower) to Lender,
<br />with a loan amount of $202,257.26 and maturing on February 15, 2026.
<br />B. All Debts. All present and future debts from HARLAN HOLDINGS, LLC and JEFFREY L
<br />HORNUNG to Lender, even if this Security Instrument is not specifically referenced, or if the
<br />future debt is unrelated to or of a different type than this debt. If more than one person
<br />signs this Security Instrument, each agrees that it will secure debts incurred either
<br />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
<br />advances. Any such commitment must be in writing.
<br />C. Sums Advanced. All sums advanced and expenses incurred by Lender under the terms of
<br />this Security Instrument.
<br />5. PAYMENTS. Grantor agrees that all payments under the Secured Debts will be paid when
<br />due and in accordance with the terms of the Secured Debts and this Security Instrument.
<br />6. WARRANTY OF TITLE. Grantor warrants that Grantor is or will be lawfully seized of the
<br />estate conveyed by this Security Instrument and has the right to irrevocably grant, convey and
<br />sell the Property to Trustee, in trust, with power of sale. Grantor also warrants that the
<br />Property is unencumbered, except for encumbrances of record.
<br />7. PRIOR SECURITY INTERESTS. With regard to any other mortgage, deed of trust, security
<br />agreement or other lien document that created a prior security interest or encumbrance on the
<br />Property, Grantor agrees:
<br />A. To make all payments when due and to perform or comply with all covenants.
<br />B. To promptly deliver to Lender any notices that Grantor receives from the holder.
<br />C. Not to allow any modification or extension of, nor to request any future advances under
<br />any note or agreement secured by the lien document without Lender's prior written consent.
<br />8. CLAIMS AGAINST TITLE. Grantor will pay all taxes, assessments, liens, encumbrances,
<br />lease payments, ground rents, utilities, and other charges relating to the Property when due.
<br />Lender may require Grantor to provide to Lender copies of all notices that such amounts are due
<br />and the receipts evidencing Grantor's payment. Grantor will defend title to the Property against
<br />any claims that would impair the lien of this Security Instrument. Grantor agrees to assign to
<br />Lender, as requested by Lender, any rights, claims or defenses Grantor may have against
<br />parties who supply labor or materials to maintain or improve the Property.
<br />9. DUE ON SALE OR ENCUMBRANCE. Lender may, at its option, declare the entire balance of
<br />the Secured Debt to be immediately due and payable upon the creation of, or contract for the
<br />creation of, any lien, encumbrance, transfer or sale of all or any part of the Property. This right
<br />is subject to the restrictions imposed by federal law, as applicable.
<br />10. TRANSFER OF AN INTEREST IN THE GRANTOR. If Grantor is an entity other than a natural
<br />person (such as a corporation, partnership, limited liability company or other organization),
<br />Lender may demand immediate payment if:
<br />A. A beneficial interest in Grantor is sold or transferred.
<br />B. There is a change in either the identity or number of members of a partnership or similar
<br />entity.
<br />C. There is a change in ownership of more than 25 percent of the voting stock of a
<br />corporation, partnership, limited liability company or similar entity.
<br />However, Lender may not demand payment in the above situations if it is prohibited by law as
<br />of the date of this Security Instrument.
<br />11. WARRANTIES AND REPRESENTATIONS. Grantor makes to Lender the following
<br />warranties and representations which will continue as long as this Security Instrument is in
<br />effect:
<br />A. Power. Grantor is duly organized, and validly existing and in good standing in all
<br />jurisdictions in which Grantor operates. Grantor has the power and authority to enter into
<br />HARLAN HOLDINGS, LLC
<br />Nebraska Deed Of Trust
<br />NE/4KBADBERG00000000003701053N
<br />Wolters Kluwer Financial Services, Inc.®1996, 2025 Page 2
<br />Bankers Systems TM
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