|
STATE OF NEBRASKA •
<br />FHA FORM NO. 2143M This form is used .in .connee-
<br />(Rev. December 1972) r� T tion with mortgages insured
<br />MORTGAGED under the one- to four -family
<br />provisigns,• of the National
<br />Housing Act:,
<br />THIS MORTGAGE, made and executed this IWAday of Aar ) I ' • ,A.D.
<br />19 75 , by and between John W. Knapp 'and. Nancy S . Knapp, husband and wife, each• in his
<br />and her ovm individual'right and as spouse of the other, jointly and severally.
<br />of the County ofHall , and State of Nebraska, party of the first part, hereinafter called
<br />the Mortgagor, and
<br />FIRST FEDERAL SAVINGS AND LOAN ASSOCIATION OF LIN(0 LN .
<br />a corporation organized and existing under the laws of : the United States
<br />party of the second part, hereinafter called the Mortgagee,
<br />WITNESSETH: That the said Mortgagor, for and in consideration of the sum of TWENTY-FOUR THOUSAND FIFTY
<br />- _- Dollars ($2y. 050.00 ), paid by the Mort-
<br />gagee, the eceipt of which is hereby acknowledged, has Granted and Sold and �y these presents does Grant, Bar-
<br />gain, Sell, Convey and Confirm untothe 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:
<br />Lot Four (4) in Fractional Block Thirty-eight (38) in Charles Wasmer's
<br />Addition to the* City of Grand Island, Hall County, Nebraska.
<br />of the. Sixth Principal Meridian,'containing in all acres according to Govern-
<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 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 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 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-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 interests as aforesaid.
<br />PROVIDED ALWAYS, and these presents,are executed and delivered upon the following conditions, to wit:
<br />The Mortgagor agrees to pay to the Mortgagee, or order, the principal sum of TWENTY -FOUR. -THOUSAND FIFTY AND
<br />N01100- f =- Dollars (24, 050.00 - ), with interest from
<br />date at the rate of e' ht and one-half per centum ( 8.50 %)per annum on
<br />the unpaid balance until paid. The said principal and interest shall be payable at the office of first Federal Savings
<br />and Loan Association of Lincoln.
<br />in i Lincoln , or at such othe place as the holder of
<br />the note may designate in writing, jn monthly installments of One Hundred Eight -four and, 9 100----------
<br />----- _--------------------- Dollars ($ 184.94 ), commending on the first day of
<br />� 19 75 , and on the first day of each month thereafter until the principal and in-
<br />terest are fully'�aid, except; that the final payment of principal and interest, if not sooner paid, shall be due and
<br />payable on the first day of June 200 all according to the terms of a certain promis-
<br />sory note of even date herewith executed by the said. Mortgagor.
<br />The Mortgagor in.order more fully to protect the security of this Mortgage, agrees:
<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 one or more monthly payments' on the principal that are next due on the note, on the first day of any month
<br />prior to maturity: Provided, however, That written notice of an intention to exercise•such privilege is given at least thirty (30)
<br />days prior to prepayment. ,
<br />2. That, together with, 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 />following sums:.
<br />(a) An amount sufficient to provide the holder hereof with funds to pay the next mortgage insurance premium if this instrument and the note secured hereby
<br />are insured, or a monthly charge (in lieu of a mortgage insurance premium) if they are held by the Secretary of Housing and Urban Development, as fol-
<br />lows:
<br />
|