88104699 - Laserfiche WebLink

Browse

State of Nebraska B8- 104699 Deed of Trust ~H_~~---_-~-J FHA C... No 321-1281408-703 (b) 'ibis Deed ofT_ ("Sccurily Instrument") is made on August 28 19 BB ,The lruslor is Tanmy L. Martin and Kathleen K. Martin. Husband and Wife ("Borrower-), The trustee is Arend R. Baack ("Truslee"). The beneficiary is . which is organized and existing 221 South Locust Home Federal Savings and Loan Association of Grand Island under lite laws of I\Ebraska . and whose addl'CS5 is Grand Island, Nebraska 88801 ("Lender"), WJIDesRth: That the Borrower in consideration of the debt Bnd trust hereinafter described and created. and the sum of Onc Dollar <S I ), to him in hand paid b~' the Trustee. the receipt of which is hereby acknowledged. does by these presents grant. bargain and sell. oon\'ey and confirm. unto the Trustee in trust, wilh power of sale. forever, .n of the following described real estate. situated lying Bnd being in the Counly of Hall . and Slate of Nebraska. 10 wit: Lot Ten (10), Bishop Heights Subdivision, 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" which has the address of 4314 Stratford Place 'QrttU Grand Island l('11)' Nebnska 88803 (Zlprukl ("Property Addr"""); To Haye and To Hold the premises above described. with all the appurtenances thereunto belongmg and induding all heating. plumbing and lightins f!ltures and equipment now or hereafter auached to or used in connection with said real estaU~ unto the Trustee. Bnd 10 its successors and assigns. forever. The Borrower represents la. and oonvenants with, Ihe Trustee.lhal the Borrower ha.\ good right to sell and convey said pmniscs; liIat they an: free from encumbrance; and that the Borrower will warrant and defend Ihe same against Ihe lawful claims of all persons wbomsocver. and the said Borrower baeby relinquishes all rights of bomotcad, aod all manlal rigbts, either in law or in equity. and all olber amtingcnl intm:5u of the Borrower in and to the above-described premtscs. and intention being to convey hereby an absolute tide, in fee simple. including aU riBhlS of homcst.cad. and other rights and interests as aforesaid. Provided Ahnya. and these presenlS are executed and delivered unto the Trustee. m trust, however for Ihc following purposes: ~ the Borrower on the 26th. day of Augus t .19 88 . borrowed from lbe Leoder the sum of Forty Four Thousand Six Hundred and no/100----------------------------- ____________________________________ Della.. ($ 44,600.00 I. for wbich sum the Borrower bas executed and delivered to the Lender Borrower's promlssory note of even dale. bearing intera1 of I.he rate of Ten per cenlum ( 10.00 %) per annum on the unpaid balance until paid The said principal and in\mSl shall he payable at the oflitt of Home Federal Savings and Loan Association of Grand Island, 221 South Locust in Grand Island, Nebraska . or al :iuch olber place as Ihe holder of the nole may designa\e in writing, in montbly installments of Three Hundred Ninety One and 41/100------------ _~_____________ DoIIar.;(S 391.41 I. commeocing on the firsl day of October 19 88. and on lhe first day of each month Ll1ercaftcr until tbe principal and interest are fully paid. except that the final paymenl of principal and intm:Sl. if not 5lKMler paid. shall be due aod payable on the first day or September 20 18. Thl!l1orm Is. used In connection with mongages insured under the one-to four-family programs at Ihe National Housing Acl (Including Sections 203(bl and (I)) which require 8 One-Time Mortgage Insurance Premium payment in accordance wllh the regulations for those programs. tonn HUM21U-DT.1 (3-88 edition) 24 CFR203,17(a) PaTlNeb {