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Slale of Nebraska 88- 105531 Deed of Trust ';;~':;;6B175 74~- (~)J ThIs Dood orT_ ("Security lnstrum.nt") is mad. on October 14 19 88 . The trustor is Kevin A. Pedersen and DEbra K. Pedersen, Husband and Wife __________________________________ ("Borrow.r"). Th. trustee is CCl11mercial Federal Savings and Loan Association ("Trustee"), The beneficiary is Home Federal Savings and Loan Association of Grand Island ,which isorganizcd and c1..lsting und.r th.laws 01 Nebraska ,and whose address is 221 South Locust Grand Island, Nebraska ("Leod.r"). Wltnessetb: 'That the Borrower in consideration of the debt and trust hereinafter described and crealed. and the sum of One Dollar (5 I ), to him in hand paid by lhe Trustee, the receipt of which is hereby acknowledged, does by lhese presc:n15 grant. bargain and sell. convey and I.Onfirm. unlo the Trustee: in trust. with power of sale, forever. all of the following described real estale. situaled lying and being in lhe County of Hall . and Stale of Nebraska., to wit Lot Fifteen (15), in Meadow Lane SLi:ldivision, Hall County, Nebraska. The rider to the mortgage attached hereto and executed of euen date herewith is incorporated herein and the couenants and agreements of the rider shall amend and supplement the covenants and agreements of this mortgage. "THIS IS A PURCHASE MONEY MORTGAGE" whi.h has !he IIddress 01 342S PRIMRD SE ,m"" GRAND ISLAND 101)' N.bmska 68B01 (llpCudcl C"Propeny Address"); To Have lIDd To Hold the premises above described. with all the appunenances 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 unto the T rustce. and to i15 successors and assigns, forever. The Borrower represents to, and convenan15 with. the Trustee, tha.the Borrower has good right to sell and convey said premises; lhat they arc free from encumbrance; and thai the Borrower will warrant and defend the same against the lawful claims of all persons whomsoever; and me said Borrower hereby relinquishes all rights of homeslCad, and all marital righls. either in law or in equity, and all ollIer contingent interests of the Borrower in and to the above-descnbed premises. and inlention being lo 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 eJ.ecuted and delivered unlo the Trustee. in trust, however for the following purposes: Wberas,!he Borrower on !he 14th, day of October ,19 88 ,borrowed Irom the Lend.r the sum 01 Forty Nine Thousand Two Hundred Fifty and no/1Do-----------nn---------n ____________________ Dollars IS 49. 2S0 .00 ),Ior which sum the Borrower has exccutc:d and delivered to the Lender Borrower's promissory note of even date, bearin8 interest 01 !he rate 01 Eight & R~~b~ qK~per centum ( B. 65 %) per annum on the unpaid balance until paid, The said priocipal and inten:StshalJ'oe pa~r. a,ib. offICe 01 Home Federal Sauings and Loan Association of Grand Island, 221 South Locust in Grand Island, Nebraska I or at such other place as the holder of the note may desigoate io writing, io monthly installmcn1S 01 Th,.ee Hundred Eighty Nine and 92/100------------- ____________ Dollars IS 3B9. 92 ), commencing 00 the firs' day 01 December 19 88. and on the first day of each month thereafter until the principal and intereSt are fully paid. except that the final payment of principal and interest. if not sooner paid. shall be due Bnd payable on lhe first day of November 20 16, ThiS form is used in connection with mortgages insured under the one- to 10ur-family programs of the National Housing ACI!includmg- Sections 203(bJ and (I)) which require a One-Time Mortgage Insurance Premium payment in accordance with the regulations 10r those programs. page 1 01 5 form HUD-I214a-OT.1 (3-88 edition) 24 CFR 203.17(a)