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<br />    		State of Neb�aska    				���  a   � 			FM�I C���NO      	�
<br />     											9  g  			�21  136763A
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<br />      		This Mo�t`aYe, made and executed this    13th     da>• �f    Oecember     							,
<br />    		�9 89  , h�� �nd betaeen  Scott  R.  Paulsen and Wendy K.  Paulsen,  each i� his and her awn right,
<br />     		and as spouse of each ather
<br />    		oi the County�oi     H011     					, and State of Nebraska, pa�ty of the fi�st part, hereinalter calied
<br />    		the i�onBagor, and  The Equitable 8uilding a�d Loan Association,   						,
<br />    		a corporation orgunized and existing under the law•s of the State of Nebraska  						,
<br /> 	�  	puty of the second pan. hereinafter cailed the �fortgagee, 														'
<br /> 	�     	Witnesseth: That the said 19ortgagor. for and in .onsideration of the sum of   Thirty Seven Thousand and no/10Q --
<br />     		-------------------------------------------------Dollars(537,000.00 		), Paid by the�1ort-
<br /> 	�  	gagee, the receipt oi which is hereby acknowle�ged,has Granted and Sold and by these praonts does Grant, Hargain,Sell. Com•ey
<br />    		and Confirm unto the Mortga�ee,its successors and assLe,ns. fore�•er, the fallawing-described real estate.situated in the County of
<br />     		Hell   				, and State af Nebraska,to w-it:
<br />     		Lot Seven (7) ,  in B�ock  One  (1) ,  Claussen Country View Addition to the City of Grand Island,
<br />    		Hall County.  Nebraska,
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<br />   		of'the Sixth Principai Meridian. containing in all       -------------------     	acres according to Government survey:
<br />	.     	To Have aad To Hold the premises above described,with all the appurtenances thereunto belonging an�! including all heating,  				�
<br />   		plumbing and lighting �xtures and equipment now or hereafter attached to or used in connection with said real estate unto the Mort-     			_
<br />   		gagee.and to its successors and assigns. fore�er. The Mongagor represents to. and covenants with, the Mortgagee, that the Mon-       				'
<br />   		�agor has good right to sell and com•ey said premises:that they are free from encumbrana: and that the Mortgagor will warrant and
<br />   		defend same against the lawful claims of all persons whomsoe�er; and the said Mortgagor hereby relinquishes all rights of homestead.    			�
<br /> ' 		and all marital rights. either in law or in equity, and all other contingent interests of the Mortgagor in and to the above-dacribed 				'�
<br />   		premises, the intention being to convey hereby an absolute title, in fee simple, including all rights of homatead, and other rights and     			.�„
<br />   		interats as aforesaid.																			�_
<br />      		Provlded Al�ays.and these presents are executed and ddivued upon the following conditions, to wit:     							'""�`
<br />      		The Mortgagor agrees to pay the Mortgagee.or order, �he principa� sum or Thirty Seven Thousand and no/100 -----  			�--
<br />     		----------------------------------------------------------Dollars(S 37,OOf3.00     		),   			� �`
<br />   		with the interat from date at the rate of 	Ten				per centum (   10.0	�'o)per annum on the     			, �
<br />   		unpaid balana until paid. The said principa! and inte:at shall be payable at the office of     The Equitable Bo�ilding and
<br />   		Laan Association       																		. _
<br />   		�n  Gra�d Island,  Nebraska,   						, or at such other pta�e as the holder of tht note
<br />   		c�say dai�nate in writin�, in monthly installments of  Three Hundred Twenty Four and 71/100 -------------------
<br />   		_____________________Dollazs ($  324.71 			), commencing o:r tAe �rst Qay of     FebPUeTy
<br />    		19 90 . and on the �rst day of each rr>�nth thereafter until the principal and interest are fuPiy paid, except that final�ayment of    1
<br />   		grincipal and interest. if not sooner paid. shail be ds:r and payablt oa the�rst day of   January     				,
<br />   		20 2p : aU according to the terms of a certain promissory notc of even date herewith executed by the said Mortgagor.
<br />   		Thia torm is used in connection with mortpapes insured under the one- to tour•family programs of the Natianal Housing Act which re-
<br />     '     	quire e One-Time Mortpape InsuranCe Premium payment(including sections 203(b) and (i))in aCCOrdance with the reg�s�ations tOr those
<br />    		proprams.
<br />    		Previous Edition9 Are Obso�ete   										HUD-�Z1�3M-1 111•86 Ed�t�oni
<br />    		F����,�,   						Page 1 of a  						24CFR 203.t7(a)      		-_ _—____
<br />   															To 1�aMer Ce0 GiiEAi LAKES BUSINESS FORMS.MC      		�
<br />  															NetionaEy i�80Q253-0209•fl.[irgan t�00 35B 26d3     		�
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