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DEED OF TRUST r - r , U , /
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<br />MAXIMUM LIEN. The lien of this Deed of Trust shall net exceed at any one time $67,000.00. �:
<br />THIS DEED OF TRUST is dated March 12, 2003, among RAYMOND CHRISTENSEN and RHODA S Ca
<br />CHRISTENSEN; as Husband and Wife ("Trustor"); State Farm Bank, F.S.B., whose address is Bank Loan
<br />Center, One State Farm Plaza, Bloomington, IL 61710 (referred to below sometimes as "Lender" and
<br />sometimes as "Beneficiary"); and State Farm Bank, F.S.B., whose address is PO Box 419001, St. Louis, MO
<br />63141 (referred to below as "Trustee ").
<br />CONVEYANCE AND GRANT. For valuable consideration, Trustor conveys to Trustee in trust, WITH POWER OF SALE, for the benefit of
<br />Lender as 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 />rights and ditch rights (including stock in utilities with ditch or irrigation rights); and all other rights, royalties, and profits relating to the real
<br />property, Including without limitation all minerals, ail, gas, geothermal and similar matters, (the "Real Property") located in HALL
<br />County, State of Nebraska:
<br />LOT 4, SUBDIVISION OF BLOCK 1, VINE HILL SUBDIVISION, CITY OF GRAND ISLAND, HALL COUNTY,
<br />NEBRASKA.
<br />The Real Property or its address is commonly known as 730 S BLAINE ST, GRAND ISLAND, NE 68803. The
<br />Real Property tax identification number is 400103621
<br />REVOLVING LINE OF CREDIT. Specifically, in addition to the amounts specified in the Indebtedness definition, and without limitation, this
<br />Deed of Trusts evolving line of credit, which obligates Lender to make advances to Trustor 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 riable rate o r sum as
<br />provided in the Credit Agreement, any temporary overages, other charges, and any amounts expended 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 intention of
<br />Trustor 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 />Trustor presently assigns to Lender (also known as Beneficiary in this Deed of Trust) all of Tractor'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, Trustor grants to Lender a Uniform Commercial
<br />Code security interest in the Personal Property and flents.
<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 (A) PAYMENT OF THE INDEBTEDNESS AND (B) PERFORMANCE OF EACH OF TRUSTOR'8
<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 Deed of Trust, Trustor shall pay to Lender all amounts secured by
<br />this Deed of Trust as they became 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 Trustor's possession and use of the Property shall be
<br />governed by the following provisions:
<br />Possession and Use. Until the occurrence of an Event of Default, Trustor may (11 remain in possession and control of the Property:
<br />(2) use, operate or manage the Property; and 13) collect the Rents from the Property.
<br />Duty to Maintain. Trustor shall maintain the Property In goad condition and promptly perform all repairs, replacements, and
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<br />WHEN RECORDED MAIL TO:
<br />State R2un Bank, F.S.B.
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<br />£us! +e-iican Equity loan StivYPd
<br />7777 Brunhomme, Suite 1613
<br />DEED OF TRUST r - r , U , /
<br />s
<br />MAXIMUM LIEN. The lien of this Deed of Trust shall net exceed at any one time $67,000.00. �:
<br />THIS DEED OF TRUST is dated March 12, 2003, among RAYMOND CHRISTENSEN and RHODA S Ca
<br />CHRISTENSEN; as Husband and Wife ("Trustor"); State Farm Bank, F.S.B., whose address is Bank Loan
<br />Center, One State Farm Plaza, Bloomington, IL 61710 (referred to below sometimes as "Lender" and
<br />sometimes as "Beneficiary"); and State Farm Bank, F.S.B., whose address is PO Box 419001, St. Louis, MO
<br />63141 (referred to below as "Trustee ").
<br />CONVEYANCE AND GRANT. For valuable consideration, Trustor conveys to Trustee in trust, WITH POWER OF SALE, for the benefit of
<br />Lender as 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 />rights and ditch rights (including stock in utilities with ditch or irrigation rights); and all other rights, royalties, and profits relating to the real
<br />property, Including without limitation all minerals, ail, gas, geothermal and similar matters, (the "Real Property") located in HALL
<br />County, State of Nebraska:
<br />LOT 4, SUBDIVISION OF BLOCK 1, VINE HILL SUBDIVISION, CITY OF GRAND ISLAND, HALL COUNTY,
<br />NEBRASKA.
<br />The Real Property or its address is commonly known as 730 S BLAINE ST, GRAND ISLAND, NE 68803. The
<br />Real Property tax identification number is 400103621
<br />REVOLVING LINE OF CREDIT. Specifically, in addition to the amounts specified in the Indebtedness definition, and without limitation, this
<br />Deed of Trusts evolving line of credit, which obligates Lender to make advances to Trustor 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 riable rate o r sum as
<br />provided in the Credit Agreement, any temporary overages, other charges, and any amounts expended 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 intention of
<br />Trustor 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 />Trustor presently assigns to Lender (also known as Beneficiary in this Deed of Trust) all of Tractor'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, Trustor grants to Lender a Uniform Commercial
<br />Code security interest in the Personal Property and flents.
<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 (A) PAYMENT OF THE INDEBTEDNESS AND (B) PERFORMANCE OF EACH OF TRUSTOR'8
<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 Deed of Trust, Trustor shall pay to Lender all amounts secured by
<br />this Deed of Trust as they became 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 Trustor's possession and use of the Property shall be
<br />governed by the following provisions:
<br />Possession and Use. Until the occurrence of an Event of Default, Trustor may (11 remain in possession and control of the Property:
<br />(2) use, operate or manage the Property; and 13) collect the Rents from the Property.
<br />Duty to Maintain. Trustor shall maintain the Property In goad condition and promptly perform all repairs, replacements, and
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