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�011U8926
<br />The property is located in ...........................Nall........................... ax 214,E Koeni9..........................
<br />(co,mry)
<br />..................................................... ...............Grand�laad..............., Nebraska. .........�88P.1.........
<br />(Address) (Ciry) (ZIP Code)
<br />Together with a11 rights, easements, appurtena.nces, royalties, mineral rights, oil and gas rights, a11 water and
<br />riparian rights, ditches, and water stock and a11 existiag and future improvements, structures, fixtures, and
<br />replacements that ma.y now, or at any time in the future, be part of the real estaxe described above (all refened
<br />to as "Property").
<br />3. MAXIlVIiJM OBLIGATION LIlVITr. The total principal amount secured by this Security Instrument at any
<br />one time sha11 not exceed $ ............................................. . This limitation of amount does not include
<br />interest and other fees and cha.rges validly made pursua.nt to this Securiry Instrument. Also, this limita.tion
<br />does not apply to advances ma.de under the terms of this Securiry Instrument to protect Beneficiary's securiry
<br />and to perform any of the covena.nts conta.ined in this Securiry Instrument.
<br />4. SECURED DEBT AND FUTiJRE ADVANCES. The term "Secured Debt" is defined as follows:
<br />A. Debt incurred under the terms of all promissory note(s), contract(s), gua.ranty(ies) or otlier evidence of
<br />debt described below and all their extensions, renewals, modif'ications or substitutions. (When
<br />referenczng the debts below it is suggested that you inc2ude items such QS IJOPPOWCPS � nmrtes, note
<br />amounts, interest r¢tes, maturity dates, etc.)
<br />All existing Promissory Notes and specifically a Promissory Note of even date
<br />B. All future advances from Beneficiary to Trustor or other future obligations of Trustor to Beaeficiary
<br />under any promissory note, contract, gua.ranry, or other evidence of debt executed by Trustor in favor
<br />of Beneficiary after this Security Instrument whether or not this Securiry Instrument is specif'ically
<br />referenced. If more than one person signs this Securiry Insttvment, each Trustor agrees that this
<br />Security Instrument will secure all future advances and future obligations that are given to or incuned
<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 Securiry Instnunent even though a11 or part ma.y not yet be
<br />advanced. All future adva.nces and other future obligations ase secured as if ma.de on the da.te of this
<br />Securiry Instrument. Nothing in this Securiry Instrument shall coastitute a commitment to make
<br />additional or future loans or advances in any amount. Any such commitment must be agreed to in a
<br />sepa.rate writing.
<br />C. All obligations Trustor owes to Beneficiary, which ma.y later arise, to the extent not prohibited by law,
<br />including, but not limited to, lia.bilities for overdrafts relating to any � deposit account agreement
<br />between Trustor and Beneficiary.
<br />D. All additional sums advanced and expenses incuned by Beneficia.ry for insuring, preserving or
<br />otherwise protecting the Properiy and its value and any other sums advaaced and expenses incuned by
<br />Beneficiary under the terms of this Securiry Instrument.
<br />This Securiry Instrument will not secure any other debt if Beneficiary fails to give any required notice of the
<br />right of rescission.
<br />5. PAYMENTS. Trustar 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 Securiry Instrument.
<br />6. WARRANTY OF 1TTLE. Trustor warrants that Trustor is or will be lawfully seized of the estaxe conveyed
<br />by this Securiry Instrument and has the right to inevocably grant, convey, and sell the Property to Trustee, in
<br />trust, with power of sa1e. Trustor also warrants that the Property is unencumbered, except for encumbrances
<br />of record.
<br />7. PRIOR SECURTI'Y INTERESTS. With regard to any other mortgage, deed of trust, security agreement or
<br />other lien document that created a prior securiry interest or encumbrance on the Property, Trustor agrees:
<br />A. To make a11 payments when due aad 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'ication or e�ctension 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. CLAIMS AGAINST TTi'LE. Trustor will pay all taxes, assessments, liens, encumbra.nces, -lease payments,
<br />ground rents, utilities, and other charges relating to the Property when due. Beneficiary ma,y require Trustor
<br />to provide to Beneficiary copies of all notices tha.t such amounts are due and the receipts evidencing Trustor's
<br />payment. Trustor will defend title to the Property against any claims that would impa.ir the lien of this
<br />Securiry Instrument. Trustor agrees to assign to Beneficiary, as requested by Beneficiary, any rights, claims
<br />or defenses Trustor may ha.ve against paRies who supply la.bor or materials to ma.inta.in or improve the
<br />Properry.
<br />Security Inatrumerrt-Consumer-NE RE-DT-NE 7!1/2011
<br />VMP� Bankers SyetemsTM VMP-C1851NE) (1107).00
<br />Wolters Kluwer Financial Services OO 1994, 2011 Page 2 of 8
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