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WHEN RECORDED MAIL TO:
<br />Slate Farm Bank, F.S.B.
<br />DEED OF TRUST _35`l4 I U -
<br />Is-
<br />MAXIMUM LIEN. The lien of this Deed of Trust shall not exceed at any one time $9,000.00, v�
<br />THIS DEED OF TRUST is dated August 29, 2002, among WENDELL M. RING and BARBARA A. RING; as a
<br />Husband and Wife ( "Truster"); State Farm Bank, F.S.B., whose address is Bank Loan Center, One State
<br />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 PO Box 419001, St. Louis, MO 63141
<br />(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 inlities 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 NUMBERED 60 IN CASTLE ESTATES SUBDIVISON, CITY OF GRAND ISLAND, HALL COUNTY,
<br />NEBRASKA.
<br />The Real Property or its address is commonly known as 4024 BUCKINGHAM DRIVE, GRAND ISLAND, NE
<br />68803. The Real Property tax identification number is 400202832
<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 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 />rate or sum as provided in the Credit Agreement, any temporary overages, other charges, and any amounts expanded or advanced as
<br />provided in either the Indebtedness paragraph or this paragraph, shall not exceed the Credit Limit as provided In the Credit Agreement.
<br />It Is the Intention of Trustor and Lender that this Dead of Trust secures the balance outstanding under the Credit 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 />Truster presently assigns to Lender (also known as Beneficiary in this Dead of Trust) all of Trustors 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 Code security
<br />interest in Me Personal Property and Rants.
<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. Truster warrants that: (a) this Deed of Trust is executed at Borrower's request and not
<br />at no request of Lender; (b) Truster has the full power, right, and authority to enter into this Deed of Trust and to hypothecate the Property; (c)
<br />the provisions of this Deed of Trust do not conflict with, or result in a default under any agreement or other instrument binding upon Trustor and
<br />do not result in a violation of any law, regulation, court decree or order applicable to Truster; (d) Truster has established adequate means of
<br />obtaining from Borrower on a continuing basis information about Borrower's financial condition; and (e) Lender has made no representation to
<br />Truster about Borrower (Including without limitation Me creditworthiness of Behavior).
<br />TRUSTOR'S WAIVERS. Truster waives all rights or defenses arising by reason of any "one action' or "anti- deficiency" law, or any other law
<br />which may prevent Lender from bringing any action against Truster, including a claim for deficiency to Me extent Lender is otherwise entitled W a
<br />claim for deficiency, before or after Lender's commencement or completion of any foreclosure action, either judicially or by exercise of a power of
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<br />DEED OF TRUST _35`l4 I U -
<br />Is-
<br />MAXIMUM LIEN. The lien of this Deed of Trust shall not exceed at any one time $9,000.00, v�
<br />THIS DEED OF TRUST is dated August 29, 2002, among WENDELL M. RING and BARBARA A. RING; as a
<br />Husband and Wife ( "Truster"); State Farm Bank, F.S.B., whose address is Bank Loan Center, One State
<br />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 PO Box 419001, St. Louis, MO 63141
<br />(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 inlities 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 NUMBERED 60 IN CASTLE ESTATES SUBDIVISON, CITY OF GRAND ISLAND, HALL COUNTY,
<br />NEBRASKA.
<br />The Real Property or its address is commonly known as 4024 BUCKINGHAM DRIVE, GRAND ISLAND, NE
<br />68803. The Real Property tax identification number is 400202832
<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 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 />rate or sum as provided in the Credit Agreement, any temporary overages, other charges, and any amounts expanded or advanced as
<br />provided in either the Indebtedness paragraph or this paragraph, shall not exceed the Credit Limit as provided In the Credit Agreement.
<br />It Is the Intention of Trustor and Lender that this Dead of Trust secures the balance outstanding under the Credit 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 />Truster presently assigns to Lender (also known as Beneficiary in this Dead of Trust) all of Trustors 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 Code security
<br />interest in Me Personal Property and Rants.
<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. Truster warrants that: (a) this Deed of Trust is executed at Borrower's request and not
<br />at no request of Lender; (b) Truster has the full power, right, and authority to enter into this Deed of Trust and to hypothecate the Property; (c)
<br />the provisions of this Deed of Trust do not conflict with, or result in a default under any agreement or other instrument binding upon Trustor and
<br />do not result in a violation of any law, regulation, court decree or order applicable to Truster; (d) Truster has established adequate means of
<br />obtaining from Borrower on a continuing basis information about Borrower's financial condition; and (e) Lender has made no representation to
<br />Truster about Borrower (Including without limitation Me creditworthiness of Behavior).
<br />TRUSTOR'S WAIVERS. Truster waives all rights or defenses arising by reason of any "one action' or "anti- deficiency" law, or any other law
<br />which may prevent Lender from bringing any action against Truster, including a claim for deficiency to Me extent Lender is otherwise entitled W a
<br />claim for deficiency, before or after Lender's commencement or completion of any foreclosure action, either judicially or by exercise of a power of
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