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<br />12~~d[l~t~~e~, ~~~t~}OODEED OF TRUST
<br />
<br />MAXIMUM LIEN. The lien of this Deed of Trust shall not exceed at anyone time $11,000.00.
<br />
<br />THIS DEED OF TRUST is dated August 6. 2008. among GREGORY J GUSTAFSON and DONNA R
<br />GUSTAFSON; a8 Husband and Wife ("Trustor"); State Farm Bank. F.S.B.. whose address is Bank Loan Center,
<br />One State 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 'a8 "Trustee").
<br />CONVEYANCE AND GRANT. For valuable conlideratlon, Trultor conveys to Trustee In trUlt. WITH POWER OF SALE, for the benefit of
<br />lender e8 Beneficiary, all of Trustor's right, title, and Interest in and to the following described real property, tOQether 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 r1ghtll); and all other rlJ:lhtll, royalties, and profitll relatlnQ to the real
<br />property, including without limitation all minerals, oil, ga8, geothermal and similar matters, (the "Real Property") located in HALL
<br />County, State of Nebraska:
<br />
<br />S"\IIta r ullIl BaliK, r.o.B.
<br />
<br />FOR RECORDER'S U~E ONLY
<br />
<br />pfl-{
<br />
<br />THE FOLLOWING DESCRIBED REAL PROPERTY IN HALL COUNTY, NEBRASKA:
<br />
<br />LOT TWENTY-THREE (23), JEFFREY OAKS FIFTH SUBDIVISION IN THE CITY OF GRAND ISLAND, HALL
<br />
<br />COUNTY. NEBRASKA.
<br />
<br />SUBJECT TO RESTRICTIONS, RESERVATIONS, EASEMENT, COVENANTS, OIL, GAS OR MINERAL
<br />
<br />RIGHTS OF RECORD, IF ANY.
<br />
<br />The Real Property or its address Is commonly known 8S 2121 ATLANTA ST, GRAND ISLAND, NE 68803.
<br />
<br />The Real Property tax identification number is 400374676.
<br />
<br />Trustor presently assigns to Lender (also known as Beneficiary in this Deed of Trust) all of Trustor's right, title, and intere8t 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 Intere8t in the Personal Property and Rent8.
<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 (B) PERFORMANCE OF ANY AND All OBLIGATIONS
<br />UNDER THE NOTE, THE RELATED DOCUMENTS, AND THIS DEED OF TRUST. THIS DEED OF TRUST IS GIVEN AND ACCEPTED ON THE
<br />FOLLOWING TERMS:
<br />
<br />PAYMENT AND PERFORMANCE. Except as otherwise provided in this Deed of Trust, Trustor shall pay to lender all amounts secured by
<br />this Deed of Trust as they become due, and llhall lltrictly and in a timely manner perform all of Trustor's obligations under the Note, thl8
<br />Deed of Trust, and the Related Documents.
<br />
<br />POSSESSION AND MAINTENANCE OF THE PROPERTY, Trustor agrees that Trustor's posllellllion and use of the Property shall be
<br />governed by the following provisions:
<br />
<br />Possession end Use. Until the occurrence of an Event of Default, Trustor may (1) remain in possession and control of the Property;
<br />(2) use, operate or manage the Property; and (3) collect the Rents from the Property.
<br />
<br />Duty to Maintain. Trustor 8hall maintain the Property in good condition and promptly perform all repairs, replacements, and
<br />maintenance necessary to preserve its value.
<br />
<br />Compliance With Environmental lews. Trustor represents and warrant8 to lender that: (1) During the period of Trustor's owner8hlp
<br />of the Property, there has been no use, generation, manufacture, 8torage, treatment, dlsP08al, release or threatened release of any
<br />
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