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DEED OF TRUST L
<br />MAXIMUM LIEN. The lien of this Deed of Trust shall not exceed at any one time $30,000.00.
<br />THIS DEED OF TRUST is dated June 14, 2002, among THOMAS C REISDORPH and KATHLEEN A O
<br />REISDORPH; as Husband and Wife ( "Truster "); 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, NO
<br />63141 (referred to below as "Trustee ")
<br />CONVEYANCE AND GRANT. For valuable consideration, Trader conveys to Trustee in trust, WITH POWER OF SALE, for the benefit of
<br />Lender be Beneficial all of Trames right, title, and littered In and to the following described real property, together with all existing or
<br />sW seque ay erected or shown buildings, improvements and fixtures; all eiriffni time of way, unit appurtenances ; all water, water films and
<br />ditch rights (including stunk In bul llos with ditch or irrigation rights); and all other rights troubles, and profits relating to the reel property including
<br />whom limitation all minerals. oil, gas particular and similar merge (the "Real Property') located in HALL County, State of
<br />Nebraska:
<br />LOT ELEVEN (11), BLOCK ONE (1), PONDEROSA LAKE ESTATES SUBDIVISION, IN THE CITY OF GRAND
<br />ISLAND, HALL COUNTY, NEBRASKA.
<br />The Real Property or Its address is commonly known as 43 PONDEROSA DRIVE, GRAND ISLAND, NE
<br />66803. The Real Property tax identification number Is 94- 102247
<br />REVOLVING LINE OF CREDIT. Specifically, In addition to the amounts spedlled In the Indebtedness definition, and without limitation,
<br />this Dead of Trust secures a revolving line of credit, which obligates Lender to make advances to Borrower so long as Borrower
<br />complies with all the terms of the credit Agreement. Such advances may be made, repaid, and remade from time to time, subject to the
<br />limitation that the total outstanding balance owing at any one time, not Including finance charges on such balance at a fixed or variable
<br />fate or sum as provided in the Credit Agreement, any temporary overages, other charges, and any amounts expended or advanced as
<br />provided in either the Indebtedness paragraph or this paragraph, shall not exceed the Credit Limit as provided in the Cradd Agreement.
<br />It Is the intention of Tmstor and Lender that this Deed of Trust secures the balance outstanding under the Cradlt Agreement from time to
<br />time from zero Up to the Credit Limit as provided In this Deed of Trust and any intermediate balance.
<br />Trul presently assign to Lender (ulbo known as Beneficiary In His Deed W Trust) all of Trul right title, and Interest in and to all present
<br />and future leases of the Property and all Rents from the Propeny_ In addition, Truster grants to Lender Uniform Commemlel Chia security
<br />Interest In tho general PmPerty 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 />TRUSTOR'S REPRESENTATIONS AND WARRANTIES. Trusbr warrants that (a) this Deed of Trost Is executed at Borrower's request and rot
<br />at the request of Londac, (b) Trusbr has file full power, right and authority to enter Into this boost bl Trust and to hypothecate the Property (o)
<br />Diu provisions of this DOM Of Trust do not conflict with or esult In a default under any agreement or other instrument binding upon Tudor and
<br />on not result In a violation of any law, regulated, abut decree or order applicable to Tmmoq Pit Tmslor has established adequate means of
<br />obtaining from Moro bminulr,g baso Information about Borrower document condition and lo) Lender has made no rars enta lion to
<br />Tricolor alrr Borrower (including Wass function the. creditwathi ss of Borrower).
<br />TRUSTOWS WAIVERS. Truster w all rights or defenses about by reason of any "one action" or anti deficiency law, or any olMr law
<br />which may prevent Lender farm bringing any action sooner Trusbr . including a Cldlm for deficiency to [lie extent Leader Is otherwise smiled to a
<br />claim for dArns ncy, before or aber Lender.. cu Bruluxu c nt or completion of any disclosure action, either judicially or by assured of a power of
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<br />WHEN RECORDED MAIL TO:
<br />State Farm Bank, F.S.B.
