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<br /> �9 106331
<br /> TheProperty is located in . HALL............................................................ at ..............................................
<br /> (County)
<br /> 2510 JAY STREET GRAND ISLAND Nebraska 68803
<br /> ............................................................. .................................................... .......................
<br /> (Address) (City) (ZIP Code)
<br /> i+ .. - , ,; � . ,. :. ; Y,
<br /> Together with all rights, easements, app�}r4enances,l�rc�yalti�,c,��tmneral rights, �oil� and gas rights, all water and riparian
<br /> rights, ditches, and water stock and all existing and future improvements, structures, fixtures, and replacements that may
<br /> now, or at any time in the future,be part of the real estate described above(all referred to as "Property").
<br /> 3. MAI�MUM OBLIGATION LIlVIIT. The total principal amount secured by tlus Security Instrument at any one time shall
<br /> not exce�d $ ..,101951.5 9 ,,,,,,,„.,,,,,,,, . '�s limitation of amount does not include interest and other fees
<br /> .........................
<br /> and charges validly made pursuant to ttus Security Instrument. Also, this limitation does not apply to advances made under
<br /> the terms of this Security Instrument to protect Beneficiary's security and to perform any of the covenants contained in this
<br /> Security Instruabent.
<br /> 4. SECURED DEBT AND F[JTURE ADVANCES. The term "Secured Debt" is defined as follows:
<br /> A.Debt incurred under the terms of all promissory note(s), contract(s), guaranty(s) or other evidence of debt described
<br /> below and all their extensions, renewals, modifications ar substitutions. (When referencing the debts below it is
<br /> suggested that you include items such as borrowers names, note amounts, interest rates, maturity dates, etc.)
<br /> A Universal Note or Manufactured Home Retail
<br /> Install.ment Contract and Security Agreement executed by Buyers/Borrowers.
<br /> The above obligation is due and payable on 360 months from last construction disbursement if not paid earlier.
<br /> B. All future advances from Beneficiary to Trustor or other future obligations of Trustor to Beneficiary under any
<br /> pmmissory note, contract, guaranty, or other evidence of debt executed by Trustor in favor of Beneficiary executed
<br /> after ttris Security Instnunent whether or not ttus Security Instrument is specifically referenced. If more than one
<br /> person signs this Security Instrument, each Trustor agrees that this Secunty Instrument will secure all future
<br /> advances and future obligations that are given to or incurred by any ane or more Trustor, or any one or more Trustor
<br /> and others. All future advances and other future obligations are secured by tlus Security Instnunent even though all
<br /> or part may not yet be advanced. All future advances and other future obligations are secured as if made on the date
<br /> of ttus Secunty Instniment. Nothing in ttus Security Instrument shall constitute a comtnihnent to make additional or
<br /> future loans or advances in any amount. Any such commitment unist be agreed to in a separate writing.
<br /> C. All obligations Trustor owes to Beneficiary, which may later arise, to the extent not prolubited by law, including,
<br /> but not limited to, liabiliries for overdrafts relating to any deposit account agreement between Trustor and
<br /> Beneficiary.
<br /> D.All additional sums advanced and expenses incurred by Beneficiary for insuring, preserving or otherwise protecting
<br /> the Property and its value and any other sums advancerl and expenses incurred by Beneficiary under the terms of tlus
<br /> Security Instrument.
<br /> This Security Instniment will not secure �y other debt if Beneficiary fails to give any required notice of the right of
<br /> rescission.
<br /> 5. PAYMENTS. Trustor agrees that all payments under the Securad Debt will be paid when due and in accordance with the
<br /> terms of the Secure�l Debt and tlus Security Instrument.
<br /> 6. WARRANTY OF TITLE. Trustor warrants that Trustor is or will be lawfully seized of the estate conveyed by this
<br /> Security Instrument and has the right to inevocably grant, canvey, and sell the Property to Trustee, in trust, with power of
<br /> sale. Trustor also warrants that the Property is unencumbered, except for encumbrances of record.
<br /> 7. PRIOR SECURITY INTERESTS. With regard to any other mortgage, deed of trust, security agreement or other lien
<br /> document that created a prior security interest or encumbrance on the Praperty, Trustor agrees:
<br /> A.To make all payments when due and to perform or comply with all covenants.
<br /> B. To promptly deliver to Beneficiary any notices that Trustor receives from the holder.
<br /> C. Not to allow any modification or extension of, nor to request any future advances under any note or agreement
<br /> secured by the lien document without Beneficiary's prior written consent. G o90 111/97) Ipaqe 2 of 6I
<br /> OO 1994 Bankers Systems,Inc.,St.Cloud,MN form GTH-MTGLAZNE 1/B/86 �!�� G�f�Z�
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