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<br />88- 100290
<br />
<br />'State of Nebraska
<br />
<br />Deed of Trust
<br />
<br />
<br />r
<br />
<br />32l-l224!f40-748
<br />
<br />This Deed of Trusl, ("SecurilY Instrument") is made on January 22,
<br />19 88 . The trustor is Rodney G. Schumacher and Mary M. Schumacher, Husband and Wife
<br />("Borrower"). Thctrustee is FirsTier Bank, National Association,
<br />68102 ("Truslee"). The beneficiary is
<br />, which is organized and existing
<br />
<br />NE
<br />
<br />68114
<br />
<br />("Lender").
<br />
<br />
<br />17th & Farnam Street, Omaha,
<br />FirsTier Mortgage Co.
<br />under the laws of Nebraska
<br />8712 West Dodge Road, Omaha,
<br />
<br />NE
<br />
<br />, and whose address is
<br />
<br />WltneSKlh: That the Borrower in consideration of the debt and trust hereinafter described and created, and the sum of One Dollar
<br />(51), to him in hand paid by the Trustee, the receipl of which is hereby acknowledged, does by these presents granl, bargain and sell,
<br />convey and confirm, unto the Trustee, 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 />
<br />The Westerly One Half (W~) of Lot Seven (7), and the Easterly Eleven (11) Feet of Lot Six
<br />(6), all in Block Fifteen (15), of Russel Wheeler's Addition to the City of Grand Island,
<br />Hall County, Nebraska.
<br />
<br />"The Mortgagee shall, with the prior approval of the Federal Housing Commissioner, or his
<br />designee, declare all sums secured by this mortgage to be immediately due and payable if
<br />all or a part of the property is sold or otherwise transferred (other than by devise.
<br />descent or operation of law) by the Mortgagor, pursuant to a contract of sale executed
<br />not later than 24 months after the date of the execution of this mortgage or not later than
<br />24 months after the date of a prior transfer of the property subject to this mortgage,
<br />to a purchaser whose credit has not been approved in accordance with the requirements of
<br />t~cf~wr~~~~~rd;' 220 West 9th Grand Island
<br />
<br />(\llftll
<br />
<br />.';'11
<br />
<br />Nebraska
<br />
<br />6880l
<br />
<br />("ProperlY Address");
<br />
<br />.r....c..'
<br />
<br />T~ Have and To Hold the premises abOve described, with all the appurtenances thereunto belonaina and includina all heatina,
<br />plumbina and lilhtina fixtures and equipment now or hereafter an ached to or used in connection with said real estate unto Iht
<br />Trustee, and to its successors and assians, forever. The Borrower represents to, and covenants with. llIe Trustee, that the Borrower
<br />has aood right 10 sell and convey said premises; that they are free from encumbrance; and that lhe Borrower will warrant and defend
<br />the same against the lawful claims of all persons whomsoever; and the said Borrower hereby relinquishes all rights of homestrad. and
<br />all marital rights, either in law or in equity, and all other contingent interests of the Borrower in and to the above-dcscribed premises,
<br />the intention being to convey hereby an absolute title, in fee simple, includina all rights of homestead, and other righls and interests
<br />as aforesaid.
<br />
<br />Provided Always, and these presenlS are executed and delivered unto the Trustee, in trust, howe\'er for the follov.-in@ purposes:,
<br />
<br />Whereas, the Borrower on the 22nd ' day of January . 1988 , borrowed from tM Lender
<br />the sum of Twenty Thousand Three Hundred and OO/lOO
<br />Donars (S 20,300.00 I, for which
<br />sum the Borrower has executed and delivered to the lender Borrower's promissory note of even date, bearina
<br />interest at the rate orT~n and One Half per centum ( 10.50 lift) per annum on the unpaid balance until paid.
<br />The said principal and mteren shall be payable al the office of FirsTier Mortgage Co.
<br />
<br />8712 West Dodge Road
<br />in 0 ha NR fi8114 ' or at such other place as the holder of the note
<br />may ~lgn.te In writifil, 111 monthly inslallments of One Hundred Eighty Five and 69/100
<br />Dollars (S l85. 69' ), commencing on the first day of March
<br />I~ 88 ,and on the lirst da~ or nch month thereafter until the principal and interest arc fully paid. except that Ihe iinal palmenl or'
<br />principal and inleresl, if not sooner paid, shall be due and payable on the fint day of February
<br />1018
<br />
<br />This torm is used in connection with mortgages insured under the one. to tour.tamily programs ot the National Housing Act which pro.
<br />vide tor periodic Mortgage Insurance Premium payments.
<br />
<br />Fo'm HUD.9210,DT (10.81 Editionl
<br />Page 1 01 S ,.rl'Q '>n' 171.\
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