88102873 - Laserfiche WebLink

Browse

DEED OF TRUST 88- 102873 day 01 May & Caroline G. Badsteen (herein "Borrower"), (herein "Trustee'), ancl lhe Beneficiary, , a corporation organized and THIS DEED OF TRUST Is made this 27 1988 . ln10ng the Trus,or. Raymond R. Bad5t een as Joint tenant~ First American Title Insurance Co. Sear. ConSUMer Financial Corporation e)(l~tlng under the .Iaws of Kan..s:: wlloseaddressls 9225 Indian Creek Parkway, Corporate Woods, Bldg. 32 Ova r land Pa rk KS 66210 (herein "LencJer"). BORROWER, In conslderallon of the indebtedness herein recited and the trust herein created, Irrevocably grants and conveys to Trustee,ln trusT. wilhpower of sale, the following descrIbed property located In the County ot Ha I I . Stale of Nebraska: lOT 1 IN BLOCK 2, SCHIMMER'S ADDITION TO THE CITY OF GRAND ISLAND. HALL COUNTY, NEBRASKA, ." Nobraska 68801 ISlIeeU (hera,n 'Prop.",v AddresS-); . Grand Island ICilvl wtllch has lhe aOOress ot 403 W. 13th U'P Coo.) 'rOGETHER wilh all the 'mprovemonrs now or hareaf ter e,ecteo on lhe property. ancl all easements. rights, appurtenances and renlS (suOject however to lhe fights and aulhOrtllOS given herein to Lender to collect and apply suclI renls), all of which Shall be deemed 10 be and rema,n a part 01 Ih0 property covered bI( this Deed 01 TruST; and all of thO foregoing, Togelher WIth said property (or theleasehotd eSTaHl.f IIliS Deed of TruSlls on a leasehold) arehereinallOf relerr'ldtoas tile "Property"; To SECURE to Lender tho repayment of the Indebtedness evidencod bI( Borrower'snoto dOlled OS/27/88 and extensions and renewalS thereof (herein 'Noto"), in the principill S\ln of U.S. S 9232.88 . With Interest thereon. providing for monthly installments of principal and interest, with the balance 01 the Indebtedness. ,f not sooner pa<d. due and payable on June 03.1995 ; the Pil'P"lnt of all other StmS, wilh ,ntereslthereon. advanced In accordance herewith to protecI the security 01 this Deed of Trust; and file performance of the covenants and agreements ot Borrower herein contained. Borrower covenants that Borrower.s lawfully se.sed 01 the estate herebl( corr'eyed and has tile right to grant and convey lhe Property. and 1hatthe Property is unllncllTlbered. o"cept for enclJT1brances of record. Borrower covenants that Borrowerwarranls and will de fond gonerally the title to the Property against all clams and demands. sub Joct to encllY1brances of record. LNIfO~ COvENANTS. Borrower and Len-~Br co"enant and agree as fOllOws: 1. Paym.nt of Principal and Int.rest. Borrower Shall promptly pay whOn due the principal and interest Indeblec:tnoss l/V'donced bl(1heNote and latll charges as provided In llle Note. Z. Fundi for Tax" and lnaur_, SulljGCI 10 applicable law or a wrinen wal"er bI( Lender, Borrower shall pay to Lender on the dllVmonthly pavments of prinCipal and interest are payable under The Note. unltl tho Note IS paid in full, a SllY1 (hnreln 'Funds") equal to one-twelfth of the Ylllltly taxes and assessments (Including condominilln and planned unit development assessments. if any) whiCh may altam priority over IhlS Deed 01 irust, aN' ground renlS en the Properly, II ar>/, plus one-lwelllh 01 yearly premillY1 inslilHmonls lor hazard Insur ance, pl\lS one - t wel flh 01 yearly pr ernilln InSl ailments for mortgage Insur ance, if any, all as reasonably estima1ed .Mially arID Irom lime to time bI( LanOer on lhe bas.s of a~sessments ilfId bills and reasonable estimates tllereof. Borrower shall not bO Ollllgalod tomake such 1l3'/1Tlenls of Fun<l~ 10 LeMer 10 the exlonllhal Borrower makes such payments to the hOlder 01 a prior rntlllgagaor d!1led of trust It such !.order IS an,nSl,hJI'OnallondAr, L ~RASKA - HeME ,...J'AQVEMfNl- 1/80" FNMA/FHLMC UNIFORM INSTRUMENT t'lJltJelll ~ Q P.~ , of .4 en"""