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r l.� .1 i Stato of Nebraske Deed of Trust FHA Casa No. 321 - 12097063 -503 T%k pad of TmIM, ( "Sf.urity Instrument ") is made on January 27, 89 —. �1 0 Q4 9 19 89 The Irustar it 1 John .1. Ricca Jr. and Sheri L. Rice, Husband And Wife ( "Borrower "). The ttumse Is Ticvte Title insurance Company ( "Trustee "). The beneficiary is Central Mortgage Corporation which is organized and existing under the laws of the states of Michigan . and whose address is 36800 Gratiot, Mt. Clemens, MI 48043 ( "Lender "). WNees"lit That the Borrower in consideration of the debt and trust hereinafter dcnosllr4 and crewed. and the sutra of One Dollar (SI ), to him in hand paid by the Trustee,, the receipt of which is hereby acknowledged, dtv!� by these preserr( grant, bargain and sell, convey 1 and confirm, unto the Trustee. forever. all of the following described real estate, situated lying: and being in the Countil of Hall , and State of Nebraska, td'wit: Lot Three (3), in Block One (1). in Westroads Estates Subdivision, Hall County, Nebraska. ti which has the address of 3424 Schroeder Ave. Grand Island uu «it (dry) Nebraska 68803 ( "Property Address "); (ZO Coal To Hate mill To Hod the premises above described. with all the appurtenances thereunto belonging and including all heating, Plumbing- and lighting fixtures and equipment now or hereafter attached to or used in connection with said real estate unto the Trustee, and to ifs successors and assigns, forever. The Borrower represents to, and covenants with. the Trustee. that the Borrower has good right to sell and` convey said premises; that they are free from 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 homestead, and all marital rights, either in law or in equity, and all other contingent interests of the Borrower in and to the above - described premises, the intention being to convey hereby an absolute title, In fee simple, including all rights of homestead, and other rights and interests as aforesaid.:' ProtrMW Always. and these presents are executed and delivered unto the Trustee. in trust, however for the following purposes: W h Borrower on the 27th . des of January . 19 89 , borrowed from the Lender hems, the Bo Y y � the sum of Sixty three thousand two hundred and 00/100the ----------------- ---------------- --------- -- ------------------------------------------ Dollars (S 63,200.00 ). for which sum the Borrower has executed and delivered to the I:erwkr Borrower's promissory note of even date, bearing interest at the rate of Ten and one half per centum ( 10.50 %) per annum on the unpaid balance until paid. The said principal 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 Five hundred seventy eight and 12/100ths ------------------------------------------------ Dollars (S 578.12 ), commencing on the first day of March . 1989 , and on the first day of each month thereafter until the principal and intrrcu are fully paid. except that the Final payment of principal and interest. if not sooner paid. shall be due and payabk on the first day of February . 20 19 This tort is used in CWWMtXM with mwt{tagao wlawad Wxw, the we to tow t ruty programs of the National Housing Act lrticludmv Sections 203(b) and (4) which togtrito a One•Tlrrle Mortgage MsutwKe prsmKwn pawwrint in Jf co(dance w+th",ey111sliDns for those programs - -_ -_ i- pay„ t of 6 form HM-92143-nT.1 13 -88 Edrtionl w)Al(,4L1 F, r^05 • 1r 3G03 910Q • ifloo,521 7291 24CFR 203.17(1) - - J . � J r�• 4 - L.. -i