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106625 amt" MORTGAGE 78848 -1 -20 Thus form la used In connection Mtn mortgages kawed under the orw-to fowdamsy pfo0*RXm of the National Hous" Act. THIS MORTGAGE, made and aerated iris 12th day of November A.D. 1987 by and between Kathryn B. Heupel and Michael G. Heupel wife and ht�g band of to coot of ma 11 jo n$ly and the State thNebraska, ply of right put hereinafter tied to MoftgoW, and FIRST FETIVRAT. SAVTNAS ANn LOAN ASSOCTATTON OF LTNCOLN a corporation orgrYaad and mating under the laws of The United States of America part of the second part, here *Sw edad the Morrtgatpw W NESSM: That is add Mortgagor, for and In consideration of the sum of Thirty Eight Thousand Eight Hundred Filly and no/100 Dokm (t 38850.00 y, paid by the Mortgagee. to receipt of which is hereby acknowledged, has Granted and Sold and by these presets does Grant. Bargain, Se®, Convey and Confirm unto the Mortgagee, Its successors and assigns, forever, the following- descrbed red estate, situated In the County of 13, 11 , and the State of Nebraska, to wk: The Southerly Sixty Six Feet (66') of Lot Ten (10), Block Forty One (41), in Russel Wheeler's Addition to the City of Grand Island, Hall County, Nebraska. of to Shan Principal Meridian, containing in all city property acres according to Government survey: TO HAVE AND TO HOLD to prernises above described. with all the appurtenances thereunto belonging and Including all heating, plumbing and fighting MMxea and equipment now or haadter attached to or used In connection with said real estate unto the Mortgagee, and to its successors and aselgns, Iota w The Mortgagor represents to, and covonatm with, the Mortgagee, that the Mortgagor has good right to sell and convey said pxannbes; tiet they we Thee from encumbrance; and that the Mortgagor will warrant and defend the same against the lawful claims of all persons whatsoever, and the said Mortgagor hereby relinquishes all rights of homestead, and all martial rights, either In few or in equity, and all otw contingent Interests of the Mortgagor in and to the above-described premises, the intention being to convey hereby an ab- solute title. in fee simple, Including all rights of homestead, and other rights and Interests as aloresaid. PROVED ALWAYS, and these presents we executed and delivered upon the following conditions, to wit: The Mortgagor agrees to pay to the Mortgagee, or order, the principal sum of T,,; -t.. Eight .,b nA Eight 1JURAped Fiery and no /100 OolarsI; 38850.00 with Neat ion date at the rate of T-en and - one -Ae4 oer centum( 10.500 %) Per annum on the unpaid balance WA paid. The said principal and Interest stud be payable at the office of First Federal Sayitt>ts and Loan Association of Lincoln in Lincoln. Nebraska or at such other place as the haida of the rote ray deelgrate In writing, in monthty Ins nests of i 38 4100 'lyPee d - ))tltRdted F #gt+y -F #era- :�,.a -.�— 355.38 g on the Mat tfay of danhtat�r 1 cam. ant on to Met day cl each mont! thereafter until the principal and Interest are fully paid. erupt that the &W payment of principal and Interest k not socem paid. stall be due and payable an the Met day of 29 iT —; all according to the term of a eartakn promissory note of awn date haswhh executed by the origagor.