|
<br />Stale of N...ka
<br />
<br />88- 10389B
<br />Deed of Trust
<br />
<br />
<br />11111 u.. of TnIII. ("Security Insuumenl") is made on July IB 1
<br />19 88 . The Irullor is. Joseph A. Cochnar and Catherine A. Cochnar, husband and wife
<br />jointlY and..JIlIlCb in their .own right ("Borrower"). The uustee is FIRST FEDERAL SAVINGS AND LOAN
<br />~SOCL\TIUN OY LLNCDLN ' (..Trust....). The beneficiary is
<br />FIRST FEDERAL SAVINGS AND LOAN ASSOCIATION OF LINCOLN , which is organized a~d exisling
<br />under lhe IIIws or The United States of America ,Bnd whose address Is 1235 "N" Street, Lincoln,
<br />Nebrllska68508 ("Lender").
<br />
<br />WI~: That the Borrower in consideralion of the debt and uust hereinaf.er described aod created. Bnd the sum of One Dollar
<br />(II), 10 him In hand 1'Iid by the Trustee, the r"""ipt of which is hereby acknowled,ed, does by these presents arant. bargain and sell.
<br />convey and confirm. unto Ihe Trustee, fore.er. all of the following des<:ribed real eslBte, silualed lying and beina In Ihe Counly of
<br />, and Slate of Nebraska, to wil:
<br />
<br />Hall
<br />Lot Two (2), Block Seventeen (17), in
<br />Grand Is1and,Hall County, Nebraska.
<br />
<br />Fairview Park Addition to the City of
<br />
<br />which has ,he address or 909 West 10 Street
<br />
<br />Grand Island
<br />lell,l
<br />
<br />Ndlraska
<br />
<br />68801
<br />
<br />(" Property Addre.. "I;
<br />
<br />.bfl"~1
<br />
<br />To Ha.. aIMI To HDId the premises abo.e des<:rtbed. with all ,he appurtenances thereunlo belonJin, and includina all healina.
<br />plumbin, and nah.in& fixlures and equipmenl no.. or hereafler anaehed 10 or uRCIln connection wllh .aid real e..ale unlo Ihe
<br />TruSl.., and 10 ils ,uece.so" and auian.. forever, The Borrower represcnn to. and co.en.nts wllh. Ihe TruSl.., ,hat Ihe Borrower
<br />has load ri,hl 10 sell and con.ey Sllid premises; that ,hey are free from encumbrance; and Ihal ,he Borrower will warrant and defenll
<br />the ,ame aaain51 the lawful claim. of all person. ..homllOCV~; and Ihe .ald Borro..er hereby relinquilhn all riahn of homes.ead, and
<br />all marilal rl&hts, ellher '" law ar in equilY, and all olher conlin&en, interesll of the Borrower in and to Ihe above.de.cribed premises.
<br />the Intenlion beina 10 convey hereby an .blOlu.e tllle. In ree simple. ,"cludin& all rl&hll of home..ead, and other rights and Inlere.l.
<br />as aforesaid,
<br />
<br />Pro...... AI.a,a. and these presrnts are e.ecu,ed and delivered unto the Trust.e, '" trust. however for ,he follow'"a purpo.e"
<br />
<br />Wlwrnl. the Borrower on Ihe 18th. da) of July . 19 B8 . borrowed from the lender
<br />.he sum of Twenty Four Thousand (he Il1ndred Fifty and "'0/100
<br />Dollars (5 211 150.00 l. for which
<br />sum rhe Borrower hat. C'''C\.'"UIC'd and deh...er~d to rhe: l.ender Borrower"s promissory nole of C'ven dare. bearina
<br />inlern. al Ihe rale of Eight and one haliB <.mum I 8.500 ""I per annu~on ,he unpaid bBlance uo!il paid.
<br />The said prioeip;tl and in,ereu shill be payable ar the offic. of FIRST FEDERAL SAVINGS AND LOAN ASSOCIATION OF
<br />LINCOLN
<br />in Lincoln, Nebraska . or I' such other place as ,he holder of Ihe nOle
<br />may desianat. In wriling. in monlhly in'tallmenrs of (he !l1ndred Eighty Five and 70/1 00
<br />Dolla" (S 18 Ii. 70 r. colnmenclna on 'ho first day of tBmbar '
<br />1988' . and on the first day of .a.:h momh il,ere.fl.r unllllh. principal and inleres. arc fully paid. e.cept Iha'~ mmrplIVmem of
<br />prinCIpal and inlernl. if nOI soone' paId. .hall be duo and payable on the filS! day of August .
<br />
<br />201e **"5ee Adjustable Rate Rider"
<br />
<br />Thll lorm Is used In conn~CllOn with mortgag~s insured und~r lhe one. 10 four,t.mily program. of th~ Nallonal Housing Act which pro.
<br />wide '01 peuocUc. "'engage Insurance Premium payments
<br />
<br />Page \,015
<br />
<br />Fo,", HUD.1I2,u-or ItO.87 Edmon)
<br />2aCFR 203.17(0)
<br />
|