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200804548. 200~~5 200400776 The property is located in HALL at30 L I LL I AN LANE (COWlty) DON I PHAN,Nebmd3 68832 (Address) (City) (ZIP Code) Together with all rights, easements, appwtenances, royalties, mineral rights, oil and gas rights, all water and riparian rights, ditches, and water stock and all existing and future improvements. structures, fixtures, and replacements that may now, or at any time in the future, be part of the real estate described above (all referred to as "Property.") 3. MAXIMUM OBLIGATION LIMIT. The total principal amount secured by this Security Instrument at any one time shall not exceed $ 275.000.00 . This limitation of amount does Dot include interest and other fees and charges validly made pursuant to this Security Instrument Also, this limitation does not apply to advances made under the terms of this Security Instrument to protect Beneficiary's security and to perform any of the covenants contained. in this Security Instrument 4. SECURED DEBT AND FUTURE ADVANCES. The tenn "Secured Debt" is defined as follows: A. Debt incurred under the tenns of the promissory note, revolving line of credit agreement, contract, guaranty or other evidence of debt dated 0 1/ 07/2004 together with all a.mendmeDts, extensions, modifications or renewals. The maturity date of the Secured Debt is 01/07/2044 B. All future advances from Beneficiary to Trustor under evidence of debt, whether obligatory or discretionary. All future advances are as if made on the date of this Security Instrument Nothing in this Security Instromcnt shall constitute a commitment to make additional or future loans or advances which exceed the amount shown in Section 3. Any such commitment must be agreed to in a separate writing. C. All sums advanced and expenses incurred by Beneficiary for insuring, preserving or otherwise protecting the Property and its value and any other sums advanced and expenses incurred by Beneficiary under the terms ofthis Security Insuument. 5. PAYMENTS. Trustor agrees that all payments under the Secured Debt will be paid when due and in accordance with the tenns of the Secured Debt and this Security Instmment 6. WARRANTY OF TITLE. Trustor warrants that Trustor is or will be lawfully seized of the estate conveyed by this Security Instmment and has the right to irrevocably grant, convey, and sell the Property to Trustee, in trust, with power of sale. Trustor also warmnts that the Property is unencumbered, except for encumbrances of record. 7. PRIOR SECURITY INTERESTS. With regard to any other mortgage, deed of trust, security agreement or other lien document that created a prior security interest or encumbrance on the Property, Trustor agrees: A. To make all payments when due and to perform or comply with all covenants. B. To promptly deliver to Beneficiary any notices that Trustor receives from the holder. C. Not to allow any modification or extension of, nor to request any future advances under any note or agreement secured by the lien document without Beneficiary's prior written consent. 8. CLAIMS AGAINST TITLE. Trustor will pay all taxes, assessments, liens, encumbrances, lease payments, ground rents, utilities, and other charges relating to the Property when due. Beneficiary may require Trustor to provide to Beneficiary copies of all notices that such amounts are due and the receipts eviclencing Trustor's payment Trustor will defend title to the Property against any claims that would impair the lien of this Security Instrument Trustor agrees to assign to Beneficiary, as requested by Beneficiary, any rights., claims or defenses Trustor may have against parties who supply labor or materials to maintain or improve the Property. 9. DUE ON SALE OR ENCUMBRANCE. Beneficiary may, at its option, declare the entire balance of the Secured Debt to be immediately due and payable upon the creation of, or contract for the creation of, any lien, encumbrance, tranSfer orsale of the Property. This right is subject to the restrictions imposed by federa1law (12 C.F.R. 591), as applicable. This covenant shall run with the Property and shall remain in effect until the Secured Debt is paid in full and this Security Instrument is released. 10. PROPERTY CONDITION. ALTERATIONS AND INSPECTION. Trustor will keep the Property in good condition and make all repairs that are reasonably necessary. Trustor shall not commit or allow any waste, impairment, or deterioration of the Property. Trustor will keep the Property free of noxious weeds and grasses. Trustor agrees that the nature of the occupancy and use will not substantially change without Beneficiary's prior NEBRASKA-DEED OF TRUST EQ127B (1012003)