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Shft of Nib Uka D1$ d of Trust FNACO "M& 89--o 100280 1321-1288808-703 (b) 7W Dea of Trust ("Security Instrument ") is mado on January 18 19 89 . The trustor is Alan E. Young and Jim. M. Young, Husband and Wif e _____ __ ______ _________ __-- ("borrower ). The tmwe is Commercial Federal Savings and Loan Association ("Trustee'). The beneficiary is Home Federal Savings and Loan Associ.ati,5n of Grand Island , which isocganiaed and existing under the kV$ of Nebraska . and whose address is 221 South Locrtst Grand Island, Nebraska rllMsar n* That the Borrower in oonsideration ottlte debt and trust hereinafter described and created, and the sum of One Dollar ($1), to hie' in hand paid by tie Thnim the receipt of whigb1is hm-by acknowledged, does by ftm p iesmts grant. ba pin and tall, convey and. eon6rck unto ft Trustee in tests/. with power of�sralb, fort w, ail of the fd7owing dexr'bed teat! come.- situated lying and being im the Caning d[. ". Risall , and;8titto of Ndbearsi;a, oo rani¢ Lot thin° . �" �};, . block 1 ?cur (4) u'' � Valle W�sw Subdivision of the North Qna 'Thouis=d" One Y Hundred 'i'bree (1103.0) Feet: of, 'the East: Die Hal£ of the Northeast Quarter (EhNEk) of Section Twexxty Two (22). Township Eleven (11) North, Range Nine (9) West of the 6th P.M., Hall County, Nebraska. The rider to the mortgage attached hereto and executed of even date herewith is incorporated herein and the covenants and agreements of the rider shall amend and supplement the covenants and agreements of this mortgage. "THIS IS A PURCHASE MONEY MORTGAGE" which has the address of 914 South. Chergtt Grand Island l et Nebraska 68801 tztocasru ( "Property Address "): To Have std To Hold the premises above docrribed, with all the appurtenances thereunto belonging and including all heating. plumbing and lighting fixtures and equipment now or boreaftueattached to or used in connection with said real estate unto the Trustm and to its successors _ and ask= forever. 'nee Borrower reprezon; tc,.tuid c mvenants wik fur —a diivc Chit A'I'M In"O 161M -50=1 =01 tO =11 and C==7 SIM premiam that they are free from encumbntnoc and that the Borrower will warrant and defend the same against the lawful cairns of all persons - whomsoever, and the said Borrower hereby religquitlres all rights of homestead, and all marital rights, either in law or in equity, and all other contingent interests of the Borrower in and to tha above - described premises, and intention being to convey hereby an absolute tift in fee simple, - including all dots of homestead, and other rig litg and interests as aforesaid. Provided Always, and tbese presents ace executed and delivered unto the Trustae, in trust. however for the following purposes: Whereas, the Borrower on the 18th, , day of � . .January , )9 89 . borrowed from the Lender the sum of Forty Six Thousand. On.e . Hundred Fifty and no/ 100------------------------------- ----- - --- - ------------- _.:- Douars (S ' . 46,150.00 ), for which stun the Borrower has executed and delivered to fl Ss prrrmissory note of tve� date, bearing interest of the rate of Eight & Sixty Five 8.65 `b) per annum on the unpaid balance until paid. The said principal and interest shall be payablti at+the otlGce of Home Federal Savings and Loan Association 221 South Locust or at such other place as the holder of the note in Grand Island, Nebraska may designate in writing, in monthly installments of Three Hundred Sixty Five and 37/100 ------------------- ;ems --- r---- - - - --- Dollars (s 365.37 ), commencing on the first day of March 19 89, and on the first day of each month the after until the principal and interest are fully paid, except that the final payment of principal and interest, if not sooner paid, shall be due and:payable on the first day of February , 20 17- This form is used in connection withAortgages insured under the one- to tour - family programs of the National Housing Act (including Sections 203(b) and (1)) which refquir i-a One -Time Mortgage Insurance Premium payment in accordance with the regulations for those programs. font NUDA2143- 07.1(3418 edition) Page 1 of S 24 17� ti m