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RECORDATION RE(lUESTED BY: 7°
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<br /> �AFCO NE FEDERAL CREDIT UNION � a Z n�� � n �' O �
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<br /> AGRAND ISLAND NE 68802-1129 � Z ' m � Z � m 0 �
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<br />� GRAND ISLAND NE 68802-1129 ��� W cn � �,
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<br /> SPACE A80VE THIS LINE IS FOR RECORDERS USE ONLY
<br /> REVOLVING CREDIT DEED OF TRUST
<br /> AMOUNT OF PRINCIPAL INDEBTEDNESS:S 85,176.44 �� �
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<br /> THIS DEED OF TRUST IS DATED December 7, 1999 ,amony TODD D. POPPEN AND
<br /> JENNIFER J. POPPEN HUSBAND AND WIFE
<br /> whose address is 2020 WEST WAUGH. GRAND ISLAND NE 68803 , .,9
<br /> (referred to below as "Grantor"); NAFCO NE Federal Credit Union, whose address is A6tiQ�Qta�st�deyt�P�e�Osd, P.O. Box�, Grand
<br /> Island, NE 68802-it9�9 (referred to below sometimes as "Lender" and sometimes as "Beneficiary"), a corporatlon or�ani�ed and existiny
<br /> under the�aws of NEBRASKA ;and
<br /> TICOR TITLE COMPANY � GI ABSTRACT. ESCROW & TITLE COMPANY ,whose address is
<br /> 113 WEST SECOND STREET. GRAND ISLAND NE 68801 (referred to below as"Trustee").
<br /> 1. CONVEYANCE AND GRANT. For valuable consideration, Grantor conveys to Trustee in trust, WITH POWEFi OF SALE,for the beneHt of
<br /> Lender as BEneflciary,all of Grantors right,title,and interest in and to the following described real property,together with all exisGng or subsequenUy
<br /> erected or atfixed buiidings, improvements and fixtures; all easements, rights of way, and appurtenances; atl water, water rights and ditch rights
<br /> (including stock in utilities with ditch or irrigation rights);and all other rights,royalties,and profits relating to the real property,including without limitation
<br /> any�g hts Grantor later acquires in the fee simple title to the Iand,subject to a Lease, if any,and all minerals, oii,gas,geothermal and similar matters,
<br /> located in HALL COUNTY , State of Nebraska (the "Real Property"):
<br /> LOT 14 & S 1/2 LOT 12, BLOCK 28, HIGHLAND PARK (WOL) , GRAND ISLAND,
<br /> HALL COUNTY, NEBRASKA MORE PARTICULARLY DESCRIBED ON EXHiBIT "A" HERETO ATTACHID
<br /> The Real Property or its address is commonly known as 2020 WEST WAUGH, GRAND ISLAND
<br /> ,NE, 68803
<br /> Grantor presently assigns to Lender(also known as Beneficiary in this Deed of Trust)all of Grantor's right, title,and interest in and to all present and
<br /> future leases of the Property.
<br /> 2. DEFINITIONS. The following words shall have the following meanings when used in this Deed of Trust. Terms not othen�vise defined in this Deed
<br /> of Trust shall have the meanings attributed to such terms in the Nebraska Uniform Commercial Code.
<br /> BeneflCiary. The word"Beneficiar)/'means NAFCO NE Federal Credit Union,its successors and assigns. NAFCO NE Federal Credft Union also
<br /> is referred to as'Lender"in this Deed of Trust.
<br /> Borrower. The word"Borrower'means each and every person who signs the LOANLINER�Home Equity Plan Credit Agreement secured by this
<br /> Deed of Trust.
<br /> Credlt A�reement. The words"Credit Agreement"mean the revolving credit agreement dated 12/07/99 ,with a credit Ifmit
<br /> in the amount of S 85,176.44 , between Grantor and Lender, together with all renewals, extensions,
<br /> modifications, refinancings, and subs6tutions for the Credit Agreement. The maturi date of this Deed of Trust, wh�ch is the date by which all
<br /> Indebtedness under the Gedit Agreement and this Deed of Trust is due is 12-0�-09 . NOTICE TO GRANTOR: TFIE CRmIT
<br /> AGREEMEHT CONTAINS A VARIABLE INTEREST RATE.
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