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<br />Stato of NebraMw Deed of Trust FNA Cn* fib.
<br />. 89-- 104066 1 321.M2oa2
<br />TIN( Deer of Test, ("Security Instrument") is made on September 15 .
<br />19 89 . The tnrstor is Kenneth A. Gerdes and Mary C. Gerdes, HU-sboad - and Wife
<br />(1113o: rover"). The trustee is National Bank of Cc amerce Trust and Savings. ASOCiation, 13th' and: ©1
<br />ftreetS. lAnooln, Nebraska 68508 ( "Trustee"). The bionefidwy, is
<br />Overland National; Bank of Grand Island
<br />. which is orZaaind and existicg
<br />under the laws of Nebraska , and whose address is P. O. BoX 1688
<br />Grand island, NE 68802 (•'Lender ").
<br />VROmarelt That the Borrower in consideration of the debt and trust hereinafter described and created, and the sum of On Dolfduti
<br />($0, to him in band paid by t tnistee, the receipt of which is hereby acknowledged, does by thttsa presents grant, barSain and sell14cun�yy
<br />and eonftrm, unto the TrutM forever, all of the following described real estate, situated lying and being in ft,'.Conai} o&
<br />and State of Nebraska, to wit:
<br />Int 5, Bloc '1,4, Searff's Addition to West lawn, to this City of,''
<br />Grated Island, Hall County, Nebraska..
<br />which has the address of 1828 North Kruse Grand Island
<br />Ittrettl Icit"
<br />Nebraska 69803 ( "Property Address");,.
<br />ap coat)
<br />To Hare told To Udd the premises above described, with all the appurtenances thereunto bdbs:ging and including allba" tg. plumbing
<br />and lighting fixtures and equipment now or hereafter attached to or used in connection with said real estate unto the Trustee, and to its b�
<br />successors and assigns, forever. The Borrower represents to, and covenants with, the Trustee, that the Borrower has good right to sell and
<br />convey said premises; that they are free from encumbrance; and that the Borrower will warrant and defend the same against the lawful
<br />claims of all persons whomsoever; and vlhr said Borrower hereby relinquishes all rights of homestead. and all marital'tights, either in law .
<br />or in equity, and all other contingewi.4titt;resu of the Borrower in and to the above -described premises, the intention being to convey hereby
<br />an absolute title, in fee simple, indulag all rights of homestead, and other rights and interests as aforesaid.
<br />ltoNded Always, and Chase presents are executed and delivered unto the Trustee, in trU^Y, however for the following purposes: • �
<br />Wkileau, the Borrower om the fifteenth , day of September .19 89 , borraweri .5xom the Lender
<br />the sum of Forty—Five Thousand Five Hundred Dollars and No /100
<br />—'"- -" --- Dollars (s 45,500.00 ). for which "
<br />sum-thd Borrower has executs O-wid delivered to the Lender. Borrower's promissory note of even date, bearing interest at the rate of,
<br />NJJW and One—Ralf ' per centum ( 9.5 %) per annL_^ on the unpaid balance until
<br />paid,, The said Orincipal and interek shall be payable at the office of The Overland National. Bath;
<br />ins Grand Island• , or at c: ter p'.aye as the hot &Aer of the note
<br />!fir dasbgnate in writing, ii, tuonthly installments of Three Hundred Eighty Two DoUars• and 59/100-- ---- --
<br />Dollars (s 382.59 ), commencing on the first day of November , 1989 , arw: or; the first day
<br />of each month thereafter until the principal and interest are fully paid, except that the final payment of principal and interesa:, if not sooner
<br />paid. shall be due and payable on the fast day of October . Z019
<br />This form is used In CM*Mian Moist mort9e9M insured under the orle•to four•fam;ty programs of the National Housing Act lincluding Sections 203(b) and 0111 vrhkh
<br />fog** a 0nr -Time Mortge9e t KWKIce Premium payment In accordance with the regulations for those programs.
<br />Page 1 of 5 form HUD•92143DT.1 13.88 Edition)
<br />ACME) lMal VMP MORTGAGE FORMS • 1313)293.8100. (8001521.7281 24CFR 203.17(,)
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