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<br />FOR RECORDER'S USE ONLY
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<br />
<br />DEED OF TRUST
<br />
<br />MAXIMUM LIEN. The lien of this Deed of Trust shall not exceed at anyone time $55,000.00.
<br />
<br />THIS DEED OF TRUST is dated February 19, 2008, among MARK D. HEMMINGSEN and SHARON A.
<br />HEMMINGSEN; 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 />
<br />CONVEYANCE AND GRANT, For valuable com.ideration, 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
<br />rights and ditch rights (including stock in utilities with ditch or irrigation rights); and all other rights, royalties, and profits relating to the real
<br />property, including without limitation all minerals, oil, gas, geothermal and similar matters, (the "Real Property") located in HAll
<br />County, State of Nebraska:
<br />
<br />THE FOllOWING DESCRIBED REAL ESTATE (AS DEFINED IN NEB. REV. STAT. 76.201) IN HAll
<br />COUNTY,NEBRASKA:
<br />
<br />lOT SIX (6), BLOCK NINETY.FOUR (94), ORIGINAL TOWN, GRAND ISLAND, HAll COUNTY, NEBRASKA
<br />
<br />SUBJECT TO RESTRICTIONS, RESERVATIONS, EASEMENT, COVENANTS, Oil, GAS OR MINERAL
<br />RIGHTS OF RECORD, IF ANY.
<br />
<br />The Real Property or its address is commonly known as 410 EAST DIVISION STREET, GRAND ISLAND, NE
<br />68801. The Real Property tax identification number is 400007673.
<br />
<br />REVOLVING LINE OF CREDIT. This Deed of Trust secures the Indebtedness including, without limitation, a revolving line of credit, which
<br />obligates lender to make advances to Borrower so long as Borrower complies with all the terms of the Credit Agreement. Such advances
<br />may be made, repaid, and remade from time to time, subject to the limitation that the total outstanding balence owing at anyone time, not
<br />including finance charges on such balance at a fixed or variable rate or sum as provided in the Credit Agreement. any temporary overages,
<br />other charges, and any amounts expended or advanced as provided in either the Indebtedness paragraph or this paragraph, shall not
<br />exceed the Credit Limit as provided in the Credit Agreement. It is the intention of Trustor and lender that this Deed of Trust secures the
<br />balance outstanding under the Credit Agreement from time to time from lero up to the Credit Limit as provided in the Credit Agreement
<br />and any intermediate balance.
<br />
<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
<br />present and future leases of the Property and all Rents from the Property. In addition, Trustor grants to Lender a Uniform Commercial
<br />Code security interest in the Personal Property and Rents.
<br />
<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 (AI PAYMENT OF THE INDEBTEDNESS AND (BI 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 />
<br />TRUSTOR'S REPRESENTATIONS AND WARRANTIES, Trustor warrants that: (a) this Deed of Trust is executed at Borrower's request and
<br />not at the request of lender; (b) Trustor has the full power, right, IInd authority to enter into this Deed of Trust and to hypothecate the
<br />Property; (c) the provisions of this Deed of Trust do not conflict with, or result in a default under any agreement or other instrument
<br />binding upon Trustor and do not result in a violation of any law, regulation, court decree or order applicable to Trustor; (d) Trustor has
<br />
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