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<br />200512470
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<br />2. CONVEYANCE. For good and valuable consideration, the receipt and sufficiency of which is
<br />acknowledged, and to secure the Secured Debt (defined below) and Trustor's performance under this
<br />Security Instrument, Trustor irrevocably grants, conveys and sells to Trustee, in trust for the benefit of
<br />Beneficiary, with power of sale, the following described property:
<br />~mw~
<br />Lot One (1) in Country Meadows Second Subdivision in tbe City of
<br />Grand Island" Hall County" Nebraska.
<br />Tax 10 400150301
<br />
<br />The property is located in Hall
<br />
<br />. .. at
<br />
<br />(Cuunty)
<br />
<br />~2.4. .R~DWOOD . ROAQ. . .
<br />
<br />(Address)
<br />GRAND ISLAND Nebraska 68803 - 0000
<br />. . , . . . . . , , .,. . . . . . . . . . . . . .. , . . . . . . , , , , , , , , . ,
<br />(City) (ZIP Code)
<br />Together with all rights, easements, appurtenances, royalties, mineral rights, oil and gas rights, all
<br />water and riparian rights, ditches, and water stock and all existing and future improvements,
<br />structures, fixtures, and replacements that may now, or at any time in the future, be part of the real
<br />estate described above (all referred to as "Property. ")
<br />3. MAXIMUM OBLIGATION LIMIT. The total principal amount secured by this Security Instrument
<br />at anyone time shall not exceed $ 10.000.00 . This limitation of amount does not
<br />include interest and other fees and charges validly made pursuant to this Security Instrument. Also,
<br />this limitation does not apply to advances made under the terms of this Security Instrument to protect
<br />Beneficiary's security and to perform any of the covenants contained in this Security Iu.o.;trument.
<br />4. SECURED DEBT AND 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,
<br />contract, guaranty or other evidence of debt dated 12/19/2005 together
<br />with all amendments, extensions, modifications or renewals. The maturity date of the Secured
<br />Debt is 12/20/2015
<br />B. All future advances from Beneficiary to Trustor under evidence of debt, whether obligatory or
<br />discretionary. All future advances are as if made on the date of this Security In.<;trument.
<br />Nothing in this Security Instrument shall constitute a conunitment to make additional or future
<br />loans or advances which exceed the amount shown in Section 3. Any such commitment must be
<br />agreed to in a separate writing.
<br />C. All 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
<br />Beneficiary under the terms of this Security Instrument.
<br />5. PAYMENTS. Trustor agrees that all payments under the Secured Debt will be paid when due and in
<br />accordance with the terms of the Secured Debt and this Security Instrument.
<br />6. WARRANTY OF TITLE. Trustor warrants that Trustor is or will be lawfully seized of the estate
<br />conveyed by this Security Instrument and has the right to irrevocably grant, convey, and sell the
<br />Property to Trustee, in trust, with power of sale. Trustor also warrants that the Property is
<br />unencumbered, except for encumbrances of record.
<br />7. PRIOR SECURITY INTERESTS. With regard to any other mortgage, deed of trust, security
<br />agreement or other lien document that created a prior security interest or encumbrance on the
<br />Property, Trustor agrees:
<br />NEBRASKA - DEED OF TRUST
<br />LENE2 104061
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