88103330 - Laserfiche WebLink

Browse

Deed of Trust 88- 1D-3-3.3D I F~~~~'32272_ 74B (b) l State of Nebraska Home Federal Savings and loan Association under the laws of Nebraska . ' and whose address is Grand Island, Nebraska 6BB01 ("Trustee"); Thebene6ciary. is ,whicb'isorPnizcdand exisling 221 South Lcl'cust ("Leader"). ThIs Deed of Trua (WSecurity Instrument") is made on June 1 7 19 BB.Thetrustoris Barton J. Wells and Cynthia A. Wells, Husband and Wife , ("Borrower"). The trustee is Arend R,; Baack W-l tb: That the Borrower in consideration of the debt and trust hereinafter described and created, and the sum of One DoDar(SI). 10 bimin hand paid by the T~ the receiPt ofwhicb is berc;by acknowledged, does by these presents grant, bargain and sen. ooaYC)' and confirm. unto the Trustee in trust. with power of sale. forever, aU of the following described real estale, situated lying Bod being in the County of Hall. . , and Slate of Nebraska. to wit: The East One-Half (E 1/2) of lot Six (6) and the East One-Half (E 1/2) of the South Twenty-Three Feet (S-23') of Lot Four (4), in Block Twenty One (21), in Scarff1s Addition to West lawn, in the City of Grand Island, Hall County, Nebraska. '" The rider to the mortgage attached hereto and executed of even date herewith is incorporated herein and the covenants and agreements of the rider shall amend and supplement the covenants and agreements of this mortgage. "THIS IS A PURCHASE MONEY MORTGAGE" wbich bas thuddn:ss of 2416 West 1 6th S~et Grand Island (CII)1 Ndlrasb 6B803 (Zip Code) (..Property Address"); To lIIIYe ... To Hold the premises above: described. with all the appurtenances thereunto belonging and indudinl an IIeaJiDI. ..~... Iigbtiag fixtures ud equipment now or hereafter attached to or used in ronDecIioo with said real esIllIC unto tile Trusaee. and 10 iIs "1IlX~4S and usips. forever. The Borrower represents to, and ronvenants with. the Trustee. that the Borrower bas good rip! to sell and ~ Slid praniIcs; that they are free from encumbran~ and that the Borrower will warrant and dcfendthe same apinst the lawful d8ims alai paIOIIS wbomIoever. aod the said Borrower hereby rdinquisbes all rights of homestead, and all mariUI rigbIs, either ill law or in equity. aDd aloda contiDpDt illterests of the Borrower in and to the abovc:<<scribed premises, and iDleDtioa beinlto COIIve)' hereby an .....Iide. ill ree simple. iDdwliDc all ripts of bomestelId. and other rights and intereStS as aforesaid. ....ided AJw.,.. and thc8e praeats are execultd and delivered unto the Trustee, in trust. however ror the foUowioI purpoec:s: w--. the Borrower on the 17th . day of June ,19 B8 . bonowed fIOIIIdltlader the iUID of Fifty Thousand Tlllo Hundred ~o'1 00------------------------------------------ ____________________________________ t: 50,200.00 ~..~ IUm the Borrower bas eXClCUled and delivered to the I.aIder Borrower's promissory note of even dale. beariItI interestoftberateof Ten & One Halfperc:entum( 10.50 fJ,)perannwnontheunpaidbaJanoeWlllll*l The said principal and interatshall be payable at the office of Home Federal Savings and loan Association of Grand Island, 221 South locust in Grand Island, Nebraska . or at such other place as lhe holder or die 'IK1k may desipate in writi... in monthly installments of Four Hundred Fifty Nine and 20/100------------------ ___________ DoIIm (S 459.20 ). commencin8 on the first day of August 19 8sand 00 the fine day of ead1 month thereafter until the principal and interest are fully paid. except that the final payment or priIN:ipa1 aad intereIt, if not IOOIIeI' paid. sha11 be due and payable on the first day of J u 1 y 20 1B Thl' form I, uHd In connection with mortgage' In.ured under the one- to 'our-tamlly program. 0' the National Houllng Act (including Section. 203(b) and (I)) which require I One- Time Mortgage In.ur.nce Premium payment In accordance with the regulation,for those program.. Page , 01 5 form HUD-II'Iu.oT.' (3-88~) 24 'CFR 20t.17('1 u