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gG--. 1(15074
<br />State of Nebraska MWga9g F,.. a» ere.
<br />321- 1O59714 -203
<br />Tbk Mort", made and executed this 5th day of September ,
<br />1986 , by and between Billy M. Schauer and Margie A. Schauer, each in his and her own right
<br />and as spouse of each other,
<br />of the County of Hall , and State of Nebraska, patty of the first part, hereinafter
<br />the Mt►rtsasor, and The Equitable Building and Loan. Association, 113 -115 Wrth Locust St. .
<br />Grand Island, IE
<br />a corporation orµnind and existies under the lava of I the State of - Nebraska
<br />party of the second part, hereinafter, called the Mottsasee,
<br />irNwuasth: That the said Mortgagor, for and in consideration of the sum of Twelve Thousand Nine hundred Fifty
<br />and not 100- ----- ---- -- -- -- --- --�~-- -- - - -- ----
<br />llolhrs (S 12 450.00 k raid by the Mast-
<br />gasa, the receipt of which is hereby acknowledged, bas Grimed and Sold and by these presents 1es Grant. >�n. Sex, y
<br />and Confirm unto the Mortsasee. its sucomm, and ate, forever. the foDowint- desrn'bcd test estate, sitoated is the County of
<br />Hall and Stme.of Ncbraska. to wait
<br />Lot Ten (10), Block Thirty Ore 431), in Russel Wheeler's
<br />Addition to the City of Grand Island, Hall. County,
<br />Nebraska.
<br />of the Sixth Principal Maidian, conrainft in ail - - - - - -- acres aooart>h+s to Govern surmr.,
<br />Te ftm any To XW the premises about described, with erg the appurtenances thereunto bdmhpng and iadadins aA herd -.
<br />plumbssS and lighting fixtures and equVment now or hereafter attached to or used in connection with said real esuft imm the Must-
<br />to, and to its sucrosora and assism, forever. The Mom tspce ter, and ooveaant wW. the hduroasets that the blort-
<br />XWw has !pod rat to sdl and convey said pseasa s; that they are fret from mcumbrancei and that the bfcriphpOr wdf wartas+c and
<br />defend the same against the Iawfai claims of aD pawns wha®soeoer; and the said Mortsasor bereby as of
<br />bou atad, and aq marital rights. eitba in haw m in equity, and aft otber contingent interests of the b and to she above-
<br />described praxises, the intention being to convey hereby an absolme title, in fee simple, inchsd'ms an rishis of homed, sad other
<br />to" and intaew as aforesaid.
<br />1hwsNai Alwam and these presents ate: end and de&ead upon the faanwiog , to wit
<br />The Mortgagor asroes to pay the Mortgagee, or order, the prh i — of "Twelve Thousand Nirle Hursdred ),
<br />Fifty and trot100-------- _�_w_____r__�__�__ DoWrs(3 12,950.00
<br />with imerm from daft at the rue of Ten per cemum (- 10 %) per massan on the
<br />unpaid bab= umd paid. The said pcb3dpal and interest shall brpayabie at the affics of The Equitable Building
<br />and Loan Association
<br />M Grand Island, NE or, at such plow as the boida of the no
<br />may designate in wrong, in monthly iastaihoents of One Hundred Thirteen and 65f 100— fir -
<br />113.65 ), commmedng on the brat day of
<br />19 86 , and on the first day of each month thereafter until the peinapai and interest are fusty paid. except that the fmaf paymaot of
<br />prooipe and interest, if not sooner paid, shalt be due and payabit as the fear day of Septetibei
<br />20 1 all according to the terms of a certain pcomivay am of even date herewith executed by the said Mat war.
<br />This form is u"d in oonnection with w4*980as Unumd under rite ones- to fare -Urn ft program of the National H Act wt* b pro
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