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<br />Slate of Nehralka
<br />
<br />88- 107053
<br />Deed of Trust
<br />
<br />32;:1M28740S-703 (b)
<br />
<br />ThIs Deed of TftISl ("Security Instrumenl") Is made on December 30
<br />19 88 Thetrustorjs Roger L. Dalland and Deborah K. Dalland, Husband and Wife
<br />("Borrower"). The trustee Is Arend R. Baack
<br />
<br />Loan Association of Grand Island ("Trustee"). The beneficiary Is
<br />, which Is organized and existing
<br />,and whose add""" Is 221 South Locust
<br />
<br />Home Federal Savings and
<br />
<br />under the laws of Nebraska
<br />Grand Island, Nebraska
<br />
<br />("Lender").
<br />
<br />WIlnesadh: That the Borrower in consideralion of Ihe debl and trust hereinaller described and created, and Ihe sum of One Dollar (SI), to
<br />bim in band paid by the Trustee, the receipt of which Is hereby acknowledged, does by these presents gran~ bargain and sell, conyey and
<br />confirm, unto the Trustee in trus~ with power of sale, foreyer. all of the following described real estale, situated lying' and being in the County of
<br />He II , and State of Nebraska, to wit:
<br />
<br />Lot Eight (B), 810ck One Hundred Thirty-four (134), Union Pacific Railway Company's
<br />Second Addition to the City of Grand Island, Hall County, Nebraska.
<br />
<br />The rider to the mortgage attached hereto and executed of
<br />incorporated herein and the covenants and agreements of the
<br />supplement the covenants and agreements of this mortgage.
<br />
<br />even date herewith is
<br />rider shall amend and
<br />
<br />"THIS IS A PURCHASE MONEY MORTGAGE"
<br />
<br />which bas the address of
<br />
<br />322 EAST 8~pTREET
<br />
<br />GRAND ISLAND
<br />
<br />(city)
<br />
<br />Nebraska 68B01
<br />
<br />(ZipCodel
<br />
<br />("Propeny Add"",,");
<br />
<br />To Have..... To Hold the premises aboye described, with all the appunenances thereunto belonging and including all healing, plumbing and
<br />lighting fixtures and equipment now or herealler attached to or used in connectiou with said real estate unlo the Trustee, and 10 its successors
<br />and assigns, foreyer. The Borrower represenls to, and convenants with, Ihe Trustee, Ihat the Borrower has good righl to sell and convey said
<br />premises; tbatlhey are free from encomb....",,; and that the Borrower will warrant and defend the same against the lawful claims of all persons
<br />whomsoever, and the said Borrower hereby relinquishes all righls of homestead, and all marital righls, either in law or in equity, and all other
<br />contingenl interesls of Ihe Borrower in and to the above-described premises, and intention being 10 convey hereby an absolute title, in fee simple,
<br />including all rights of homestead, and other rights and interests as aforesaid.
<br />
<br />Provided A1wayJ, and these prese..1s are executed and delivered unto Ihe Trustee, in trust, howeyer for the following purposes:
<br />
<br />WheraI, the Borrower on the 3Dth , day of December , 19 88 , borrowed from the Lender
<br />the swo of Twenty Dne Thousand Four Hundred Fifty and no/1DD-------------------------------
<br />u__________u_uu_____uuuu Dollars (S 21,450.DD ), for which
<br />sum the Borrower bas executed and delivered 10 Ihe Lender Borrower's promissory note of eyen date, bearing
<br />interest of the raleof ten per centwo ( 10.0 %) per annum on the unpaid balan"" until paid.
<br />The said principal and inten:st shall be payable allhe olli"" of Home Federal Savings and Loan
<br />Association of Grand Island, 221 South Locust
<br />in Grand Island, Nebraska , or al such olher place as the holder of Ibe note
<br />may designate in writing, in monthly installments of Two Hundred Thirty and 51/1 OO_u_______uuuuuu
<br />___u_u____u Dollani(S 230.51 ),commencingon the first day of February
<br />19 89. and on the first day of each month thereafter until the principal and interest are fully paid. ,,""pt that the final payment of principal
<br />and interest, if not sooner paid. shall be due and payable on the firsl day of January
<br />2004.
<br />
<br />This form II used in connection with mortgages Insured under the 0"8- to four-family programs of the National Housing Act (including
<br />Sections 203(b) and (i)) which require a One.T1me Mortgage Insurance Premium payment in accordance with the regulations 'or Ihose
<br />programs.
<br />
<br />:- ~'~~}jql ~ 3
<br />
<br />form HUD-82143.DT.l (3-88 edition)
<br />24 CFA 203.17(a)
<br />
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