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87-s- 105191
<br />af Ikea MortPoe ►�.»«�. ---
<br />321- 1203384- 203(b)
<br />TW Metlpp, roads and executed this 27th day of August
<br />19 87 by' and between James M. Lambert, an unmarried person,
<br />of oe County of Hall , and State of Nebraska, party of the first part, hereinafter Bahlal
<br />the Mortignpor,aad The Equitable Building and Loan Association, 113 -115 North Locust, Grand
<br />Island, Nebraska,
<br />a corporation organised and existing under the laws of the State of Nebraska
<br />patty of the second pet, hertlaaftK called the Mortgagae.
<br />t That the said Mortgagor, for and in consideration of the sum of
<br />Nineteen Thousand Four Hundred and no/100 ----------- -- - - -Poll= (s 19,400.00 ). Paid by the Mort-
<br />gagae, the recut of which is hereby admawledged, has Granted and Sold and by these presents does Grant, Bargain, Sell, Convey
<br />and Co nfiras unto the Mortgagee, its sucomors and assigns, forever, the following - described real estate, situated in the County of
<br />Hail , and State of Nebraska, to wit:
<br />Lot Fifty (50), Hawthorne Place, 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 />Yt) anM Te >Hsli the ptemisa above described, with all the appurtenances thereunto belonging and including all heating,
<br />Pkmdft and Noft fixtures and equipment now or hereafter attached to or used in connection with said real estate unto the Mort -
<br />gagaa, and to its scceamrs and assign. forever. The Mortgagor represents to, and wveoantti with, the Mortgagee, that the Mort-
<br />gagor has pod rim to sell and convey said premises; that they are free from encumbrance; and that the Mortgagor will warrant and
<br />defeed the ease against the lawful claiaas of all persons whomsoever; and the said Mortgagor hereby relinquishes all rights of
<br />hoommamed. and ad marital rights. either in law or In equity. and all other contingent interests of the Mortgagor in and to the above -
<br />1, ,Ned promises. the based= being to convey hereby an absolute title, in fee simple, including aH rights of homestead, and other
<br />do" and interests as aforesaid.
<br />pie elgd Ahism and there presents are executed and delivered upon the following conditions, to wit:
<br />The hor agrees to pay the Mortgagae, or order, the principal sum of
<br />Nineteen Thousand Four Hundred and no /100 ------------ Dollars (s 19,400.00 ).
<br />with i>aaleseet frogs doe to the roe of Ten per centum ( 10.0 %) per annum on the
<br />unpaid balsam until pod. The said principal and interest shall be payable at the office of The Equitable Building and
<br />Loan Association,
<br />is Grand Island, Nebraska , or at such other place as the holder of the note
<br />aWd@WgoMinwrWo&inmoMWWNAUKMUOf Two Hundred Eight and 47/100 ------------------------
<br />--------------- DOUM (t 208 .47 --------------------- ), king on the rust day of September
<br />19 87 , and an the first day of each mcntth thereafter until the principal and interest are fully paid, except that the foul payment of
<br />principal and interest, if no sooner paid, shall be due and payable on the first day of August
<br />20 02 ; all according to the teas of a certain promissory note of r.-n date herewith executed by the said Mortgagor.
<br />This form Is used In con w Ion with mortgages lasursd under the one to four family programs of the National Housing Act which pro.
<br />vhds fa porno c Mortga0e inwra As Premium oayntatts
<br />Previous lhfleions Are Obsolete MR) -92143M (3 Eason)
<br />Pape t of 4 21 CFA R 203.t7(b)
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