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<br /> ., STATE OF NEBRASKA
<br /> IFHA FORM NO.2143M This form is used in connec-
<br /> (Rev.December 1972)
<br />•,t,., tion with mortgages insured
<br /> MORTGAGE under the one- to four-family
<br /> provisions of the National
<br /> Housing Act.
<br /> 00263
<br /> f
<br />{ THIS MORTt3AGE,made and executed this 16TH day of JANUARY ,A.D.
<br /> r 1976 ,by and between Stanley. E. Spangler and Peggy J. Spangler, husband and wife,
<br /> of the County of Hall ,and State of Nebraska,party of the first part,hereinafter called
<br /> •
<br /> the Mortgagor,and FIRST NATIONAL BANK OF COUNCIL BLUFFS
<br /> of ' a corporation organized and existing under the laws of Iowa
<br /> o partyof the second part,hereinafter called the Mortgagee,
<br /> WITNESSETH:That the said Mortgagor,for and in consideration of the sum of Thirty—Three Thousand Two
<br /> 7` Hundred and 00/100------------ Dollars(S g3 2{10.00 ),paid by the Mort-
<br /> gagee, the receipt of which is.hereby acknowledged, has Grunted and Soiu and-bg these presents does Grant, Bar-
<br /> gain, Sell, Convey and Confirm unto the Mortgagee its successors and assigns, forever, the following-described
<br /> P, real estate,situated in the County of Hall ,and State
<br /> 0L, of Nebraska,to wit:
<br /> Es
<br /> Lot 5, in Block 4, in Westerhoff's Second Subdivision in the
<br /> City of Grand Island, Hall County, Nebraska according to the recorded
<br /> plat thereof.
<br /> e.
<br /> of the Sixth Principal Meridian,containing in all acres according to Govern-
<br /> ment survey:
<br />[f.:-'--
<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 sell and convey said premises;that they are free from encumbrance;and that the
<br /> Mortgagor will warrant and defend the same against the lawful claims of all persons whomsoever;and the said Mortgagor here-
<br />`r% 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 /> I.
<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 Thirty—Three Thousand Two
<br /> Hundred and 00/100 --_Dollars(S 33,200.00 ),with interest from
<br /> date at the rate of E per centum( 8%)per annum on
<br /> the unpaid balance until paid.The said principal and interest shall be payable at the office of First National Bank of
<br /> Council Bluffs
<br /> m Council Bluffs, Iowa ,or at such other place as the holder of
<br /> the note may designate in writing,in monthy installments of Two Hundred Forty—Three and 69/100------
<br /> ,. -----_—_--Dollars(5243.69 ),commending on the first day of -
<br /> MARCH , 1976 ,and on the first day of each month thereafter until the principal and in-
<br /> terest 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 tothe terms ofacertain promis-
<br /> ✓ 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 debt in whole, or in an '
<br /> N•_ amount equalto one or 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) *tF
<br /> days prior to prepayment. ;
<br /> N.
<br /> v 2. That,together with,and in addition to,the monthly payments of principal and interest payable under the terms of the
<br /> frnote 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 /> ^ 4 following sums:
<br /> f j r
<br /> 1
<br /> (a)An amount sufficient to provide the holder hereof with funds to pay the next mortgage insurance premium if this instrument and the note secured hereby
<br /> are imurcd,or a monthly charge(in lieu of a mortgage insurance premium)if they are held by the Secretary of Housing and Urban[kvelopmeat,as tol-
<br /> lows:
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