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Stille of Nebraska 220600773 DEED OF TRUST THIS DEED OF TRUST, ("Security Inslrumenl") is made on AUGUST 24 1988. Thc trustor is RONALD V. JELINEK AND DANA L. JELINEK, HUSBAND AND WIFE ("Borrower"). The lruslee is COMMERCIAL FEDERAL MORTGAGE CORPORATION OCCIDENTAL NEBRASKA FEDERAL SAVINGS BANK undcr the laws of NEBRASKA , aod whose address is 11704 W CENTER RD OMAHA, NEBRASKA ("Tru'tee"j. Th,e beneficiary is . which i~. ~Jrg~niz~ "nnd existing ("Lender"). Witnesseth: That the Borrower in consideration of the debt and trust hereinafter described and created, and lbe sum of One Dollar ($1). to him io hand paid by the Truslee, lhe receipl of which is hereby acknowledged, d;"'sby lh.c;Se 'presents grant. bargain and sell. convey and confion. unto lhe Truslce-, forever. all or the following.described feal estate. _silu~tCd lying and being in the CounlY of HALL , and Stale of Nebraska, 10 wit: THE WESTERLY ONE HALF (Wl/2) OF FRACTIONAL LOT THREE (3), IN FRACTIONAL BLOCK,ONE HUNDRED ONE (101) IN RAILROAD ADDITION TO THE CITY OF GRAND ISLAND, HALL COUNTY, NEBRASKA, AND ITS COMPLEMENT, TO-WIT: FRACTIONAL LOT THREE (3). IN FRACTIONAL BLOCK'ONE HUNDRED ONE (101), IN KOENIG AND WIEBE'S ADDITION TO THE CITY OF GRAND ISLAND. HALL COUNTY. NEBRASKA. which has the address of 615 WEST DIVISION tSlt=!1 GRAND ISLAND fOlll Nebraska 68801 (upend':l ("Propeny Address"); To Have and To Hold the premises abovl: described. with all the appuncnances mercuRlo belonging and including all heating. plumbing and lighting f1Jl.tUrc5 and equipment now or hereafter attached 10 or used in connection with said real estate unto me Trustee. and to its successors and assigns. forever. The Borrower represcnlS to. and covenllnLs with. the Trustee. that the Borrower has good right to sell and convey said premises: that they are free from encumbrance; ami that the Bor- rower will warrant and defend the same against me lawful claims of all persons whomsoever; and the, said Borrow~r hereby reJenquishes all rights of homestead. and all mllriwl rights. either in law or in equity. and all olher contingent interests of the Borrower in and to the o:bove-describt.'d premises. the intention being to convey hereby an IIb~olule title, in fee simple, including all rights of homestead. and oilier rights and inter~ts as aforesaid, Provided A.".ars, and these presents are executed and delivered unlo the Trustee, in trust. however for the following purposes: Wboreas, the Borrower on !he 24TH . day of AUGUST . 1~8 . borrowed from ,he Lender the sum o(THIRTY NINE THOUSAND FIVE HUNDRED SIXTY NINE AND 00/100 ------------- Dollars ($ 39,569.00 ), for which sum the Borrower has executed and delivered to the Lender Borrower's promissory note of even date. bearing interest at the rale of EIGHT AND SDCIY-FIVE OOE--HtJNIEEIfIHS per centum ( 8.650 %l per annum on the unpaid balance uOIil paid. The said principal and interest shall be payable at thc office ofOCCmEIITAL NEBRASKA FEDERAL SAVINGS BANK-ll 704 W CENTER RD in OMAHA. NEBRASKA . or al such other place as Ihe holder of the note may designale in writing. in monthly installments lOf THREE HUNDRED THIRTEEN AND 27/100 ---------------- Dollars ($ 313.27 ). commencing on the firs. day of OCTOBER . I %a . and on the first day of each month thereafter unlil the principal and inlerest arc fully paid, except thnt Ihe finlll payment of principol and inlerest. if DOl sooner paid. shall be due and payable on the first day of SEPTEMBER 2016 Bonowa- ud Lender eo.....n1 ud, lIgrft as follow", l. l'ha!.Borrower.will pay ~hc indebtedness, as hc:rci~beforc provided. Pri...ilege is reserved I,) pay Ihe debl in whole .or in pan on .ny inSblllinelll due dIiu:_ 2. Th..t. together with. and in Ddditit~n 10. Ihe munlhly payments of principal Dnd intcrcsl payahle under Ihe leml~ uf lhe noIe KL~red hereby. the: Borrower wiJI pay to (he Lender. on the first day of each monlh untillhc !laid nole is fully poid. lhe foll"",in~ >urn" Fo,m HUO-.i21t3:Df Rov ~ii 8lPI _ ",,4CFR m 171.' .1'., . Pagie1ot.& R[-fJI