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a
<br />87-104004 '
<br />84a of Iebmskii AAOr'tgag® MA GO" Me..
<br />321 - 1183460- 203(b)
<br />This Mortgage, made and executed this Lst day of July -
<br />19 87, by and between Janes P Petersen and Debra E. Petersen, each in his and her own right
<br />and an 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 St
<br />Grand Island, Nebraska
<br />a OWPOMOOR organised and existing umder the laws of The State of Nebraska ,
<br />MM of the second part, hereinafter called the Mortgagee,
<br />Wkwamedu Thu the said Mortgagor, for and in consideration of the sum of Thirty -Five Thousand and oo/ 100- -
<br />--------------------------------------------- -- - - -- -Donna (f 35,000.00 ). Mid by the Mort-
<br />Ayes, the re -'Pt of which is hereby acknowledged, has Granted and Sold and by these presents does Grant, Bargain, Sell, Convey
<br />and Confirm lthe Mortgagee, its successors and taigas, forever, the following- described real caste, aituatal in the County of
<br />and State of Nebraska, to wit:
<br />Lot Two Hundred Twenty -One (221),in West Lawn, an Addition to the
<br />City of Grand Island, Hall County, Nebraska.
<br />--------------------------
<br />of the Sixth lyrmripd Mmdian, containing in all acre according to Government survey:
<br />To lk" and To M" the prestisa shove described, with all the appurtenances thereunto belonging and including all )eating,
<br />plambing and lighting fixtures and equipment now or hereafter attached to or used do connection with said real estate unto the Mort-
<br />gages. and to its succaews and assigns. forever. The Mortgagor represents to. and covenants with, the Mortgagee, that the Mort-
<br />gagor ban good right to sell and convey said premise; that they are free from encumbrance: and that the Mortgagor will warrant and
<br />defend the tam gains the lawful claims of all persons whomsoever: and the said Mortgagor hereby relinquishes all rights of
<br />homestead. and a8 mvitai rights. either in law or in equity, and all other contingent interests of the Mortgagor in and to the above -
<br />described ptmuisa, the intention being to convey hereby an absolute title, in fa simple, including all rights of homestead, and other
<br />right and ids m aforadd.
<br />rawdbd Always, and these preens are executed and delivered upon the following conditions. to wit:
<br />The Mortgagor agrees to My the Mortgagee, or order, the principal sum of tiny -Five Thousand and oo/ 100-- -
<br />------------------ --------------------- -- - - - - -- T is 35,000.00 ),
<br />with interest from date at the rate of Nine and one -Half per centurn ( 9 � ti's) per annum on the
<br />uagadd baHnn until paid. The said principal and interest shall be payable at the office of The EquitableBuilding 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 Two- Hundred inet v-Fpur a d / 100
<br />3p ------------------
<br />------------- Dollars (di 294 .30 . comrneac►ng on tie (Ertl day of— July
<br />19 87, and on the first day of each month thereafter until the principal and interest are fully Mid, except that the final payment of
<br />prkscipal and interest, if not sooner paid, shell be due and payable on the first day of June
<br />30 1 all according to the tame of a contain promissory tote of -ven date herewith executed by the said Mortgagor.
<br />TM form Is used M connection with monoWn Insured under the one- to four•farnily programs of the National Housing Act which pro•
<br />Wds for pedodle Mortgage Insurer" P"fum payments.
<br />Previous f dltions Are Obsofste
<br />Pape 1 of 4
<br />A
<br />24 CFR 203.
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<br />OR
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