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<br />87— 103856
<br />State of Nebraska Mortgage r "ll e•" `& - - -�
<br />321 - 1188740- 203(b)
<br />Thf= Mortgage, made and executed this 8th day of June ,
<br />1987 ,by and between Jerry L. Clingenpeel and Sandra L. Clingenpeei, 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 Mortgagor, 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 Mortgagee,
<br />Wimesswit: That the said Mortgagor, for and in consideration of the sum of Fifty –Two Thousand Three Hundred and
<br />no/ 100------------------------------- --------- ---- - - - - -- Dollars (S 52,300.00 ), 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 Confirm unto the Mortgagee, its successors and assigns, forever, the following - described real estate, situated in the County of
<br />Hal l . and State of Nebraska, to wit:
<br />Lot Twenty (20), LeHeights Fourth Subdivision, Hall County, Nebraska,
<br />of the Sixth Principal Meridian, containing; in all - ---------------- - - - - -- acres according to Government survey:
<br />To Have well To Hal/ 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 />gages, 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 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 />ProvMW Always, and these presents are executed and delivered upon the following conditions, to wit:
<br />The Mq or agrees to pay the Mortgagee, or order, the principal sum of Fifty –TWO Thousand Three Hundred
<br />and no/It�O-- ! et----°---- --- °-- ---- ---- ----- -- - - - - --- Dollars ($ 52,300.00 )
<br />with lateral from date at the rate of Fight and One –Half per centum ( M %) per annum on the
<br />unpaid balance until paid. The said principal and interest shall be payable at the office of The Equitable Building and
<br />Loan Association
<br />in. Grand Island, Nebraska or at such other place as the holder of the note
<br />may designate in writing, in monthly installments of Four Hundred Two and 15 /100-------------------- --- - --
<br />------------ - - - -- Dollars (5402.15 ), commencing on the first day of July
<br />19 87 , and on the first day of each month thereafter until the principal and interest are fully paid, except that the final payment of
<br />principal and interest, if not sooner paid, shall be due and payable on the first day of June
<br />20 17 ; all according to the terms of a certain promissory note of even date herewith executed by the said Mortgagor.
<br />This form Is ueed, In connection with mortgages Insured under the one- to four-family programs of the National Housing Act which pro-
<br />rids for eerlodic laerfM Insurance Prannlum naymonta,
<br />Previous Editions Are obsolete — HUf }I n1n)
<br />Page 1 of 4 24 3.17jb)
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