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I
<br />of ' DmW of Trust
<br />04 - 108 is
<br />321 - 1309359 -738 (b)I
<br />71Wt Dud efTeura ("Security Instrument") is made on April 25 •
<br />19 89. The um" is David G. Scoggins and Sherri A. Scoggins, Husband and Wife
<br />("Borrower "). Thetnutwis Cowlercial Federal Savings and
<br />Loan Association (- Trustee "l. The beneficiary is
<br />Horne Federal Savings and Loan Association of Grand Island , which is organized and existing
<br />under the laws of Nebraska , and whose address is 221 South Locust
<br />Grand Island, Nebraska 68801 ("gender "),
<br />will P W, That the Borrower in conadeation of the debt and trust hereinafter described and created, and the sum of One Dollar (S f), to
<br />him in hand paid by the Trustee, the receipt of which is hereby acknowledged, does by these presents grant, bargain and wU, convey and
<br />confirmk unto the Trustee in trust, with power of saUe. fiir> vet; ail of the following described real emit. situated lying and being in the County of
<br />Hall , and u::Ni sica, to wit:
<br />Lot Eight (8), in Block Sixty-Eight (68), Wheeler & Sennett's Second Addition
<br />to the City of Grand Island, Hall County, Nebraska.'
<br />The rider to the mortgage attached hereto and executed of even date herewith is
<br />incorporated herein and the covenants and agreements of the rider shall amend and
<br />supplement the covenants and agreements of this mortgage.
<br />"THIS IS A PURCHASE MONEY MORTGAGE"
<br />wl4ef has the address of 316 EAST 13THt.,«„ . GRAND ISLAND lag,
<br />Nebrasita 688{31 (zipe"k) ("Property Address");
<br />To have said To Hold the premises above described. with all the appurtenances thereunto belonging and including all heating, plumbing and
<br />lioting fixtures and equipment now or hereafter attached to or used in connection with said real estate unto the Trustee, and to its successors
<br />and asagQrts, forever. The Bomnway-represatis to. and conventats with, the Trustee, that the Borrower has good right to sefl and convey said
<br />premises: tbt they are free from trscumbn<nret and that the Borrower will warrant and defend the same against the lawful claims or ail persons
<br />whtxwoever, and the said Borrower her* ndingnishas all tights of hortrtsteed, and all marital rights, eitires in law or in equity, alai all other
<br />eond-*daas interests of the Borrower in and tar the above•clesaibed premises. and intention being to convfyhereby an absolute title, in fee simple,
<br />,;edit o ail rights of homestead, and other fithis and intrxesii lees aforesaid.
<br />Provided Always, and these presents are e:xwuted and delivered unto the Trustee• in tru% however for the following purposes:
<br />wbiress, the Borrower on the 25th . day of April ,19 89 , borrowed from the Lender
<br />thersumof Twenty Eight Thousand Eight Hundred Fifty and no /100----------- .w- _______
<br />---------------------- - - - - -- '001131S (S 28,850.00 >, for which
<br />sum the Borrower hac executed and delivered to the �Lcc Boo r osnissory note of even date, bearing
<br />ei ht L PTo
<br />interest of the rate of eight & eighty wr cenfum It , 8.88 ro) per, annum rr. the Unpaid btilatsr a until paid:
<br />The said principal and interest shall be payable at the office of Home Federal Savings and Loar Association
<br />in
<br />of Grand Island, 221 South Locust . or at.suJi other place as the holder of the note
<br />Grand Island rr%ttt t br a
<br />may designate m writing, in y to Igents of Two Hundred Twenty Nine and 6'a/1 log ----------------
<br />Dollars (t 229.65 ), commencing on the fist day of June
<br />19 89, and on the first day of eacb month thereafter until the principal and interest are fully paid, except that the final payment of principal
<br />*W inffM 4 not sooner paid, shill be due and payable on the first day of Play
<br />24:13 , ' - .
<br />Thiat Corm is used in connection with mortgages insured under the one- to tour - family programs of the National Housing Act (including
<br />Uxtions 203(b) and (i)) which require aOne -Time Mortgage Insurance Premium payment in accordance with the regulations for those
<br />pr+cprams.
<br />lorm i I (368 edition)
<br />., I
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