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Stale 01 Nebraska Deed of Trust 88-106520 I -- ------ ] ~2'iA-ci'2Bo1714-748 (b) This Deed urTrust ("Securily Instrument") is made on Oecerrber 1 19 88 The trustor is Daniel S. Puckett, a single person and Karen S~ a single person ("Borrower"), The trJ.5lee is Arend R ~ 68801 Rohweder t 8aack ("Trustee"), The beneficiary is , which is organized and existing 221 South Locust ("lender"). Home Federal Sav lngs and under the: laws of Nebraska Grand Island, Nebraska Loan Association of Grand Island . nnd whose address is Witnesseth: That the Borrower in coflSideralion of the debt nnd trust hereinafter uescnbed and created, IlI1d the sum of One DoUar ($ I ). to him in hand paid by the Trustee, the receipt of which is hereby acknowledged. droes by the:.e presents gralll. bargain and sell. convey and confirm. unto the Trustee in trust. with power of sale. forever, all urlhe following described real estate. situated lying and being in me County of Hall . and Slale of Nebraska. to wit: Tt-e Southerly Eighty-three and One Half (83-1/2) feet of Lot Five (5), in 8lock One Hundred Twenty-five (12S), in Union Pacific Railway Canpany's Second Addition to the City of Grand Island, Hall County, Nebraska. The rider to the mortgage attached hereto anrt 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 bas the address of 222 West 7t,~itreet Grand IslanGla')1 Nebraska 68801 IlJpCudl:'1 ("Property Address"l: To Have and To Hold the premises abel/I: described. with all the appunenances thereunto belongmg and includmg all heating. plumbing and lighting fixtures and equipment now or hcrc:aflcr attached to or l15Cd in connection with said real estate unlo the Trustee. and to its ~rr. and R.'iSigns. forever. The Borrower reprt5CDls Lo, and convcnnnts with. the Trustee. th.allhe Borrower has goOO rigbllo sell and amvty said premises: that they are free from encumbranc::e: and that the Borrower WIll warrant and defend lhe same against the lawful claims of all persom whomsoever. and lhe said Borrower hereby relinquishes all rights of homestead. and all marital rights.. either in law or in equity, and aU olher contingent inlCTf.:Sts of the Borrower in and to the above-described premises. and intention being to convey hereby an absolute tide. in fee simple. inCluding all rights of homestead. and other rights and interests as aforesaid. Provided Always. and these presents are execuLed and delivered unto the Trustee.. In trust however for the fonowing purposes: Whereas, lhe Borrower on the 1st . day of December ,19 88 ,borrowed from the Lender lbe sum of Thirty Nine Thousand and no/100-------------_______________________________ Dollar.; 1$ 39, ODD . DO ~ for wluch sum lhe Borrower has executed and delivered 10 lhe lender Borrower's promissory nole of even dalt, bearing interest of the rille of Ten & one/half per centum ( 10. sa %) per annum on the unpaid lWance un!!l paid. The said principal and inu:restshall be payable at the office of Home Federal Savings and Loan Association of Grand Island, 221 South Locust in Grand Island, Nebraska ' or at such other place as lhe holder of the note may designate in writing, in monthly installments of Three Hundred Fifty Six and 75/100----------------- -------------- Dollar.>(S 356.75 ),oonunencingon lhc: first day of January 19 8~ and on the lirst day of each month lhereafter umillhc principal and intcle'il arc fully paid. except that the final payment of printipal Bod Interest. if nOI sooner paid, sh1l1 be due Bnd payable 00 the f"" day of Decemer 20 18 This form Is used in connection wllh mortgages Insured under the one- to four-family programs 01 the National Housing Act (including Secllons 203(b) and (I)) which require a One- Time Mortgage Insurance PremIum payment in accordance with the regulations tor those programs Pagel 015 fann HUD-42W.tG~ (3:-8a odition) .. CFR 2<13.17/01.;.. . I