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<br />88- 100724
<br />
<br />State of Nebraska
<br />
<br />Mortgage
<br />
<br />321-1226248-203b
<br />
<br />FHA CUD No.
<br />
<br />This Mortgage, made and executed this 10th day of February
<br />1988 ,byandbttween James B. Welch, Sr. and Connie L. Welch, each in his and her
<br />own right and as spouse of each other,
<br />of the County of Hall, and State of Nebraska, party of the first part, hereinafter called
<br />the Mortgagor, and The E qui tab 1 e B u i 1 din g and Loa n Ass 0 cia t ion, G ran d I s 1 and ,
<br />Nebraska,
<br />a corporation organized and existing under the laws of the S tat e 0 f Neb r ask a ,
<br />party of the second PlUt, hereinafter called the Mortgagee,
<br />
<br />....;.,
<br />
<br />Wltneueth: That the said Mortgagor, for and in consideration of the sum of T h i r t y Six Tho usa n d T h r e e
<br />Hun d red and no / I 00 - - - - - - - - - - - - - - - - - - - - - - - - - - Dollars ($ 3 6 , 3 0 0 . 00 ), paid by the Mort-
<br />gagee, the receipt of which is hereby acknowledged, has Granted and Sold and by these presents does Grant, Bargain, Sell, Convey
<br />and Conf1J1l1 unto the Mortgagee, its successors and assigns. forever, the following-described real estate, situated in the County of
<br />Hall . and State of Nebraska, to wit:
<br />
<br />Lot Three (3), Virden Subdivision, in the City of Grand Island, Hall
<br />County, Nebraska.
<br />
<br />of the Sixth Principal Meridian, containing in all
<br />
<br />acres according to Government survey:
<br />
<br />To Have ud To Hold the premises above described, with all the appurtenances thereunto belonging and including all heating,
<br />plumbing and lighting fIXtures and equipment now or hereafter attached to or used in connection with said real estate unto the Mort-
<br />gape, and to its successors and assigm, forever. The Mortgagor represents to, and covenants' with, the Mortgagee, that the Mort-
<br />gagor has good right to sell and convey said premises; that they are free from encumbrance; and that the Mortgagor will warrant and
<br />defend the same against the lawful claims of all persons whomsoever; and the said Mortgagor hereby relinquishes all rights of
<br />homestead, and all marital rights, either in law or in equity, and all other contingent interests of the Mortgagor in and to the above-
<br />described premises, the intention being to convey hereby an absolute title, in fee simple, including all rights of homestead, and other
<br />rights and interests as aforesaid.
<br />ProYlded AJW8J8. and these presents are executed and delivered upoa the following conditions, to wit:
<br />The Mortgagor agrees to pay the Mortgagee, or order, the principal sum of T h i r t y Six Tho usa n d T h r e e
<br />Hun d red and no/I 00 - - - - - - - - - - - - - - - - - - - - - - - - -l}ollars ($ 36 , 300 . 00 . ),
<br />with interest from date at the rate of Ten and 0 n e - Hal f per centum ( I 0 . 5 070) per annum on thc
<br />unpaid balance until paid. The said principal and interest shall be payable at the office of The E qui tab i e B u i 1 din g
<br />cne. Loan Association, Grand Island, Nebraska,
<br />in' G ran d I s 1 a II d, Neb r ask a , , or at such other place as the holder of the note
<br />maydesignateinwriting,inmonthlyinstaIll11entsof Three Hundred Thirty Two and 05/100 ---------
<br />-------------DoUars ($332.05 ), commencing on the first day of March
<br />1988 ,and on the fust day of each month thereafter until the principal and interest are fulIy paid, except that the final payment of
<br />principal and interest, if not sooner paid, shalI be due and payable on the fust day of February
<br />20 18 ; all according to the terms of a certain promissory note of even date herewith executed by the said Mortgagor.
<br />
<br />Thl8 form 18 U8ed In connection with mortgages Insured under the one- to four-family programs of the National Housing Act which pro-
<br />vide for perlodlo Mortgage In8urance Premium payments.
<br />
<br />Prevlou8 Edl!lon8 AIlI Obsolete
<br />
<br />.
<br />Page 1 <of 4
<br />
<br />HUD-92143M (3-86 Edlt!on)
<br />24 CFR 203.17(b)
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