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79338-1-20 State of Nebraska Deed of Trust 88- 1.O.2.6.O.;L r- I This Deed or Trusc,("Security Instrument") is made on May 20 19 '88' . The trustor is Kenneth A. Steinbeck and Elaine L. Steinbeck, husban d and wife, jointly and each in their own right, ("Borrower"), The trustee is FIRST FEDERAL SAVINGS AND LOAN ASSOCIATION OF LINCOLN ("Trustee"), The beneficiary is FIRST FEDERAL SAVINGS AND LOAN ASSOCIATION OF LINCOLN . which is organized and existing under the laws of The United States of Ame,rica . and whose address is 1235 "Nil Street, Lincoln" Nebraska 68508 ("Lender"). Witnesseth: That the Borrower in consideration of the debt and trust hereina(ter described and created, and the sum of One Dollar ($1), 'to him in hand paid by the Trustee. the receipt of which is hereby acknowledged. does by these presents grant, bargain and sell. convey and confirm. untO the Trustee. forever, all of the following described real estate, situated lying and being in the County of Hall ' and State of Nebraska, to wit: Lot Seven (7), Block Two (2), Colonial Estates Subdivision, to the City of Grand Island, Hall County, Nebraska. which has the address of 1128 North Hancock Grand Island 1\"':(0 Calf) Nebraska 68803 ("Property Address"); .I.ir CO>IkI To Have and To Hold the premises above described. with all the appurtenances thereunto beloneing and including all heating, plumbing and lighting fixtures and equipment now or hereafter attached to or used in connection with said real estate unto the Trustee. and to its successors and assians. forever. The Borrower represents to, and covenants with, the Trustee. that the Borrower has good righl 10 sell and O;Qnvcy silic.t premises; that they are free from encumbrance; and that the Borrower will warrant and defend the same against the lawful claims of all persons whomsoever; and the said Borrower hereby relinquishes all rights of homestead, and all marital rights, either in law or in equhy. and all other contingent interests of the Borrower in and to the abave-described premises. , the intention being to convey hereby an absolute title. in fee simple, including all rights of homestead. and other rights and interests as aforesaid, Provided Always. and lhese presents are executed and delivered unto the Trustee, in trust, however for the following purposes: Whereas, the Borrower on the 20th. da\" of Mah 100 ,19 88 . borrowed from the Lender the sum of Sixty Three Thousand One Hundred 'Fifty t d no/ Dollars ($ 3150 . 00 ). for which ,urn [he Borrower has executed and delivered [0 the Lender Borrower's Pf~mBffi5Y note of even date. bearing interest at the rate of Ten per centum ( . 0;0) per annum on the unpaid balance until paid. The said principal and interest shall be payable at the ofnce of FIRST FEDERAL SAVINGS AND LOAN ASSOCIATION OF l~nINCOLN Lincoln, Nebraska M Fi ve Hundred Fifty Foffi-ataWa" 'l~1"I9lece as the holder of the note may designate in writing, in monthly installlll!:ms ~[ July Dollars ($ "... ., ). commencing on the first day of , 19 88. and on the first day of each month thereafter until the principal and interest are JH~paid. except that the final payment of principal and interest, if nOI sooner paid, shall be due and payable on the first day of , 20 18, This form is used in connection wllh mortgages Insured under the one" 10 'our.family programs of the National Housing Act which pro. vide lor periodic Mortgage Insurance Premium payments, Paqe , of 5 Form HUD.92143.DT 110-87 Editionl 2~CFR .203' i'd) u