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<br /> ; STATE OF NEBRASKA •
<br /> FHA FORM NO.2143M This form is used in connec
<br /> (Rev.December 1972) tion with mortgages insured •
<br /> MORTGAGE under the one-to four-family
<br /> provisions of the National
<br /> 76. 00061d Housing Act.
<br /> L
<br /> THIS MORTGAGE,made and executed this 3 rd day of Fe Uri a.r y ,A.D.
<br /> 1976 ,by and between.Mark D. France and Susan Ann France, husband and wife, each in his
<br /> andher own individual right and as spouse of the other, jointly and severally
<br /> of the County of Hall and State of Nebraska,party of the first part,hereinafter called
<br /> the Mortgagor,and •.
<br /> , FIRST FEDERAL SAVINGS AND LOAN ASSOCIATION OF LINCOLN
<br /> ,.' a corporation organized and existing under the laws of. the United States
<br /> party of the second part,hereinafter called the Mortgagee,
<br /> WITNESSETH:That the said Mortgagor,for and in consideration of the sum of THIRTY THOUSAND FOUR HUNDRED AND
<br /> N0�7,00 Dollars($ 20,1400.00 ),Paid by the Mort-
<br /> ,
<br /> gage ,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 Hall ,and State
<br /> •d of Nebraska,to wit:
<br /> • A Tract of land comprising the,;butherly Forty-five feet (5 45') '
<br /> of Lot Seven (7), and the Northerly Fifteen feet.(N"15') of Lot
<br /> Bight (8), Block Twelve (12), West Park Addition to the City of
<br /> Grand Island, in Hall County, Nebraska.
<br /> of the Sixth Principal Meridian,containing in all acres according to Govern-
<br /> merit 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 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 /> 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 /> ingall 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 THOUSAND FOUR HUNDRED
<br /> AND NO/10Q ' -Dollars($ 20'400.00 ),with interest from •
<br /> date at the rate of nine percentum( 9.0 %)per annum on
<br /> the unpaid balance until paid.The said principal and interest shall be payable at the office of First Federal Savings
<br /> and Loan Association of Lincoln
<br /> in Lincoln ,or at such other place as the holder of
<br /> the note may designate in writing,in monthly installments of One Hundred Sixty-four and 22/100
<br /> Dollars($164.22 ),commending on the first day of.
<br /> March ,19 76,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 inierest, 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 /> 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 /> I. That he will pay the indebtedness,as hereinbefore provided.Privilege is reserved to pay the debt in whole,or in an
<br /> amount equal to one or more monthly payments on the principal that are next due on the note,on the first day of any month ,'t
<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 /> la)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 insured,or a monthly charge(in lieu of a mortgage insurance premium)if they are held by the Secretary of Horsing and Urban Deve.opment,as fol-
<br /> io.s:
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