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87-- 104383
<br />State of Nfiltl/afilta Mortgage I FHA 1 119 8130-203 (b)
<br />This Moelgege, made and executed this 24th day of July
<br />19 87 , by and between Darold D. Brown and Tammy L. Brown, each in his and
<br />her own 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 Mortgyor,and The Equitable Building and Loan Association, 113-115
<br />North Locust Street, 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 />Winne sue: That the said Mortgagor, for and inconsideration of the sum of Forty Five Thousand
<br />One Hundred Fifty and no /100 ----------- - - - - -- Dollars (S 45,150.00 ), 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 />Hall , and State of Nebraska, to wit:
<br />Lot Two (2), J.S.C. Subdivision, in the city of Grand Island,
<br />Hall County, Nebraska
<br />of the Sixth Principal Meridian, containing in all
<br />acres according to Government survey:
<br />To Have aai To Held 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 />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 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 />ProvMed Always, and these presents are executed and delivered upon the following conditions, to wit:
<br />The Mortgagor alprees to pay the Mortgagee, or order, the principal sum of Forty Five Thousand
<br />One Hundred Fifty and no /100 — — — — — — — — — — — — — — — - Dollars($ 45,150.00 )
<br />with interest from date at the rate of Ten per centum ( 10 . 0 We) per annum on the
<br />unpaid balance until paid. The said principal and interest shall be payable at the office of The Equ i tab 1 e
<br />Building and 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 Three Hundred Ninety Six and 22/100 - - - --
<br />---------- ---Dollars (S 396.22 ),commencing on the first day of August
<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 July
<br />2A 17 ; 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 />Vida for periodic Mort(lape Insurance Premium payments.
<br />Previous Editigns Are Obsolete HUD- 22143M (3-8e Edition)
<br />Page 1 of 4 24 CFR 203.17(b)
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