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DEED OF TRUST
<br />MAXIMUM LIEN. The lien of this Deed of Trust shall not exceed at any one time $10,900.00.
<br />THIS DEED OF TRUST is dated January 10, 2003, among JOHN GANNON; a Single Person ( "Trustor "); State
<br />Farm Bank, F.S.B., whose address is Bank Loan Center, One State Farm Plaza, Bloomington, IL 61710
<br />(referred to below sometimes as "Lender" and sometimes as "Beneficiary "); and State Farm Bank, F.S.B.,
<br />whose address is PO Box 419001, St. Louis, MO 63141 (referred to below as "Trustee ").
<br />CONVEYANCE AND GRANT. For valuable consideration, Trustor conveys to Trustee in trust, WITH POWER OF SALE, far the benefit of
<br />Lender us Beneficiary, all of Trustor's right, title, and interest in and to the following described real property, together with all existing or
<br />subsequently erected or affixed buildings, improvements and fixtures; all easements, rights of way, and appurtenances; all water, water
<br />nyhts and ditch rights )including stock in utilities with ditch or irrigation rights); and all other rights, royalties, and profits relating bathe real
<br />property, including without limitation all minerals, oil, gas, geothermal and similar matters, (the Real Property ") located in HALL
<br />County, State of Nebraska:
<br />LOT NUMBERED 26, BLOCK 1, IN KNICKREHM 2ND ADDITION TO THE
<br />CITY OF GRAND ISLAN, HALL COUNTY, NEBRASKA.
<br />The Real Property or its address is commonly known as 103 E 21ST ST, GRAND ISLAND, NE 68801. The
<br />Real Property tax identification number is 400052776
<br />REVOLVING LINE OF CREDIT. Specifically, in addition to the amounts specified In the Indebtedness definition, and without limitation. this
<br />Deed at Trust assume a revolving line of credit, which obligates Lender to make advances to Truster so long as Trustor complies with all
<br />the terms of the Credit Agreement. Such advances may be made, repaid, and remade from time to time, subject to the limitation that the
<br />total outstanding balance owing at any one time, not including finance charges on such balance at a fixed or variable rata or surn as
<br />provided in the Credit Agreement, any temporary averages, other charges, and any amounts expanded or advanced as provided in either
<br />the Indebtedness paragraph or this paragraph, shall not exceed the Credit Limit as provided in the Credit Agreement. It is the intended of
<br />Treater and Lender that this Deed of Trust secures the balance outstanding under the Credit Agreement from time to time from zero up to
<br />the Credit Limit as provided In this Deed of Trust and any intermediate balance.
<br />Truster presently assigns to Lender (also known as Beneficiary in this Deed of Trust) all of Theater's right, title, and interest in and to all
<br />present and future leases of the Property and all Rents from the Property. In addition, Treanor grants to Lender a Uniform Commercial
<br />Code security interest in the Personal Property and Rents.
<br />THIS DEED OF TRUST, INCLUDING THE ASSIGNMENT OF RENTS AND THE SECURITY INTEREST IN THE RENTS AND PERSONAL
<br />PROPERTY, IS GIVEN TO SECURE IA) PAYMENT OF THE INDEBTEDNESS AND (B) PERFORMANCE OF EACH OF TRUSTOR'S
<br />AGREEMENTS AND OBLIGATIONS UNDER THE CREDIT AGREEMENT, THE RELATED DOCUMENTS, AND THIS DEED OF TRUST. THIS
<br />DEED OF TRUST IS GIVEN AND ACCEPTED ON THE FOLLOWING TERMS:
<br />PAYMENT AND PERFORMANCE. Except as otherwise provided in this Ueed of Trust, Trustor shall pay to Lender all amounts secured by
<br />this Deed of Trust as they become due, and shall strictly and in a timely manner perform all of Trustor's obligations under the Credit
<br />Agreement, this Deed of Trust, and the Related Documents.
<br />POSSESSION AND MAINTENANCE OF THE PROPERTY. Trustor agrees that Trotter's possession and use of the Property shall he
<br />governed by the following provisions:
<br />Possession and Use. Until the occurrence of an Event of Default. Truster may (1) remain in possession and control of the Property;
<br />(2) use, operate or manage the Property; and (3) collect the Rents tram the Property.
<br />Duty to Maintain. Trustor shall maintain the Property In good condition and preniptly perform all repairs, replacemeno, and
<br />maintenunee necessary to preserve its value.
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<br />WHEN RECORDED MAIL TO:
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<br />Fin) B SaIFIpOY
<br />State Farm Bank, F.S.B.
