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<br />Thin Mortgage, made .and executed this 17th day of December
<br />19 86 by and between Dennis D. Gruener, a single person, and Teresa L. Schieno, a single
<br />parson,
<br />of the of ; Hall and State of Nebraska, party of the first part, hereinafter tali
<br />the Mortgagor, and The Equitable Building Knd Loan Association, 113 -115 lbrth Locust St.,
<br />Grand Island, bE
<br />a corporation organizes! and existing under the laws of the State of Piebraska
<br />party of the second part, hereinafter calf the Mortgagee,
<br />; That the said Mortgagor, for and in consideration of the sum of Twenty Eight Thousand Seven Hundred
<br />and no/ 100---------- -- -- ------ ----- --- ---- -- - -- - - -- Dollars ($ 28,700.00 ), paid by the Mort-
<br />gagee, ttte 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 Eight (8) of Gilbert's :subdivision of Block One (1) of
<br />Gilbert's Second Addition to the City of Grand Island, Hall
<br />County, [,1E.
<br />l "' v
<br />t Fi i
<br />_r
<br />of the Sixth Principal Meridian, containing in all ----- - - - - -- acres according to Government survey:
<br />To Hass and To Hold the premises above described, with all the appurtenances thereunto belonging and including all heating, `v
<br />plumbing and lighting fixtures and equipment now or hereafter attached to or used in connection with said real estate unto the Mort- n
<br />gages, 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 an and convey said premises; that they are free from encumbrance; and that the Mortgagor will warrant and q
<br />defend the same against the lawful claims of all persons whomsoever; and the said Mortgagor hereby relinquish; s all rights of 'N
<br />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 />PrnvWei Alwoys, and 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 Twenty Eight Thousand Seven Hundred
<br />and no/ 100------------ ----- ------- --------- - - - - -- Dollars($ 28,700.00 )
<br />with interest from date at the rate of Teri per centum ( 10 %) 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, l E or at such other place as the holder of the note
<br />may designate in writing, in monthly installments of Two Hundred 1-Fifty One and d7 /100- --- ------- -- -- - - --
<br />-- Dollars ($ 251-87 ), commencing on the first day of January
<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 sootier paid, shall be due and payable on the first day of December
<br />2o 16; all according to the terms of a certain promissory note of even date herewith executed by the said Mortgagor.
<br />This form is us" In connection with mortgages insured under the one-,to four- famlly programs of the National ,Houaln Adt which pro-
<br />vide for Mort insurance Premium - payments. �� -
<br />Prev bdttlons Are Obsolete NUD 82948M t3-a8 Edition)
<br />Page of 4 24 CFfi 103.17(b)
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