|
DEED OF TRUST
<br />MAXIMUM LIEN. The lien of this Dead of Trust shall not exceed at any one time $20,000.00
<br />THIS DEED OF TRUST is dated May 9, 2003, among PAMELA J ROPTE and RUSSELL D ROPTE; as Wife
<br />and Husband ( "Truster"); State Farm Bank, F.S.B., whose address is Bank Loan Center, One State Farm
<br />Plaza, Bloomington, IL 61710 (referred to below sometimes as "Lender" and sometimes as "Beneficiary ");
<br />and State Farm Bank, F.S.B., whose address is PO Box 419001, St. Louis, MO 63141 (referred to below as
<br />"Trustee ").
<br />CONVEYANCE AND GRANT. For valuable consideration, Truster conveys to Trustee In trust, WITH POWER OF SALE, for the benefit of
<br />Lender as Beneficiary, all of Trustors 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 appunenances; all water, water rights and
<br />ditch rights (including stock in utilities with ditch or Irrigation rights); and all other rights, royalties and profits relating to the real gmperty, including
<br />without limitation all minerals, oil, gas, geothermal and similar matters, (the 'Real Property") located in HALL County, State of
<br />Nebraska:
<br />LOT 9 IN BLOCK 1 OF CAPITAL HEIGHTS FOURTH SUBDIVISION IN
<br />HALL COUNTY, NEBRASKA, BEING A TRACT OF LAND COMPRISING A
<br />PART OF THE SOUTHWEST QUARTER OF SECTION 2, TOWNSHIP 11
<br />NORTH, RANGE 10 WEST OF THE 6TH P.M., IN HALL COUNTY,
<br />NEBRASKA.
<br />The Real Property or its address is commonly known as 4207 MICHIGAN AVE, GRAND ISLAND, NE 68803.
<br />The Real Property tax identification number Is 400153475
<br />REVOLVING LINE OF CREDIT. Specifically, In addition to the amounts specified in the Indebtedness definition, and without limitation,
<br />this Deed of Trust secures a revolving line of credit, which obligates Lender to make advances to Truster so long as Truster ccmplles
<br />with all the terms of the Credit Agreement. Such advances may be made, repaid, and remade from time to time, subject to the limitation
<br />that the total outstanding balance owing at any one time, not including finance charges on such balance at a fixed or variable rate or sum
<br />as provided in the Credit Agreement, any temporary overages, other charges, and any amounts expended or advanced as provided in
<br />either the Indebtedness Paragraph or this paragraph, shall not exceed the Credit Limit as provided In the Credit Agreement. It is the
<br />intention of Truster and Lender that this Deed of Trust secures the balance outstanding under the Credit Agreement from time to time
<br />from zero up to 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 Trustor'a right, title, and interest in and to all present
<br />and future leases of the Property and all Rents from the Property. In addition, Truster grants to Lender a Uniform Commercial Cade security
<br />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 (A) 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 Dead of Trust, Truster shall pay to Lender all amounts secured by this
<br />Deed of Trust as they become due, and shall strictly and in a timely manner perform all of Trustor's obligations under the Credit Agreement, this
<br />Deed of Trust, and the Related Documents.
<br />POSSESSION AND MAINTENANCE OF THE PROPERTY. Truster agrees net Tmstor's possession and use of the Property shall be governed
<br />by the following provisions:
<br />A = 4
<br />ER
<br />2>
<br />p
<br />m
<br />N
<br />h
<br />rn
<br />200306838
<br />m m
<br />s
<br />co Z
<br />N
<br />O
<br />WHEN RECORDED MAIL TO:
<br />ET EN V
<br />Frost mar4wn Equity Led, &Fyk a
<br />e Farm B nk, F.S.S.
<br />P O 1
<br />7777 Bonhoarme, Suite 161
<br />40
<br />M on. 805 -e%1
<br />_
<br />Clayton MO 63105
<br />FOR RECORDER'S
<br />.
<br />USE ONLY `r O
<br />DEED OF TRUST
<br />MAXIMUM LIEN. The lien of this Dead of Trust shall not exceed at any one time $20,000.00
<br />THIS DEED OF TRUST is dated May 9, 2003, among PAMELA J ROPTE and RUSSELL D ROPTE; as Wife
<br />and Husband ( "Truster"); State Farm Bank, F.S.B., whose address is Bank Loan Center, One State Farm
<br />Plaza, Bloomington, IL 61710 (referred to below sometimes as "Lender" and sometimes as "Beneficiary ");
<br />and State Farm Bank, F.S.B., whose address is PO Box 419001, St. Louis, MO 63141 (referred to below as
<br />"Trustee ").
<br />CONVEYANCE AND GRANT. For valuable consideration, Truster conveys to Trustee In trust, WITH POWER OF SALE, for the benefit of
<br />Lender as Beneficiary, all of Trustors 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 appunenances; all water, water rights and
<br />ditch rights (including stock in utilities with ditch or Irrigation rights); and all other rights, royalties and profits relating to the real gmperty, including
<br />without limitation all minerals, oil, gas, geothermal and similar matters, (the 'Real Property") located in HALL County, State of
<br />Nebraska:
<br />LOT 9 IN BLOCK 1 OF CAPITAL HEIGHTS FOURTH SUBDIVISION IN
<br />HALL COUNTY, NEBRASKA, BEING A TRACT OF LAND COMPRISING A
<br />PART OF THE SOUTHWEST QUARTER OF SECTION 2, TOWNSHIP 11
<br />NORTH, RANGE 10 WEST OF THE 6TH P.M., IN HALL COUNTY,
<br />NEBRASKA.
<br />The Real Property or its address is commonly known as 4207 MICHIGAN AVE, GRAND ISLAND, NE 68803.
<br />The Real Property tax identification number Is 400153475
<br />REVOLVING LINE OF CREDIT. Specifically, In addition to the amounts specified in the Indebtedness definition, and without limitation,
<br />this Deed of Trust secures a revolving line of credit, which obligates Lender to make advances to Truster so long as Truster ccmplles
<br />with all the terms of the Credit Agreement. Such advances may be made, repaid, and remade from time to time, subject to the limitation
<br />that the total outstanding balance owing at any one time, not including finance charges on such balance at a fixed or variable rate or sum
<br />as provided in the Credit Agreement, any temporary overages, other charges, and any amounts expended or advanced as provided in
<br />either the Indebtedness Paragraph or this paragraph, shall not exceed the Credit Limit as provided In the Credit Agreement. It is the
<br />intention of Truster and Lender that this Deed of Trust secures the balance outstanding under the Credit Agreement from time to time
<br />from zero up to 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 Trustor'a right, title, and interest in and to all present
<br />and future leases of the Property and all Rents from the Property. In addition, Truster grants to Lender a Uniform Commercial Cade security
<br />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 (A) 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 Dead of Trust, Truster shall pay to Lender all amounts secured by this
<br />Deed of Trust as they become due, and shall strictly and in a timely manner perform all of Trustor's obligations under the Credit Agreement, this
<br />Deed of Trust, and the Related Documents.
<br />POSSESSION AND MAINTENANCE OF THE PROPERTY. Truster agrees net Tmstor's possession and use of the Property shall be governed
<br />by the following provisions:
<br />
|