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_. 200904443 The property is located in ..HALL.O.QUNTY .............................................. at .............................................. (County) .502.ORE.RN1!r!IGH.ST..S.„GRAND.1Sl.ANA ....................................................... Nebraska .....6.8&Q9-653.8.. (Address) (City) (ZIP Code) Together with all rights, easements, appurtenances, royalties, mineral rights, oil and gas rights, all water and riparian rights, ditches, and water stack 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 $ ..53r90~,R0 .....................................This limitation of amount does not 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 term "Secured Debt" is defined as follows: A. Debt incurred under the terms of all promissory note(s), contract(s), guaranty(ies) or other evidence pf debt described below and all their extensions, renewals, modifications or substitutions. (You must specifically identify the debt(s) secured and you should include the fiual maturity date of such debt(s).) Borrower(s): MICHAEL OCONNELL and BARBARA OCONNELL Principal/Maximum Line Amount: 53,908.00 Maturity Date: 05/15/2034 Note Date: 05/15/2009 B. All future advances from Beneficiary to Trustor or other future obligations of Trustor to Beneficiary under any promissory note, Contract, guaranty, or other evidence of debt executed by Trustor in favor of Beneficiary aher this Security Instrument whether or not this Security Instrument is specifically referenced. If more than one person signs this Security Instrument, each Trustor agrees that this Security Instrument will secure all future advances and future obligations that are given to or incurred by any one or more Trustor, or any one or more Trustor and others. All future advances and other future obligations are secured by this Security Instrument even though all or part may not yet be advanced. All future advances and other future obligations are secured as if made on the date of this Security Instrument. Nothing in this Security Instrument shall constitute a commitment to make additional or future loans or advances in any amount. Any such commitment must be agreed to in a separate writing. C. All other obligations Trustor owes to Beneficiary, which may later arise, to the extent not prohibited by law, including, but not limited to, liabilities for overdrafts relating to any deposit account agreement between Trustor and Beneficiary. D. All additional 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 of this Security Instrument. In the event that Beneficiary fails to provide any required notice of the right of rescission, Beneficiary waives any subsequent security interest in the Trustor's principal dwelling that is created by this Security Instrument. 5. MASTER FORM. By the delivery and execution of this Security Instrument, Trustor agrees that all provisions and sections of the master form Deed of Trust (Master Form), inclusive, dated .............. (18L07./.20Q7.......... and recorded as Recording Number ..................................... or Instrument Number .2097.O.Z7.4.3....................... in Book ............................................................. at Page(s) .................. of the Official Records in the Office of the Register of Deeds of ..HALL ............................ County, Nebraska, are hereby incorporated into, and shall govern, this Security Instrument. This Security Instrument will be offered for record in the same county in which the Master Form was recorded. ©1994 Wolters Kluwer Flnanclal Services • Bankers Systems M Form USBOCPSFOTNE 8/30J2008 (page 2 of 31