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RECORDATION REQUESTED BY:
<br />NAFCO NE FEDERAL CREDIT UNION
<br />2115 W. STATE, P.O. BOX 1508
<br />GRAND ISLAND, NE 68802 -1508
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<br />WHEN RECORDED MAIL TO: _
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<br />all NE FEDERAL CREDIT UNION ;K
<br />2115 W. STATE, P.O. BOX 1508
<br />GRAND ISLAND, BE 68802 -1508
<br />SEND TAX NOTICES TO:
<br />n/a 200304654
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<br />SPACE ABOVE THIS LINE IS FOR RECORDER'S USE ONLY
<br />REVOLVING CREDIT DEED OF TRUST
<br />AMOUNT OF PRINCIPAL INDEBTEDNESS: f 32,000.00
<br />THIS O® OF TRUST IS DATED 3 -28 -03 a
<br />GRANT W. HANSEN AND PMELIFS. HANSEN ,HUSBAND _&. WIFE
<br />whose address Is ANII NF ARAn3
<br />(retained to below as "Grantor "): NAFCO BE Federal Credit Union, whom address is 2115 W. 'STATE, P.O. BOX 1508, GRAND
<br />Island, BE 6880235081retemed to below sometimes as 'Lender" and sometimes as "Seneficlary"), a corporation organized and evsling
<br />under the Jaws of NEBRASKA ;and
<br />RONALD DEPUE. ATTORNEY , whose address Is
<br />ZNORWEST BANK BLDG, 202 WEST 3RD, GRAND ISLAND. BE 68801 (referred to below as `Trustee").
<br />1. CONVEYANCE AND GRANT. For valuable consideration, Grantor conveys to Trustee in trust, WITH POWER OF SALE, for the benefit or
<br />Lender as Beneficiary, all of Grantees nght, title, and interest in and to the following described real property, together with all existing c, subsequently
<br />erected or affixed buildings, improvements and futures; all easements, rights of way. and appurtenances: all water, water rights and ditch right
<br />(including stock in ufililies with ditch or irrigation right); and all other right, royalties, and profits relating to the real property, including without limitation
<br />any rghis Grantor later acquires in the hie simple title to the land, subject to a Lease, if any, and all minerals, oil, gas, geothwmal and similar matters.
<br />located in HALL , State of Nebraska (the "Real Property "):
<br />LOT SIX (6), IN SUNSET SIXTH SUBDIVISION, IN THE CITY OF
<br />GRAND ISLAND, HALL COUNTY, NEBRASKA
<br />The Real Property or its address is commonly known as
<br />4146 MASON AVE., GRAND ISLAND, HE 68861— ,NE,
<br />Grantor presently assigns to Lender (also known as Beneficiary in this Dead 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 shell have the following meanings when used in this Dead 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 />Beneficiary. The word "Beneficiary' means NAFCO NE Federal Credit Union, its successors and assigns. NAFCO NE Fetleral Credit 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® Harris Equity Plan Credit Agreement secured by this
<br />Dead of Trust.
<br />Credit Agreement. The words "Credit Agreement" mean the revolving credit agreement dated 3 -28 -03 , with a credit limit
<br />in the amount of S 32,000.00 , between Grantor and Lender, together with all renewals, extensions,
<br />modifications, mfihstmirgs, and subsliludons for the Credit Agreemenl. The maturity dale of this Deed of Trust, which os the date by which all
<br />Indebtedness under the Credit Agreement and this Dead of Trust is due is v —vR —r a NOTICE TO GRANTOR: THE CREDIT
<br />AGREEMENT CONTAINS A VARIABLE INTEREST RATE.
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