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87-- 104348
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<br />gt. at NNWsgg Mortgage 3;"1-1194979-203 —
<br />(b)
<br />TMs Mortgage, made and executed this 23rd day of July
<br />19 87 , by and between .ferry L Smith and Betty L Smith, each in his and her own right
<br />and as spouse of each other,
<br />of an 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 corporation organized sail existing under the laws of the State of Nebraska
<br />party of the second part, hereinafter called the Mortgagee,
<br />whine eNh: That the said Mortgagor, for and in consideration of the sum of Twenty - Thousand -ONe Hundred and
<br />oo/ 100---------------------------------- --- --- - - - - -- Dollars ($ 20, 100.00 ), paid by the Mort -
<br />gages, the receipt of which is hereby acknowledged, has Granted and Sold and by than 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 />Hall , and State of Nebraska, to wit-.
<br />The Westerly Fifty Two(52) Feet of Lot One (1), Block Seven(7), in South
<br />Grand Island, an Addition to the City of Grand Island, Hall County, Nebraska.
<br />of the Sixth Principal Meridian, containing in all ----------------------- ---- acres according to Government survey:
<br />To Have and To Add 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 />pow, and to its successors and asdgus, forever. The Mortgagor represents to, and covenants with, the Mortgagee, that the Mort-
<br />"for 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 sine against the lawful claims of all persons whomsoever; and the said Mortgagor hereby relinquishes all rights of
<br />bomesteed, 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 />Provided Alwgs, and these presents are executed and delivered upon the following conditions, to wit:
<br />The Mortgagor agrees to pay the Mortgagee, or order, the principal sum of Twenty Thousand -One Hundred and
<br />--------------------- - - - - -- Dollars (S 20 ).
<br />00 /100------- ------ - - - - -- ,]00.00
<br />with interest from date at the rate of Nine and One /half per centum ( 9.50 %) per annum on the
<br />unpaid balance until paid. The said principal and interest shall be payable at the office of The Equitable Building S Loan
<br />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 One Hundred Sixty -Nine and 02 /100 ----------
<br />------------- Dollars (S 169.02 ), commencing on the first day of August
<br />19 87 , acrd 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 July
<br />2417 ; all according to the terms of a certain promissory note of even date herewith executed by the said Mortgagor.
<br />This form is used in connection with mortgages Insured under the one- to four-family programs of the National Housing Act which pro -
<br />vide for periodic Mortgage Insurance Promfum payments. -- - -_
<br />Previous Editions Are Obsolete HUD-92143M
<br />Page 1 of 4 24 CFR FR 203.171b)
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