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202403756
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Last modified
8/8/2024 10:40:57 AM
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8/8/2024 10:40:57 AM
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DEEDS
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202403756
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CASH <br />CHEC° Od <br />REFUNDS: <br />CASH <br />CHECK,_____— <br />m= RECORDED <br />� <br />T HALL C� :TU^4TY.NE,, <br />w <br />01 <br />INST 1011 0 3 S b Mil AULT -8 A ID 2b <br />0) <br />WHEN RECORDED, MAIL TO: University of Nebraska Federal Credit Union <br />1720 P Street <br />Lincoln, NE 68508-1740 <br />R`4Ir� i WO <br />LD <br />i 11 f.�Ja•OLD <br />REGISTER OF DEEDS <br />REVOLVING CREDIT DEED OF TRUST <br />TkIS DEED OF TRUST CONTAINS A DUE -ON -SALE PROVISION AND SECURES INDEBTEDNESS <br />UIWER 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 Jul 17, 2024 . The Trustor is <br />Bradley James Mellema and Faith Elaine Mefema, husband and wife, as joint tenants <br />("Borrower"). The Trustee is University of Nebraska Federal Credit Union ("Trustee"). <br />The Beneficiary is University of Nebraska Federal Credit Union , <br />a corporation organized and existing under the laws of United States Federal Credit Union Act <br />, whose address is <br />1720 P Street <br />Lincoln, NE 68508-1740 <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 />FORTY THOUSAND DOLLAR(S) AND NO CENT(S) <br />($ 40.000 OQ ). That sum is referred to herein as the Maximum Principal Balance and <br />referred fo in the Credit Agreement as the Credit Limit. On the Final Payment Date, 17 <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 />®CUNA MUTUAL GROUP, 1991, 2005, 11, ALL RIGHTS RESERVED ENE998-e <br />
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