201607796 - Laserfiche WebLink

Browse

WHEN RECORDED, MAIL TO: Y1.� 5 Fe LA 3q-d(4, SA- c,.A-e_ N 67g° / IrcvA6 (3 I cA r C , REVOLVING CREDIT DEED OF TRUST '1 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 11/10/2016 . The Trustor is KENDRA J BURKHARDT AND COLT A BURKHARDT, WIFE AND HUSBAND ("Borrower"). The Trustee is Centris Federal Credit Union ("Trustee"). The Beneficiary is Centris Federal Credit Union , a corporation organized and existing under the laws of United States Federal Credit Union Act Centris Federal Credit Union , whose address is 11825 Q Street, Omaha, NE 68137 (" 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 ( $25,000.00 . That sum is referred to herein as the Maximum Principal Balance and re erre to In t e redit Agreement as the Credit Limit. On the Final Payment Date, 15 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. ® CUNA MUTUAL GROUP, 1991, 2005, 11, ALL RIGHTS RESERVED ENE998 -e