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88- 107077 State 01 Nebraeka Deed of Trust FHA CoIH Ho. 321-1286757-748 (b) 11111 Deed ofTIUIl !"~'<'~""'!' Instrument") is made on December 30 1988 ,The truster L. Steven R. Austin and Melody A. Austin, Husband and Wife __________________________________ ("Borrower"), The trustee is COOlmercial Federal Savings and Loan Association C'Trusteett). The beneficiary is Home Federal Savings and Loan Association of rrand Island ,which is organized end existing under the laws 01 Nebraska . and wh... eddress is 221 South Locust Grand Island, Nebraska 68801 ("Lender"). Witnesseth, That the Borrower in consideration of the debt and trust hcrcinefter described end created, and Ihe sum of Ooc Dollar ($1), 10 him in hond paid by the Trustee, ,he receipt of which is hercby ecknowledged, docs by these presents grant, bargein and sell, convey and con6nn, unto the Trustee in trust, with power of sale. forever 1 all of the following dts:ribed real estate. situated lying Bnd being in the County of Hall ' and State of Nebraska, to wit: Lot Two Hundred Forty One (241) in Belmont Addition. an 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 rider shall amend and supplement the covenants and agreements of this mortgage. "THIS IS A PURCHASE MONEY MORTGAGE" which bas the address of 308 NORTH CUSTE5=o, GRAND ISLAND (city) Nebraska 68B03 (Zip C<Xk1 ("Propeny Address"); To Haye and To Hold the premises above described, with all the appunenances thereuoto belonging and including all heating, plumbing and lighting flXtures 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 represeots 10, e"d conycusnts wilh, the Trustee. that the Borrower has good right 10 sell and convey said premises; thet they are free from encumbtance; and thet the Borrower will warrant and defend the same ageinst the lawful claims of all perrons wbomsoever; and the said Borrower hereby relinquishes all rights of homestead, and all marital rights. either in law or in equity, and all other contingent interests of the Borrower in and 10 the above-descn'bed premises, and inteotion being to convey hereby an absolute title. in fee simple. including all rights of homestead, and other rights and interests as aforesaid. Provided Always. and these presents arc executed and delivered UDIO the Trustee. in trust, however rOf the rollowing purposes: WIaereas, the Borrower on the 30 , day of December ,19 88 . borrowed from the Lender the sum of Forty Six Thousand One Hundred Fifty and no/100--n-------------------n----- ____n_n__________nnnn________ Dollan;(S 46,150.00 ), for which sum the Borrower has executed and delivered 10 thl'.,I;e~ f!R.rr.ower's promissory DOte of even date, bearing interest of the rale of eight & sixty five'~rtJ:lIm\/''t 's B. 65 %) per anoum on the unpaid balance oatil paid. The said principe! and interesl sholl be payable atthc office 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 desigoate in writing, in monthly installments of Three Hundred Sixty Five and 37/1 oo----------n-- ______________ DoI1ats(S 365.37 ),commencingon the flIStdayof February 19 89 , lad on the first day of each month thereafter oatil the principal and interest are fully paid. except thelthe final payment of priocipal and interest, if 001 sooner paid. shall be due and payable on the first day of January 20 17 This form Is used In connection with mortgages Insured under the one- to four-family programs 01 the National Housing Act (including Sections 203(b) and (I)) which require 8 One-Time Mortgage Insurance Premium payment In accardance with the regulations for those programs. Page 1 01 5 lorm HUD-V2143.DT,1 (3-88 edition) 24 CFR 203. t!(.\ ~ (\ ,~ .;. L ~