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Slale 01 Nebraska 88- 106865 Deed of Trust l-- ________H ------;J---- 32; c~;. ~e6582 -703 (b) - ---~--_. -- ------ '11th Deed or Trust ("St.'curiIY Instrument") is made on December 16 19 88 . Th, !ruslor is Terry C. Sheen and Melanie S. Shaen, Husband and Wife ("Borrower"). The lrU.~ICC is Arend R. Baack Home Federal Savings and Loan Association of Grand Island. under the laws of Nebraska . and whose addrcs... is Grend Island. Nebraska ("Truslcc"). The beneficiary is . which is organil.ed and cxisling 221 South Locust ("Lender"). WItnesseth: That the Borrower in considemlion of the debl and trust hereinafter d~cribed and crcalcd, and the sum of One Dollar (51 ). to him in hand paid by the Trustee. the receipt of which is hereby acknowledged. does by these presents grant, bargain and sell. con\'cy and confirm. unto the Truslee in trust, with power of sale, forever, all of the following described real estate. siluated lying and being in lhe County of Hall . and Stale of Nebraska, 10 wit: Lot Thirteen (13), in 8lock Three (3), Dlde Mill Subdivision, an Addition to the City of Grand Island, Hall County, Nebraska. The rider to the mortgage attached hereto and ex.ecuted of even date here wi th is incorporated herein and the covenants and agreements of the rider shall amend end supplement the covenants and agreements of this mortgage w "THIS IS A PURCHASE MONEY MORTGAGE" which has the address of 2507 West Mill (~ijer Road Grend Isla'i\~" Nebraska 68801 (ZipCudel ("Property AddrCS5"); To Have and To Hold the premises above described. with all the appurtenances thereunto belonging and including all healing. plumbing and lighting fixtures and equipment now or hereafter attached to or used in connection with said real estate unlo the Trustee. and to its successors and assigns, forever. The Borrower represents to, and coovenants with, the Trustee. that tbe Borrower has good right to sell and convey said premises; thallhcy are free from encumbrance; and Ihat the Borrower will warrant and defend the same against the lawful claims of all persons whomsoever; and Ihe said Borrower hereby relinquishes wi rights of homeslead, and all marital rights. either in law or in equilY. and all other contingent interests of Ihe Borrower in and La the above.described premises, and intention being to convey hereby an absolute title, in fee simple. induding all rights of homestead, and other righlS and inlerests as aforesaid. Provided Always. and these presents are executed and delivered unto the Trustee, in trust. however for the following purposes: Whereas, the Borrower on the 15th . day of December . 19 88 , borrowed from the Lender lbe sum of Forty Nine Thousand Eight Hundred and no/100--------------------------------- --------------------------------- Dollars ($ 49,800.00 ), for wbich sum the Borrower has executed and delivered to the Lender Borrower's promissory note of even dale. bearing interest of the rate of ten & one/half per centum ( 10.50 %) per annum on the unpaid balance until paid. The said principal and inkrest sball be payable .,lbe olfu:e of Home Federal Savings and Loan Association of Grand Island, 221 South Locust - in Grand Island, Nebraska , or at such other place as the holder of the note may designate in wriling, in monthly installments of Four Hundred Fifty F ivs and 54/100----------------- -------------Dollars ($ 455.54 ), commencing on lhe firsl day of February 19 as. and on the fITSt day of each month lhereafter until the principal and interest are fully paid. exceptlhal the final payment of principal and inlerc5t, if nol sooner paid, shall be due and payable on the first day of January 20 19. This form IB used In connecllon with mortgages Insured under the one- to four-family programs of the National Housing Act (including 5ecUons 203{b) and (i)) which require a On8- Tlma Mortgage Insurance Premium payment in accordance with the regulations for those programs. Pagel 015 fOeilJ form HUM2143.DT.1 (3-88 edition) 24 CFR 203.17(.1