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STATE OF NEBRASKA • _
<br />FHA FORM NO. 2143M 'This form is ' used in connec-
<br />(Rev. December 1972) tion with, mortgages insured
<br />/
<br />MORTGAGE under the one- -to four -family
<br />:provisions of the National
<br />'7 Housing Act.,
<br />I r�
<br />THIS MORTGAGE, made and executed this. ZS �/7 day of � 'A.D.
<br />1975 , by and between David L. Kennel and Rochelle M. Kennel, husband and wife; each in
<br />h' d he own individual right -and as spou of h ciher t and seve all
<br />oft eVourtty of. . Grand Island , an39State of ITe%ras a, pai t} 67 tVie �iyt part, herema ter ca�led
<br />the Mortgagor, and FIRST FEDERAL SAVIN3S AND LOAN ASSOCIATION OF LINCOLN '
<br />a corporation organized and existing under the law s'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 . TEN THOUSAND THREE HUNDRED
<br />AND N01100------------------- ------------------- Dollars ($ 10, 300.00 ),, paid.by the Mort-
<br />gagee, the receipt of which is hereby acknowledged,; has Granted and Sold 'and by these presents does :Grant, Bar-
<br />gain, Sell, Convey and Confirm unto 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:
<br />Lot Ninety-two (92),.in Buenavista Subdivision, an Addition
<br />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 Isuccessors 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 TEN THOUSAND THREE HUNDRED ,AND
<br />N0/100----------- ----------------- rpollars($10,300.00 ),'with'interestfrom
<br />date at the rate of eight and one—half per centum ( 850 %) per annum on
<br />the unpaid balance until paid. The said principal and interest shall be payable at the office of First Federal . Savings
<br />and Loan Association of Lincoln
<br />to Lincolr� , or at such other place as the holder of
<br />the note may designate in writing, to monthly or
<br />of Seventy—nine and 21100-------------=------
<br />------ --- Dollars
<br />($ , and on the first da of ),commending on the first day of.
<br />79 21
<br />June — 75 y each month thereafter until the principal and in-
<br />terest are fully paid, except that the final payment of principal' and interest, if not sooner paid, shall be due and
<br />-payable on the first day of May 2005;,a -ll 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; andin 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: . .
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