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) 88- 104439 Slale of Nebraska Deed of Trust FHA c... No.. 321-1262983-748 (b) This Deed ofTrwl ("Security Instrument") is made on August 12 19 88. The trustor is Donald E. Kruse and Charlene E. Kruse, Husband ("Borrower"). The trustee is Arend R. Home Federal Savings and Loan Association of Grand Island under the laws of Nebraska ' and whose address is 221 Grand Island, Nebraska 68801 and Wife 8aack ("TruslCC"). The beneficiary is ~ which is organized and existing South Locust ("lender"). Witnesseth: That the Borrower in consideration of the debt and trust hereinafter described and crcned, and the :sum of One Dollar (SI). to him in hand paid hy the Trustee, tbe receipt of wbicb is herehy acknowledged. does by the:;e pre:;ents granl. bargain and sell, convey and confirm. unto lbe Truslee in lrus~ witb power of sale. forever. all of the following described real estate. situaled lying and being in the CouolY of Ha 11 . and State of Nebraska. to wit: Lot Three (3) in Capital Heights Sixth Subdivision, being a part of the Southwest Quarter (swk) of Section Two (2), Township Eleven (11) North, Range Ten (10) West of the 6th P.M., in Hall County, Nebraska. which has the address of 4217 Texas Aven~l Grand Island (UI~I Nebraska 68803 (lip Code) ("Propeny Address"); To lIave and To lIo1d the premises above described. with alltbe appuneDllnces thereunto belonging and includlDg all healing. plumbing and lighting fixtures and equipment now or hereafter attached to or used in connection with said real estale uom the T rust.cx. and to its 5Ua::c::5.";O~ and assigns. forever. The Borrower represents to. and convenants with, lbe Trustee, Ihlt the Borrower Ids good righl to sell and convey said premises; thai they are froc from encumbrance; and thaI the Borrower will warrant and defend \he same against \he lawful claims of all perrons whomsoever: and Ihe Slid Borrower hereby relinquishes 111 rights of homestead. and all marital righlS, either in law or in equity, and all Olher conlingenl interests of the Borrower in and 10 Ihe above-described premises, and intenlion being to coovey hereby an absolute tille. in foc simple. including all rights of homestead. and olher rights snd inleres1S as aforesaid. ProYidecl Alway.. and these presents are execuled and delivered unlo Ihe Trustee. in lrust. bowever for Ibe following purposes: Whereu, tbe Borrower on the 12th' day of August . 19 88 . borrowed from thelendcr Ibe sum of Sixty Thousand Two Hundred and no/100------------------------------------- ________________________________ Dollars (S 60,200.00 ~ for which sum the Borrower Ids eKeeuled and delivcrcd 10 Ihe lender Borrower's promissory note of even date. bearing interc:sl or the rate <If ten and one -ha 1 f per cenlum f 10.5 %) per Innum on the unpaid balance until paid The Slid principal and interest shall be payabl. at the orr"", of Home Federal Savings and Loan Associatiun of Grand Island, 221 South Locust in Grand Island, Nebraska ' or at sucb other place lIS the holder of the note may designste in writing, in monthly installments of Five Hundred Fifty and 67/100-------------------- _____________ DoIIars(S 550.67 J,commcncingon\hefirstdayof October 19 88 . and aD \he firsl day of each monlh Ihereafter until the principal and interesl are fully paid, exccpllhallhe final payment of principal and inleres~ if not sooner paid, shall be due and payable on Ibe first day of September 20 18 This form is used in connection with mortgages Insured under the one- to four-family programs of the National Housing Act (including Section. 203(b) and (I)} which require a One-Time Mortgage Insurance Premium payment in accordance with the regulations for those prDgrams. Page 1 of 5 form HUI>>21UoDT.1 (3-88 edition) 24 CFR 203.17(11) ..J