<br />P 0 Box 5981
<br />Madison WI 5730.5 -0961
<br />FOR RECORDER'S USE ONLY
<br />DEED OF TRUST L
<br />MAXIMUM LIEN. The lien of this Deed of Trust shall not exceed at any one time $30,000.00.
<br />THIS DEED OF TRUST is dated June 14, 2002, among THOMAS C REISDORPH and KATHLEEN A O
<br />REISDORPH; as Husband and Wife ( "Truster "); 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, NO
<br />63141 (referred to below as "Trustee ")
<br />CONVEYANCE AND GRANT. For valuable consideration, Trader conveys to Trustee in trust, WITH POWER OF SALE, for the benefit of
<br />Lender be Beneficial all of Trames right, title, and littered In and to the following described real property, together with all existing or
<br />sW seque ay erected or shown buildings, improvements and fixtures; all eiriffni time of way, unit appurtenances ; all water, water films and
<br />ditch rights (including stunk In bul llos with ditch or irrigation rights); and all other rights troubles, and profits relating to the reel property including
<br />whom limitation all minerals. oil, gas particular and similar merge (the "Real Property') located in HALL County, State of
<br />Nebraska:
<br />LOT ELEVEN (11), BLOCK ONE (1), PONDEROSA LAKE ESTATES SUBDIVISION, IN THE CITY OF GRAND
<br />ISLAND, HALL COUNTY, NEBRASKA.
<br />The Real Property or Its address is commonly known as 43 PONDEROSA DRIVE, GRAND ISLAND, NE
<br />66803. The Real Property tax identification number Is 94- 102247
<br />REVOLVING LINE OF CREDIT. Specifically, In addition to the amounts spedlled In the Indebtedness definition, and without limitation,
<br />this Dead of Trust secures a revolving line of credit, which obligates Lender to make advances to Borrower so long as Borrower
<br />complies with all the terms of the credit Agreement. Such advances may be made, repaid, and remade from time to time, subject to the
<br />limitation that the total outstanding balance owing at any one time, not Including finance charges on such balance at a fixed or variable
<br />fate or sum as provided in the Credit Agreement, any temporary overages, other charges, and any amounts expended or advanced as
<br />provided in either the Indebtedness paragraph or this paragraph, shall not exceed the Credit Limit as provided in the Cradd Agreement.
<br />It Is the intention of Tmstor and Lender that this Deed of Trust secures the balance outstanding under the Cradlt Agreement from time to
<br />time from zero Up to the Credit Limit as provided In this Deed of Trust and any intermediate balance.
<br />Trul presently assign to Lender (ulbo known as Beneficiary In His Deed W Trust) all of Trul right title, and Interest in and to all present
<br />and future leases of the Property and all Rents from the Propeny_ In addition, Truster grants to Lender Uniform Commemlel Chia security
<br />Interest In tho general PmPerty 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 />TRUSTOR'S REPRESENTATIONS AND WARRANTIES. Trusbr warrants that (a) this Deed of Trost Is executed at Borrower's request and rot
<br />at the request of Londac, (b) Trusbr has file full power, right and authority to enter Into this boost bl Trust and to hypothecate the Property (o)
<br />Diu provisions of this DOM Of Trust do not conflict with or esult In a default under any agreement or other instrument binding upon Tudor and
<br />on not result In a violation of any law, regulated, abut decree or order applicable to Tmmoq Pit Tmslor has established adequate means of
<br />obtaining from Moro bminulr,g baso Information about Borrower document condition and lo) Lender has made no rars enta lion to
<br />Tricolor alrr Borrower (including Wass function the. creditwathi ss of Borrower).
<br />TRUSTOWS WAIVERS. Truster w all rights or defenses about by reason of any "one action" or anti deficiency law, or any olMr law
<br />which may prevent Lender farm bringing any action sooner Trusbr . including a Cldlm for deficiency to [lie extent Leader Is otherwise smiled to a
<br />claim for dArns ncy, before or aber Lender.. cu Bruluxu c nt or completion of any disclosure action, either judicially or by assured of a power of
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