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~ul_:\06953 Slale of Nebra~o' DEED OF TRUST 220600B23 1'114 I'~... N" 321-12B5200-703 THIS DEED OF TRUST, ("Security Instrumen,") IS mude on DECEMBER 27 19 BB. The lruslor is STEVEN R. ZURBDCHEN AND TAMMY S. ZURBUCHEN, HUSBAND AND WIFE ("Borrower"). The trustee is COMMERCIAL FEDERAL SAVINGS & LOAN ASSOCIATION OCCIDENTAL NEBRASKA ,'EDERAL SAVINGS BANK under the laws of NEBRASKA . and whose address is 11704 W CENTER RD OMAHA, NEBRASKA ("Trustee"), The henefieiary is . which is organized and existing ("Lender"). . Witnesseth: That the Borrower in consideration of the debt and trust hereinar1er described and created, and the sum afOne Dollar ($1), to him in-hund paid by the Trul'tee, the receipt of which is hereby acknowledged, does by these presents grant. bargain and sell. convey and confirm, unto the Trustee. forever, all of the following de:;cribed real estate, situated lying and being in the County of HALL . and Stale of Nebraska. to wit: LOT ONE (1), IN FRACTIONAL BLOCK EIGHT (B). IN WOODBINE ADDITION TO THE CITY OF GRAND ISLAND, HALL COUNTY, NEBRASKA. which has the address of 2203 WEST DIVISION (Streetl GRAND ISLAND ICilyl Nebmska 688D1 (Zip ellde'1 ("Property Address"); To Have and To Hold the premises above described. with all the appurtenances thereunto belonging and including all heating. plumbing and lighting fixtures and equipment now or hereafter attached to or used in connection with said real estate unto the Trustee. and to its successors and assigns, forever. The Borrower represents to, and covenants with. the Trustee. thut the Borrower has good right to sell and convey said premises; that they are free from encumbrance; and that the Bor- rower will warrant and defend the same against the Jawful claims of all persons whomsoever; and the said Borrower hereby relenquishes aU rights of homestead. and all marital rights. either in law or in equity. and all other contingent interests of the Borrower in and to the above-described premises. the intention being to convey hereby an absolute title. in fee simple. including aU rights of homestead. and other rights and interests as aforesaid. Provided Always, and these presents are executed and delivered unto the Trustee. in trust. however for the foUowing purposes: Whereas, the Borrower on the 27TH . day of DECEMBER . 1988 . borrowed from the Lender the sum of FIFTY THOUSAND SIX HUNDRED SIXTY ONE AND 00/100 ------------------ Dollars ($ 50,661.00 ), for which sum the Borrower has ex.ecuted and delivered to the Lender Borrower's promissory note of even date. bearing interest at the rule of EIGHT AND EIGiIY-;EIGn' azE-HIlNDREIIIHS per centum ( 8.880 %) per annum on the unpaid balance until paid. The said principal and interest shall be payable al the office of OCCIDENTAL NEBRASKA FEDERAL SAVINGS BANK-11704 W CENTER RD in OHABA. NEBRASKA . or at such other place as the holder of the nole may designate in writing. io montbly inSlallments of FOUR HUNDRED THREE AND 26/100 ___________ Dollars ($ 403.26 '. 'Jmmencing on the firs! day of FEBRUARY . 1%9 . and on the first day of eac~ mr .Im thereafter until the principal and interest are fully paid. except that the final payment of principal and interest. if nOl sooner pai4. shall be due and payable on me firs! day of JANUARY 2019 Borrow.r and Lmdtr roveoanl and agree as fOOD.... l. That.Borr,?wer will pay the indebtedness. as hereinbefore provided.. Privilege is reserved 10 pay the debt in whole OJ'_ in ~ on. any inslallm~t due date... 2. That. together with. and in addition to. the monthly payments of principal nnd interesl payable under the terms of the note secured hereby. the Borrower will pay to the Lender. on the first day of each month until the said note is fully paid., the fonowing sums: Page' 01 4 RE.537 lOg0f::~ Form HUD.g214:J..DT ReV:- .2IBB 6LPI 24CFR 203 17(al