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88-106281 State of Nebraska Deed of Trust FHAC...Ho. 321-1283511-703 (b) ThIs Deed of Trust ("Security Instrumen''') is made on November 23 19 88. The trustor is Joseph V. Dembowski, a single person ("Borrower"). The trust"" 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 Baack ("Trust"""). The beneficiary is . which is organized and existing 50uth locust ("Lender"). Witneaeda: That the Borrower in consideration of the debt and lrust hereinafter dcscnbed Bnd created, and lhe sum of One Dollar ($ I). to bim in hand paid by the Trus1ee, the receipt of which is hereby ackoowledged, does by these presents gran~ bargain and sel~ conyey and confirm, unto the Trustee in trust, with power of sale, foreyer. all of the following described real ""late, situated lying and being in the County of Hall , and Stale of Nehraska. to wit: Lot Three (3), in Block Eleven (11) in University Place and Addition to the City of Grand Island, 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 ri der shall amend and supplement the covenants and agreements of this mortgage. "THIS IS A PURCHASE MONEY MORTGAGE" which has the mdress of 222B North ,.?!;)frman . Grand Island lci1..1 Nebraska 68B03 (Zip CuI I"PropeRY Address"); To Haye _ To Hold the premises above described. with all the appuRenanees thereunto belonging and including all beating. plumbing and lightiD8 fixlUreS and equipment now or hereafter attached to or used in connection with said real cslBtc uolo the Trustee. and to its successors and 'assigns. forever. The Borrower represenlS to, and convcnan15 with. the Trustee. that the Borrower has good right to sell and convey said premises; that they are free from encumbranoe; and tbat the Borrnwer will warrant and defend the same agoiost the I,wlul claims of aU pcr500s wbomsoever; and the said Borrower hen:by relinquishes all right! of homestead. and all marital rights, either in law or io equity, and all other contingent interests of the Borrower in and lO the above-descnbed premises, and intention being 10 oonvey hereby an absolute title, in fee simple. including all riglnsof homestead, and other rights and interestll u .roresaid. PnMded AIwlIys, and Ib"", presents are executed and delivered unto the Trost... in trust. bowever for lite following purposes: Wheras, the Borrower on Ibe 23. da, or November. 19 B8 . borrowed from 'he Lender the sum of Twenty Four Thousand Two Hundred Fifty and no/1oo---------------------__ -------______________________n DoIIm (S 24,250.00 ), for which sum the Borrower has executed and delivered to the Lender Borrower's promissory note of e.en date, bearing inteJeslofthelllCof Nine & eighty hun~l1IIn( 9.Bo %) per aonum on the unpaid balaoce until paid. The said principal and interest shaJI be pay,ble a' the office of Home Federal Savings and Loan Association of Grand Island, 221 souht locust in Grand Island, Nebraska ,or at such other place as the holder oflbe note may designste in writing, in monthly installments of Two Hundred Forty Four and 58/100-------------- ------------ DolIars{S 244.58 ), commencing on the firnday or January 19 89 and on the first day of each mlllllh thereafter unul the principal and ioterest are fully paid. except that the final payment of principal a,Id interest, if not sooner paid, sItaIl be due and payable on the rust day of December 20 05 This form is used in connection with mortgages Insured under the one- to four-family program! of the National Housing Act (including Sectiona 203(b) and (I)} which require a One-Time Mortgage Insurance Premium payment in accordance with the regulations for those programs.. Page 1 of5 form HUJl.lI21eDT.113-88 edition) 24 CFA 2If- ~')I ..., r . \t~~'li"