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<br />SPACE ABOVE THIS LINE IS FOR RECORDER'S USE ONt y
<br />
<br />THIS DEED OF TRUST IS DATED 7-6-06
<br />A SINGLE PERSON
<br />whose address 1$ 1124 WEST 11TH STREET, GRAND ISLAND, HE 68801
<br />(referred to below as "Grantor"); NAFCO NE Federal Credit Union, whose lIddress Is 2115 WEST" STATE STREET
<br />ISland, NE 68802- (referred to below sometimes lIS "Lender" and sometimes lIS "Beneficiary"), a corporallon organi2ed and existing
<br />under the laws of NEBRASKA ; and
<br />RONALD DEPUE, ATTORNEY . whose address Is
<br />NORWEST BANK BUILDING, 202 WEST 3RD, GRAND ISLAND, NE 68801 (referred to below lIS "Trustee").
<br />
<br />, among
<br />
<br />JOYCE A TAYLOR
<br />
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<br />' '",,:.,}--J
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<br />REVOLVING CREDIT DEED OF TRUST
<br />
<br />AMOUNT OF PRINCIPAL. INDEBTEDNESS; $
<br />
<br />17986.00
<br />
<br />1. CONVEYANCE AND GRANT. For valuable considerallon, Grantor conveys to Trustee in trust, WITH POWER OF SALE, for the benefit of
<br />Lender as Beneficiary, 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 affixed 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 rights GrantorJater aCQ..uir~jnJhe 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 />
<br />
<br />LOT 6, BLOCK 4, GILBERT'S ADDITION TO THE CITY OF GRAND ISLAND,
<br />HALL COUNTY, NEBRASKA
<br />
<br />The Real Property or its address is commonly known as
<br />GRAND ISLAND
<br />
<br />1124 WEST 11TH STREET
<br />
<br />, NE, 68801
<br />
<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 />
<br />2. DEFINITIONS. The following words shall have the following meanings when used in this Deed of Trust. Terms not otherwise detil18d in this Deed
<br />of Trust shall have the meanings attributed to such terms in the Nebraska Uniform Commercial Code.
<br />
<br />Beneficiary. The word "Beneficiary" means NAFCO NE Federal Credit Union, its successors and assigns. NAFCO NE Federal Credit Union also
<br />is referred to as '-ender" in this Deed of Trust.
<br />
<br />Borrower. The word "Borrower" means each and every person who signs the LOANLlNER~ Home Equity Plan Credit Agreement secured by this
<br />Deed of Trust.
<br />
<br />Credit Agreement. The words "Credit Agreement" mean the revolving credit agreement dated 7-6-06 I with a credit Itmit
<br />
<br />in the amount of $ 17986.00 , between Grantor and Lender, together with all renewals, extensions,
<br />modifications, refinancings, and substitutions 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 7-6-21 NOTICE TO GRANTOR: THE CREDIT
<br />AGREEMENT CONTAINS A VARIABLE INTEREST RATE.
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