|
r
<br /> ,; .
<br /> ' •-^; This form ia used in connec-
<br /> �� r ' tion with mortgagea insured
<br /> M�RZ`GAGLj under the one- to four-family
<br /> provisiona of the National
<br /> ? .78+ ���4.�7 6 Houaing Act.
<br /> '- �! THIS MORTGAGE,made and executed this 14th day of March .A.D.
<br /> ' � 19 78 ,:by and bcfween Thomea P.`Waraer and Barbara J. Warne=, husband and wife y.
<br /> . 3 of the County of Ha 11 ,and State of Nebrnska,party of the first part,hereinafter called
<br /> t the Mortgagor,and ,
<br /> ` } Banco Mortgage Campany
<br /> ' i a corporetion organized and existing under the laws of the S t ate of =owa •
<br /> � party of the second part,hereinafter catled the Mortgagee, ;
<br /> ' t
<br /> '-j WITNESSETH:That the said Mortgagor,for and in consideration of the sum of E ighteen Thousand Three Hundred
<br /> i Pift�. and.nc/EIU��E�ar------- - - -- -- --D°llars(S i8 350.QO �,Paid by thc Mon-
<br /> � gagee, t e recapt o w ic is hereby acknowledged, has Granted and Sold'and b�tfiese presents does Grant, Bar-
<br /> � gam, Sell, Convey and Confirm unro the Mortgagee, its successors and assigns, forever, the foltowing-described �-
<br /> rcal estate,situated in the County of Hall ,and State
<br /> € of Nebraska,to wit:
<br /> t�.
<br /> _ i THIS IS A PURCHASE MONEY MORTGAGE
<br /> �
<br /> iLot Fifty-one (51), in West Heights Addition to the City of Grand Island,
<br /> j Hall County, Nebraska. •'
<br /> I c
<br /> (`;
<br /> � � �
<br /> �
<br /> ; '
<br /> e
<br /> � �`
<br /> F
<br /> r.
<br /> �
<br /> � of the Sixth Principal Meridian,containing in all acres according to Govern- . �
<br /> ment survey: „,
<br /> � TO HAVE AND TO HOLD tlie premises above described,with all the appurtenances thereunto belonging and induding ;
<br /> � ail heating;piumbing 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 wnvey said premises;that they are free from encumbrance;and that the
<br /> ; Mortgagor witl warrant and detend the same against the lawful ciaims of alt 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-0escribed premises,the intendon being to comey hereby an absoluu tiUe,in fee simple,includ-
<br /> � ing all rights ot homestead,and other rights and interests as aforesaid.
<br /> ; � PROVIDED ALWAYS,and these presents are executed and delivered upon the following wnditions,to wit:
<br /> �
<br /> '� The Mortgagoragees to pay to the Moctgagee,or order,the principal sum of Eighteen Thousand Three Hundred
<br /> ; Fift and no/1 OOths----------Doltars($ 18 350.00 ).with interest from
<br /> 7, date at the rate o�eight and three-fourths ' per centum( 8.75 %)per annum on
<br /> ithe unpaid balancc unUi paid.7'he said principal and interest shali be payable at the otfice of ganco Mortgage Company
<br /> �{ in Waterloo, Iowa ,or at such other place as the holder of
<br /> the note may designate in writing,inmonttily instailments ofOae Hundred Fifty-one and 02/100ths----------
<br /> :,.� -------_----_-_--- --------pollars(S 15i 02 ).commending on the first day of
<br />, � Maq ,t9 78,andon tlu firsi day of each month thereafte�until the principal and in-
<br /> ,� terest are fuI1y paid; except that the final payment of principal and interest, if oot sooner paid, shall be due and
<br /> i ' payable on the first day of � ril, 200� . :all according to the terms of a certain promis-
<br /> � sory note of even date herewith exec�uted by the sa�d Mortgagor.
<br /> i
<br /> � The Mortgagor in order morr fully to protect the sccurity of this Mortgage,agrees:
<br /> ,; L That he will pay the indebtedness,as hereinbeforc provided.Privilege is rcserved to pay the debt in whole, or in an
<br /> # amount equal to ooe or more montlily payments on the principal that are next due on the note,on the first day ot any month
<br /> prior to maturity:Provided,however,That written nodce of an intention to exercise such privilege is given at least thirty(30)
<br /> .� days prior to prepaymeat. _
<br /> '"� 2. That,together:with,and in addition to,the monthly payments�of principal and interest payable under the terms of the �c
<br /> note ucured hercby,the'Mortgagor will pay to ttie Mortgagee,on the first day of each month until the sai21 note is fully paid,the �
<br /> foliowingaums:
<br /> •. (a) Amount suffident to provide the holder hereof with funds to pay the next mortgage insurance premium if this
<br /> inatruinenY:and the:nolcsecured:hereby are lnsured,or a monthly chuge/fn lieu o1'a mortgage insr�mnce pre-
<br /> v'�" mtcrmJ if they arc held try the Secretary of Housing and Urban Devetopment,as follows:
<br /> � (I) If and so long as sald note of even dau and this instrument are Insured or are reinsured under the pro-
<br /> .�, visions of the iVationsl Housing Act,sn amouM sufflcient to accumulate in the hands of the holder one
<br />'�� ` ` CTATF.OFNF.BRASKA
<br /> 2 ��'yfOVfOU{Etl1t10M�f�ObfO�Ote -. . FHA—$143Mf10-77)
<br />
|