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<br />200902870
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<br />2. MAXIMUM OBLIGATION LIMIT. The total principal amount secured by this Security Instrument at anyone
<br />time will not exceed $450,000.00. 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
<br />made under the terms of this Security Instrument to protect Lender's security and to perform any of the
<br />covenants contained in this Security Instrument.
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<br />3. SECURED DEBTS AND FUTURE ADVANCES. The term "Secured Debts" includes and this Security
<br />Instrument will secure each of the following:
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<br />A. Specific Debts. The following debts and all extensions, renewals, refinancings, modifications and
<br />replacements. A promissory note or other agreement, No. 71220, dated April 15, 2009, from Grantor to
<br />Lender, with a loan amount of $300,000.00 and maturing on April 15, 2024. One or more of the debts
<br />secured by this Security Instrument contains a future advance provision.
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<br />B. All Debts. All present and future debts from Grantor to Lender, even if this Security Instrument is not
<br />specifically referenced, or if the future debt is unrelated to or of a different type than this debt. If more than
<br />one person signs this Security Instrument, each agrees that it will secure debts incurred either individually or
<br />with others who may not sign this Security Instrument. Nothing in this Security Instrument constitutes a
<br />commitment to make additional or future loans or advances. Any such commitment must be in writing. In
<br />the event that Lender fails to provide any required notice of the right of rescission, Lender waives any
<br />subsequent security interest in the Grantor's principal dwelling that is created by this Security Instrument.
<br />This Security Instrument will not secure any debt for which a non-possessory, non-purchase money security
<br />interest is created in "hcflfsehold goods" in connection with a "consumer loan," as those terms are defined
<br />by federal law governing unfair and deceptive credit practices. This Security Instrument will not secure any
<br />debt for which a security interest is created in "margin stock" and Lender does not obtain a "statement of
<br />purpose," as defined and required by federal law governing securities.
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<br />C. Future Advances. All future advances from lender to Grantor or other future obligations of Grantor to
<br />lender under any promissory note, contract, guaranty, or other evidence of debt executed by Grantor in
<br />favor of lender after this Security Instrument whether or not this Security Instrument is specifically
<br />referenced, and whether or not the purpose of the future advances or future obligations is related to the
<br />purpose of the Secured Debts. If more than one person signs this Security Instrument, each Grantor agrees
<br />that this Security Instrument will secure all future advances and future obligations that are given to or
<br />incurred by anyone or more Grantor, or anyone or more Grantor and others. All future advances and other
<br />future obligations are secured by this Security Instrument even though all or part may not yet be advanced.
<br />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
<br />loans or advances in any amount. Any such commitment must be agreed to in a separate writing. In the
<br />event that Lender fails to provide any required notice of the right of rescission, lender waives any
<br />subsequent security interest in the Grantor's principal dwelling that is created by this Security Instrument.
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<br />D. Sums Advanced. All sums advanced and expenses incurred by Lender under the terms of this Security
<br />Instrument.
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<br />4. PAYMENTS. Grantor agrees that all payments under the Secured Debts will be paid when due and in
<br />accordance with the terms of the Secured Debts and this Security Instrument.
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<br />5. WARRANTY OF TITLE. Grantor warrants that Grantor is or will be lawfully seized of the estate conveyed by
<br />this Security Instrument and has the right to irrevocably grant, convey and sell the Property to Trustee, in trust,
<br />with power of sale. Grantor also warrants that the Property is unencumbered, except for encumbrances of
<br />record.
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<br />6. PRIOR SECURITY INTERESTS. With regard to any other mortgage, deed of trust, security agreement or
<br />other lien document that created a prior security interest or encumbrance on the Property, Grantor agrees:
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<br />A. To make all payments when due and to perform or comply with all covenants.
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<br />B. To promptly deliver to Lender any notices that Grantor receives from the holder.
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<br />C. Not to allow any modification or extension of, nor to request any future advances under any note or
<br />agreement secured by the lien document without Lender's prior written consent.
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<br />7. CLAIMS AGAINST TITLE. Grantor will pay all taxes, assessments, liens, encumbrances, lease payments,
<br />ground rents, utilities, and other charges relating to the Property when due. lender may require Grantor to
<br />provide to Lender copies of all notices that such amounts are due and the receipts evidencing Grantor's
<br />payment. Grantor will defend title to the Property against any claims that would impair the lien of this Security
<br />Instrument. Grantor agrees to assign to Lender, as requested by lender, any rights, claims or defenses Grantor
<br />may have against parties who supply labor or materials to maintain or improve the Property.
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<br />8. DUE ON SALE OR ENCUMBRANCE. Lender may, at its option, declare the entire balance of the Secured
<br />Debt to be immediately due and payable upon the creation of, or contract for the creation of, any lien,
<br />encumbrance, transfer or sale of all or any part of the Property, This right is subject to the restrictions imposed
<br />by federal law (12 C.F.R. 591), as applicable.
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<br />9. WARRANTIES AND REPRESENTATIONS. Grantor makes to lender the following warranties and
<br />representations which will continue as long as this Security Instrument is in effect:
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<br />A. Power. Grantor is duly organized, and validly existing and in good standing in all jurisdictions in which
<br />Grantor operates. Grantor has the power and authority to enter into this transaction and to carryon
<br />Grantor's business or activity as it is now being conducted and, as applicable, is qualified to do so in each
<br />jurisdiction in which Grantor operates.
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<br />C & I CATTLE COMPANY
<br />Nebraska Deed Of Trust
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<br />NE/4AMOSEMAN00000000000111047041409N
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<br />@1996 Bankers Systems,lnc.. St. Cloud,MN ~
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