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<br /> ThePrapeRy is located in . H�'?.L............................................................ at ..............................................
<br /> (County)
<br /> 204. NORTH CHEROKEE AVENUE GRAND ISLAND ......................... Nebraska ....68803............
<br /> . . . . .. . ....................... . ....... .,
<br /> (Address) (City) (ZIP Code)
<br /> Together with all rights, easements, appurtenances, royalties, mineral rights, oil and gas rights, all water and ripari�
<br /> rights, ditches, and water stock and all existing and future improvements, structures, fixtures, and replacements that may
<br /> now,or at any kime in the future,be part of the real estate describad above(all referned to as "Property").
<br /> 3. MAI�IMUM OBLIGATION LIlVIIT. The total principal amount secured by this Security Instrun�ent at any one time shall
<br /> not exceed $ .....?1687.34,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,, , �s limitation of amount does not include interest and other fees
<br /> .........
<br /> aad charges validly made pursuant to this Security Instniment. Also, this limitation does not apply to advances made under
<br /> the terms of this Security Instnu�nt to protect Beneficiary's security and to perform any of the covenants contained in this
<br /> Security Instruwent.
<br /> 4. SECURED DEBT AND FUTURE ADVANCES. The term "Secure� 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, nioclifications or substitutians. (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�nt 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 /> promissory note, contract, guaranty, or other evidence of debt executsd by Trustor in favor of Beneficiary executed
<br /> after ttus Security Instrument whether or not this Security Instrument is specifically refereaice�. If more than one
<br /> person signs ttris Security Instnunent, each Trustor agrees that this Secunty Instniment will secure all future
<br /> advances and future obligations that are given to or incurred by any one or more Trustor, or any one or more Trustor
<br /> and others. All future advances and other future obligations are secured by tlus Security Instrument 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 this Security Instmment. Nothing in tlus Security Instrument sha11 constitute a commitinent to make additional or
<br /> future loans or advances in any amount. Any such commitmexit nnxst be agrced to in a separate writing.
<br /> C. All obligations Trnstor owes to Beneficiary, which may later arise, to the extent not pmtubited by law, including,
<br /> but not limited to, liabilities 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 advance�l and expenses incurred by Beneficiary under the terms of this
<br /> Security Instru�nt.
<br /> This Security Instn�ment will not secure any other debt if Beneficiary fails to give any required notice of the right of
<br /> rescission.
<br /> 5. PAYMENTS. Tn�star agrees that all payments under the Secured Debt will be paid when due and in accordance with the
<br /> terms of the Secured Debt and this Security Instrumeat.
<br /> 6. WARRANTY OF TITLE. Trustor warrants that Tn�stor is or will be lawfully seizad of the estate conveyed by this
<br /> Secutity Instn�ment �d has the right to inevocably grant, convey, and sell the Property to Trustae, in trust, with power of
<br /> sale. Trustor also wanants that the Property is unencumbered, except for encumbrances of racord.
<br /> 7. PRIOR SECURiTY INTERESTS. �th regard to any other mortgage, deed of hvst, security agreement or other lien
<br /> document that created a prior security interest or encumbrance on the Property,Trustor agrees:
<br /> A.To make all payments when due and to perform or comply with all covenants.
<br /> B. To prom�tly deliver to Beneficiary any notices that Trustor receives from the holder.
<br /> C. Not to allow any moclificatian or extension of, nor to request any future advances under az►y note or agreement
<br /> secured by the li�document without Beneficiary's prior written consent. G _' g_oso (7 7/s7) Ipaqe 2 of s/
<br /> ��1994 Bankere Systeme,Inc.,St.Cloud,MN Form GTH-MTGLAZNE 1/8/98 �� �
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