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<br /> RECORDATION RE(1UESTED BY: �
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<br /> GRAND ISLAND, NE 68802 � = rn �, �
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<br /> SENDTAXNOTICESTO: 99 i1084w
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<br /> SPACE ABOVE THIS LINE IS FOR RECORDER'S USE ONLY �d
<br /> REVOLVING CREDIT DEED OF TRUST
<br /> AMOUNT OF PRINCIPAL INDEBTEDNESS:S 7,300.00
<br /> THIS DEED OF TRUSTIS DATED October 15, 1999 ,amony LEO N. RAYBURN AND YOLANDA L.
<br /> RAYBURN, HUSBAND AND WIFE
<br /> whose address is 1403 HOWARD PLACE, GRAND ISLAND NE 68803 , , .,
<br /> (referred to below as "Grantor"); NAFCO NE Federal Credit Union, whose address is ���Stdpl�y��, P.O. Box xl�9, G anr d
<br /> Island, NE 68802-�z(referred to below sometimes as "Lender" and sometimes as "Beneficiary"), a corporotlon orpaniaed and existing
<br /> under the laws of NEBRASKA ;and
<br /> ,whose address is
<br /> (retened to below as"Trustee"►.
<br /> 1. CONVEYANCE ANO GRANT. For valuable consideration, Grontor conveys to Trustee in trust, WITH POWER OF SALE,for the benefit of
<br /> Lender as Beneflcfary,all of Grantors right,title,and interest in and to the following described real property,together with all existing or subsequendy
<br /> erected or aifixed buildings, improvements and fixtures; all easements, rights of way, and appurtenances; all 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 tiile to the land,subject to a Lease, if any,and all minerals, al,gas,geothermal and similar matters,
<br /> located in HALL COUNTY , State of Nebraska (the "Real Property"):
<br /> LOT THREE (3) , CALVARY SUBDIVISION, CITY OF
<br /> GRAND ISLAND, HALL COUNTY, NEBRASKA
<br /> The Real Property or its address is commonly known as 1403 HOWARD PLACE, GRAND ISLAND
<br /> ,NE, 68803
<br /> Grantor presently assigns to Lender(also known as Beneficiary in this Deed of Trust)aIl 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 otherwise 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"BeneficiarY'means NAFCO NE Federal Credit Union, its successors and assigns. NAFCO NE Federal Credit Union also
<br /> is refeRed to as"Lende�'in this Deed of Trust.
<br /> BoROwer. The word"Borrower'means each and every person who signs the LOANLINER�Home Equity Plan Credit Agreement secured by this
<br /> Deed oi Trust.
<br /> Credlt Ayreement. The words"Credit AyreemenY'mean the revolving credit agreement dated 10-13-99 ,wlth a crcdit limit
<br /> in the amount of s 7,300.00 , between Grantor and Lender, together with all renewals, exte�uions,
<br /> modifications, refinancings, and substitu6ons for the Credit Agreement. The maturity date of this Deed of Trust, which is the date by which aIl
<br /> Indebtedness under the Gedit Agreement and this Deed of Trust is due is 10-13-09 . NOTICE TO GRANTOR: THE CRm1T
<br /> AGREEMENT CONTAINS A VARIABLE INTEREST RATE.
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