|
WHEN CORDED MAIL TO:
<br />Ro.m t.3S,RW Sery
<br />Ms stxk n
<br />57N a ..til< FOR RECORDER'S USE ONLY
<br />B d...MD212'.8 /gcsi -ri93`
<br />r'9'1
<br />CC
<br />cr)
<br />CFD
<br />IC.
<br />is
<br />rn
<br />C
<br />Z
<br />O ,(
<br />DEED OF TRUST o
<br />MAXIMUM LIEN. The lien of this Deed of Trust shall not exceed at any one time $25,000.00.
<br />THIS DEED OF TRUST is dated August 9, 2002, among GLENDA KAY LUEDERS; a Single Person ( "Trustor ");
<br />State Farm Bank, F.S.B., whose address is Bank Loan Center, One State Farm Plaza, Bloomington, IL 61710
<br />(referred to below sometimes as "Lender" and sometimes as "Beneficiary"); and State Farm Bank, F.S.B.,
<br />whose address is PO Box 419001, St. Louis, MO 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 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 Fourteen (14), Island Acres Number Six (6), a replat of Lots Nineteen (19) and Twenty (20), Island
<br />Acres, City of Grand Island, Hall County, Nebraska.
<br />The Real Property or its address is commonly known as 3120 W 15TH ST, GRAND ISLAND, NE 68803. The
<br />Real Property tax identification number is 400048949
<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 />Duty to Maintain. Trustor shall maintain the Property in good condition and promptly perform all repairs, replacements, and maintenance
<br />necessary to preserve its value.
<br />S
<br />m
<br />D
<br />�+
<br />m (A
<br />C
<br />C1 =
<br />O
<br />n --
<br />S
<br />M
<br />D Z
<br />(n
<br />N
<br />°
<br />O
<br />n
<br />to
<br />^
<br />M
<br />7C
<br />n
<br />t'-
<br />O
<br />O
<br />r'
<br />O T
<br />CD
<br />C)
<br />2
<br />^3
<br />O
<br />o
<br />Z:3
<br />Co
<br />CD
<br />x
<br />~
<br />41
<br />v
<br />CD
<br />Cn
<br />WHEN CORDED MAIL TO:
<br />Ro.m t.3S,RW Sery
<br />Ms stxk n
<br />57N a ..til< FOR RECORDER'S USE ONLY
<br />B d...MD212'.8 /gcsi -ri93`
<br />r'9'1
<br />CC
<br />cr)
<br />CFD
<br />IC.
<br />is
<br />rn
<br />C
<br />Z
<br />O ,(
<br />DEED OF TRUST o
<br />MAXIMUM LIEN. The lien of this Deed of Trust shall not exceed at any one time $25,000.00.
<br />THIS DEED OF TRUST is dated August 9, 2002, among GLENDA KAY LUEDERS; a Single Person ( "Trustor ");
<br />State Farm Bank, F.S.B., whose address is Bank Loan Center, One State Farm Plaza, Bloomington, IL 61710
<br />(referred to below sometimes as "Lender" and sometimes as "Beneficiary"); and State Farm Bank, F.S.B.,
<br />whose address is PO Box 419001, St. Louis, MO 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 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 Fourteen (14), Island Acres Number Six (6), a replat of Lots Nineteen (19) and Twenty (20), Island
<br />Acres, City of Grand Island, Hall County, Nebraska.
<br />The Real Property or its address is commonly known as 3120 W 15TH ST, GRAND ISLAND, NE 68803. The
<br />Real Property tax identification number is 400048949
<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 />Duty to Maintain. Trustor shall maintain the Property in good condition and promptly perform all repairs, replacements, and maintenance
<br />necessary to preserve its value.
<br />
|