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I State of Nebraska Deed of TruStRE. RECORDED .r,A,,,,,,.. _ �}
<br />89-- 100280 89-- 100653 321- 1288808 -703 (b)
<br />716 Deed of Thud d ("Security Instrument') is made on January 18
<br />19 89 The trttstoris Alan E. Young and Jan M. Young, Husband and W:Lfe
<br />----------------------------- - - - - -- ( "Borrower "). The trustee is Commercial Federal Savings and
<br />Loan Association ("Trustee "). The beneficiary is
<br />Home Federal Savings and Loan Association of Grand Island , which is organized and exiMn8
<br />under the laws of Nebraska , and whose address is 221 South Locust
<br />Grand Island, Nebraska ( "Lender ").
<br />Wilsey ffm 'chat the Borrower in consideration of the debt and trust hereinafter described arddi cxeatod, and the sum of One Dollar (S I), to
<br />him in hand paid by the Trustee, the receipt of which is beceby acknowledged, does by these rjeswr, grant, bppin and sell, convey and
<br />confirm, unto the Trustee in tnssL with power of sale, forever, all of the following described remit tesute situawd lying and being in the county of
<br />Hall , and State of Nebraska, to wit:
<br />Lot Nine (9), Block Four (4), in Valley View Subdivision of the North One Thousand One
<br />Hundred Three (1103.0) Feet of the East One Half of the Northeast Quarter (E'hM) of
<br />Section Twenty Two (22), Township Eleven (11) North, Range Nine (9) West of the 6th P.M.,
<br />Hall County, Nebraska.
<br />The rider: to the tirortga.ge attached hereto and, executed of even date herewith is incorporated
<br />herein and the-' co veaa is and agreements of the rider shall amend and supplement the covepants
<br />and agreements irfw this mortgage.
<br />"THIS IS A PURCHASE MONEY MORTGAGE"
<br />wbkb has the ad&= of 914 South Chem,) Grand Island totyl ,
<br />Nebraska 68801 (Zip Code) ( "Property Address "):
<br />To Have amd To HeM the premises above deso be& wi* all the appurtenances thereunto belonging and including all hea hg, plumbing and
<br />lighting fixtures and equipment now or hereafter amoctsed to or used in connection with said real ' unto the Trustee. and to its suootxsum
<br />and assigns. forever. The Borrower represents to, sad amvenants with, the Trusts, that the Borrower has good light to sell and convey said.
<br />premier that they an free from encumbrance. and that the Borrower will warrant and defend the same against the lawful claims of all persm
<br />wboanoever; and the laid Borrower hereby reliaqueshm all rights of homestead, and all marital rights. either in law or in equity, and all other
<br />eontiWnt iatetesm of the Borrower in and to the above- descnibed premises, and intention behq.zo convey hereby an absolute title, in fee; stole.
<br />indud og alt rights of homestead, and other rights and interests as aforesaid.
<br />Provided Always, and these presents are executed and delivered unto the Trustee, in mist, however for the following purposes:
<br />Whereas, the Borrower on the 18th , day of January , 19 89 . bwrc *-eel from the Lender
<br />tht sum of Forty Six Thousand One Hundred Fifty and no /100----- -- - - -= _ -- - --
<br />- -- ---------- - - - - -- - --- -- Dollars (S 46,150.00 ), fcF which
<br />sum the Borrower has executed and delivered to the wer s promissory note of even date, bearing
<br />interest of the rate of Eight & Sixty Five�s�s 8.65) 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
<br />221 South Locust
<br />in Grand Island, Nebraska , or at such other
<br />place u,the holder of tfbc note
<br />may ate in writing, in monthly installments of Three Hundred Sixty Five' 4nd 37/100---- - - - - -- - --
<br />-- Doffars (S 3 65.37 1, commencing Ga tits fust day of March
<br />19 .89, and on the fitu-*y of each month thereafter irukr7 the vffirdpd and interest are fully pa4 except that the final payment of principal,
<br />and interest, if not sooner paid, shall be due and payab!&-on the f-.rk day of February
<br />20 17.
<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 (1)) which require a One -Time Mortgage Insurance Premium payment in accordance with the regulations for those
<br />programs.
<br />Page t of 5
<br />form HUD- 42143.DL1(3 -88 edition)
<br />24 CFH 203.17
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