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RECORDAT,ON REQUESTED BY: NAFCO NE FEDERAL CREDIT UNION 2115 W. STATE STREET P.O. BOX 1508 GRAND ISLAND, NE 68802 WHEN RECORDED MAIL TO: NAFCO NE FEDERAL CREDIT UNION 2115 if STATE STREET P.O. BOX 1508 GRAND ISLAND, NE 68802 _ SEND TAX NOTICES TO: q� 2411 sB�8 %j- REVOLVING CREDIT DEED OF TRUST AMOUNT OF PRINCIPAL INDEBTEDNESS:$ 17,000_00 200302702 THIS DEED OF TRUST IS DATED 5 -10 -02 , among \' ROBERT C BA_RLOW AND BETA A BARLOW RnanAl2n AND W FF whose address Is 624 WEST 16 h GRAND TCT AND NF fiRR01 (retained to below as "Grantor"); NAFCO NE Federal Credit Union, whose address IS2115 W. STATE, P.O.BOX 1508, GRAND Island, NE f a902- (referred to below sometimes as "Lender" and sometimes as "Beneficiary'), a corporation orgenlad and existing under the laws of NEBRASKA ;and RONALD DEPUE, ATTORNEY ,whose address is %NORWEST BANK BLDG 202 WEST 3rd, GRAND ISLAND, NE 68801 (referred to below as -TruMee'). 1. CONVEYANCE AND GRANT. For valuable consideration, Grantor conveys to Trustee In trust, WITH POWER OF SALE, for are benefit of Lender as Beneficiary, all of Grantor's right, title, and interest in and to the following descnbed real property, together with all existing o subsequently erected or affixed buildings, improvements and fixtures: all easements, rights of way, and appurtenances; all water, water rights and ditch rights (including stock in utilities with ditch or irrigation nghts); and all other rights, royalties, and profits relating to the real property, including without limitation any Ints Grantor Later acquires in the fee simple Ntle to the land, Subject to a Lease, it any, and all minerals, oil, gas, geothermal and similar masers. located in BALL COUNTY , State of Nebraska (the "Real Property "): LOT 6, ABRAHANSON 3811 SUBDIVISION, GRAND ISLAND, BALL COUNTY, NEBRASKA The Real Property or its address is commonly known as 674 WEST I NE, AR8O1 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 future losses of the Property. 2. DEFINITIONS. The following words shall have the following meanings when used In this Dead of Trust. Terms not Otherwise defined in this Dead Of Trust shall have the meanings attributed to such terms in the Nebraska Uniform Commercial Code. Beneficiary. The word "Beneficiary' means NAFCO NE Totleral Credit Union, its successors and assigns. NAFCO NE Federal Credit Union also is referred to as fencer' in this Deed Of Trust. Borrower. The wood "Borrower means each and every person who signs the LCANLINER® Home Equity Plan Credit Agreement secured by this Dead of Trust. Credit Agreement. The words "Credit Agreement" mean the revolving credit agreement dated 5 -10 -02 , with a credit limit In the amount of $ 17,00 -0 between Grantor and Lender, together with all renewals, extensions, rhOdifiefiom., refinancings, end substllutions for the Credit Agreement. The maturity date of this Deed of Trust, which is the date by which all Indebtedness under the Credit Agreement and this Dead of Trust is due is 5 -10 -12 _. NOTICE TO GRANTOR: THE CREDIT AGREEMENT CONTAINS A VARIABLE INTEREST RATE. Zo c D N vt rn n CJ q� %j- REVOLVING CREDIT DEED OF TRUST AMOUNT OF PRINCIPAL INDEBTEDNESS:$ 17,000_00 200302702 THIS DEED OF TRUST IS DATED 5 -10 -02 , among \' ROBERT C BA_RLOW AND BETA A BARLOW RnanAl2n AND W FF whose address Is 624 WEST 16 h GRAND TCT AND NF fiRR01 (retained to below as "Grantor"); NAFCO NE Federal Credit Union, whose address IS2115 W. STATE, P.O.BOX 1508, GRAND Island, NE f a902- (referred to below sometimes as "Lender" and sometimes as "Beneficiary'), a corporation orgenlad and existing under the laws of NEBRASKA ;and RONALD DEPUE, ATTORNEY ,whose address is %NORWEST BANK BLDG 202 WEST 3rd, GRAND ISLAND, NE 68801 (referred to below as -TruMee'). 1. CONVEYANCE AND GRANT. For valuable consideration, Grantor conveys to Trustee In trust, WITH POWER OF SALE, for are benefit of Lender as Beneficiary, all of Grantor's right, title, and interest in and to the following descnbed real property, together with all existing o subsequently erected or affixed buildings, improvements and fixtures: all easements, rights of way, and appurtenances; all water, water rights and ditch rights (including stock in utilities with ditch or irrigation nghts); and all other rights, royalties, and profits relating to the real property, including without limitation any Ints Grantor Later acquires in the fee simple Ntle to the land, Subject to a Lease, it any, and all minerals, oil, gas, geothermal and similar masers. located in BALL COUNTY , State of Nebraska (the "Real Property "): LOT 6, ABRAHANSON 3811 SUBDIVISION, GRAND ISLAND, BALL COUNTY, NEBRASKA The Real Property or its address is commonly known as 674 WEST I NE, AR8O1 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 future losses of the Property. 2. DEFINITIONS. The following words shall have the following meanings when used In this Dead of Trust. Terms not Otherwise defined in this Dead Of Trust shall have the meanings attributed to such terms in the Nebraska Uniform Commercial Code. Beneficiary. The word "Beneficiary' means NAFCO NE Totleral Credit Union, its successors and assigns. NAFCO NE Federal Credit Union also is referred to as fencer' in this Deed Of Trust. Borrower. The wood "Borrower means each and every person who signs the LCANLINER® Home Equity Plan Credit Agreement secured by this Dead of Trust. Credit Agreement. The words "Credit Agreement" mean the revolving credit agreement dated 5 -10 -02 , with a credit limit In the amount of $ 17,00 -0 between Grantor and Lender, together with all renewals, extensions, rhOdifiefiom., refinancings, end substllutions for the Credit Agreement. The maturity date of this Deed of Trust, which is the date by which all Indebtedness under the Credit Agreement and this Dead of Trust is due is 5 -10 -12 _. NOTICE TO GRANTOR: THE CREDIT AGREEMENT CONTAINS A VARIABLE INTEREST RATE.