|
WHEN RECORDED MAIL TO:
<br />State Farm4ank, F.S.B.
<br />P O'SvoC5961
<br />First American Equity Loan Services
<br />7777 Bonhomme, Suite 1603
<br />DEED OF TRUST
<br />200308978
<br />MAXIMUM LIEN. The lien of this Deed of Trust shall not exceed at any one time $20,000.00.
<br />9LA ,22O
<br />THIS DEED OF TRUST is dated July 1, 2003, among DARRELL G STEINKE and JEANICE M STEINKE; as
<br />Husband and Wife ( "Trustor "); 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 "); and
<br />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, 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, oil, gas, geothermal and similar matters, (the "Real Property") located in Hall
<br />County, State of Nebraska:
<br />Lot Numbered 4 Block 8 in West View Addition to the City of Grand Island, Hall County , Nebraska
<br />The Real Property or its address is commonly known as 818 N CUSTER AVE, GRAND ISLAND, NE 68803.
<br />The Real Property tax identification number is 400119129
<br />REVOLVING LINE OF CREDIT. Specifically, in addition to the amounts specified in the Indebtedness definition, and without limitation, this
<br />Deed of Trust secures a revolving 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 variable rate or 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 Trustor'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 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 Deed 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 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 (1) remain in possession and control of the Property;
<br />(2) use, operate or manage the Property; and (3) collect the Rents from the Property.
<br />Duty to Maintain. Trustor shall maintain the Property in good condition and promptly perform all repairs, replacements, and
<br />maintenance necessary to preserve its value.
<br />L
<br />4r
<br />M
<br />=
<br />r�
<br />-n
<br />C
<br />rn
<br />cn
<br />`-
<br />��
<br />o
<br />C>
<br />n
<br />p
<br />—
<br />z --+
<br />17\3
<br />M>
<br />cn
<br />rn
<br />r--
<br />M
<br />C:D
<br />(�
<br />cn
<br />C�-
<br />O
<br />v ,
<br />O
<br />r-"
<br />� l'1
<br />Z3
<br />CKJ
<br />n
<br />`o
<br />3
<br />CIO
<br />CD
<br />w
<br />cn
<br />w
<br />r-r
<br />Z
<br />0
<br />First American Equity Loan Services
<br />7777 Bonhomme, Suite 1603
<br />DEED OF TRUST
<br />200308978
<br />MAXIMUM LIEN. The lien of this Deed of Trust shall not exceed at any one time $20,000.00.
<br />9LA ,22O
<br />THIS DEED OF TRUST is dated July 1, 2003, among DARRELL G STEINKE and JEANICE M STEINKE; as
<br />Husband and Wife ( "Trustor "); 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 "); and
<br />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, 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, oil, gas, geothermal and similar matters, (the "Real Property") located in Hall
<br />County, State of Nebraska:
<br />Lot Numbered 4 Block 8 in West View Addition to the City of Grand Island, Hall County , Nebraska
<br />The Real Property or its address is commonly known as 818 N CUSTER AVE, GRAND ISLAND, NE 68803.
<br />The Real Property tax identification number is 400119129
<br />REVOLVING LINE OF CREDIT. Specifically, in addition to the amounts specified in the Indebtedness definition, and without limitation, this
<br />Deed of Trust secures a revolving 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 variable rate or 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 Trustor'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 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 Deed 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 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 (1) remain in possession and control of the Property;
<br />(2) use, operate or manage the Property; and (3) collect the Rents from the Property.
<br />Duty to Maintain. Trustor shall maintain the Property in good condition and promptly perform all repairs, replacements, and
<br />maintenance necessary to preserve its value.
<br />L
<br />4r
<br />
|