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REVOLVING CREDIT DEED OF TRUST
<br />THIS DEED OF TRUST CONTAINS A DUE -ON -SALE PROVISION AND SECURES INDEBTEDNESS UNDER A CREDIT AGREEMENT WHICH (�
<br />PROVIDES FOR A REVOLVING LINE OF CREDIT AND MAY CONTAIN A VARIABLE RATE OF INTEREST. JJ
<br />THIS DEED OF TRUST ( "Security Instrument ") is made on June 29 2000
<br />The Trustor is Danny S. O'Brien and Kelly J O' Brien, husband and wife
<br />( "Borrower ").
<br />The Trustee is James R. Ganz ( "Trustee ").
<br />The Beneficiary is Kearney Eaton Employee d al Crckli t- anion
<br />a corporation organized and existing under the laws of United States Fed al redi i- Union Art
<br />whose address is P.O. Box 1478: Kearney, NE 68848
<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 of the LOANLINERO Home Equity
<br />Plan Credit Agreement and Truth -in- Lending Disclosures made by Borrower and dated the same day as this Security
<br />Instrument, and all modifications, amendments, extensions and renewals thereof (herein "Credit Agreement "). Lender has
<br />agreed to make advances to Borrower under the terms of the Credit Agreement, which advances will be of a revolving nature
<br />and may be made, repaid, and 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 one time under the Credit
<br />Agreement (not including finance charges thereon at a rate -which may vary from time to time, and any other charges and
<br />collection costs which may be owing from time to time under the Credit Agreement) shall not exceed thirty two thousand
<br />($ 32,000.00 ). That sum is referred to herein as the Maximum Principal Balance and referred to in the Credit
<br />Agreement as the Credit Limit. On the Final Payment Date, sixteen years from the date of this Security Instrument,
<br />the entire indebtedness under the Credit 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 this Security Instrument, with
<br />finance charges thereon at a rate which may vary as described in the Credit Agreement.
<br />(3) The performance of Borrower's covenants and agreements under this Security Instrument and under the Credit Agreement.
<br />BORROWER irrevocably grants and conveys to Trustee, in trust, with power of sale, the following described property located in the
<br />County of Hal 1 , State of Nebraska:
<br />Lot sixteen (16) R &B Subdivision, Hall County, Nebraska
<br />which has the address of 4020 Patnhwmark Place
<br />(Street)
<br />Grand Island Nebraska 68803 (herein "Property Address ");
<br />(City) (Zip Code)
<br />© CUNA MUTUAL INSURANCE SOCIETY, 1991, ALL RIGHTS RESERVED PAGE 1 ENE996 6849LL
<br />JUL
<br />�C 2 0 2000
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<br />SPACE ABOVE THIS LINE FOR RECORDER'S USE
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<br />REVOLVING CREDIT DEED OF TRUST
<br />THIS DEED OF TRUST CONTAINS A DUE -ON -SALE PROVISION AND SECURES INDEBTEDNESS UNDER A CREDIT AGREEMENT WHICH (�
<br />PROVIDES FOR A REVOLVING LINE OF CREDIT AND MAY CONTAIN A VARIABLE RATE OF INTEREST. JJ
<br />THIS DEED OF TRUST ( "Security Instrument ") is made on June 29 2000
<br />The Trustor is Danny S. O'Brien and Kelly J O' Brien, husband and wife
<br />( "Borrower ").
<br />The Trustee is James R. Ganz ( "Trustee ").
<br />The Beneficiary is Kearney Eaton Employee d al Crckli t- anion
<br />a corporation organized and existing under the laws of United States Fed al redi i- Union Art
<br />whose address is P.O. Box 1478: Kearney, NE 68848
<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 of the LOANLINERO Home Equity
<br />Plan Credit Agreement and Truth -in- Lending Disclosures made by Borrower and dated the same day as this Security
<br />Instrument, and all modifications, amendments, extensions and renewals thereof (herein "Credit Agreement "). Lender has
<br />agreed to make advances to Borrower under the terms of the Credit Agreement, which advances will be of a revolving nature
<br />and may be made, repaid, and 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 one time under the Credit
<br />Agreement (not including finance charges thereon at a rate -which may vary from time to time, and any other charges and
<br />collection costs which may be owing from time to time under the Credit Agreement) shall not exceed thirty two thousand
<br />($ 32,000.00 ). That sum is referred to herein as the Maximum Principal Balance and referred to in the Credit
<br />Agreement as the Credit Limit. On the Final Payment Date, sixteen years from the date of this Security Instrument,
<br />the entire indebtedness under the Credit 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 this Security Instrument, with
<br />finance charges thereon at a rate which may vary as described in the Credit Agreement.
<br />(3) The performance of Borrower's covenants and agreements under this Security Instrument and under the Credit Agreement.
<br />BORROWER irrevocably grants and conveys to Trustee, in trust, with power of sale, the following described property located in the
<br />County of Hal 1 , State of Nebraska:
<br />Lot sixteen (16) R &B Subdivision, Hall County, Nebraska
<br />which has the address of 4020 Patnhwmark Place
<br />(Street)
<br />Grand Island Nebraska 68803 (herein "Property Address ");
<br />(City) (Zip Code)
<br />© CUNA MUTUAL INSURANCE SOCIETY, 1991, ALL RIGHTS RESERVED PAGE 1 ENE996 6849LL
<br />JUL
<br />�C 2 0 2000
<br />
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