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<br />iJ"E FEDERAL CREDIT UNION =-- 1: ~ 0 ~_",J .~".. "I _.~ r"0 :::0
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<br /> State St PO Box 1508 ~ n c.n ! ~.,~ (I... CD -< c::J 0
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<br />[sland, NE 68803 r"0 0 -ll c:::J
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<br />NE FEDERAL CREDIT UNION c:
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<br />Island, NE 68803 ....c ........---... ~
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<br />X NOTICES TO:
<br />
<br />N/A
<br />
<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: $ 30,000.00
<br />
<br />THIS DEED OF TRUST IS DATED 1-17 -0 8 , among
<br />D. Wayne Davis and Jody L. Davis, husband and wife
<br />whoseacldressls 917 E. Sunset, Grand Island, NE 68801
<br />
<br />(referred to below lIS "Grantor"); NAFCO HE Federal Credit Union, whose address is
<br />Island, NE 68802- (referred to below sometimes lIS "Lender" and sometimes as "Beneficiary"), a corporation orgmll2ed and existing
<br />under the laws of Nebraska ; and
<br />Ronald Depue, Attorney ,whose address Is
<br />308 N. Locust, Suite SOl, Grand Island, NE 68801 (reterredto 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 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 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 , State of Nebraska (the "Real Property"):
<br />
<br />Lot Nine (9), Block Three (3), Pleasant View Seventh
<br />Subdivision, City of Grand Island, Hall County, Nebraska
<br />
<br />The Real Property or its address is commonly known as
<br />917 E. Sunset, Grand Island, NE 68801
<br />
<br />, NE,
<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 othelWise defined 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 l..ender" in this Deed of Trust.
<br />
<br />Borrower. The word "Borrower" means each and every person who signs the LOANLINER@ Home Equity Plan Credit Agreement secured by this
<br />Deed oITrust.
<br />
<br />Credit Agreement. The words "Credit Agreement" mean the revolving credit agreement dated 1-17-08 , with a credit limit
<br />in the amount of $ 30,000.00 , between Granlor 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 1-17-2023 . NOTICE TO GRANTOR: THE CREDIT
<br />AGREEMENT CONTAINS A VARiABlE INTEREST RATE.
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