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The property is located in HALL
<br />200403558
<br />at 608 WEST 8TH STREET
<br />(County)
<br />GRAND ISLAND Nebraska 68801
<br />(City) (ZIP Code)
<br />Together with all rights, easements, appurtenances, royalties, mineral rights, oil and gas rights, all water and riparian rights,
<br />ditches, and water stocl, and all existing and future improvements, structures, fixtures, and replacements that may now, or at any
<br />time in the future. he p, rt of the real estate described above (all referred to as "Property. ")
<br />3. MAXIMUM OBLIGATION LIMIT. The total principal amotmt secured by this Security Instrument at any one time shall not
<br />exceed $ 44, 188.00 . This limitation of amount does not include interest and other fees and charges validly made
<br />pursuant to this Security Instrument. Also, this limitation does not apply to advances made under the terms of this Security
<br />Instrument to protect Beneficiary's security and to perform any of the covenants contained in this Security Instrument.
<br />4. SECURED DEBT "1D FUTURE ADVANCES. The term "Secured Debt" is defined as follows:
<br />A. Debt incurred under the terms of the promissory note, revolving line of credit agreement, contract, guaranty or other
<br />evidence of debt dated 09 / 19 / 2003 together with all amendments, extensions, modifications or renewals. The maturity
<br />date of ti.e Sr.cured Debt is 10 / 01 / 2018 .
<br />B. All fuvu o a.? anc _-s from Beneficiary to Trustor under evidence of debt, whether obligatory or discretionary. All future
<br />advancc:..;.r, if made on the date of this Security Instrument. Nothing in this Security Instrument shall constitute a
<br />commitm -...it 1, make additional or future loans or advances which exceed the amount shown in Section 3. Any such
<br />commitment in, is-, be agreed to in a separate writing.
<br />C. All sums advanced. and expenses incurred by Beneficiary for insuring, preserving or otherwise protecting the Property
<br />and its .,alje utd an} other sums advanced and expenses incurred by Beneficiary under the terms of this Security
<br />Instrument.
<br />5. PAYMENTS. Truster agrees that all payments under the Secured Debt will be paid when due and in accordance with the terms of
<br />the Secured Deb, imr 'its .iccarity Instrument.
<br />6. WARRANTY 017 k t I'LiL. Ti-ustor warrants that Trustor is or will be lawfully seized of the estate conveyed by this Security
<br />Instrument and has iho rig ii to irrevocably grant, convey, and sell the Property to Trustee, in trust, with power of sale. Trustor also
<br />warrants that the i .operty is unencumbered, except for encumbrances of record.
<br />7. PRIOR SECUA,,,i "i' i e.N - E:RES Y S. With regard to any other mortgage, deed of trust, security agreement or other lien document
<br />that created a prior sec; Jty int,„ rust or encumbrance on the Property, Trustor agrees:
<br />A. To ttttil. ;all p:.yrncras �t lien due and to perform or comply with all covenants.
<br />B. To pror,. t,,, u ;lit,;r to Beneficiary any notices that Trustor receives from the holder.
<br />C. Not tc aAco aij ir, ,ci ication or extension of, nor to request any future advances under any note or agreement secured by
<br />the lien Gs .um ant 1 L,iiout Beneficiary's prior written consent.
<br />8. CLAIMS AGAINST TIT:-E. Trustor will pay all taxes, assessments, liens, encumbrances, lease payments, ground rents,
<br />utilities, and other cli c €,e.s y eliting to the Property when due. Beneficiary may require Trustor to provide to Beneficiary copies of
<br />all notices tha, such , ir.cu,as are due and the receipts evidencing Trustor's payment. Trustor will defend title to the Property
<br />against any claim;, flia.: ,A cald impair the lien of this Security Instrument. Trustor agrees to assign to Beneficiary, as requested by
<br />Beneficiary, any � lelits, -iaims or defenses Trustor may have against parties who suppiy labor or materials to maintain or improve
<br />the Propetty.
<br />9. DUE ON SALr,� 01.4. LNCU14IBRANCE. Beneficiary may, at its option, declare the entire balance of the Secured Debt to be
<br />immediately cue and yab;e upon the creation of, or contract for the creation of, any lien, encumbrance, transfer or sale of the
<br />Property. This rie,nt is subj(.,.:t tc, the restrictions imposed by federal law (12 C.F.R. 591), as applicable. This covenant shall run
<br />with the Property- ar,d si:ztll ; ornain ir, effect until the Secured Debt is paid in full and this Security Instrument is released.
<br />10. PROPERTY COME lli ' i 11, , .ALTERATIONS AND INSPECTION. Trustor will keep the Property in good condition and make
<br />all repairs that art roast�naci y necessary. Trustor shall not commit or allow any, waste, impairment, or deterioration of the
<br />Property. Trastoc %a i.1 kccp t:.c Property free of noxious weeds and grasses. Trustor agrees that the nature of the occupancy and
<br />use will not sub:-,w i ,X) �' aige without Beneficiary's prior written consent. Trustor will not permit any change in any license,
<br />restrictive coven t t_ s.;..re:rt without Beneficiary's prior written consent. Trustor will notify Beneficiary of all demands,
<br />proceedings, clangs. id.7c6oris against Trustor, and of any loss or damage to the Property.
<br />Beneficiary or B; ii,_, s agents may, at Beneficiary's opt_on, enter the Property at any reasonable time for the purpose of
<br />inspecting the t'r r, : ` Beneficiary shall give Trustor notice at the time of or before an inspection specifying a reasonable
<br />purpose for the s-11s,,; zi ;%i. Ar,3 atspection of the Property shall be entirely for Beneficiary's benefit and Trustor will in no way
<br />rely on BeneficiL ) s .pcoiio.,.
<br />NEBRASKA -DEED 31 ",R. a'C
<br />EQ127B (06/2062)
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