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<br /> STATE OF NEBRASKA
<br /> FHA FORM NO.2143M This form is used in connec-
<br /> (Rev.May 1976) tion with mortgages insured
<br /> MOR1'GAGLj'' under the one- to four-family `
<br /> provisions of the National �
<br />�j 78r �O 0 0�O Housing Act. E ;
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<br /> 3 THIS MORTGAGE,made and executed this lOth day of February .A.D. �%,
<br /> i 19 78,by and between �chael J. Pokorney and Julie A. Pokorney, iiusband and wife
<br />� of the County of Ha21 .and Sta[e of Nebraska,party of the first part,hereinafter called �
<br /> the Mortgagor,and Banco Mortgage Company �;
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<br />� a corporation organized and existing under the laws of the S ta te of Iowa • "
<br /> i party of the second part.hereinafter calied the Mortgagee, `
<br /> jWITNESSETH:That the said Mortgagor,for and in consideration of the sum of Twenty-eight Tttousand Nine �
<br />; o h �dlars(5 2g,950.00 )•Paid by the Mort-
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<br /> t gagee, ehe rece�p�o� wh�c�i �s hereby acknowledged. has Granced and Sold and by these presents does Grant. Bar- �;
<br />� gain. Sell. Convey anJ Confirm unro the Mortgagee. its successors and assigns, forever, the following-described `
<br />" real estate,situated in the County of Hall ,and State �'
<br />! of Nebraska,to wit: r'
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<br /> TFiIS IS A PURCHASE MONEY MORTGAGE �u
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<br /> I,ot Qne (2), in Block Forty Thzee (43), Russel Wheeler�s Addition to the City ;
<br />, of Grand =sland, Hall County, Nebraska. E�
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<br /> of the Sixth Principat Meridian.containing in all acres accarding to Govern-
<br /> ment survey:
<br /> TO HAVE AND TO HOI.D the premises above described,with all the appurtenances thereunto belonging and including �
<br /> all heating,plumbing and ligh�ing 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 Mprtga-
<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 agains[the lawful claims of all persons whomsoever;and the said Mortgagor here-
<br /> by relinquishes all rights of homesteaJ,and all martial rights,either in law or in equiry,and all other con[ingent interests of[he
<br /> Mortgagor in and to the above-described premises,the intention being to convey hereby an absolute title,in fee simple,includ-
<br /> ing a0 rights of homestead,and other rights and inrerests as ufvresaid.
<br /> PROVIDEIJ ALWAYS.and these presents are executed and delivered upon the f�llowing conditions,to wit:
<br /> The Mortgngor agrees to pay to the Mortgagee,or order_the principal sum uf ltaenty-Eight Thousand Nine
<br /> A drte�� F�.ft{y and no/lOOths------- nollars(5 Zg�950,00 ).withinterestfrom
<br /> �a4e a e ra e o eig h��t and one-half per ce�tum f 8.50 r/J per annum on
<br /> the unpaid balance until paid.The said principal and interest shall be payable at the olfice of g$nco Mortgage Company
<br /> in Waterloo, Zowa .ur:it+uch other place u+the holder of
<br /> the note may designate in writing,in monthly installments of 'nao Huadred Thirty-three and 34/lOOths-------
<br /> _____________________________DollarslS 23g,� ).commendingonthefirstdayof
<br /> A ril .�9�g ,and on the first day of each month thereafter until the principal and in-
<br /> [erest arc fully paid, e�ccept that the final paymeot of principal and interest, if not sooner paid, shall be due nnd
<br /> payable on the first day of March, 2003 . :all according to the terms of a certain promis-
<br /> sory no(e of even date herewith executed by the said Mortgagor.
<br /> ?he Mortgagor in order more fully'to protect the security of this Mortgage.agrcec: '6'
<br /> 1. That he wiU pay the indebtedness,as hereinbefore provided. Privilege is reserved to pay the debt in whole, or in an �� '
<br /> amount equaLto one or more monthly payments on the prirtcipal that are next due on the note,on the first day of xny month �y".
<br /> prior to maturiry:Provided,however.Tha[written notice of an intention to exercise wch privilege is given at least thirty(30) ,�,� !;j!>`
<br /> days prior to prepayment. � '
<br /> 2. That,together with,'and in addition to,thE munthly payments of principal and interest payable under the terms of the
<br /> note secured hereby.the Mortgagor wilFpay to the Mortgagee,on thr first day of each month until the said nore is fully paid,the �
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<br /> � fOIIOWIfI$SUfI15; . . .. .. . . .. . x . ,..,s.+:i '
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<br /> . ��. �(a1 An amount sulRcienUa provide the holder hereof with funds ta pay Iht next mongage insurance premivm if thia inurumenl and the wte aecurcd hercby � `"""�'� . . .
<br />� . . ... . ��are msurcd.w amonthly charge(u�lieu of.a murtgage innurance premiuml�t they are held by the Secretary o(Hou,i�and Urbun Ik�rinpmem.:..fo4 . .
<br />. . . . ' {ows:� .".. .. �. . . . . . . .
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