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<br />RECORDATION REQUESTED BY:
<br />NAFCO NE FEDERAL CREDIT UNION
<br />2115 W. STATE, PO BOX 11508
<br />GRAND ISLAND NE 68802 -1508
<br />WEN RECORDED MAIL TO:
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<br />NAFCO NE WWAL CREDIT UNION
<br />2115 W. STATE, PO BOX #1508
<br />GRAND ISLADN NE 68802 -1508
<br />N/A
<br />SEND TAX NOTICES TO:
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<br />SPACE ABOVE THIS LINE IS FOR RECORDER'S USE ONLY
<br />REVOLVING CREDIT DEED OF TRUST
<br />AMOUNT OF PRINCIPAL INDEBTEDNESS: $ 25, 000.00
<br />THIS DEED OF TRUST IS DATED SEPTEMBER 18, 2001 , among _
<br />LEO N. RAYBURN AND YOLANDA L. RAYBURN, HUSBAND AND WI
<br />whose address Is 1403 HOWARD PLACE GRAND ISLAND NE 68803
<br />(referred to below as "Grantor "); NAFCO NE Federal Credit Union, whose address Is2115 W. STATE, PO BOX 11508, GRAND
<br />Island, NE saao2 150areferred to below sometimes as "Lender" and sometimes as "Beneficiary"), a corporation organized and existing
<br />under the laws of NEBRASKA and
<br />RONALD DFPITF, AT'IYIRNRY , whose address is
<br />Z THE BANK RRILDTNG, 909 W 3R11, GRAND TST Amn, NE 68801 (referred to below as "Trustee ").
<br />1. CONVEYANCE AND GRANT. For valuable consideration, Grantor conveys to Trustee intrust, WITH POWER OF SALE, for the benefit of
<br />Lender as Beneficiary, all of Grantors 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 COUNTY , State of Nebraska (the "Real Property"):
<br />LOT THREE (3), CALVARY SUBDIVISION, CITY OF GRAND ISLAND, HALL COUNTY, NEBRASKA
<br />The Real Property or its address is commonly known as
<br />1403 HOWARD PLACE, GRAND ISLAND NE, 68803
<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 in the Nebraska Uniform Commercial Code.
<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 '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 />Deed of Trust.
<br />Credit Agreement. The words "Credit Agreement" mean the revolving credit agreement dated 09 -18-01 , with a credit limit
<br />in the amount of $ 25,000.00 , 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 09 -18 -11 NOTICE TO GRANTOR: THE CREDIT
<br />AGREEMENT CONTAINS A VARIABLE INTEREST RATE.
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<br />SPACE ABOVE THIS LINE IS FOR RECORDER'S USE ONLY
<br />REVOLVING CREDIT DEED OF TRUST
<br />AMOUNT OF PRINCIPAL INDEBTEDNESS: $ 25, 000.00
<br />THIS DEED OF TRUST IS DATED SEPTEMBER 18, 2001 , among _
<br />LEO N. RAYBURN AND YOLANDA L. RAYBURN, HUSBAND AND WI
<br />whose address Is 1403 HOWARD PLACE GRAND ISLAND NE 68803
<br />(referred to below as "Grantor "); NAFCO NE Federal Credit Union, whose address Is2115 W. STATE, PO BOX 11508, GRAND
<br />Island, NE saao2 150areferred to below sometimes as "Lender" and sometimes as "Beneficiary"), a corporation organized and existing
<br />under the laws of NEBRASKA and
<br />RONALD DFPITF, AT'IYIRNRY , whose address is
<br />Z THE BANK RRILDTNG, 909 W 3R11, GRAND TST Amn, NE 68801 (referred to below as "Trustee ").
<br />1. CONVEYANCE AND GRANT. For valuable consideration, Grantor conveys to Trustee intrust, WITH POWER OF SALE, for the benefit of
<br />Lender as Beneficiary, all of Grantors 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 COUNTY , State of Nebraska (the "Real Property"):
<br />LOT THREE (3), CALVARY SUBDIVISION, CITY OF GRAND ISLAND, HALL COUNTY, NEBRASKA
<br />The Real Property or its address is commonly known as
<br />1403 HOWARD PLACE, GRAND ISLAND NE, 68803
<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 in the Nebraska Uniform Commercial Code.
<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 '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 />Deed of Trust.
<br />Credit Agreement. The words "Credit Agreement" mean the revolving credit agreement dated 09 -18-01 , with a credit limit
<br />in the amount of $ 25,000.00 , 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 09 -18 -11 NOTICE TO GRANTOR: THE CREDIT
<br />AGREEMENT CONTAINS A VARIABLE INTEREST RATE.
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