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) 88"';'103503 State of Nebraska 'Mortgage fMA CaN No, 321 1249494 203(b) This Mortpp. made and executed this 29 t h 1988 ,by and between Thomas J. Houdek and as spouse of each 'other. of the County of Ha 11 ' and State of Nebraska, party of the rmt pan, hereinafter called the MorlpIOr, and The Equitable Building and Loan Association. Grand Island day of and Margaret R. Houdek, each in his and her own right, June a c:orporation orpnized and existing under the laws of the State of Nebraska party of the second pan. hereinafter called the Mortppe, Wu-etll: That the said Mortpgor, for and in c:onsideration of the sum of Fifty Thousand One Hundred and no/100 ______________________________________________________-J)ollars ($ 50, 100.00 ). paid by the Mon- pace, the receipt of which is hereb~ acknowledged, hu Granted and Sold and by these presents does Grant, Bargain, Sell, Convey and Confirm unto the Monpgee, its IUCICelIIOR and assigns, forever, the following-described real estate. situated in the County of Hall , and State of Nebraska, to wit: Lot Nineteen (19), Kallas Second Subdivision, in the City of Grand Island, Hall County. Nebraska. of the Sixth Principal Meridian. containing in ail acres accordina to Govenunatt survey: To IIIrre .... To IIDW the pn:miJes above dCKribed. with all the appurteDances thereunto bdoDJiDa and inc1uc1iDa aU beatina, p1umbiDa aud JiIbtiDI rlXtUrel and equipme:Dt DOW or hereafter attached to or 1Ued in connection with said real estate unto the Mort- ppe, aucl to its IUCCCIIOA and ..... forever. The MortPIor representJ to, and c:ovenantJ' with, the Mortppe. that the Mort- PIOI' baa pod riabt to IeIl &Dd c:onVC)' said premiIcI; that they arc free from encumbrance; and that the Mortppr will wmant and dcf'ead the I&IIIe .,.mat the lawful c1aima of all perIODI whomsoever; and the said MortpgOr hereby relinquishes all riIbU of "'-......, aad alllDlrital ri;btI, either in law or in equity, and all other c:ontiqent interests of the MoJ1llllOl' in and to the above- daaibed premiIa, the intention beiDa to convey hereby an absolute title. in fee simple. includina all npts of homestead, and other ri&htI ad intaeItJ as aforesaid. "otlillll AhnIJI. and tbeIe presents are executed and delivered upon the following c:onditioDI. to wit: The Mortpaor apees to pay the Mortppe. or order. the principal sum of Fifty Thousand One ________________________________._____________________-Dollars (S 50, 100.00. with intcreIt from dm at the rate of Ten per centum ( 10.0 1IIIpeid balance until paid. Tbe said principal and interelt shall be payable at the office of The Equitable Association, in Grand Island, Nebraska, . or at such other place as the bolder of the DOte may d8ipu! in wri1inI. inJDODtbly installments of Four Hundred Thirty Nine and 66/100 ----------------- _______________~ (S 439.66 ), c:ommencina OD the tint day of July 19 88 . and OD the lint day of eadJ IDOnth thereafter until the principal and interest are fully paid. except that the rmal payment of principal and iDtereIt, if DOt IOOBeI' paid, shall be due and payable on the firIt day of June 20 18 ; all acc:ordinI to tile termI of . certain promiaory note of even dm herewith executed by the laid Monpaor. Hundred and no/IOO ), lI1t) per annum on the Building and Loan Thll form II UMd In connection with mol'lgagM Inaul8d under the one- to four-family programs of the National HOUllng Act which pro- vide for periodIC MortaaaelnaurMCe Pnlmlum peyments. PrwloUI Edltlonl ,,~ "'*>lele HlJD.ft1U1i1 (... EcIIIlon) Page 1 of 4 24 CFR 203.17(b) ......-