|
20110880�
<br />The propetty is loca.ted in ...........................NaIL ......... .................. ac 2oa w�t �7th ,$treet ..................
<br />(CrnmtY)
<br />..................................................... ...............Gtadd.isJand..............., Nebraska .........688A1..........
<br />�Address) ��L9) (ZIP Code)
<br />Together with a11 rights, easements, appurtenances, royalties, mineral rights, oil and gas rights, a11 water and
<br />riparian rights, ditches, and water stock anfl all existing and future improvements, structures, fixtures, and
<br />replacements that may now, or at any time in the future, be part of the real estate described above (all referted
<br />to as "Property").
<br />3. MA�XIlVIUM OBLIGATION LIMIT. The total principal amount secured by this Securiry Instrument at any
<br />one time sha11 not exceed $. u� �, ���, � ..................... ... . This limitation of amount does not include
<br />interest and other fees and charges validly ma.de pursuant to this Securiry Instrument. Also, this limitation
<br />does not apply to advances ma.de under the terms of this Security Instnunent to prote,ct Beneficiary's securiry
<br />and w perform any of the covenants conta.ined in this Security Insttvment.
<br />4. SECURED DEBT AND FUT[1RE ADVANCE5. The tetm "Secured Debt" is defined as follows:
<br />A. Debt incuned under the teuns _ of all promissory note(s), contract(s), gua.ranty(ies) or otlier evidence of
<br />debt described below and all their extensions, renewals, modif'icaxions or substitutions. (DVhen
<br />referencing the debts beZow tt is suggested that you incZude items such as bonowers' mm�es, taote
<br />QJ�101132tS, 11Zt¢P¢St Tl1tCS, 1I1Q1llPlty �tCS, BtC. J
<br />All existing Promissary Notes and specifically a Prnmissory Nate of even date
<br />B. All future advances fram Beneficiary to Trustor or other futuxe obligations of Trustor to Beneficiary
<br />under any promissory note, contract, guaranty, or other evidence of debt executed by Trustor in favor
<br />of Beneflciary a.fter this Securiry Instrument whether or not this Securitp Instrument is specif'ically
<br />referenced. If more than one person signs this Securiry Instrnment, ea.ch Trustor agrees that this
<br />Security Instrument will secure a11 future advances and future obligations that are given to or incurred
<br />by any one or more Trustor, or any one or more Trustor and others. All future advances and other
<br />future obligations are secured by this Security Instrument even though all or part ma.y not yet be
<br />advanced. All future advances and other future obligations are secured as if made on the date of this
<br />Secutity Instr�ment. Nothing in this Securiry Instrument shall coastitute a commiCment to ma.ke
<br />additional or future loans or a.dvances in any amount. Any such commitment must be agreed to in a
<br />sepa.rate writing.
<br />C. All obligations Trustor owes to Beneficiary, wtuch ma.y Later arise, to the extent not prohibited by law,
<br />including, but not limited to, liabilities for overdrafrs relating to a.ny deposit account agreement
<br />between Trustor a.nd Beneficiary.
<br />D. All additional, sums advanced and expenses incurred by Bemeficiary for -insuring; preserving or
<br />otherwise protecting the Property and its value and any other sums advanced and expenses incuned by
<br />Beneficiary under the terms of this Securiry Instn�ment.
<br />This Securiry Instrument will not secure any other debt if Beneficiary fa.ils to give any required notice of the
<br />right of rescission.
<br />5. PAYMENT5. Trustor agrees that a11 payments under the Secured Debt will be paid when due and in
<br />accordance with the terms of the Secured Debt and this Security InstrumenL.
<br />6. WARRANTY OF TITLE. Trustor warrants that Trustor is or will be lawfully seized of the estate conveyed
<br />by this Securiry Instrument and has the right to irrevoca.bly grant, convey, and sell the Property to Trustee, in
<br />trust, with power of sale. Trustor also warrants that the Properly is unencumbered, except for encumbrances
<br />of record.
<br />7. PRIOR SECURITY INTERESTS. With regazd to any othet mortgage, deed of trust, securiry agreement or
<br />other lien document thax created a prior security interest or encumbrance on the Ptoperty, Ttvstor agrees:
<br />A. To make all payments when due and to perform or comply with all covenants.
<br />B. To promptly deliver to Beneficiary any notices that Trustor receives from the holder.
<br />C. Not to allow any modif'icaiion or extension of, nor to request any future advances under any note or
<br />agreement secured by the lien document without Beneficiary's prior written consent.
<br />8. CLAIlVIS AGAINST T1TLE. Trustor will pay all taxes, assessments, liens, eacumbrances, lease payments,
<br />ground rents, utilities, and other charges relating to the Property when due. Beneficiary may require Trustor
<br />to provide to Beneficiary copies of all notices that such amounts are due and the receipts evidencing Trustor's
<br />payment. Trustor will defend title to the Property against any claims that would impair the lien of this
<br />Securiry Instrulnent. Trustor agrees to assign to Beneficia,ry, as requested by Beneficiary, any rights, clanns
<br />or defenses Trustor ma.y ha.ve aga.inst parties who supply labor or materials to maintain or improve the
<br />Property.
<br />Security Irretrumerrt-Consumer-NE
<br />VMP� Bankers Syatems7�
<br />Woltera Kluwer Flnanclal Servicas OO 1994, 2011
<br />RE-DT-NE 7/1/2011
<br />VMP-C 185 (NE7 11107).00
<br />Page 2 of 6
<br />�
<br />
|