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200408066 V1 WBCD LOAN # 500224476
<br />The property is located in HALL (County)
<br />at 2219 Nashville Street, Grand Island,
<br />(Address) (City)
<br />Nebraska 68803 (ZIP Code)
<br />Togetherwith all rights, easements, appurtenances, royalties, mineral rights, oil and gas rights, all waterand riparian
<br />rights, ditches, and water stock and all existing and future improvements, structures, fixtures, and replacements that
<br />may now, or at any time in the future, be part of the real estate described above (all referred to as "Property").
<br />3. MAXIMUM OBLIGATION LIMIT. The total principal amount secured by this Security Instrument at any one time
<br />shall not exceed $20,200.00. This limitation of amount does not include interest and other fees and
<br />charges validly made pursuant to this Security Instrument. Also, this limitation does not apply to advances made
<br />under the terms of this Security Instrument to protect Beneficiary's security and to perform any of the covenants
<br />contained in this Security Instrument.
<br />4. SECURED DEBT AND FUTURE ADVANCES. The term "Secured Debt" is defined as follows:
<br />A. Debt incurred under the terms of all promissory note(s), contract(s), guaranty(ies) or other evidence of debt
<br />described below and all their extensions, renewals, modifications or substitutions. (You must specifically
<br />Identify the debt(s) secured and you should include the final maturity date of such debt(s).)
<br />CREDIT LIMIT: $20,200.00
<br />INITIAL RATE: 4.750%
<br />MATURITY DATE: AUGUST 9, 2014
<br />APP ID #: 500224476
<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 executed by Trustor in favor of Beneficiary
<br />after this Security Instrument whether or not this Security Instrument is specifically referenced. If more than
<br />one person signs this Security Instrument, each Trustor agrees that this Security Instrument will secure all
<br />future advances and future obligations that are given to or incurred by any one or more Trustor, or any one
<br />or more Trustor and others. All future advances and other future obligations are secured by this Security
<br />Instrument even though all or part may not yet be advanced. All future advances and otherfuture obligations
<br />are secured as if made on the date of this Security Instrument. Nothing in this Security Instrument shall
<br />constitute a commitment to make additional or future loans or advances in any amount. Any such
<br />commitment must be agreed to in a separate writing.
<br />C. All other obligations Trustor owes to Beneficiary, which may later arise, to the extent not prohibited by law,
<br />including, but not limited to, liabilities for overdrafts relating to any deposit account agreement between
<br />Trustor and Beneficiary.
<br />D. All additional sums advanced and expenses incurred by Beneficiary for insuring, preserving or otherwise
<br />protecting the Property and its value and any other sums advanced and expenses incurred by Beneficiary
<br />under the terms of this Security Instrument.
<br />In the event that Beneficiary fails to provide any necessary notice of the right of rescission with respect to any
<br />additional indebtedness secured under paragraph B of this Section, Beneficiary waives any subsequent security
<br />interest in the Trustor's principal dwelling that is created by this Security Instrument (but does notwaive the security
<br />interest for the debts referenced in paragraph A of this Section).
<br />5. DEED OF TRUST COVENANTS. Trustor agrees that the covenants in this section are material obligations under the
<br />Secured Debt and this Security Instrument. If Trustor breaches any covenant in this section, Beneficiary may refuse to
<br />make additional extensions of credit and reduce the credit limit. By not exercising either remedy on Trustor's breach,
<br />Beneficiary does not waive Beneficiary's right to later consider the event a breach if it happens again.
<br />Payments. Trustor agrees that all payments under the Secured Debtwill be paid when due and in accordance with
<br />the terms of the Secured Debt and this Security Instrument.
<br />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 Property, Trustor agrees to make all
<br />payments when due and to perform or comply with all covenants. Trustor also agrees not to allow any modification
<br />or extension of, nor to request any future advances under any note or agreement secured by the lien document
<br />without Beneficiary's prior written approval.
<br />Claims Against Title. Trustor will pay all taxes (including any tax assessed to this Deed of Trust), assessments, liens,
<br />encumbrances, lease payments, ground rents, utilities, and other charges relating tothe Propertywhen due. Beneficiary
<br />may require Trustor to provide to Beneficiary copies of all notices that such amounts are due and the receipts evidencing
<br />Trustor's payment. Trustor will defend title to the Property against any claims that would impair the lien of this Security
<br />Instrument. Trustor agrees to assign to Beneficiary, as requested by Beneficiary, any rights, claims or defenses Trustor
<br />may have against parties who supply labor or materials to maintain or improve the Property.
<br />Property Condition, Alterations and Inspection. Trustor will keep the Property in good condition and make all
<br />repairs that are reasonably necessary. Trustor shall not commit or allow any waste, impairment, or deterioration of
<br />the Property. Trustor agrees that the nature of the occupancy and use will not substantially change without
<br />Beneficiary's prior written consent. Trustor will not permit any change in any license, restrictive covenant or
<br />easement without Beneficiary's prior written consent. Trustor will notify Beneficiary of all demands, proceedings,
<br />claims, and actions against Trustor, and of any loss or damage to the Property. _
<br />Initials: C--i. D
<br />NEBRASKA - HOME EQUITY LINE OF CREDIT DEED OF TRUST (NOT FOR FNMA, FHLMC, FHA OR VA USE)
<br />Exr�—.W © 1994 Bankers Systems, Inc., St. Cloud, MN Form OCP- REDT -NE 1/30/2002
<br />(!M„- C465(NE) Iosoi) VMP MORTGAGE FORMS - (800)521 -7291
<br />Page 2 of 6 NE1365DE 0307
<br />08 -04 -2004 10:53
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