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<br />State of Nebraska
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<br />Deed of Trust
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<br />FHA CDID No.
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<br />321-1231458-703
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<br />This Deed of Trust, ("Security Instrument") Is made on March 10
<br />19 88 ,Thetrustorls Michael D, Frei and Katherina T~ynn Frei, Husband and Wife
<br />("Ilorrower"). The lrustee is
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<br />Firstier Bank, Nat.ional Association, Omaha, NE
<br />Occidental Nebraska Federal Savings Bank
<br />uniler thelaws of Nebraska ' and whose addrc" is
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<br />I 1704 West Center Road Omaha, NE 68114
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<br />Witnesseth: That Ihe Ilorrower in consideration of the debl and trusl hereInafter de.,cribed and crealed, and Ihe sum of One Dollar ($1), to
<br />him in hand paid b)' Ihe Truslee, the receipt of which is hereby acknowled!(ed, doe., by these presents grant, bargain and sell, convey and con.
<br />firm, unto Ihe Truslce, Forever, all of Ihe followiog descrihed real eslale, situaled lying and being in Ihe COlinty of .
<br />Ha 11 , and Slale of Nebraska, 10 wil:
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<br />("Trustee"). The beneficiary is
<br />, which is organized and exisling
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<br />("Lender").
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<br />LEGAL DESCRIPTION:
<br />THE WESTERLY ELEVEN (II) FEET OF LOT NINE (9) AND THE EASTERLY FORTY-NINE (49) FEET
<br />OF LOT EIGHT (8), IN BLOCK NINE (9), IN MORRIS 5TH ADDITION TO THE CITY OF GRAND
<br />ISLAND, HALL COUNTY, NEBRASKA.
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<br />which has the address of
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<br />408 East 19th Street
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<br />Grand Island
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<br />Iltlrt'l"lJ
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<br />felll}
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<br />Nebraska
<br />
<br />6880]
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<br />("Properly Address');
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<br />To Have and To Hold the premises above dc<eribed, with all Ihe appurlmanccs Ihereunto hclonging and including all healing, plumhing and
<br />lighling fixture., and equipment now or hereafter Gltached to or used in conneclion with said real c'late unlo Ihe Trustee, and 10 ils succcs.'ors
<br />and assigns, forever. The Borrower represents to, and co\'enants with. the Trustee, that the Borrower has good righl 10 sell and convey said
<br />premises; that they are free from encumbrance; and thaI the Borrower will warranl and defend the same agaill5l Ihe lawful claims of all per.
<br />sons whomsoever; and the said Borrower hereby relinquishes all righls of homeslead, and all marital rights, cither in law or in equity, and all
<br />other contingent interests of the Borrower in and 10 the abO\'';.deseribed premises, the inlention being to convey hereby an absolule title, in fee
<br />slmple, including all rights of homeslead, and olher rights and inlerests as aforesaid,
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<br />Provided Always, and these presenls are execuled and delivered unlo Ihe Truslee, in trust. however for Ihe following purposes:
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<br />Whereas, the Borrower on the 10th , day of March ,1988 ,borrowed from lhc Lender
<br />too sum of Forty-Eight Thousand Five-Hundred Twenty-Six and 00/100-----------------------
<br />-..:.------------------~--------------- Dollars ($ 48 526.00 ), lor which
<br />sum the Borrower has executed and delivered to the Lender Borrower.s promi.Jory nole of even day, hearing intere.,1 al thc ratc 01 E i gh t and
<br />Ninety-Eight One-Hundredths per cenlum ( 8.980 %) per annum on the unpaid balance until paid,
<br />The said principal and interest shall be pal'able al the office of Dee identa 1 Nebraska Federa I Sav ings Bank
<br />
<br />11704 West Center Road
<br />In Omph a NE 68.114 , .' or at such olher place as lhe holder o[ the nole
<br />may ileslgnale in writing, 111 monlhl}' Ill5lallments 01 Three-Hundred Elgh ty-Nine aud 75/ 100----------------
<br />------------------- Dollars ($ 389.75 ), commencing on the firsl day of May
<br />19 88 ,and on Ihe firsl day of each month thercafter unlil the principal and interest are fully paid, exeepl thaI Ihe final paYlTlenl o[ prin,
<br />cipal and interest, if nol sooner paid, shall be due and payable on the flrsl day of Apr i 1
<br />20 18
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<br />This lorm is used In connection with morlgagos insured under the one. 10 four. family programs 01 the National HouSlllg Acl which prOVIde for
<br />periodic Mortgage Insurance Premium paymentE,
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<br />Patio 1 01 4
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<br />FOlm HUO 9~143 01 pO.H7 Edillonl
<br />?crn ~03 17(8)
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