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<br />Ie Federal Credit Union
<br />State St PO Box 1508
<br />:sland, NE 68802-1508
<br />
<br />
<br />;ORDED MAIL TO:
<br />
<br />fe Federal Credit Union
<br />State St PO Box 1508
<br />:sland, NE 68802-1508
<br />
<br />:::tt:ND no( NOTICES TO:
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<br />SPACE ABOVE THIS LINE IS FOR RECORDER'S USE ONLY
<br />
<br />REVOLVING CREDIT DEED OF TRUST
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<br />AMOUNT OF PRINCIPAL INDEBTEDNESS: $ 26 ,000.00
<br />
<br />THIS DEED OF TRUST IS DATED 7-27-07 ,among
<br />Stephen A. Sander and Tina M. Sander, Husband & Wife
<br />who~~dre~ls 2413 W. Phoenix, Grand Island, NE 68803
<br />(referred to below as "Grantor"); NAFCO NE Federal Credit Union, who~ address Is 2115 W. State St~ PO Box 1508. Grand
<br />Island, NE 68802- 150~eferred to below sometimes as "Lender" and sometimes as "Beneficiary"), a corporation organl2ed and existing
<br />under the laws of Nebraska ; and
<br />Ronald Depue, Attorney , whose addre~ is
<br />PO Box 460, Grand Island, NE 68802 (referred to below lIS "'Trustee").
<br />
<br />1. CONVEYANCE AND GRANT. For valuable consideration, Grantor conveys to Trustee in trust, WITH POWER OF SALE, for the benefit of
<br />Lender lIS Beneflciary, all of Grantor's right, title, and interest in and to the following described real property. together with all existing or subsequentty
<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 Grantor later acquires in the feEt simple tille to the land, subject to a Lease, if any, and all minerals, oil, gas, geothermal and similar matters,
<br />located in Hall , State of Nebraska (the "Real Property"):
<br />
<br />Parkhill Third Subdivision, W 43.37' Lot 3 ahd E 36.63' Lot 4,
<br />Block 11, City of Grand Island, Hall County, Nebraska
<br />
<br />The Real Property or its address is commonly known as
<br />2413 W. Phoenix, Grand Island, NE 68803 ,NE,
<br />
<br />Grantor presently assigns to Lender (also known as Beneficiary in this Deed of Trust) all of Grantor's right, tille, 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 Trusl. Terms not otherwise defined in this Deed
<br />of Trust shall have the meanings attributed 10 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 '1...ender"' in this Deed of Trusl.
<br />
<br />Borrower. The word "Borrowa(' means each and every person who signs the LOANLlNER@ Home Equity Plan Credit Agreement secured by this
<br />Deed of Trusl.
<br />
<br />Credit Agreement. The words "CredIt Agreement" mean the revolving credit agreement dated 7 - 27 -0 7 , with a credIt limit
<br />in the amount of $ 26,000.00 , between Grantor and Lender, together with all renewals, extensions,
<br />modifications, refinancings, and substitutions lor the Credit Agreement. The maturity date of this Deed of Trust, which is the dale by which all
<br />Indebtedness under the Credit Agreement and this Deed of Trust is due is 7-27-2022 . NOTICE TO GRANTOR: THE CREDIT
<br />AGREEMEHT CONTAINS A VARIABLE INTEREST RATE.
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