201401247 - Laserfiche WebLink

Browse

m - n z n O _ r m tit SPACE ABOVE THIS LINE FOR RECORDERS USE REVOLVING CREDIT DEED OF TRUST THIS DEED OF TRUST CONTAINS A DUE -ON -SALE PROVISION AND SECURES INDEBTEDNESS UNDER A CREDIT AGREEMENT WHICH PROVIDES FOR A REVOLVING LINE OF CREDIT AND MAY CONTAIN A VARIABLE RATE OF INTEREST. THIS DEED OF TRUST ( "Security Instrument ") is made on February 26, 201 4 The Trustor is ,Terem T. Hoffman, a single person ( "Borrower "). The Trustee is _Central NPhraska FPdara1 r'rpdit Union ( "Trustee "). The Beneficiary is Cent ra 1 Nebraska Federal Credi 1 - fin i nn a corporation organized and existing under the laws of Nebraska whose address is 609 S _ Locust, Grand Island, NF 68801 ( "Lender "). IN CONSIDERATION of the indebtedness herein recited and the trust herein created; TO SECURE to Lender: (1) The repayment of all indebtedness due and to become due under the terms and conditions of the LOANLINER® Home Equity Plan Credit Agreement and Truth -in- Lending Disclosures made by Borrower and dated the same day as this Security Instrument, and all modifications, amendments, extensions and renewals thereof (herein "Credit Agreement "). Lender has agreed to make advances to Borrower under the terms of the Credit Agreement, which advances will be of a revolving nature and may be made, repaid, and remade from time to time. Borrower and Lender contemplate a series of advances to be secured by this Security Instrument. The total outstanding principal balance owing at any one time under the Credit Agreement (not including finance charges thereon at a rate which may vary from time to time, and any other charges and collection costs which may be owing from time to time under the Credit Agreement) shall not exceed Ten Thousand dollars and no cents ($ 10,000.00 ). That sum is referred to herein as the Maximum Principal Balance and referred to in the Credit Agreement as the Credit Limit. On the Final Payment Date, 5 years from the date of this Security Instrument, the entire indebtedness under the Credit Agreement, if not paid earlier, is due and payable. (2) The payment of all other sums advanced in accordance herewith to protect the security of this Security Instrument, with finance charges thereon at a rate which may vary as described in the Credit Agreement. (3) The performance of Borrower's covenants and agreements under this Security Instrument and under the Credit Agreement. BORROWER irrevocably grants and conveys to Trustee, in trust, with power of sale, the following described property located in the County of Hall , State of Nebraska: Packer & Barr's Second Add Lt 9 Blk 23 which has the address of 211 wa 1 r1 AVP (street) , Nebraska 68803 -< ct cT ,y, c , ,i ,> - G11 ▪ 0 al • o —+ C Ta. Z _73 --4 r _- r ry 1 rri C.0 UT 3'V 6 0 Grand Island l itvl (Zip Code) ® CUNA MUTUAL INSURANCE SOCIETY, 1991, 2001, ALL RIGHTS RESERVED PAGE 1 ENE997 (herein "Property Address ");