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State of Nebraska FHA Case No. Deed Of Trust 321 - 1290903 -748 •• " January 26 89--10041 Tlis De(n1 at Trait, ( Secunty Instrument") is made on y � 19 89 . The trustor is Dennis L. Michalski and Carolyn L. Michalski, Husband and Wife (••Borrower "). The trustee is Commercial Federal Savings and Loan Association ( "Trustee "). The beneficiary is Central Mortgage Corporation , whkh is organized and existing ulnft the lap's of the state of Michigan . and whose address is 36800 Gratiot, Mt. Clemens, MI 48043 ( "Lender "). WihereS: That the Borrower in consideration of the debt and trust hereinafter described and created. maul the sum of One Dollar ($I). to him in hand paid by the Trustee, the receipt of which is hereby acknowledged, does by these presents grant, bargain artd sell, convey and confirm, unto the Trustee, forever, all of the following described real estate, situated lying and being in the County of Hall , and State of Nebraska. to wit: ; Lot Six ('6)',. Block Seven (7) , in fiernohan and Decker's Addition to the City of Grand Island, HaLI'County, Nebraska. which has the address of 1516 W. 3rd Grand Island Istr,atl feityl _ Nebraska 68801 ( "Property Address "); CDP coda) To Have ad To HoM Pe pmmises above described. with all the appurtenances thereunto belongingoo d: including all heating, plumbing and lighting fixtures and equipment now or..berafter attached to or used in connection with said, estsze unto the Trustee, and to its sucoessom and assigns. forever. The Borrower represents to. and covenants with, the Trustee. that. & Borrawar has good right to sell and convey said premises; that they are free front encumbrance; and that the Borrower will warrant' and defend the same against the lawful claims of all persons whomsoever; and the said Borrower hereby relinquishes all rights of homesmif, and all marital rights, either in law or'riz equity, and all other contingent interests of the Borrower in and to the above - described premi a. the intention being to convey hereby an absolute title,, in fee simple, including all rights of homestead, and other rights and interests as aforesaid. •. wr Provided Alls"s, and these presents are executed and delivered unto the Trustee, in trust, however for the followiniit3twses: 5 Whereas; t&de Borrower on the 26th , day of January .19 89 . borrowed fuss the Lender the sum of Twenty Two Thousand Six Hundred and 00 /100ths__ --------------- _�_� -- ---- Dollars ($22,600.00 ), for which sum the Borrower has executed and delivered to the Lender Borrower's promissory note of evert' date, bearing interest at the rate of Eight and eiglity eight one hundredths per centum ( 8.88 %) per annum on the unpaid balance until paid: 'Tune said pnoapW and interest shall be payable at the office of Central Mortgage Corporation. in 36800-'Gratiot, Mt. Clemens, MI, '48043 , or at such other place as.the holder of the note may designate. in writing. in monthly installments of. One hundred seventy nine and 90/ 100thal --- -- --- - -- Dollars (S 179.90 ). commencing an the first day of March .19 89 , and on the first day of each month thereafter 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 19 r r;; i This form is used in, ¢onrwtlon with mort9s as Pnsumd undw the one-to fourdamity Programs of the National Housing .Act (inctu; ;actions 203(b) and W ) which repidra a Ora -Tiros Mortgage Insurance Pren iurn paymont in acewdance with the regulations for those Programs. r Page 1 of 5 form HUD•92143-DT.1 f3.88 Union) IC {MEP recd VMPMOWGAGE FORMS • 1313+293 8100 • WOW 24CFR 203.17(al J f` r