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<br /> STATE OF NESRASKA ?
<br />; FHA FORM NO.2143M � � � '
<br /> r (Hev.May 1976) This form is used m connec- F
<br /> r��-v tion with mortgages insured ..�7
<br />' MQR 1'�T�GLj' under the one- to four-family ` �
<br /> provisions of the Nationa] � � ''' (.
<br /> . HousinK Act.
<br /> 7s- �Q1G9$ �
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<br /> THIS MORTCiAGE,made and executed thislV 27 day of /��'�'�IG��J ' " ..4.U.
<br /> 19��.byand be[ween George P. Zahn and Zinda L. 2ahn, husband and wife, j ointly and each
<br /> in. their own righb, ' +
<br /> of the County of Fiall ,and State of Nebraska,party of the first par[,hereinafter called �`
<br /> the Mort�gor,anci FIRST BEDERAI. SAVINGS AND LOAN ASSOCIATION OF LINCOLN ' '
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<br /> a corporation organized and existing under the laws of T['te United States of America . k,
<br /> party of the second�art,hereinafter c�lled the Mortgasee, �.
<br /> WITNESSETH:That the said Mortgagor,for and in consideration of th�sum of 3j3I�iTY EIGHT THOUSAND FOUR "
<br /> HUNDRED }�IFTY A Nn/.100—"---'—"--------------Dollars(S 8�4 50.00 1,paid by the Mort- �
<br /> gngee. tfie rece�pr o�wh�c6 �s hereby acknowledged, has Granted and Sold und by these presents does Grant. Bar- §� �
<br /> gain, 5el). Convey and Confirm unto the Mortfiagee, its successors and assigns, forever, the following-described x
<br /> real estate,situated in the County of Hall .and State �
<br /> of Nebraska,to wit: • Y
<br /> Lot Tbree (3), Blocli Three (3), Normandy Estates, an Addition to the City oP Grand
<br /> Island, Hell County, Nebraska. �
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<br /> of the Sixth Principal Meridian,containing in a0 City Property acres according to Govern- �
<br /> ment survey: �
<br /> TO HAVE AND TO HOLD the premises above described,with alI[he appurtenances thereunto belonging and including f;
<br /> all heating,plumbing and lighting fixtures and equipment now or hereafter attached to or used in connection with said real estate x
<br /> unto the Mortgagee,and to its successors and assigns.forever.The Mortg:�gor represents to,and covenants with.[he 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 whomscever: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 /> _ ing all rights of homestead,and other rights and intercsts as aforesaid. r
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<br /> PROVIDED ALWAYS,and these presents are erecuted and delivered upon the following conditions,to wit:
<br /> The Mortgagor agrees to pay to the Mortgagee.or order,the principal sum of THIRTY EIGHT THOUSAND FOUR
<br /> HUNDRED FIF7.R AND NO/100------------Doltars($38,450.00 ).with interest from -
<br /> date at the ra[e of ei�ttt and three fourths-----------per centum( g_75 7)per ann�m on
<br /> the unpaid balance unt�l paid.The said principal and in[erest shall he payable at the ofi'ice of First Federal Savings and
<br /> Loan Asaociatton of Lincoln
<br /> in Lineoln, Nebraska or at such other place as the holder of x
<br /> the note may designate in writing,in monthly installments of THREE HUFDRED TWO AND 60/100---------------- ' <
<br /> ------------------------------Dollars(5 302.60 ).commending on the first d�y of
<br /> ' �y .19 7$ ,and on the first day of each mo�th thereafter until the principal and in-
<br /> tercst :ire fully paid, except that the final payment of principal and interest, if nut souner paid, shall be Jue and
<br /> payable on thc first day of Apx'il 2008 . :all according tu the terms ot:�certain promis-
<br /> . sory note of even date herewith e�tecuted 6y the said Mortgagor.
<br /> 'The Mortgagor in order morc fully ro protect the security uf this Mortgage,agrees:
<br /> I. Tfiat'he will pay[he indebt�dness,as hereinbefore provided. Privilege is reserveJ to pay the debt in whote, or in an
<br /> amouat equal to one or more monthly payments on the principal that are next due on the note,on the first day of any month h�
<br /> prior[o ma[urity:Provided.however.That written notice of an intention to exercise such privilege is given at least thirty f30) r
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<br /> days prior to prepaymentc �,N'^
<br /> 2:That,�ogethe�wi[h,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 /> followingsums: y..zwc.��.-. ,:,
<br /> � � (a)An amount sufPcienl tp provide Ihe holder hereof with funds to pay[he neat monpgt insurnnce premium if this in.trumrnt xnd�he n.+te aecurcd herchy � '
<br /> � � � �are insu(eQ.or.A monthly.char�e lin Iieu of a mort�aQe imurancqpremiuml if they are held by the Secrcr ry of Houaing and Urban Ik•�Nnpment.a.fob � . � �
<br /> .. . . lows:� . .. ._ . .. . . . . . . . . .
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