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73948-1-20 This form fs used in connection with mortgages Insured under the one-to four-famUy provisIons of the National HO\lslng Act. MORTGAGE 87== 107363 r- THIS MORTGAGE. made and executed this . 29th day of baw naIl L~Williams, a s1ngLe person,"ana een , Jil Ann Neal, a siMle person jointly an severally and e~ch 1n theIr own of the County of Ball caUed the Mortgagor. and FIRST FEDERAl. SAVINGS AtHl T.oAN December . A.D. 1987 . by and right, . and the Slate of Nebraska. party of the first part. hereinafter ASSOr.TATTON OF T.TNr.OTN a corporation 0I'gMlzed and existing under the Isws of The United States of America second pili. herenaner caIed the Mortgagee. party of the Forty Thousand Four Hundred Fifty and WlJNESSETH: That the said Mortgagor, for and in COIlsldaration of the sum of 4(4)0.00 no/100 ' DoIIa1s ($ " paid by the Mortgagee, the receipt of which is hereby adaloMedged. has Granted and Sold and by these presents does Giant. Bargain. SeI. eou:t and Confirm unto the Mortgagee, its successors Md assigns. foreyer. the followilg.desa'bed real eslate. situated in the County 01 Ha I . Md the State of Nebraslca. to wit: Lot Nineteen (19), Buhrman Subdivision. an Addition to the City of Grand Island. Hall County. Nebraska. of the Sbclh PJi.'lCipal Mer:'kian. contairmg in aI city propert\" acres lICClM'ding to Go. envnent surrey: TO HAVE AND TO HOlD the premises above desabed, with althe appurtenances thueunto belonging and incbfng aJ heatii'lg, pUnbilg and I9hting fbdures and ~t now 0(' hereafter allached to or used in connection with said real es'Ia1e unto the Mortgagee. Md to ils successors and assigns. forev.. The Mortgagor represents to, and oovenants v.iIh. the Mortgagee. tbat the Mortgagor has good right to sell alld COIlYf!J said prerrjses; that thf!J are tree from encumbrance; and that the Mortgagor ""jJ \\-'aITaJlt and defend the same agairlst the lavtiul eIaims of aI ptnons wh_tr. and the said Mortgagor hereby relinquishes aI rights 01 homestead. and aJ maIIiaI rigtlts. eilhet in law ()( in equity. and al other contingent interests 01 the Mortgagor in and to the above-described premises. the intention being to com'f!J hereby an ab- solute title. In fee ~le. inclucflllg aI rights of homestead. and other rights and interests as aforesaid. PROVIDED AlWAYS. and these presents are executed and de1<<ered upon the fC>llowmg conditions. to \'oit: , , . . Forty Thousand Four Hundred Fifty and Jl;,/.1f6gagor agrees to pay to the r.,ortgagee. 0/' order. the pnnOpal sum of OC>llars($ 464.56.66 with int-.t from ~e.t the rate 01 :Len and Une tourth Del' centum! 10.250 %) per annum 011 the uopa;~' ~ until paid. The said pmcipaI and interest shal be Jl&')'aI:lIe at the ollioe 01 Firs t Federal SavinllS and Loan Association of Lincoln in Lincol.R. Nebra~d 81 'f :l ~ a~sw:b<ftY'er place .s the hOlct.r oIlhe note may designate in writing, in monthly iI1S1dn11l!s 01 tree nun Aly..u F n b l5'rJ, J62.48 . ~ ~Ud~Y 1'88 ' DolIars($ ). commeooog on the first day 01 . , and on the first day of each month thereafter unli the principal and interest are fully paid. except that the2~t 01 principal and interest. it not sooner paid. shal be due and payable on the first day of Janua ry : aJ accorOOg to Ihe terms of a cel14in promissory note 01 even date herewith executed by the said Mortgagor. L The Mortgagor in order more fully to protect the seo.Jrity of this Mortgage. agrees: 1. That he wi( pay the indebtedness. as hereinbefore provided. Privilege is reSE!f\'ed to pay the debt. in whole or in part. on any installment due date. 2. That. together with, and in addition to. the monthly payments of principal and interest payable under the terms 01 the note secured hereby. the Mortgagor wiD pay to the Mortgagee. on the first day 01 each month until the said note is fully paid. the foRowing sums: P3Qe , Of 3 STATE OF NEBRASKA '<UD . 92143\1 ,'9.7$) " h -3