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<br />88- 102755
<br />Deed of Trust
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<br />FHA CII. No.
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<br />Siate of Nebraska
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<br />321 1242989 703
<br />
<br />National Association
<br />Norwest Bank Nebraska, National
<br />under the laws of The United States
<br />Grand Island, Nebraska 68801
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<br />This Deed of Trust, ("Security Instrument") is made on May 26
<br />1988 . The trustor is Timothy W. Gannon and Suzann M. Gannon, husband and wife
<br />("Borrower"). The trustee is Norwest Bank Nebraska,
<br />("Trustee"). The beneficiary is
<br />Association , which is organized and existing
<br />of America , and whose address is 202 West Third Street,
<br />Coo Lender").
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<br />Witnesseth: That the Borrower in consideration of the debt and trust hereinafter described and created. and the sum of One Dollar
<br />~$l), to him in hand paid by the Trustee, the receipt of which is hereby acknowledged, docs 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:
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<br />Lot Thirty One (31), Block Four (4), in Pleasant View Addition, an Addition
<br />to the City of Grand Island, Hall County, Nebraska.
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<br />"This is a purchase Money Deed of Trust"
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<br />The Rider to the Deed of Trust attached hereto and executed of eve~/1ate herewith
<br />incorporated herein and the covenants and agreements to the Rider~{ amend and
<br />supplement the covenants and agreements of this Deed of Trust. 1(~
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<br />which has the address of 844 E. Phoenix Grand Island V
<br />
<br />is
<br />
<br />(~lrt'CII
<br />
<br />(cit)")
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<br />Nebraska
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<br />68801
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<br />("Property Address");
<br />
<br />(Zip CodeJ
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<br />To Have and To Hold the premises above described, with all [he appurtenances thereunto belonging and including alI heating,
<br />plumbing and lighting fixtures and equipmem now or hereafter all ached to or used in connection with said real estate unto the
<br />Trustee, and to its successors and assigns, forever. The Borrower represems 10, and covenants with, the Trustee, that the Borrower
<br />has good right to 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 tquity, and all other contingem imerests of the Borrower in and to the above-described premises,
<br />the imention being to convey hereby an absolute title, in fee simple, including all rights of homestead, and other rights and imereslS
<br />as aforesaid.
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<br />Provided Always, and these presems are executed and delivered unto the Trustee, in trust, however for the following purposes:
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<br />Whereas, the Borrower on the 26th , day of May , 1988 , borrowed from the Lender
<br />the sum of Forty Nine Thousand Seven Hundred and 00/100--------------------------------------
<br />------------------------------------- Dollars ($ 49 700.00 ), for which
<br />sum the Borrower has CxcI;uted and delivered 10 the Lender Borrower's'promissory note of even date, bearing
<br />interest at the rate of' Ten and 000/1000 per .:entum ( 10.000 070) 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 />202 West Third Street
<br />in Grand I,sland, Nebraska 68801 _ ' or at such other place as the holder of the note
<br />may C1eslgnate 10 wrl1l11g. 111 mtlnthl~' installments of Four Hundred Thlry Six and 16/100--------------------
<br />-------_________Dollar5 ($ 436.16 I, commencing on the first day of July 01 ,
<br />]9 88 ,and on the first day of each month thereafter until the principal and interest are fully paid, except that the final payment of
<br />principal and inter.:st, if nOl sooner paid, shall be due and payable em the first day of June 01
<br />20 18 -
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<br />ThiS form is used In connection with mortgages insured under the one. to four.family programs of the National Housing Act which pro.
<br />Vide for periodic Mortgage Insurance Premium payments_
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<br />Page l'df 5"
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<br />Form HUD.92143-DT (10-87 Edition)
<br />24CFR 203.17(a)
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