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<br /> i' STATE OF NEBRASKA
<br /> FHA FORM NO.21431k1 This form is used in connee-
<br /> (Rev.December 1972) tion with mortgages insured
<br /> MORTGAGE under the one- to four-family
<br />' 2 4 9: provisions of the National
<br /> 7000`>
<br /> Housing Act.
<br /> THIS MORTGAGE.made and executed this I> day of J t\u t.,ra 1,XW ,A.D.
<br /> 1e4
<br /> 19 76 ,by and between David L. Showalter and Sherry?:J. Showalt -, husband and wife, each
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<br /> his;and heown individws'l right and as spouse of the othe:rseverally0intland severally
<br />"'t � o the County of Hall ,and State of Nebraska.party of die'+sst part,hereinafter galled
<br /> the Mortgagor,and _ I
<br />[ FIRST'.FEDERAL SAVINGS AND LOAN ASSOCIATION OF LTNCOLN
<br /> 4a corporation organized and existing under the laws of the United States ,
<br /> party of the second part,hereinafter called the Mortgagee,
<br /> R..:
<br /> WITNESSETH:That the said Mortgagor,for and in of the sum of TWENTY ONE THOUSAND AND NO/100
<br /> Dollars(S 21,000.00 ),paid by the Mort-
<br /> 4• gagee, the receipt of which is hereby acknowledged. has Granted and Sold and by these presents does Grant. Bar
<br /> gain, Sell, Convey" and Confirm unto the Mortgagee,: its successors and assigns, forever, the following-described
<br /> real estate,situated in the County of Ha 1 1 and State.
<br />,, of Nebraska,to wit:
<br /> zy
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<br /> 4 Lot Twenty-One (21), Block Two (2) in Sothman's Subdivision
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<br /> to the City. of Grand Island, Hall County, Nebraska.
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<br /> of the Sixth Principal Meridian,containing in all 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 lighting fixtures and equipment now or hereafter attached to or used in connection with said real estate
<br /> unto the Mortgagee,and to its successors and assigns,forever.The Mortgagor represents to,and covenants with,the Mortga-
<br /> gee,that the Mortgagor has good right to soil and convey said premises;that they are free from encumbrance;and that the
<br /> t, Mortgagor will warrant and defend the same against the lawful claims of all persons whomsoever:and the said Mortgagor hem
<br /> by relinquishes all rights of homestead,and all martial rights,either in law or in equity,and all other contingent interests of the
<br /> Mortgagor in and to the above-described premises,the intention being to convey hereby an absolute title,in fee simple,includ-
<br /> ing all rights of homestead,and other 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,the principal sum of TWENTY ONE THOUSAND AND NO/100
<br /> -Dollars($ 21,000.00 ),with interest from
<br /> date at the rate of Nine per centum( 9.0 To per annum on
<br /> the unpaid balance until paid.The said principal and interest shall be payable at the office of First Federal Savings and Loan
<br />• pf Lincoln
<br /> Association Line ssocaion to ncoln or at such otherlace as the holder of
<br /> the note may designate in writing,in monthly installments of One Hundred Sixty Nine and 05/100
<br /> Dollars($169.05 1,commending on the first day of
<br /> . - War ch -19 76,and on the first day of each month thereatter until the principal and in
<br /> tercet are fully paid, except that the final payment of principal and interest, if not sooner paid. shall be due and
<br /> payable on the first day of February 2006;all according to the terms of a certain promis-
<br /> 7G sory note of even date herewith executed by the said Mortgagor.
<br /> The Mortgagor in order more fully to protect the security of this Mortgage,agrees:
<br /> 1. That he will pay the,indebtedness,as hereinbefore provided.Privilege is reserved to pay the debtin whole, or in an-
<br /> amount equal to oneor more monthly payments on the principal that are next due on the note,on the first day of any month
<br /> prior to maturity:-Provided,however.That written notice of an intention to exercise such privilege is given at least thirty(30)
<br /> days prior to prepayment.
<br /> 2. That,together with,and in addition to.the monthly payments of principal and interest payable under the terms of the
<br /> note secured hereby,the Mortgagor will pay to the Mortgagee,on the first day of each month until the said note is fully paid.the
<br /> following sums:
<br /> t
<br /> !n)An amount sufficient holder
<br /> icient.to provide the. hereof with funds to pay the next mortgage insurance premium if this instrument and the note secured hereby ro,11; '
<br /> are insured,or a monthty charge tin lieu of a mortgage insurance premium)it they are held by the Secretary of}lousing and Urban Development,as fol-
<br /> :'i. bus:
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