|
7?,-f �-ni
<br />WHEN RECORDED MAIL TO:
<br />,,sinus FOR RECORDER'S USE ONLY
<br />r.— .at'Ne /9x.57-Yova
<br />DEED OF TRUST sG
<br />G
<br />MAXIMUM LIEN. The Ilan of this Deed of Trust shall not exceed at any one time $100,000.00.
<br />THIS DEED OF TRUST is dated August 12, 2002, among DELORIS R PRICE A/K/A DELORIS M PRICE and
<br />JAMES E PRICE; as Husband and Wife ( "Trustor "); 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, MO
<br />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 emoted 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 limradon an minerals, oll, gas, geothermal and similar matters, (the "Real Property') located In HALL County, State of
<br />Nebraska:
<br />Lot Thirteen (13), Block One (1), Ponderosa Lake Estates
<br />Third Subdivision, an addition to the City of Grand
<br />Island, Hall County, Nebraska.
<br />Subject to restrictions, covenants and easements, etc., of
<br />record, if any.
<br />The Real Property or its address is commonly known as 172 PONDEROSA CT, GRAND ISLAND, NE 68803
<br />The Real Property tax identification number Is 400364832
<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 s , long as Trustor compiles
<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 expanded 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 Dead 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 Bene dary in this Dead of Trust) all of Trustor's right, life, and interest in and to all present
<br />and future leases of the Property and all Rents from the Property. In addition, Trustor grans 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 />Deal of Trust, and the Related Documents.
<br />POSSESSION AND MAINTENANCE OF THE PROPERTY. Tractor agrees that Trustor's possession and use of the Property shall oe governed
<br />by the following provisions:
<br />O NDI
<br />o
<br />C
<br />on
<br />s
<br />�.
<br />N
<br />r�
<br />A
<br />Z
<br />9
<br />D
<br />O
<br />s $�
<br />'_
<br />m
<br />IT
<br />is
<br />3
<br />0
<br />4+
<br />as
<br />v
<br />o
<br />as
<br />N
<br />N
<br />�
<br />7?,-f �-ni
<br />WHEN RECORDED MAIL TO:
<br />,,sinus FOR RECORDER'S USE ONLY
<br />r.— .at'Ne /9x.57-Yova
<br />DEED OF TRUST sG
<br />G
<br />MAXIMUM LIEN. The Ilan of this Deed of Trust shall not exceed at any one time $100,000.00.
<br />THIS DEED OF TRUST is dated August 12, 2002, among DELORIS R PRICE A/K/A DELORIS M PRICE and
<br />JAMES E PRICE; as Husband and Wife ( "Trustor "); 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, MO
<br />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 emoted 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 limradon an minerals, oll, gas, geothermal and similar matters, (the "Real Property') located In HALL County, State of
<br />Nebraska:
<br />Lot Thirteen (13), Block One (1), Ponderosa Lake Estates
<br />Third Subdivision, an addition to the City of Grand
<br />Island, Hall County, Nebraska.
<br />Subject to restrictions, covenants and easements, etc., of
<br />record, if any.
<br />The Real Property or its address is commonly known as 172 PONDEROSA CT, GRAND ISLAND, NE 68803
<br />The Real Property tax identification number Is 400364832
<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 s , long as Trustor compiles
<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 expanded 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 Dead 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 Bene dary in this Dead of Trust) all of Trustor's right, life, and interest in and to all present
<br />and future leases of the Property and all Rents from the Property. In addition, Trustor grans 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 />Deal of Trust, and the Related Documents.
<br />POSSESSION AND MAINTENANCE OF THE PROPERTY. Tractor agrees that Trustor's possession and use of the Property shall oe governed
<br />by the following provisions:
<br />
|