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<br />11tis Deed of Trust ("Security Instrument") is made on January 20:
<br />1989 . The trustor is DANIEL L. WELCH AND ANN C. WELCH, husband and wife
<br />( "Borrower "). The trustee is AREND R. BAACK, attorney
<br />( "Trustee "). The beneficiary is
<br />t-07C F=EDERAL SAVINGS AND LOAN ASSOCIATION OF GRAND ISLAND, NEBRASKA ,which is organized andexitting
<br />nassrder.she laws of NEBRASKA . and whose address is 221 South Locust, Grand Island,
<br />Nebreskka 68801 ( "finder•,)'
<br />Witli w&. That the Borrower im; (es?rr+sderatiom of the debt and trust hereinafter descnW and creat4 and the sum of One Dollar ($0. to
<br />him in hand paid by the Trustee, the it c4pt of which is hereby acknowledged. does by these presents grant. bersain and sell, convey and
<br />confirm, unto the Trustee in truest, kkp; ower of sale, forever, all of the following described real estate, situated lying and being in the County of
<br />HALL • , and State of Nebra M to wit: A piece or parcel of land . situated in the North-
<br />east Quarter (NEJ) of SeCirien Twenty One (2i), Tausns'hwa'Eke er E11) North, Range Nine 9) West of
<br />the 6th P.M. and,,' mare patticpl,:ar,ly-, describ.�, as fc.-Ij im4: C"=,,j�mcing at a point Sixt 60)` :iPfBet
<br />due North of tbje~ ('4,rzrtheast ,4bsries. of Lot G;':e (1) b ! lliem Frank A,ddU-ion to the Cite
<br />Islands Nebraska; 'thence rtss ,7i irng .due north cm a Limn Thirty. - three 05 , feet west of the center
<br />ling s f . aiuth Locust Strs7t?t .nr s ,0, City fqr, a di,sttanze of One Hundre�..C].t&)': feet; thent;e running.
<br />J . due mesyt,at right angles catty saifa Locust Stvieet c rl; a dirt :�l.,c:e of.' elgriitW f ve• (85) feet; thc^,e
<br />;rr�nt�imz,due south parallel .,o fit, p sand South 1,acust Street fbr •a distdrce: of (711a. Hundred (1O9) fietj
<br />l tDrce, ra�►ning due East fat a *d st1ance of, E'i:c� ty -f ��: font. (65' )' tp .the Sl e' of beginning.
<br />Exi, e, z, k ,r ,q, a certain tract owned bg the Ci,t!' ,. saf: GRjivS lsIdl idi. State of Nebraska .. as shown in
<br />f��t�-r . �J��= (appraisers rscarded in Book 22, . Vag 9
<br />The rider t the -Aiart a attached he eto a executed of even date herewith iss car orate
<br />herein and h�e_.c�¢v aM a d a reemen s of �ie rider shall amend and supplement `�'e cgvenan s
<br />and.mm & oPals mort-10 ,32- Soutq.Wcust , GranQsland
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<br />Deed of Trust
<br />89`1003 ,95
<br />FHA Cue"
<br />321 - 1292683 -748 (b)
<br />Nebraska 68B%Wc0&►
<br />( "Property Address");
<br />To Have sad To am the aremiras aboveAcscribe& with all the appurtenances thereunto belonging and including all beating, plumbing and
<br />lighting fixtures and equipment now or hereafter attached to or used in connection with said real estate unto the Trustee. and to its suacenoes
<br />and assigns, forever. The Borrower represents to, and convenants with, the Trustm that the Borrower has good right to sell and convey said
<br />premism that they are free from encumbrance; and that the Borrower will warrant and defend the same against the lawful claims of all persons
<br />wborttsoever; and the said Borrower hereby relinquishes all rights of homestead, and all marital rights, either w law or in equity, and all other
<br />eon ingent interests of the Borrower in and to the above described premises, and intention being to convey hereby an absolute title. in fee simple.
<br />including all rights of homestead. and other rights and interests as aforesai3
<br />Ptrorirtad Always, sad these presents are executed and delivered unto the Trustm in trust, however for the foilowi fit purposes:
<br />Whereas, the Borrower on the 20th , day of January .19 89 . borrowed frope the Lender
<br />thesumof FORTY SIX THOUSAND ONE HUNDRED FIFTY AND NO /100 DOLLARS
<br />Dollars (S 46,150.00 ), for which
<br />scum, am Borrower has executed and ddivetel to the Lender Borrower's promissory note of even date, bearing
<br />bas t of the tart of ten per centutn ( 10 %) per annum on the unpaid balance until paid.
<br />The said principal and interest shall be payable at the office of Home Federal Savings and Loan Association of
<br />Grand Island, 221 South Locust,
<br />in Grand Island, Nebraska , or at such other phoe as the holder of the note
<br />may designate in writing, in monthly installments of FOUR HUNDRED FIVE AND NO /100 ---------------------------
<br />Dollus (S 405.00 ). commencing on the first day of march
<br />1989 , and on the first day of each month thereafter until the principal and interest are fully paid. except that the final, payment of principal
<br />sad interest, if not sooner paid, shall be due and payable on the Fast day of February
<br />2019 .
<br />This form Is used in connection with mortgages insured'under the one- to four - family programs of the National Housing Act (including
<br />Sections 203(b) and (i)) which require a One -Time Mdrigage Insurance Premium payment In accordance with the regulations for those
<br />programs.
<br />7
<br />form HU"2143 -DT- 1(348 edition)
<br />Page 1 of 5 24 CFA 203.17(x)
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