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202204941
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Last modified
7/5/2022 11:04:14 AM
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7/5/2022 11:04:13 AM
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DEEDS
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202204941
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WHEN RECORDED, MAIL TO:Trius Federal Credit Union <br />P.O. Box 1329 <br />Kearney, NE 68848 <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 MAY <br />CONTAIN A VARIABLE RATE OF INTEREST. <br />THIS Deed of Trust ("Security Instrument") is made on June 21, 2022 . The Trustor is <br />Christopher L. Young and Faith Young,a married couple <br />("Borrower"). The Trustee is Trius Federal Credit Union <br />("Trustee"). The Beneficiary is Trius Federal Credit Union <br />a corporation organized and existing under the laws of <br />State of Nebraska <br />Trius Federal Credit Union <br />, whose address is <br />PO Box 1329 <br />Kearney, NE 68848 ("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 <br />LOANLINER® Home Equity Plan Credit Agreement and Truth -in -Lending Disclosures made by <br />Borrower and dated the same day as this Security Instrument, and all modifications, amendments, <br />extensions and renewals thereof (herein "Credit Agreement"). Lender has agreed to make <br />advances to Borrower under the terms of the Credit Agreement, which advances will be of a <br />revolving nature and may be made, repaid and remade from time to time. Borrower and Lender <br />contemplate a series of advances to be secured by this Security Instrument. The total outstanding <br />principal balance owing at any one time under the Credit Agreement (not including finance <br />charges thereon at a rate which may vary from time to time, and any other charges and collection <br />costs which may be owing from time to time under the Credit Agreement) shall not exceed <br />fifty six thousand dollars <br />($ 56000.00 ). That sum is referred to herein as the Maximum Principal Balance and <br />referred to in the Credit Agreement as the Credit Limit. On the Final Payment Date, 20 years <br />from the date of this Security Instrument, the entire indebtedness under the Credit Agreement, if <br />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 <br />Security Instrument, with finance charges thereon at a rate which may vary as described in the <br />Credit Agreement. <br />® CUNA Mutual Group, 1991, 2005,11 All Rights Reserved ENE999-E (NE) <br />Page 1 of 7 <br />
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