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<br />State of Nebraska
<br />
<br />88- 103716
<br />Mortgage
<br />
<br />FHA ea.. No.
<br />321 1251213 203(b)
<br />
<br />r
<br />
<br />nil Mortaaae, made and executed this 8 th day of July
<br />1988 ,by and between Todd W. Swartzbaugh and Cheryl L. Swartzbaugh, each in his and her own
<br />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 Mortgqor, and The Equitable Building and Loan Association, 113-115 North Locust Street
<br />Grand Island, Nebraska
<br />a corporation organized and existing under the laws of the State of Nebraska
<br />party of the second part, hereinafter called the Mongagee,
<br />
<br />Wlblelletb: That the said Mortgagor, for and in consideration of the sum of Sixteen Thousand Six Hundred and
<br />no/ 100 -------------------------------------------------Dollars ($ 16,600.09 ), 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 Confmn 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 One Hundred and Six (106) of Buenavista 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 IIDd To Bold 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 Mon-
<br />gagee, and to its successors and assigns, 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 aU 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 premiEes, the intention being to convey hereby an absolute title, in fee simple, including all rights of homestead, and other
<br />riabts and interests as aforesaid.
<br />
<br />Prcmded AlwaYI, and these presents are executed and delivered upon the following conditions, to wit:
<br />The Mortpaor agrees to pay the Mortgagee, or order. the principal sum of Sixteen Thousand Six
<br />
<br />-------------------------------------------------------Dollars ($ 16,600.00
<br />
<br />with interest from date at the rate of Ten per centum ( 10.0
<br />unpaid balance until paid. The said principal and interest shall be payable at the office of The Equitable
<br />Association
<br />in Grand Island, Nebraska ,oratsuchotherplaceastbeholderofthenote
<br />may desianate in writing, in monthly installments of One Hundred Forty Five and 68/100 --------------------
<br />-----------------Dol1ars ($ 145.68 ), commencing on the first day of September ,
<br />1988 ,and on the first day of each month thereafter until the principal and interest are fully paid, except tbat the final payment of
<br />principal and interest, if not sooner paid, shall be due and payable on the first day of Augus t
<br />20 \8; all according to the terms of a certain promissory note of even date herewith executed by the said Mortgagor.
<br />
<br />Hundred and no/IOO
<br />),
<br />0Ja) per annum on the
<br />Building and Loan
<br />
<br />This form Is used In connection with mortgages Insured under the one- to four-fllmlly programs of the National Housing Act which pro.
<br />vide for periodic Mortgage Insurance Premium payments.
<br />Previous Editions Are Obsolete
<br />
<br />Page 1 01 4
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<br />HUD-821UM (HI Edition)
<br />24 CFR 203.17(b)
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