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i. F statue d Miftadta Deed of Trust 85850--- 1--20 321 - 1298414703 This Deed of Thad ("Security Instrument ") is made on March 17 1989 The trutw is . *Timothy E. Olson and Kristine J. Olson, husband and wife, jointly and each in their own right, ( "Borrower "). The trustee is COMMCIAL FEDERAL SAVINGS AND LOAN ASSOCIATION ("Trustee "). The beneficiary is FIRST FEDERAL SAVINGS AND LOAN ASSOCIATION OF LINCOLN , which is organized and existing. under the laws of The United States of America , and whose address is 1235 "N" 'Street, Lincoln, Nebraska 68508 ( °Lender "). " . WbwsoeNt: That the Borrower in consideration of the deh and trust hereinafter described and trued. and the sum of One Dollar (S I ), to him in hand paid by the Trustee. the receipt of which is hereby acknowledged, does by these presents grant, bargain and sell, convey and confirm. unto the Trustee in trust, with power of sak, forver, all of the following described real esttti�.situated lying and being in the County of Hal ,.sc+dSm of Nebraska, to wit_ Lot Ten (10), in Gilbert's Subdivision of Bloch- .One (1), of Gilbert's Second Addition. to the City of Grand. Island', Hall County, Nebraska which has the address of 1711 North Brea wAl Grand 1 ,shd tsmet► lass,; Nebraska 68801 (zip code) - ( "Property Address "); To Have and To HoM the premises above described, with all the appurtenances thwwrao 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 its successors and assigns, forever. The Borrower reprt>sents to, and convenants with, the Trustee. that the Borrower has good right to sell and convey said premises; that dry are free from encumb and that the Borrower will warrant and defend the w ma against the lawful claims of all persons whomsoever, W.the said Borrower hereby tc'snquishts all rights of homestead, and all marital rigitz. dther in law or in equity, and all other contingent inter of the Borrower in and to the abom dikscribed premises, and intention being to convey hereby-an absolute title. in fee simple. including all r*", of homestead. and other rights and iripam as aforesaid. Provided AJMw%A and these presents are e:s=zed and delivered unto the Trustee. in trust. however for the following purposes. Whereas. tfk Borrower on the 17 W . ,day of tlarch .1989 borrowed from the Lender the sum of T'venty - E Thousaad Two Hundred and no /100 Dollars (S 24200.00 ), for -+tnd i. sum tier. Llr,.ir, V:s has x�� and li the r rro er's r missory no(t of even date. bearing inram:,of the rate of fight an gh y i�a�dre8t�ts 8.& SO %) per annum on the unpaid biplz: ce until Tie tAid principal and interest shall be payable at the office of FIRST FEDERAL SAVINGS AND LOAN ASSOCIA7,10N OF LINCOLN in Lincoln, Nebraska , or at such other place i�; rile in:i6tr of the note may designate im writing, in monthly installments of One Hundred Ninety Two and 64/100 Dollars (S 192.64 ), commencing on the first day of May 19 89. and on the fiat day of i ach month thereafter until the principal and intcen if& Mf+ y paid. except that th ti e W Payment of principal sod interest. if nat sooner rAut. shall be due and payable on the first day of April 2019. This form is used in connir. fon with mortgages insured under the one- to tour - family programs of the Nfitil mg.) Housing Act (including 5actions 203(b) and (i)) which require a One -Time Mdrtgage Insurance Premium payment in accardancekd Zh the regulations for those programs. form HUDA1143- OT.1(3-M edition) Page I of 5 21 CFA 203.11(a)