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96--- 107368
<br />Shft of Mortgage tM4 es» w.
<br />iI 321- 1051602 -203
<br />This 11111 OP I made and executed this 11 th day of November, •
<br />19 86 -,by and between Michael William Steinke and Lila M. Steinke, each in his and her own
<br />right and as spouse of each other,
<br />of the Comity of Hall . and State of Nebraska, party of the rust part, hereinafter caned
<br />the Moegyor,sad The Equitable Building and Loan Association, 113 -115 North Locust St.,
<br />Grand Island, NE
<br />a toryoradost orp dmd and existing under the laws of the State of Nebraska
<br />party of the second part, hereinafter called the Mortgagee,
<br />WilimmOr That the said Mortgagor, for and in consideration of the slum of Thirty Five Thousand Seven Hundred
<br />and no/ 100---------- --- ----- ------- --- - --- -- Dollars ($ 35, 700.00 ), paid by the Mort -
<br />ppe, the raoeipt of wbieh u hereby acknowledged, has Granted and Sold and by time 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 Fourteen (14), in Block Two (2), in Island acres Number Two (2), being
<br />a replat of Lots One (i), Two (2), Three (3), Five (5), Six (6) and
<br />Seven (7), in Island acres, a 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 Seri To Blau the premises above described, with all the appurtenances thereunto belonging and including all beating,
<br />plusbieg and lighting fixtures and equipment now or hereafter attached to or used in connection with said real estate unto the Mort-
<br />Von, and to its slocoeaors and assigns. forever. The Mortgagor represents to. and oovenants with, the Mortgagee, that the Mon -
<br />Von has good right to all and convey said pranum; that they are free from encumbrance. and that the Mortgagor will warrant and
<br />defend the ante against the lawful clams 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 puremites, 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 />Pra+Md Alwps, sad 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 Thirty Five Thousand Seven Hundred
<br />and no/ 100-------------------- - - - - -- Dollars (535,700.00 ),
<br />with inserat from date at the rate of ,dine and One Half per centum ( 92' 9s) per annum on the
<br />unpaid balance until paid. The said principal and interest shall be payable at the office of The Equitable Building
<br />and Loan Association
<br />in Grand Island, 1Z. or at such other place as the holder of the note
<br />may designate in writing, in monthly installments of Three Hundred "eleven and 91/10U ---------------------
<br />--------- Dollars ($ 3, 1. 91 ), commencing on the first day of January
<br />19 8 , and on the fast day of each month thereafter until the principal and interest are fully paid, except that the final payment of
<br />principal and interest, if net sooner paid, shall be due and payable on the first day of December
<br />20 12 ; 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 connoctfau with mortgapas insured under the one- to four-family programs of the National Housing Act which pro-
<br />vide for periodic Morlppe Insurance Prsmfum payments
<br />Previous Editions Are Ob*otete - HUM- 921143111 (3.841 Edition)
<br />Pape 1 of 4 24 CFR 20317(b)
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