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<br />of Nobrooke 119age
<br />87-- -1 Q 4 2 V 7 321, - 1198675 -203 (b)
<br />This Mwipp, me& and executed this 15th day of July
<br />ill 87 , by and between John T. Welch and Joyce M. Welch, each in his and her own right and as
<br />spouse of each other,
<br />at the CwAsay of Hall , and State of Nebraska, Party of the first part, berainafter CSlled
<br />tM Mostpeor.and The Equitable Building and Loam Association, 113 -115 North Locust Street
<br />Grand Island, Nebraska,
<br />a oocpasatim organized and existing under the laws of the State of Nebraska
<br />party of the eeoad par, hareisaffer c&W the Mortgagee,
<br />gWdssse t That the said Mortgagor, for and in consideration of the sum of Fifty –One Thousand Seven Hundred
<br />Fifty and no/ 100------------------------------------- --4)oUws (S 51, 750.00 ), paW by the Mort -
<br />Sagas, the receipt of which is hereby acknowledged, has Granted and Sold and by these presents does Grant, Bargain, Sell, Convey
<br />and Coaifirm unto the Morgagee, its sucaessm Std assigns, forever, the followin- described real estate, situated in the County of
<br />Hall , attd State of Nebraska, to wit:
<br />Lot Four (4), Block Two (2), West Bel Air Fourth Addition to the
<br />City of Grand Island, Hall County, Nebraska,
<br />of fin Sixth Principal Meridian. containing in all ----------- ------------ - - - - -- acres according to Government survey:
<br />To line Sant To INeM the p dna above described. with all the appurtenances thereunto belonging and including all locating,
<br />phualfing and lighting fixtures sod equipment now or hereafter attached to or used in connection with said real estate unto the Mort -
<br />sagas, and to in sacceaors and snips, forever. The Mortgagor represents to. and eovenastri with. the Mortgagee, that the Mori-
<br />ta hiss Bond 6SM to all and Convey said premises: that they are free in= eneuabrance; and that the Mortgagor win warrant and
<br />ds1, , the stets Sploat the lawful claim of all persons whomsoever; and the said Mortgagor hereby relinquishes all rights of
<br />bmssasad, tore sN saarU rights, ddw in law or in equity, and all other contingent interests of the Mortgagor in and to the above -
<br />ds m*W i; a -a, the insandon being to convey hereby an absolute title, in fee simple, including all rights of homestead, and other
<br />rights and insersels as aforestdd.
<br />rise i AJwaM and these presents are executed and delivered upon the foltowins conditions, to wit:
<br />The hGactgagor agrees to pay the Mortgagee, or order. the principal sum of Fifty –One Thousand Seven Hundred
<br />Fifty and no/ 100-------------------------------- - - - - -- 'Dollars($ 51,750.00 ),
<br />with ' , , frog dese at the rate of Ten per c entum ( 10 9i) per annum on the
<br />mnpmid balance uaell paid. The said principal and interest shall be payab'.e 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 />slaty d"Wasle in writing. is monthly iwta0mawts of Four Hundred Fifty –Four and 14/100-- - - - - -- -
<br />---------- ---- -- Doun (5454.14 ), commencing on the first day of August
<br />i! 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 />pdodpsi and harat, if sot sooner paid, shell be due and payable on thz first day of July 1
<br />20 17 ; all according to the terms of a certain prom�ory tote of evca date herewith executed by the said Mortgagor.
<br />TIN* tam ts word In connection with mortgages Insured under the ore• to four - family programs of the Natkmsf Mousing Act which pro•
<br />wAde sea parAedlc Mortasae irMurance Premium Pstnnants.
<br />HUO 9214t�A (i-M Mile
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