|
" RECORDATION REQUESTED BY: � n �
<br /> NAFCO NE FEDERAL CREDIT UNION � �n N ' ` " "�� �'j � �
<br /> y C5�
<br /> t� 3636 West Stolley Park Road = D � � _ � � � �
<br /> �.. P.O.Box 4911 m N � � ...D � � rn
<br /> �, Grand Island,NE 68802-4911 � _ . � ; � _ � -< �, � �
<br /> � � �"`. Ca 'n --s
<br /> � WHEN RECORDED MAIL TO: ? ,wy" � `n ;� �, s-'°y
<br /> ` .., � rn
<br /> � NAFCO NE FEDERAL CREDIT UNION , �' \��'�`'° � :� '� o c�i�
<br /> 3636 West Stolley Park R�ad � t"`"� � r`�-- � W �
<br /> (�`� P.O.Box 4911 -� ;b � � N �
<br /> �� Grand Island,NE 68802-4911 e►� �,�` W ,,,,D' --.7 �
<br /> SEND TAX NOTICES T0: p ca � � �
<br /> n/a q
<br /> SPACE ASOVE THIS LINE IS FOR RECORDERS USE ONLY
<br /> �
<br /> REVOLVING CREDIT DEED OF TRUST '
<br /> �.�/�
<br /> AMOUNT OF PRINCIPAL IND�TEDNESS:S 26,000.00 /�S�
<br /> THIS DEED OF TRUST IS DATED 4-6-98 ,amony Randall J. & Dorothy E. Phipps,
<br /> husband and wife
<br /> whose address is
<br /> (refeRed to below as "Grantor"); NAFCO NE Federol Credit Union, whose address is 3636 West Stolley Partc Road, P.O. Box 4911, Grond
<br /> Island, NE 6a302-4911 (refened to below sometimes as "Lender" and sometimes as "Beneficiary"), a corporation orysni�ed and existin�
<br /> under the taws ot Nebraska ;and
<br /> Old Re ublic National Title Insurence Company, % GI Abstract, Fs�row and ,wlwseaddressis
<br /> Title Company, P.O.Box 627, Grand Island,NE 68802-0627 �reterredtobelowas'Trustee°).
<br /> 1. CONVEYANCE AND GRANT. For valuable consideration, Grantor conveys to Trustee in trust, WITH POWER OF SALE,for th� benefit of
<br /> Lender as Beneflclary,all of Grantors right,title,and interest in and to the following described real property,together with all existing or subsequently
<br /> erected ar aifixed buildings, improvements and flxtures; all easements, nghts of way, and appu�tenances; all water, water rights and ditch nghts
<br /> (including stock in utilities with ditch or irtigation rights);and all other rights,royalties,and profits relating to the real property,including without limita6on
<br /> any his Grantor later acquires in the fee simple title fo the land,subject to a Lease,if any,and all minerals, oil,gas,geothermal and similar matters,
<br />' loca�d in Hall Countv , State of Nebraska (the "Real Property"):
<br /> Lot Eight (8) , Block Two (2) , Brentwood Subdivision in the City of Grand
<br /> Island, Hall County, Nebraska
<br /> The Real Property o� its address is commonly known as
<br /> 3119 jdoodr�d�e Blvd, Grand Island,NE 68801
<br /> ,NE,
<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 i�the Nebraska Uniform Commercial Code.
<br /> Beneflclary. The word"Beneficiary'means NAFCO NE Federal Credit Union,its successors and assigns. NAFCO NE Federal Credit Union aLso
<br /> is referced to as'Lender'in this Deed of Trust.
<br /> Borrower. The word"Borrower"means each and every person who signs the LOANLINER�Home Equity Plan Credit Agreement secured by this
<br /> �eed otTrust. 4-6-98
<br /> Credlt Ayreement. The words"Credit Ayreement"mean the revolving credit agreement dated ,with a credit Ilmit
<br /> in the amount of s 26,000.00 , between Grantor and Lender, together with all renewa�s, extensions,
<br /> modifications, refinancings,and substitufions for the Credit Agreement. The m un date of this Deed of Trust, which is the dete by which all
<br /> Indebtedness under the Gedit Agreement and this Deed of Trust is due is �-�08 . NOTICE TO GRANTOR: T�CREDIT
<br /> AGREEMENT CONTAINS A VARIABLE IHTEREST RATE.
<br />
|