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201508843
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Last modified
5/17/2016 12:56:32 PM
Creation date
12/31/2015 11:40:13 AM
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DEEDS
Inst Number
201508843
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WHEN RECORDED, MAIL TO: <br />23 <br />9 i <br />REVOLVING CREDIT DEED OF TRUST <br />THIS DEED OF TRUST CONTAINS A DUE -ON -SALE PROVISION AND SECURES INDEBTEDNESS <br />UNDER A CREDIT AGREEMENT WHICH PROVIDES FOR A REVOLVING LINE OF CREDIT AND <br />MAY CONTAIN A VARIABLE RATE OF INTEREST. <br />THIS DEED OF TRUST ( "Security Instrument ") is made on 12/9/2015 . The Trustor is <br />ANDREW J TIMMERMAN, A SINGLE PERSON <br />( "Borrower "). The Trustee is Centris Federal Credit Union ( "Trustee "). <br />The Beneficiary is Centris Federal Credit Union , <br />a corporation organized and existing under the laws of United States Federal Credit Union Act <br />Centris Federal Credit Union , whose address is <br />11825 Q Street, Omaha, NE 68137 <br />("Lender"). <br />IN CONSIDERATION of the indebtedness herein recited and the trust herein created; <br />TO SECURE to Lender: <br />(1) The repayment of all indebtedness due and to become due under the terms and conditions <br />of the LOANLINER Home Equity Plan Credit Agreement and Truth -in- Lending Disclosures <br />made by Borrower and dated the same day as this Security Instrument, and all <br />modifications, amendments, extensions and renewals thereof (herein "Credit Agreement "). <br />Lender has agreed to make advances to Borrower under the terms of the Credit <br />Agreement, which advances will be of a revolving nature and may be made, repaid and <br />remade from time to time. Borrower and Lender contemplate a series of advances to be <br />secured by this Security Instrument. The total outstanding principal balance owing at any <br />one time under the Credit Agreement (not including finance charges thereon at a rate <br />which may vary from time to time, and any other charges and collection costs which may <br />be owing from time to time under the Credit Agreement) shall not exceed <br />( 520,000.00 . That sum is referred to herein as the Maximum Principal Balance and <br />re erre to in a redit Agreement as the Credit Limit. On the Final Payment Date, 15 <br />years from the date of this Security Instrument, the entire indebtedness under the Credit <br />Agreement, if not paid earlier, is due and payable. <br />(2) The payment of all other sums advanced in accordance herewith to protect the security of <br />this Security Instrument, with finance charges thereon at a rate which may vary as <br />described in the Credit Agreement. <br />(3) The performance of Borrower's covenants and agreements under this Security Instrument <br />and under the Credit Agreement. <br />0 CUNA MUTUAL GROUP, 1991, 2005, 11, ALL RIGHTS RESERVED ENE998 -e <br />
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