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<br />TION REQUESTED BY:
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<br />e Federal Credit Union
<br />State St PO Box 1508
<br />sland, NE 68802-1508
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<br />:sland, NE 68802-1508
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<br />SPACE ABOVE THIS LINE IS FOR RECORDER'S USE ONlY
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<br />IJ REVOLVING CREDIT DEED OF TRUST
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<br />n~MOUNT OF PRINCIPAL INDEBTEDNESS: $ 50,000.00
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<br />"'tHIS DEED OF TRUST IS DATED 3-11-09 ,among
<br />. Larry L. Pointer and Shellie D. Pointer, Husband and Wife
<br />whose address Is 4071 Zola Lane, Grand Island, NE 68803
<br />(referred to below as "Grantor"); NAFCO NE Federal Credit Union, whose address Is 2115 W. State St.. PO Box 1508 Grand
<br />Island, NE 68802-150~eferred to below sometimes as "Lender" and somellmes as "Beneficiary"), a corporation organlzecl and existing
<br />under the laws of Nebraska jand
<br />Ronald Depue. Attorney ,whose address is
<br />PO Box 460 Grand Island. NE 68802 (referred to below as "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 as Beneficiary, all of Granlor's right, tille, and interest in and 10 the following described real property, togelher 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 ri9hts 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 />
<br />Lot 25, R & B 2nd Subdivision, Hall County,
<br />Grand Island, Nebraska
<br />
<br />The Real Property or its address is commonly known as
<br />4071 Zola Lane, Grand Island, NE
<br />
<br />, NE, 68803
<br />
<br />Grantor presently assigns to Lender (also known as Beneficiary in this Deed of Trust) all of Grantor's right, IilJe, 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 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 '1..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 ofTrust.
<br />
<br />Credit Agreement. The words "Credit Agreement" melln the revolving credit llgreement dated 3-11-09 J with a credit limit
<br />In the amount of $ 50,000.00 , between Grantor and Lender, together with all renewals, extensions,
<br />modifications, refinancings, and substitutions for the Credit Agreement. The maturi!)' 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 3-11-24 . NOTICE TO GRANTOR: THE CREDIT
<br />AGREEMENT CONTAINS A VARIABLE INTEREST RATE.
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