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200803876
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Last modified
5/6/2008 4:47:35 PM
Creation date
5/6/2008 4:33:29 PM
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DEEDS
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200803876
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<br />" ."-:1 <br /> <br />200803876 <br /> <br />. . <br /> <br />.. <br /> <br />..! <br /> <br />. Hall 2116 VIKING ROAD <br />The property is located In ....................................... at ........................................................................... <br />(County) <br /> <br />. . . . . .. .. . . . . . .. . . . . . . . . . . .. . . . . .. ... . . . . . . . .. . . . . . . . . . . . .. ., .C?~~~. ~~.~.~~~. . . . . . .. . . . . . . . . . . . . . . ... .. ., N <br /> ebraska .l?~~~~............... <br />(Address) (City) (ZIP Code) <br /> <br />Together with all rights. easements, appurtenances. royalties. mineral rights, oil and gas rights, all water and riparian <br />rignts, ditches, and water stock and all existing and future improvements, structures, fixtures, and replacements that may <br />now, or at any time in the future, be part of the real estate described above (all referred to as "Property"). <br /> <br />3. MAXIMUM OBLIGATION LIMIT. The total principal amount secured by this Security Instrument at anyone time shall <br />not exceed $ .1.~:~~~..~~...................................... . This limitation of amount does not include interest and other fees <br />and charges validly made pursuant to this Security Instrument. Also, this limitation does not apply to advances made WIder <br />the terms of this Security Instrument to protect Beneficiary's security and to perform any of the covenants contained in this <br />Security Instrument. <br /> <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. (Hhen referencing the debts be/ow <br />it is suggested that you include items such as borrowers' names, note amounts, interest rates, maturity dates, etc.) <br /> <br />Borrower's Name(s) MICHAEL R. KORTE AND CHRISTINA M. KORTE <br /> <br />Note Date: 03/13/2008 <br /> <br />Maturity Date: 03/12/2023 <br /> <br />Principal/Maximum Line Amount: 16,500.00 <br /> <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 after this <br />Security Instrument whether or not this Security Instrument is specifically referenced. If more than one person signs <br />this Security Instrument, each Trustor agrees that this Security Instrument will secure all future advances and future <br />obligations that are given to or incurred by anyone or more Trustor, or anyone or more Trustor and others. All <br />future advances and other future obligations are secured by this Security Instrument even though all or part may not <br />yet be advanced. All future advances and other future obligations are secured as if made on the date of this Security <br />Instrument. Nothing in this Security Instrument shall constitute a commitment to make additional or future loans or <br />advances in any amount. Any such commitment must be agreed to in a separate writing. <br />C. All obligations-TI1iSlor- owes to. Benelidiu-y, which may later arise, to the extent not prohibited 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 advanced and expenses incurred by Beneficiary under the terms of this <br />Security Instrument. <br /> <br />In the event that Beneficiary fails to provide any required notice of the right of rescission, Beneficiary waives any <br />subsequent security interest in the Trustor's principal dwelling that is created by this Security Instrument. <br /> <br />. 1994 Wolters Kluwer Financial Services. Bankers Systems * Form USBREDTSFNE 8/30/2006 <br /> <br />14191506 <br /> <br />4=- (P~ <br />
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