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200305773
<br />The property, is located in HALL at 2026 CUSTER AVENUE
<br />(County)
<br />GRAND I GI. AND , Nebraska 68803
<br />(Address) (Cit)) (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 stock and all existing and future improvements, structures, fixtures, and replacements that may now, or at any
<br />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 shall not
<br />exceed $ 30, 452. 00 . This limitation of amount does not include interest and other fees and charges validly made
<br />puramu 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 AND FUTURE ADVANCES_ The term "Seemed Debt "is defined as follows:
<br />A. Debt incurred Under the terms of the promissory note, revolving tine of credit agreement, contract, guaranty or other
<br />evidence of debt dated 04 / 11 / 2 D03together with all amendments, extensions, modifications or renewals. The maturity
<br />date of the Secured Debt is 0510312008 .
<br />B. All fume advances from Beneficiary to Truster under evidence of debt, whether obligatory or discretionary. All future
<br />advances are as if made on the date of this Security Instrument. Nothing in [his Security Instrument shall constitute a
<br />commitment to make additional or future loans or advances which exceed the amount shown in Section 3. Any such
<br />commitment must 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 value and any other sums advanced and expenses incurred by Beneficiary under the terms of this Security
<br />Instrument.
<br />5. PAYMENTS. Trustor agrees that all payments under the Secured Debt will be paid when due and in accordance with the terms of
<br />the Secured Debt and this Security Instrument.
<br />6. WARRANTY OF TITLE. Tmslor warrants that Trustor is or will be lawfully seized of the estate conveyed by this Security
<br />Instrument and has the right to irrevocably grant, convey, and sell the Property to Trustee, in trust, with power of sale. Trustor also
<br />warrants that the Property is unencumbered, except for encumbrances of record.
<br />7. PRIOR SECURITY INTERESTS. With regard to any other mortgage, decd of Imst, security agreement or other lien document
<br />that created a prior security interest or encumbrance on the Property, Truster 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 secured by
<br />the lien document without Beneficiary's prior written consent.
<br />S. CLAIMS AGAINST TITLE. Trustor will pay all taxes, assessments, liens, encumbrances, lease payments, ground rents,
<br />utilities, and other charges relating to the Property when due, Beneficiary may require Tmslor to provide to Beneficiary copies of
<br />all notices that such amounts are due and the receipts evidencing Truslor's paymcm.. Truster will defend title to the Property
<br />against any claims that would impair the hen of this Security Instrument. Trustor agrees to assign to Beneficiary, as requested by
<br />Beneficiary, any rights, claims or defenses Trustor may have against parties who supply labor or materials to maintain or improve
<br />the Property,
<br />9. DUE ON SALE OR ENCUMBRANCE. Beneficiary may, at its option, declare the entire balance of the Secured Debt to be
<br />immediately due and payable upon fire creation of, or contract for the creation of, any lien, encumbrance, transfer or sale of the
<br />Property. 'Phis right is subject to the restrictions imposed by federal law (12 C.F.R. 591), as applicable. This covenatn shall nu
<br />with the Property and shall remain in effect until the Secured Debt is paid in full and this Security Instrument is released.
<br />10. PROPERTY CONDITION, ALTERATIONS AND INSPECTION. Truster will keep the Property in good condition and make
<br />all repairs that are reasonably necessary. Tmstor shall not curnam or allow any waste, impairment, or deterioration of the
<br />Property. Trustor will keep the Properly free of noxious weeds and grasses. Trustor agrees that the nature of the occupancy and
<br />use will not substantially change without Beneficiaryls prior written consent. Trustor will not permit any change in any license,
<br />restrictive covenant or easement without Beneficiary's prior written consent Trustor will notify Beneficiary of all demands,
<br />proceedings, claims, and actions against'I'mstor, and of any loss or damage to the Property.
<br />Beneficiary or Beneficiary's agents may, at Reneficiary's option, enter the Property at any reasonable time for the purpose of
<br />inspecting the Property. Beneficiary shall give Truster notice at the time of or before an inspection specifying a reasonable
<br />purpose for the inspection. Any inspection of the Property shall be entirely for Beneficiary's benefit and Trustor will in no was
<br />rely on Beneficiary's inspection.
<br />NEBRASKA -DEED OF TRUST
<br />EQ12M(06 /2002)
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