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. Slale 01 Nebraska 88- i105820 Deed of Trust ~;;~;"";279704 748 ThIs Deed or Trust ("Security Instrument") is made on octobe-r 28th 19 88. The lrusloris Clay E. Schutz and Janet Eo. Schutz t husband and wife ("Borrower"). The trustee is Norwest Bank Nebraska. National Association Norwest Bank Nebraska, National Association under the laws of The United States of America . and whose address is 202 West Grand Island, Nebraska 68801 ("Trustee"). The beneficiary is . which is organized and existing Third Street, ("Lender"). Witnesseth: That the Borrower in consideration of the debt and trust hereinafter descnbed and created, and Lhe sum of One Dollar ($ I). to him in hand paid by the Trustee. the receipt of which is hereby acknowledged. does by these presents grant.. bargain and sell. convey and confirm. unto the Trustee in trust. with power of sale. forever. all of the following described real eslale. situated lying and being in the County of Hall , and State of Nebraska. to wit: Lot Two (2) and the Westerly Four Feet of Lot One (1), All in Block Two (2), in Knickrehm Third Addition to the City of Grand Island, Hall County, Nebraska. "This is a Purchase Money Deed of Trus t n The Rider to the Deed of Trust attached hereto and executed of even date herewith is incorporated herein and the covenants and agreements to the Rider shall amend and supplement the covenants and agreements of this Deed of Trust. which has lbe address o[ 316 Eas t 21 s t Grand Island ICllyl '""'" Nebl1l5ka 68801 (Zip l"udl' I ("propcny Address"); To Hawe UKI To Hold the premises above described. with all the appunenanc:es lhereunw belonging and including all heating. plumbing and lighting fixtures and equipmenl now or hereafter auached to or used in connection with said real estate unto lhe Trustee. and to its successors and assigns. rDrever. The Borrower repn:scn15 to. and convenanlS wilh. the Trustee:. that the Borrower has good right to sell and convey said premises; that lhey are rrcc rrom encumbrance; and that the Borrower will warranl and defend the same against the lawful claims of aU persons wbomsoever, and me said Borrower hereby relinquisbes all righlS of homestead. and all marilll rights. either in law or in equity. and all other oontingcnt interests of the: Borrowe:r in and to the: above.dcscribed premises, and intention being 10 oonvey hereby an absolute tille. in fee simple. including all rights of homestead. and olher righlS and interestS IS aforesaid. Provided Always., and these prcscnlS are executed and delivered unlo Ihe Trustee, in trust. however for the following purposes: Wheras.lhe Borrower on tbe 28th . day of October . 19 88 . borrowed from the Lender the sum o[ Forty Eight Thousand Seven Hundred and 00/100------------------------------- ______________________________DoIIars ($ 48 ,700.00 ). [or which sum the Borrower has executed and delivered to the Lender Borrower's promissory note or even dale, bearing inl..en:5l orLbe rate or Ten and 000/1000 per centum ( 10.000 %) per annum on the unpaid balance until paid. 1bcsaidprincipalandintcrc:Stsballbepayableattheofficeof Norwest Bank Nebraska, National Association in Grand Island, Nebraska 68801 . or al such olher place as the bolder of the note may designate in writing. in monthly installmenlS of Four Hundred Twenty Seven and 38/100---------------- __________DoUars(S 427.38 ),commencingon t~ first day of December 01 1988 . and on the fiISl day of each monlh lhereaftcr until the principal and interest arc rully paid. excepllhat the final payment of principal and inlCl<5t. if not IiOQDet paid, shaU be due and payablo on.be fim day nf November 01 20 18. This form II used In connection with mortgages Insurad under Ihe one~ 10 four~famlly programs of the National Housing Act (including section. 203(b) and (In which r~ulre 8 One~ Time Mortgage Insurance Premium paymen1 in accordance with the regulations for those programs. ~Page1015 form HUD-8210-DT.1 (3.s8edilion) 24 CFR 203.17(8)