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WHEN
<br />RECIRDED MAIL TO:
<br />Retum ta3S /RealSery
<br />Ms.Steelesofl FOR RECORDER'S USE ONLY
<br />5700 Executive Drive
<br />Baltimore, MD 21228
<br />/4os7- 3oQa-
<br />DEED OF TRUST
<br />MAXIMUM LIEN. The lien of this Deed of Trust shall not exceed at any one time $30,000.00.
<br />0
<br />THIS DEED OF TRUST is dated April 19, 2002, among EUGENE A CONNELLY and MARY ANN CONNELLY, as
<br />Husband and Wife ( "Trustor "); State Farm Financial Services, F.S.B., whose address is Bank Loan Center,
<br />One State Farm Plaza, Bloomington, IL 61710 (referred to below sometimes as "Lender" and sometimes as
<br />"Beneficiary"); and State Farm Bank, F.S.B., whose address is One State Farm Plaza, Bloomington, IL
<br />61702 (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 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 property, 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 TWO (2), IN BLOCK SEVEN (7), IN CLAUSSEN COUNTRY VIEW ADDITION TO THE CITY OF GRAND
<br />ISLAND, HALL COUNTY, NEBRASKA. SUBJECT TO RESTRICTIONS, COVENANTS AND EASEMENTS,
<br />ETC., OF RECORD IF ANY.
<br />The Real Property or its address is commonly known as 907 S VINE ST, GRAND ISLAND, NE 68801. The
<br />Real Property tax identification number is 400031868
<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 Trustor so long as Trustor Complies
<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 Trustor 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 />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 present
<br />and future leases of the Property and all Rents from the Property. In addition, Trustor grants to Lender a Uniform Commercial Code 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 Deed of Trust, Trustor 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. Trustor agrees that Trustor's possession and use of the Property shall be governed
<br />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; (2)
<br />use, operate or manage the Property; and (3) collect the Rents from the Property.
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<br />WHEN
<br />RECIRDED MAIL TO:
<br />Retum ta3S /RealSery
<br />Ms.Steelesofl FOR RECORDER'S USE ONLY
<br />5700 Executive Drive
<br />Baltimore, MD 21228
<br />/4os7- 3oQa-
<br />DEED OF TRUST
<br />MAXIMUM LIEN. The lien of this Deed of Trust shall not exceed at any one time $30,000.00.
<br />0
<br />THIS DEED OF TRUST is dated April 19, 2002, among EUGENE A CONNELLY and MARY ANN CONNELLY, as
<br />Husband and Wife ( "Trustor "); State Farm Financial Services, F.S.B., whose address is Bank Loan Center,
<br />One State Farm Plaza, Bloomington, IL 61710 (referred to below sometimes as "Lender" and sometimes as
<br />"Beneficiary"); and State Farm Bank, F.S.B., whose address is One State Farm Plaza, Bloomington, IL
<br />61702 (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 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 property, 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 TWO (2), IN BLOCK SEVEN (7), IN CLAUSSEN COUNTRY VIEW ADDITION TO THE CITY OF GRAND
<br />ISLAND, HALL COUNTY, NEBRASKA. SUBJECT TO RESTRICTIONS, COVENANTS AND EASEMENTS,
<br />ETC., OF RECORD IF ANY.
<br />The Real Property or its address is commonly known as 907 S VINE ST, GRAND ISLAND, NE 68801. The
<br />Real Property tax identification number is 400031868
<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 Trustor so long as Trustor Complies
<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 Trustor 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 />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 present
<br />and future leases of the Property and all Rents from the Property. In addition, Trustor grants to Lender a Uniform Commercial Code 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 Deed of Trust, Trustor 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. Trustor agrees that Trustor's possession and use of the Property shall be governed
<br />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; (2)
<br />use, operate or manage the Property; and (3) collect the Rents from the Property.
<br />
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