<br />77711amr
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<br />7T17Ilatdromrne, Suite 1603
<br />�D�Q�s 61
<br />MaM'�'1a4 57305 0961
<br />Clayton, MO 63105
<br />FOR
<br />RECORDER'S USE ONLY
<br />DEED OF TRUST
<br />MAXIMUM LIEN. The lien of this Deed of Trust shall not exceed at any one time $10,900.00.
<br />THIS DEED OF TRUST is dated January 10, 2003, among JOHN GANNON; a Single Person ( "Trustor "); State
<br />Farm Bank, F.S.B., whose address is Bank Loan Center, One State Farm Plaza, Bloomington, IL 61710
<br />(referred to below sometimes as "Lender" and sometimes as "Beneficiary "); and State Farm Bank, F.S.B.,
<br />whose address is PO Box 419001, St. Louis, MO 63141 (referred to below as "Trustee ").
<br />CONVEYANCE AND GRANT. For valuable consideration, Trustor conveys to Trustee in trust, WITH POWER OF SALE, far the benefit of
<br />Lender us Beneficiary, all of Trustor's right, title, and interest in and to the following described real property, together with all existing or
<br />subsequently erected or affixed buildings, improvements and fixtures; all easements, rights of way, and appurtenances; all water, water
<br />nyhts and ditch rights )including stock in utilities with ditch or irrigation rights); and all other rights, royalties, and profits relating bathe real
<br />property, including without limitation all minerals, oil, gas, geothermal and similar matters, (the Real Property ") located in HALL
<br />County, State of Nebraska:
<br />LOT NUMBERED 26, BLOCK 1, IN KNICKREHM 2ND ADDITION TO THE
<br />CITY OF GRAND ISLAN, HALL COUNTY, NEBRASKA.
<br />The Real Property or its address is commonly known as 103 E 21ST ST, GRAND ISLAND, NE 68801. The
<br />Real Property tax identification number is 400052776
<br />REVOLVING LINE OF CREDIT. Specifically, in addition to the amounts specified In the Indebtedness definition, and without limitation. this
<br />Deed at Trust assume a revolving line of credit, which obligates Lender to make advances to Truster so long as Trustor complies with all
<br />the terms of the Credit Agreement. Such advances may be made, repaid, and remade from time to time, subject to the limitation that the
<br />total outstanding balance owing at any one time, not including finance charges on such balance at a fixed or variable rata or surn as
<br />provided in the Credit Agreement, any temporary averages, other charges, and any amounts expanded or advanced as provided in either
<br />the Indebtedness paragraph or this paragraph, shall not exceed the Credit Limit as provided in the Credit Agreement. It is the intended of
<br />Treater and Lender that this Deed of Trust secures the balance outstanding under the Credit Agreement from time to time from zero up to
<br />the Credit Limit as provided In this Deed of Trust and any intermediate balance.
<br />Truster presently assigns to Lender (also known as Beneficiary in this Deed of Trust) all of Theater's right, title, and interest in and to all
<br />present and future leases of the Property and all Rents from the Property. In addition, Treanor grants to Lender a Uniform Commercial
<br />Code security interest in the Personal Property and Rents.
<br />THIS DEED OF TRUST, INCLUDING THE ASSIGNMENT OF RENTS AND THE SECURITY INTEREST IN THE RENTS AND PERSONAL
<br />PROPERTY, IS GIVEN TO SECURE IA) PAYMENT OF THE INDEBTEDNESS AND (B) PERFORMANCE OF EACH OF TRUSTOR'S
<br />AGREEMENTS AND OBLIGATIONS UNDER THE CREDIT AGREEMENT, THE RELATED DOCUMENTS, AND THIS DEED OF TRUST. THIS
<br />DEED OF TRUST IS GIVEN AND ACCEPTED ON THE FOLLOWING TERMS:
<br />PAYMENT AND PERFORMANCE. Except as otherwise provided in this Ueed of Trust, Trustor shall pay to Lender all amounts secured by
<br />this Deed of Trust as they become due, and shall strictly and in a timely manner perform all of Trustor's obligations under the Credit
<br />Agreement, this Deed of Trust, and the Related Documents.
<br />POSSESSION AND MAINTENANCE OF THE PROPERTY. Trustor agrees that Trotter's possession and use of the Property shall he
<br />governed by the following provisions:
<br />Possession and Use. Until the occurrence of an Event of Default. Truster may (1) remain in possession and control of the Property;
<br />(2) use, operate or manage the Property; and (3) collect the Rents tram the Property.
<br />Duty to Maintain. Trustor shall maintain the Property In good condition and preniptly perform all repairs, replacemeno, and
<br />maintenunee necessary to preserve its value.
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