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76981 -1 -10
<br />This form Is Used In cannectton vAth....
<br />mgn~s Insured under the one-to
<br />fourfsmity ftrawslons of ft NoonM
<br />Houetng Act.
<br />,. MORTGAGE 87.. 105177
<br />TM MORTGAQE, made and executed thN 31st day of August AA, 1987 by and
<br />between Larry R. Schmitt and Jolene M. Schm tt qqusba d and wif
<br />NiAtly an each each in heir own right,
<br />of tin Ootmty of Hall , and the State of Nebraska, patty of the fiat pat, hereinafter
<br />called the Maliggpor, and FIRST FEDERAL SAVTNGR AND LOAN ASSr1CTATTAN OF T.TNrQT N
<br />a oorporvidon orgahlaed and existing under the laws of The United States of America party of the
<br />second pat, hereinafter called the Mortgagee,
<br />WnW— I%SETH: That the said Mortgagor, for and in consideration of the sum of Fifty Nine Thousand Five Hundred and
<br />no /100 Dollars ($ ►,
<br />paid by the Mortgagee, the recut of which is hereby acknowledged, has Granted and Sold and by these presents does Grant, Bargain, Sell,
<br />Convey and Confirm unto the Mortgagee, its successors and assigns, forever, the following- described real estate, situated in the County of
<br />Hall , and the State of Nebraska, to wit:
<br />The Easterly Twelve (12) Feet of Lot Nine (9) and all of Lot Ten (10), Block Fifteen (15),
<br />Charles Wasmer's Addition to the City of Grand Island, Hall County, Nebraska.
<br />of the Sixth Principal Meridian, contesting in all city property acres according to Government survey:
<br />TO HAVE AND TO HOLD the premises above described, with all the appurtenances thereunto belonging and including ail heating, plumbing
<br />and fighting 110res and squipm ant now or hereafter attached to or used in connection with said real estate unto the Mortgagee, and to its
<br />sucosssom and assigns, forever. The Mortgagor represents to, and covenants with, the Mortgagee, that the Mortgagor has good right to sell
<br />and convey said premises; that they are free from encumbrance: and that the Mortgagor will warrant and defend the same against the lawful
<br />claims of all persons whomsoever, and the said Mortgagor hereby relinquishes ail rights of homestead, and all martial rights, either in law or in
<br />equity, and all other contingent Interests of the Mortgagor in and to the above - described premises, the intention being to convey hereby an ab-
<br />solute tills, in fee simple, including all rights of homestead, and other rights and interests as aforesaid.
<br />PROVIDED ALWAYS, and these presents are executed and delivered upon the following conditions, to wit:
<br />The Mortgagor agrees to pay to the Mortgagee, or order, the principal sum of Fifty Nine Thousand Five Hundred and
<br />no/100 Dollars($ 59500.00
<br />1.
<br />with ktereat from date at the rate of Ten oar centum( 10.000 %) per annum on the unpaid
<br />betarm UN paid, The said principal and interest shall be payable at the office of First Federal
<br />$rev ago and Loan Association of Lincoln in Lincoln. Nebraska or at such other place
<br />as the holler of the note may designate in writing, In monthly Installments of Five Hundred Twenty Two and 16/100
<br />Dokm(s 522. 16 ), commencing on the first day of October
<br />_L98_7, andl on the fat day of each month thereafter until the principal and Interest are w id, lay pa except that the Iknd payment of principal
<br />and interest, q not sooner paid, shall be due and payable on the first day of SeRtember ?017 ; all according to
<br />the tome of a Certain promissory note of even dale herewith executed by the said Mortgagor.
<br />The Mortgagor In order more filly to protect the security of this Mortgage, agrees:
<br />1. That he will pay the Indebtedness, as hereknbefore provided. Privilege is reserved to pay the debt, in whole or in part, on any
<br />due date.
<br />2. That, together with, and In addition to, the monthly payments of principal and Interest payable under the terns of the note secured
<br />.hereby, the Mortgagor wR pay to the Mortgagee, on the first day of each month until the said note is fully paid, the following sums:
<br />STATE OF NEBRASKA
<br />Page 1 of J HUD - 92143M !9.791
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