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RECORDATION REQUESTED BY:
<br />AFCO NE FEDERAL CREDIT UNION
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<br />115 W. STATE, PO BOX #1508
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<br />RAND ISLAND NE 68802 -1508
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<br />WHEN RECORDED MAIL TO:
<br />FCO NE FEDERAL CREDIT UNION
<br />15 W. STATE, PO BOX #1508
<br />AND ISLAND NE 68802 -1508
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<br />SEND TAX NOTICES TO:
<br />200208357
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<br />SPACE ABOVE THIS LINE IS FOR RECORDERS USE ONLY
<br />REVOLVING CREDIT DEED OF TRUST
<br />AMOUNT OF PRINCIPAL INDEBTEDNESS: S 22, 250.00
<br />THIS DEED OF TRUST IS DATED MAY 10, 2002 , among \_ v
<br />LEO N. RAYBURN AND YOLANDA L. 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 2115 W. STATE, PO BOB #1508, GRAND
<br />Island, NE 66602- 1508reterred to below sometimes as "Lender" and sometimes as 'Beneficiary"), a corporation organized and existing
<br />under the laws of NEBRASKA ; and
<br />RON DEPUE, ATTORNEY , whom address is
<br />% THE BANK BUILDING, 202 W 3RD, GRAND ISLAND NE 68801 (referred to below as - Trustee ").
<br />t. CONVEYANCE AND GRANT. For valuable consideration, Grantor conveys to Trustee in trust, WITH POWER OF SALE, for the benefit of
<br />Lender as Beneficiary, allot Grantor's right, fitle, and interest in and to the fallowing described real property, together with all existing or subsequently
<br />erected or affixed buildings, improvements and Postures; 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 properly, including without limitation
<br />any n9hts Grantor later acquires in the fee simple title to the land, subject to a Lease, if any, and all minerals, oil, gas, geothermal and similar matters,
<br />located in HALL COUNTY , State of Nebraska (the "Real Property "):
<br />LOT THREE (3), CALVARY SUBDIVISION, TO THE CITY OF GRAND ISLAND, HALL COUNTY, NEBRASKA
<br />The Real Property or its address is commonly known as
<br />1403 HOWARD PLACE, GRAND ISLAND 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 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 wad Beneficiary' means NAFCO NE Federal Credit Union, its successors and assigns. NAFCO NE Federal Credit Union also
<br />is referred to as'LendeP in this Deed of Trust.
<br />Borrower. The wad BorroweP means each and every person who signs the LOANLINER® Home Equity Plan Credit Agreement secured by this
<br />Deed of Trust.
<br />Credit Agreement. The words "Credit Agreement" mean the revolving credit agreement dated 05 -10 -02 , with a credit limit
<br />in the amount of $ 22,250.00 , between Grantor and Lender, together with all renewals, extensions,
<br />modifications, refinancings, and subsfitutions for the Credit Agreement. The maturity date of this Deed of Trust, which is the date by which all
<br />Indebtedness under the Credit Agreement and this Deed of Trust is due is 05 -10 -2012 NOTICE TO GRANTOR: THE CREDIT
<br />AGREEMENT CONTAINS A VARIABLE INTEREST RATE.
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