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<br />�`'' �� STATE OF NF.BRASKA
<br /> P'HA FORhf N0.2143M This form ie used in connec-
<br /> (Rev.December 1972) tion with mort�ages ineured
<br /> r 1 MORTGAGE under the one�to four-family
<br /> /� U i�/!�4 1 provisions of the Nntionul
<br /> Housing Act.
<br /> � r
<br /> THIS MORTGAGE,made and executed this .?7 day ot ��u9n s� A.D.
<br /> 19 7( ,byandbetween Gregory ➢. l�h•i�ht and Pamela R. Wright, husband and wife, each in
<br /> ot�hE�CounT o�r own individual right and as spouse of the other, ointly and severally
<br /> Y Hall ,3nd State o(Nebraska,party o�the first part,herema(ter called
<br /> the Morlgagor,nnd FIfLST F'�DERAL SAVTNGS AND LOAN ASSOCIATION OF LINCOLN �
<br /> a corporation organized nnd existing under the laws of the United States
<br /> ' party of the second part,hereinafter celled Ihe Mor�gagee, �
<br /> � WITNESSETH:That the snid Mortgagor,tor and in wnsideration of the sum otT �
<br /> I�RTY-TWO THOU�AND SLVEN
<br /> n/ Dollars(S p p� ),paid by the Mort-
<br /> gag���c��o�Wh�is 6ere6y acknowledge3�Tias�,ranted ana Sold an�B}�Q6ese presents does Grant, Bar-
<br /> gain, Sell. Convey and Confirm unto the Mortgagee, its successors and assigns, torever, the (ollowing-described
<br /> real eslate,situated in the County of Hall ,and State
<br /> of Nebraska,to wit:
<br /> Lot Twenty (20) in Island Acres I�lo. 7, A subdivisien of
<br /> part of Practional Section Seven (7); part of the 4lest
<br /> Ha1f of the West Hali (W1471) oi Section �ight (8); �nd
<br /> part of Lot Tomnty-Four �2�) Island Acres, all in
<br /> Tormship lileven (11) tdorth, Range Nine (9) t•lest of the
<br /> 6th P14., in the City of Grand Island, Ha11 County,
<br /> Nebraska.
<br /> a
<br /> a
<br /> f
<br /> ? of the Six�h Principal Meridian,comaining in all acres accarding to Govern-
<br /> e menl survcy:
<br /> TO HAVE AND TO HOLD the premises above described,with all the appurten.mces thereunto belonging and including
<br /> all heating,plumbing and lighting fixtures and equipment now or hereafter altached to or used in connection with s;�id real estate
<br /> unto the Dlortgagee,and to its successors and assigns,forever.The Aiortgagor 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 /> �for�gagor will warrant and de(end the same against the lawful claims of ail persons whomsoever;and the said Alortgagon c�re-
<br /> by relinquishes ail rights of homestead,and all martial rights,either in law or in eyuity,and all other contingent in[ercsts of thc
<br /> Mortgagor in and to thc above-described premises,[he intention being to convey hereby an absolute title,in fee simpla,includ-
<br /> ing all rights o(homestead,and other righ�s and interests as aforesaid.
<br /> PROVIDED ALWAYS,and these presents are executed und delivereJ upon the following canditions,ta u�iC
<br /> The Morlgagor agrees to pay to the Morigagee,or order,the princip:d sum of THIRTY-:�"rl0 THCUSAPID SEVT'Id
<br /> � HlRdDR�D AP1D PI0�100----------------Dailars(5 3�,700.00 ),wilh intcrest from
<br /> date a�the rate of eight and one-hall per cenwm 1 't3.5 `/r)perannum on
<br /> the unpaid balance until paid.7'he said principal and interest shall be payablc at ihe office of First Pedersl Sa t2ngs
<br /> y and Loan As$ociation of Lincoln
<br /> i �n Nebraskr� ,ur at such other pl�ce as the holder of
<br /> � �he notc may designate inµriting,in momhly inst:dlments of gti,ro Hundx•ed i�'ifty-one and !�b/100----------
<br /> r ______________ Dollars(5 2 1 1� ),commending on the first day of
<br /> ” Qetober ��y(� �1�S�n�e first Jay ot each month thereatter until the princip�l and in-
<br /> zterest a�re fully paia excepl that the final pa}•mem o( principal anJ interes�, if nat sooncr paid, shall bc due and
<br /> p:�yable on the first day of September ,^:006;all according to the terms of a cer�ain prumis-
<br /> sory note of cven date herewith execu[ed by the said D9urtgagor.
<br /> The Mortgagor in order more fuliy to protect the security o(this Mortgage,agrees:
<br /> I. l'hat he will pay the indcbledness,as hereinbefore provided.Yrivilege is reservcJ to pay ihe deb�in whole,or in:m
<br /> � amount cyual to one or more monthly payments on Ihe principal thut are next due on thc nute,on thc first d��y u(any month
<br /> prior to maturity:Provided,hawever,Thatµ�ritten notice of an intention to exercise such privilege is given at least thirt}•(10) j .
<br /> days prior to prepayment.
<br /> o '_�'..^q�'
<br /> N �
<br /> ?. That,togethcr wi�h,and in addition to,Ihe monihly payments of principal:uid interest payable under the tcrms of the > '
<br /> L note secured hereby.�he Alortgagor wiil pay to the Murtgagee,on the firs�day ot each month until the s;�id note is fully paid,the �
<br /> folluwing sums: ,�
<br /> � 1
<br />�' (�)An umount suficitnt lo pro�•ide Ihe holJer hertof with funJs to pay Ihe nezl mungage insuranc<prcmium i(Ihis instrumcnt and Ihe nule sccureJ hereby ��
<br /> � am insumd,or a munihly charge(in Iiw o(a munga6e insurance pmmiuml if they are h<Id hy Ihe$ecrctary oI Housing anJ Urban tkrelopment,a�!nl-
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