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<br /> � This form is uaed in connec-
<br /> ' tion with mortgagea ins�ed
<br /> MORTGAGE under the onr to four-family
<br /> proviaions of the National
<br /> .]$— �O 1 0 /� Aouaing Act.
<br /> � �
<br /> � THIS MORTGAGE,made and executed this 27 th day of gebruary ,A.D.
<br /> 19 78 .byandbetween �rry W. Weir Sr. and Joyce A_ Weir, husband and wi£e
<br /> ( of t6e County of Hall ,and State of Nebraska,party of the first part,hereinafter called
<br /> theMortgagor,and Banco Mortgage Company - - •
<br /> a corporation organiud and existing undu the laws of the S ta te of Iowa •
<br /> party of the second part,hereinafter called the Mortgagee,
<br /> ,� � �
<br /> � WITNESSETH:T'hat the said Mortgagor,for and in consideration of the sum ot Thirt -three Thous d �� Hundred
<br /> Fift and n4/IOfOtt�s--r----------------------------D°Ilars(533,25�.Q0 ).P�+��ythc7Nor[
<br /> gage�,the recapt o w �ch �s hereby acknowledged, has Granced and Sold and by these presents does Grent, Barv
<br /> gain, Se1i. .Convey and Confirm unto the Mortgagee, its successors and assigns, forever, the foUowing-described
<br /> reai estate,situated in the County of Ha 11 ,and State
<br /> of Nebraska,to wit:
<br /> �
<br /> ' ± THIS IS A PURCHASE MONEY MORTGAGE
<br /> : t
<br /> ', x I.ot Twenty-four (24), Ar�o Fourth Subdivision in the Village of Alda, Aall
<br /> , } County, Nebraska.
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<br /> � of the Sixth Principal Meridian,containing in all acres according to Govem- . , _
<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 wnnection with said real estate
<br /> I unto the Mortgagee,and to its successors and assigns,forever.The Mortgagor represents to,and covenants with,the Mortga-
<br /> 1 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 againsi the lawful claims of atl persons whomsoever;and the said Mortgagor hero-
<br /> � byrelinquishes all righu of homestead,and all martial rights.either in law or in equity,and aIl other contingent interests ot the
<br /> q Mortgagor in and to the above-described premises,the intention being to convey hereby an absolute Gde,in fee simple,inNud-
<br /> ing alt rights of homestead,and other righis and interests as aforesaid.
<br /> -; PROViDED ALWAYS,and these presents are execu[ed and delivered upon the following conditions,to wit:
<br /> ( The Mortgagoragrees to pay to the Mortgagee.or order,the principal sum otPhirty-three Thousand Two Hundred
<br /> ; Fifty and no/100ths----------------��lars(5 33,250.00 ),with interest from
<br /> s• dateafiherateof eight and one-half percentum( g,9O %)perannumon
<br /> � the unpaid balance until paid.The said principal and interest shail be payable at t2�e o}fice of ganco Mortgage Company
<br /> ; �
<br /> � ! �n Waterloo Iowa ,or at such other place as the holder of
<br /> ' thenotemaydesignateinwriting,inmont�ilyinstallmenuof Zy,,o Hundred Fifty-five and 69,/100ths-------
<br /> s _____________ __ Dollars(S 25 69 ),comme�dmgonthefirstdayof
<br /> : April ,19 78,an�on tBe first day of each month thereafter until the principal and in-
<br /> terest are fully paid, except that the final paymmt of principal and interest, if not sooner paid, shall be due and
<br /> ' ! payable on the first day of March, 2008 , ;all according to the terms of a certain promis- '
<br /> ``+ sory note bf even date herewith executed by the said Mortgagoc
<br /> � The Mortgagor in order more fully to protect the security of this Mortgage.agrees:
<br /> ; r
<br /> � 1_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 ona or mom monthly paymeats on the principal that are next due on the note,on the first day of any month :
<br /> ' prior to maturity:Proyided,however,That written notice of an intention to exercise such privilege is given at least thirty(30)
<br />:� days prior to prcpayment. 2- '
<br /> . . . . . . .. . . . . . . .,...r_---r�.
<br /> ,� 2. Tha4;together wiih,and in addition to,the monthly payments•of principal and interest payable under the terms of the a '
<br /> � �ote secured hereby,the Mortgegor witl pay to the Mortgagee,on the first day of each month until the saia note is fully paid,the I ' �'s
<br /> following sums:
<br /> 1 $�
<br /> . �.�. . . . . . . . . . . . . �r,, „ s
<br />�.� ' (a) Amount suEf"sctent-to provide the holder hereof with funds to pay the next mortgage Insurance premium if this �, ' %?
<br /> instrumeni-and the-note secured hereby aro insured,or a monthly charge(in lieu oja morrgoge irrsumnce pre- �+
<br /> miumJ if they are held by the Secretary of Housing and Urban Development,as fotlows: ,
<br /> (I) If and ao long as said note of even date and this instrument are insured or are reinsured under the pro-
<br /> visio¢�s of the Nationsl Hous"vtg Act,an amount sufficient to accumulate in the hands of the holder onc
<br /> vreviou�ed�Nom�ro obcotete STATE OF NEBRASKA
<br /> . . . . FHA-2�43M(10-77) �
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