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<br /> STATE OF NEBRASKA �
<br /> FHA FORM NO.2143M This form is used in connec-
<br /> (Rev.December 1992) tion with mortgages insured
<br /> MOR'I'GAGEj under the one-to four-family
<br /> provisions of the National
<br /> Housing Act.
<br /> 71• ';U0�5?(�3
<br /> � ; �
<br /> THIS MORTGAGE,made and exec ted this y day of �j�A��� ' A Ii
<br /> 79'��' ,byandbetweea'Darrell SJ. Nielsen and Laura S: Nielsen, husband and wife, joint 'y
<br /> azid each in their own right,
<br /> of the County of` Hall ,and State of Nebraska,party of the first part,hereinafter called
<br /> ;. Lhe Mortgagor,and
<br /> � � FIR$T FEDERAL SAVINGS AND LOAN ASSOCIATION OF LINCOIN �
<br /> s ? a corporation organized and existing u�der the laws o£ The Uni ted States of America ,
<br /> ' pazty'of tha second pait,hereinafter called the Mortgagee, ;
<br /> ` ; WIT'NESSETH;That the said Mortgagor,for and in consideration of the sum of '�1ENTY TWO THOUSAND TWO Hi1NDRED
<br /> AND NO/100--.---------------^-- —�ollars($ 22,200.00 );paidby the Mort-
<br /> gagee, the receipt of which is hereby acknowledged has Granted and Sold'and by these presents does Grant, Bar-
<br /> i gain, `Sel1, Convey and Confirm unto tfie 'Mo�tgagee, its successors and assigns, forever, the foIIowing-described
<br /> `. i real estate,situ9ted idthe County of Ha11 ,and State
<br /> of Nebraska,'to wit
<br /> Lot Eight (8) in Block Thirteen (13) in Lamberts Addition to the City
<br /> of Grand Island, Hall County, Nebraska.
<br /> y '
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<br /> , of the'Sixth Principal Meridian,containing in a11 city property acres according to Govern-
<br /> ; ment survey:
<br /> { TO HAVE AND TO HOLD the premises above described,with all the appurtenances thereunto belonging and including
<br /> all heating,plumbing and lighdng fixtures and equipment now or hereafter attached to or used in connection with said real estate
<br /> unto the lviortgagee,and to its successors and assigns,forever.The Mortgagor repcesents to,and covenants with,the Mortga-
<br /> � gee;thahthe.Mortgagor has good right to sell and convey said premises;that they aze free trom encumbrance;and that the
<br /> Moitgagor will wartant and defend the same against the lawful daims of all persons whomsoever,and the said Mortgagor here-
<br /> � by relinquishes all rights of homesLead,and all martial rights,either in lawbr in equity,and all other contingent interests of the
<br /> Mortga�or in and ro the'above-described premises,the intentiort being to convey hereby an absolute tiUe,in fee simple,includ-
<br /> " � ing al!rights of homastead;and ott�er rights and interests as aforesaid.
<br /> PROVIDED ALWAYS,and these presents are executed and delivered upon the following conditions,to wit:
<br /> The Mortgagor agrees to pay to the Mortgagee,or order,theprincipal sum of TWENTY TWO THOUSAND TWO HUNDRED
<br /> �e atT heir�t�of eight and one hal f---Dollars($22,200 p00centum( �.�h incerest from
<br /> o)per annum on
<br /> the unpaid balance until paid.The said principal and interest shall be payabie at the otfice of First Federal Savings and
<br /> Loan Association of Liacoln
<br /> m Lincoln, Neb raska or at such other p]ace as the holder of
<br /> the note may designate in wnting,in monthly installments of ONE HUNDRED SEVENTY AND 72/100-------------
<br /> ------------------- ---------=-�ollars($ 170.72 ),commending on the first day of
<br /> QCt Ob ex' ,19 77,and on the first day of each month thereafter unal the principal and in-
<br /> teres[ are fully paid, except that the final payment of principal and interest, if aot sooner paid, shall be due and
<br /> payable on the fiTst day of Se�t��e�� 2 0�7 . ;all acwrding to the terms of a certain promis-
<br /> sory note of even date herewit6ex cu e y t said Mortgagor.
<br /> The Mwtgagur in order more fuliy tu protect tne security uf this Mortgage,agrees:
<br /> i: That he wp1 pay the indebtedness,as hereinbefore provided.Privilege is reserved to pay the debt in whole, or in an
<br /> amounf equal to qne or more monihly payments on the principal that are next due on ffie note,on the first day of any month
<br /> prior to maturity:Provided,however,That written rto[ice ot an intention to exercise such privilege is given at least thirty(30) ��,� . ' „- ,
<br /> a
<br /> days prior to prepayment. : , . :., �
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<br /> 2 3'hat,togefher with,and in addi6on to,.the mantlily payments of principal and interest payable under the terms of the
<br /> note secured hers6y,the Mortgagor will pay to the Mortgagee,on the first day of each month unGl the said note is fully paid,the � +
<br /> �� following sums: � � � � �,��
<br /> � . . �(s)An amount sul5cient ro ptovide the holdu hereof wiih funds w,pay 2he next mortguge insurance prqmium if lhix insarument and thc note�xcuted hereby , .
<br /> � � .. �bws:SureE..qr a mcathSy.c6arQ,c.(in ueu af a moitgage insuranc;e pir,mium)if ihcY�e��d bl.�Secreurl'.�f Huuaing an�.tirbun Dcvelupment,ne f�i' . ,n„�.� ...
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