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<br />State of Nebraska
<br />89-- 101538
<br />Deed of Trust
<br />GHA Git No _ — - --
<br />L 321- 1305970 -703
<br />This Deed of Tnut ( "Security Instrument ") is made on MARCH 01,
<br />19 89 . The trustor is KEVIN C. MCKENNON AND CAROL J. MCKENNON, HUSBAND AND WIFE
<br />COMMERCIAL FEDERAL SAVINGS AND LOAN (Adl trustee is
<br />NORWEST "BANK NEBRASKA, NATIONAL ASSOCIATION ( "Trustee "). The beneficiary is
<br />which is organized and existing
<br />under the laws of THE UNITED STATES OF AMERICA and whose address is
<br />202 WEST THIRD STREET, GRAND ISLAND, NEBRASKA 68801 ("Lender*):.
<br />Witness That the Borrower in consideration of the debt and trust hereinafter described and srr�ted, arrsi`i91fi'#S it of One Dollar ($I ), to
<br />him in hand paid by the Trustee. the receipt of which is hereby acknowledged, does by these primxj-,:gt4 ba rjgA and sell. convey and
<br />confirm, unto the Trustee in test, with pour of sale: forever, all of the following described teat eMatit; situated lyiii� and being in the County of
<br />HALL , and State of Nebraska, to wit:
<br />LOT SIXTEEN (16), AND THE EASTERLY EIGHT (8) FEET OF LOT FIETJs'ET {i5 } „ :.iIJ BLOCK ONE (1),
<br />IN BEL AIR ADDITION TO THE CITY OF GRAND ISLAND, HALL CQUI1'1;'>' f, `j E'Bll, SFLL;
<br />"THIS IS A PURCHASE MONEY MORTGAf�'1;'r .
<br />THE RIDER TO THE DEED OF TRUST ATTACHED HERETO AND EXEr;,13 1% f3F EVEN DATE HEREWITH IS
<br />INCORPORATED HEREIN AND THE COVENANTS AND AGREEMENTS, T0..'rflE-`R.LDER SHALL AMEND AND
<br />SUPPLEMENT THE COVENANTS AND AGREEMENTS OF THIS DEED O . "4jsT-..
<br />which has the address of GRAND ISLAND
<br />(arecU - ictta
<br />!Nebraska 68803
<br />(Zip G Ic . (-Property Address");
<br />To Have a6d To Hold the premises above described, with all the appurtenances thereunto belonging and including all heating, plumbing and
<br />lighting fixtures and equipment now or herk "izr attached to or used in connection with said real estate unto the Trustee. and to its successor%
<br />and assigns, forever. The Borrower represe ni to, and convenants with, the Trustee, that the Borrower has good right to sell and convey said
<br />premises; that they are free from encumbrance. and that the Borrower will warrant and defend the same against the lawful claims of all persons
<br />wbomsoevef; and the said Borrower hereby relinquish-,41 rights of homestead, and all marital rights, either in law or in equity. and
<br />all other
<br />contingent interests of the Borrower in and to the abc,i-' cribed premises, and intention being to convey hereby an absolute'title. in fee simple.
<br />including all rights of homestead, and other ; ghts and interests as
<br />Provided Always, and thew presents are executed and delivered unto. t, ^.e Trustea, m crust, however for the following purposes:
<br />Whereas, fT•,e an the 27TH day of MARCH '1989 , borrowed from the lender
<br />thesum cf !.FORTY TWO THOUSAJI FIVE HUNDRED FIFTY AND 00/ 100--------------------------- - - - - --
<br />-------------------- - - - - -- - - - - -- .Dollars IS 42,550.00 1. for which
<br />uia the Bvr7r wer has executed and delivered to the 1.01di r Borrowers promissory note of even date. bearing
<br />interest of the :ate of EIGHT AND 880 / 1000er wntum ( 8.880 11r.) per annum on the unpaid balance until paid.
<br />The said pnn:7p -al and interest shall be payable at the office of
<br />NORWEST _=NK NEBRASKA, NATIONAL ASSOCIATION, 202 WEST THIRD STREET
<br />in GRAND ISLAND, NEBRASKA 68801 . or at such other place as the holder of the nwc
<br />may designate in writing, in monthly installments of THREE HUNDRED THIRTY EIGHT AND 70/100 ----------------- — -
<br />---------------- Dollars (S 338.70 ). u:.t mencing on the first day of My 01
<br />19 89 and on the first day of each month- diereafter until the principai and interest are fully paid. except that the final payment of principal
<br />and interest, if not sooner paid. shall be due and payable on the first da, of APRIL 01
<br />2019. 1.
<br />This form is ,1gcu} €re connection eYith n crtgeges insured under -the an c- to SOUr- family proyr.A:.s of the National Housing Act (including
<br />Sections 203(b) and (i)) which require a One-Time Mortgage Insurance Premium payment it accordance with the regulations for those
<br />programs.
<br />-� — -r form HUD- 921I3•DL1(3-89 edition)
<br />Page t of 5 24 CFR 203.17(a)
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