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88- 1027'0' State of Nebraska Mortgage FHA c... No, 321-' 1245089-703 (b) J '- This Mortgag-:. made and e"~.iJted this 19 88, by and between Lynn Allen of the County of Hall . and State of Nebraska. party of the first pari, hereinafter called the Mortgagor. and Home Federal Savings and Loan Association of Grand Island . 24 day of May Weaver, a single person a corporation organized and existing under the laws of Nebraska party of the second pari. hereinafter called the Mortgagee. Wllnesselh; That the said Mortgagor. for and in consideration of the sum of Fifty Thousand Two Hundred and no/100-uu--u-u__uu___u_____________ Dollars ($ 50,200.00 ), paid by the Mort- gagee, the receipt of which is hereby acknowledged. ha, Granted and Sold and by these presents does Grant. Bargain, Sell, Convey and Confirm unto the Mortgagee, its successors and assigns, forever. the following-described real estate, silUated in the County of . Hall . and State of Nebraska, to wit: Lot One Hundred Fifty Six (156). in West Lawn 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" of the Sixth Principal Meridian, containing in all city lot acres according to Government survey: To Han and To Hold the premises above described, with all the appurtenances thereunto belonging and including all heating, plumbing and lighting fixtures and equipment now or hereafter attached to or used in connection with said real estate unto the Mort- gagee. and to its successors and assigns. forever, The Mortgagor represents to, and covenants with, the Mortgagee, that the Mort- gagor has good right to sell and convey said premises; that they are free from encumbrance; and that the Mortgagor will warrant and defend same against the lawful claims of all persons whomsoever; and the said Mortgagor hereby relinquishes all rights of homestead, and all marital rights, either in law or in equity, and all other contingent interests of the Mortgagor in and to the above-described premises. the intention 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 are executed and delivered upon the following conditions, to wit: The Mortgagor agrees to pay the Mortgagee, or order, the principal sum of Fifty Thousand Two Hundred and no/100-u-:..u----u--------------------------------------- Dollars ($ 50.200.00 ), with the interest from date at the rate of T en per centum ( 10 .00 lITo) per annum on the unpaid balance until paid. The said principal and interest shall be payable at the 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 designate in writing, in monthly installments of Four Hundred Forty and 54/100---------------- _____________________ Dollars ($ 440.54 l, commencing on the first day of July 19 88 ' and on the first day of each month thereafter until the principal and interest are fully paid, except that final payment of principal and interest, if not sooner paid, shall be due and payable on the first day of June 20 1 8 ; all according to the terms of a certain promissory note of even date herewith executed by the said Mortgagor. This form Is used in connection with mortgages insured under the one, to four-family programs of the National Housing Act which re- quire a One-Time Mortgage Insurance Premium payment (including sections 203(b) and (i)) in accordance with the regulations for those programs. Previous Editions Are Obsolete Form 2665 (8710) Page , 01 4 HUD-92143M-1 (11-86 Editionl 24CFR 203,17(a) To Reorder CaD GREA T LAKES BUSINESS FORMS, INC, Nato1al!y , .a00.253.Qi?Q9 . Moehog"" 1 .800.358.2643 -1