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<br /> RECORDATION REOUESTED BY: -r"n .
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<br /> NAFCO NE FEDERAL CREDIT UNION = > p � � � D �
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<br /> GRAND ISLAND NE 68802-1129 � � � F° o o � H
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<br /> SPACE ABOVE THIS LINE IS FOR RECORDERS USE ONLY
<br /> REVOLVING CREDIT DEED OF TRUST �o �
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<br /> AMOUNT OF PRINCIPAL INDEBTEDNESS:S 5,100.00
<br /> THIS DEED OF TRUSTIS DATED August 17, 1999 ,amonp FRANCIS W. JOHNSON. JR.
<br /> AND LAURIE K. JOHNSON, HUSBAND AND WIFE
<br /> whose address Is 2128 VIKING PLACE, GRAND ISLAND, NEBRASKA 68803 , .,9
<br /> (referred to below as "Grantor"); NAFCO NE Federal Credit Union, whose address is9bi�6xlKsst�atleSt�ar�cR�O, P.O. Box�, Grand
<br /> Island, NE 68802aw�t (referred to below ao�alim�a as "Lender" and sometimes as "Beneficiary"), a corporotion oryanfzed and existinp
<br /> under the laws of NEBRASKA ;a�
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<br /> 1. CONVEYANCE AND GRANT. For valuable consideration, Grantor conveys to����n trust, WITH POWER OF SALE,for the benefit of
<br /> Lender as Beneflcfary,all of Grantor's right,title,and interest in and to the following described real property,together with all existing or subsequently
<br /> erected or aifixed buildings, improvements and fixtures; all easements, rights of way, and appurtenances; all water, water rights and ditch rights
<br /> (includinp stock in utilities with ditch or irtigation rights);and all other rights,royalties,and profits relating to the real property,including without limitation
<br /> any�9 his Grantor later ac uires in the fee simple title to the land,subject to a Lease,if any,and all minerals, al,gas,geothermal and similar matters,
<br /> located in HALL �oUNTY , State of Nebraska (the "Real Property"):
<br /> LOT SEVEN (7) , BLOCK TWO (2) , IN THE FIRST ADDITION TO THE VILLAGE
<br /> OF CAIRO, HALL COUNTY, NEBRASKA
<br /> The Real Property or its address is commonly known as 511 S. ALEXANDRIA, cAIRO� NE 6A824
<br /> ,NE,
<br /> Grantor presendy assigns to Lender(also known as Beneficiary in this Deed of Trust) all of Grantor's nght, 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 otherwise defined in this Deed
<br /> ot Trust shall have the mesnings attributed to such terms in the Nebraska Uniform Commercial Code.
<br /> Beneflclary. The word"Beneficiary"means NAFCO NE Federal Credit Union,its successors and assigns. NAFCO NE Federal Credft Union also
<br /> is referred to as"Lende�'in this Deed of Trust.
<br /> Bonower. The word"Borrower"means each and every person who signs the LOANLINER�Home Equity Plan Credit AgreemeM secured'by this
<br /> Deed of Trust.
<br /> Credlt A�eement. The words"Crsdit Apreement"mean the revolving credit agreement dated 08-17-99 ,wfth a cxedit limit �
<br /> in the amount of S 5,100.00 , befween Grantor and Lender, together with all renewals,extensions,
<br /> modificetions, refinenCings, and substitutions for the redit Agreement. The maturi1�date of this Deed of Trust, whiCh is the date by which all
<br /> Indebtedness under the Gedft Agreement and this Deed of Trust is due is 08-1/-09 . NOTICE TO GRAt�ITOR: TFE CREDIT
<br /> AGREEMENT CONTAINS A VARIABLE INTEREST RATE.
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