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89-40099
<br />of Nebraska Deed of.Trust FHA Case No.
<br />�i�_108593- 321 -1 300524 748 (b)
<br />This Deed of Trust ( "Security Instrument") is made on February 24 ,
<br />19 89 . The trustor is Douglas W. Cremeen and Catherine K. Cremeen, Husband and Wife
<br />( "Borrower "). The trustee is Arend R. Baack '
<br />( "Trustee"). The beneficiary is
<br />Home Federal Savings and Loan Assocition which is organized and existing
<br />under the laws of Nebraska , and whose address is 221 South Locust
<br />Grand Island, Nebraska.
<br />( "Lender ").
<br />Witnesseth: That the Borrower in consideration of the debt and trust hereinafter described and created, and the sum of One Dollar ($1), to
<br />him in hand paid by the Trustee, the receipt of which is hereby acknowledged, does by these presents grant, bargain and sell, convey and
<br />confirm, unto the Trustee in trust, with power of sale, forever, all of the following described real estate, situated lying and being in the County of
<br />Hall , and State of Nebraska, to wit:
<br />The, Westerly eighty -seven (87.0) feet of Lots Fourteen (14) and Sixteen (16), Block Fourteen
<br />(14), in College Addition to West Lawn, an Addition to the City of Grand Island, Hall County,
<br />Nebraska.
<br />The rider to the mortgage attached hereto and executed of even date herewith is incorporated
<br />herein and the covenants and agreements of the rider shall amend and supplement the covenants
<br />and agreements of this mortgage.
<br />"THIS IS A PURCHASE MONEY MORTGAGE"
<br />which has the address of 2373 North Hustorcwee«) I Grand Island (city)
<br />Nebraska 68803 (tip code)
<br />( "Property Address ");
<br />To Have and 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 hereafter attached to or used in connection with said real estate unto the Trustee, and to its successors
<br />and assigns, forever. The Borrower represents 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 />whomsoever; and the said Borrower hereby relinquishes all rights of homestead, and all marital rights, either in law or in equity, and all other
<br />contingent interests of the Borrower in and to the above - described Premises, and intention being to convey hereby an absolute title, in fee simple,
<br />including all rights of homestead, and other rights and interests as aforesaid.
<br />Provided Always, and these presents are executed and delivered unto the Trustee, in trust, however for the following purposes:
<br />Whereas, the Borrower on the 24th , day of February '19 89 , borrowed from the Lender
<br />the sum of Thirty Six Thousand Seven Hundred Fifty and no/ 100------------------------- - - - - --
<br />----------------------------------- Dollars ($ 36, 750.00 1 ), for which
<br />sum the Borrower has executed and delivered to the Lender Borrower's promissory note of even date, bearing
<br />interest of the rate Often and one /half per centum ( 10.50 %) 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 of
<br />Grand Island, 221 South Locust
<br />in Grand Island, Nebraska or at such other place as the holder of the note
<br />may designate in writing, in monthly installments of Three Hundred Thirty Six and 17/100-------------- - - - - --
<br />--------------- Dollars ($ 336.17 ), commencing on the first day of April
<br />19 89 and on the first day of each month thereafter until the principal 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 day of March
<br />2019 .
<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 (i)) which require a One -Time Mortgage Insurance Premium payment in accordance with the regulations for those
<br />programs.
<br />0
<br />form HUD-921
<br />203.17 �t16 f
<br />Page 1 of 5 24 CFR 203.17(0+ �(JJ ((�J
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