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<br />State of Nebraska
<br />88- 102701
<br />
<br />De&d of Trust
<br />
<br />FHA ell. No,
<br />
<br />321 1237660 703
<br />
<br />TIlls Deed of Trust, ("S~curity Instrument") is made on May 23
<br />1988 . The trustor is JAMES W. GARRETSON, A SINGLE PERSON
<br />("Borrower"). The trustee is NORWEST BANK NEBRASKA,
<br />
<br />NATIONAL ASSOCIATION
<br />NORWEST BANK NEBRASKA. NATIONAL ASSOCIATION
<br />under the laws of THE UNITED STATES OF AMERICA
<br />GRAND ISLAND. NEBRASKA 68801
<br />
<br />("Trustee"). The beneficiary is
<br />, which is organized and existing
<br />, and whose address is 202 WEST THIRD STREET,
<br />("Lender").
<br />
<br />Witnesseth: That the Borrower in consideration of the debt and trust hereinafter described and created.. and the sum of One Dollar
<br />($1), te him in hand paid by the Trustee, the receipt of which is hereby acknowledged, does by these presents grant, 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 />LOTS FOUR (4), FIVE (5), AND SIX (6), IN SHADY LANE SUBDIVISION,
<br />HALL COUNTY, NEBRASKA.
<br />
<br />"THIS IS A PURCHASE MONEY DEED OF TRUST"
<br />
<br />The Rider to the Deed of Trust attached hereto and executed of even date herewith is
<br />incorporated herein and the covenants and agreements to the Rider shall amend and supplement
<br />the covenants and agreements of this Deed of Trust.
<br />
<br />which has the address of
<br />
<br />3410 E BISMARK RD, GRAND ISLAND,
<br />
<br />(,Ireelt
<br />
<br />(ciIY)
<br />
<br />Nebraska
<br />68801
<br />
<br />("Property Address");
<br />
<br />Uip Codet
<br />
<br />To Han and To Hold the premises above described, with all Ihe appurtenances thereunto belonging and including all heating,
<br />plumbing and lighting fixtures and equipmenl now or hereafter auached to or used in connection with said real estate unto the
<br />Trustee, and to ils successors and assigns, forever, The Borrower represents to, and covenants with, the Trustee, that the Borrower
<br />has good right 10 sell and convey said premises; that they are free from encumbrance; and that the 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 homestead, and
<br />all marital rights, either in law or in equity, and all other cOnlingent interests of the Borrower in and to the above.described premises,
<br />the intenlion being to convey hereby an absolute title, in fee simple, including all rights of homestead, and other rights and interests
<br />as aforesaid,
<br />
<br />Provided Always, and these presellls are executed and delivered UnlO the Trustee, in trust, however for the following purposes:
<br />
<br />WhercliIs. the Borrower on the 25th . day of May , 1988 , borrowed from the lender
<br />the sum of THIRTY THOUSAND EIGHT HUNDRED FIFTY ANDOO/lOO
<br />-----________________________________ Dollars ($ 30.850.00 ), for which
<br />sum the Borrower has executed and delivered to the lender Borrower's promissory note of even date, bearing
<br />interest at Ihe ratc of Eight and One Halper centum ( 08.50 11/0) per annum on the unpaid balance until paid.
<br />The said principal and interest shall be payable at the office of Norwest Bank Nebraska. National Association
<br />
<br />202 West Third S~reet
<br />in Grana IsIano. Neoraska 68801 . or at such olher place as the holder of the note
<br />may designate in writing, in monthly inslallments of Two Hundred Thiry Seven and 21/100-------------------
<br />----------------Collars ($ 237.21 I, commencing on the first day of July .
<br />19 88, and on the first day or each mOnlh Iherearrcr unllllhe principal and interest are fully paid, except thaI the final payment or
<br />principal and interest, if nO! sooner paid, shall be due and payablc on the firsl day of June 01
<br />20 18 .
<br />
<br />This form Is used in connection with morlgages insured under the one. 10 four.lamlly programs 0' the National Housing Act which pro.
<br />vide lor periodic Mortgage Insurance Premium payments.
<br />
<br />Page 1 of 5
<br />
<br />Form Hl)D-'2'43-tlTI1~reditionl
<br />. 24CFR '203,17(8)
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