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<br />�- i� 7 A+ M i'
<br />- - _ F�led`or record%, ' . o
<br />e s
<br />Hili County, Nebraska
<br />;O MOR VAG
<br />I nb e r t tlr e, 'Made . and Executed. On t= 5thdap' of 1�Y D 1.975
<br />sitz: \ by and between Leonard Z. and Naomi A.` Schwieger• of •2130 Howard' St.' , 'NorthP .
<br />`Grand•'Island, Nebraska-': party of the first part,
<br />and__ Roberts Dairy Employees Federal Credit `Union
<br />2.901 Cuming St.; Omaha, Nebraska
<br />_party of the second part.
<br />WITNESSETH, that the said party of the first'part, for and in consideration of 'a_1 nan in the amriunt df
<br />Forty --one hundred sixty-nine and 50/100 — — — — — — — --DOLLARS, paid by said party of the
<br />second part, the receipt whereof is hereby acknowledged, has panted, bargained, sold and conveyed, and by these presents, does grant, bar -
<br />'land !ell sad convey, unto.said party of the second part, th= following de -scribed real property situate in the County of Douglas and State
<br />of Nebraska, to -w -*.t:
<br />Lot One (1) and the north 24 feet'6 inches of Lot 3 (three),:-
<br />'Block
<br />three),.Block Fifteen 15 ., University Place in. Hall -County,
<br />Grand Island, Nebraska
<br />together with all the tenements, hereditaments and appu.-tesaaces to the same belormn z, and all the estate, title, dower right of homestead,
<br />claims and demands whatsoever of the said party of the first part of, in or to, said premises or any part, thereof; and said part• of the first
<br />part does hereby covenant, that said party of the first pa:,, is lawfully seined of said premises, thai said premises are free from .incumbrance
<br />except first mortgage now held by Home Federal Savings & L4pdithat said party of the first part will
<br />warrant and defend the title to said premi=_e3 a;ainst the Iawful claims and demands of all persons whomsoever___
<br />PROVIDED ALWAYS, S, and these presents are upon these conditions:
<br />WHEREAS, said party of the first part has exec ---ted and delivered to the said party of the second part..___
<br />promissory note in_the amount of Forty-one hundzxed sixty-nine and 50/100 dollars to be
<br />repaid in 78 bi-weekly payments .as follows: 77 *@ $0'50 and 1 Q $62.80
<br />including interest at the rate of 1% per month or"12% per annum - the first
<br />payment to .become due on the 16th day of hfay, and a like amount on the
<br />Friday of very oth.Uwegk thereafter until the full amount of the principal
<br />plus interest has been :�ai.d-in •full.
<br />and wberess, the party of the first part has agreed to keep the buildings, if any, upon said'premise3, insured in some company or companies
<br />approved by said arty of the second art; for the sum not less than.the first & second mortQa es
<br />p p
<br />Cr—DOLLARS,
<br />and deliver to said party of the second part the policy or po,icies containing a clause with the loss payable to said party of the second part,
<br />or assigns, and has arreed to pay all taxes and assessme^;s a;a:nst said premue3 before the sante; by law, become delinquent, and has a;reed
<br />that if said party of the first part does not provide such in_u:once, or fails to pay all taxes as aforesaid, then said party of the second part, or
<br />holder hereof, may pay such insurance and taxes, or either of them, and all a= eW�ts so paid by said party of the se,:ord part she!! bear in-
<br />terest at the rate of nine per cent per annurn from the daze of payment, and this morf;a;e shall stand as security therefor, and said sun may
<br />be added to the amount of the mortgace debt, and the same recovered as a part the:•.of. Now,
<br />if the said party of the first part scall we(t
<br />and truly payor cause to be paid the said suet �f money in said note._ mentioned, with interest thereon according to the tenor and effect
<br />of said note ..... _. and shall keep said building; insured a; aforesaid, and shall keep all taxes and assessments paid, and shall duly keep, and
<br />perform all the other covenants and agreements herein contained, then these present3 to be null and void. But if said sum of money or -any
<br />Part
<br />thereof, or any interest thereon, a not paid Rhea the same is due, or if _aid buildings shall not be kept Lnsurcd as afom3aid, or if the
<br />takes and assessrn nts against said premises are not paid at or before the time the same become by las delinquent, or if said party of the
<br />first part shall fail to keep nrd perform any covenants herein contained, the holder hereof shall have the option to declare the whole of said
<br />indehtedne s due and payable at anytime after such faihire or default, and may maintain as action at law or equity to recover the same,
<br />and the commencement of such action shall be the only notice of the exercise of said option required.
<br />AN D IT IS FURTHER PROVIDED AND AGREED, That the said Mortgagor shall and will pay all taxes levied upon this more
<br />gage or the debt =Secured thereby, together :with any other taxes or assessments which may be levied under the Laws of Nebraska, against the
<br />said Mort-agee or the legal holder of the said principal note.__ on account of this indebtedness.
<br />r[ LiE�i�l0� l��iE01, tdehereon se our tan . S he date above written.
<br />IN PRESENCE OF
<br />STATE OF NEBRASKA,-
<br />as.
<br />County of Daagfn On this day of. A. D.—..__
<br />Hall before me, s_Notary Public in and for the said County personally came the above named._.._.._
<br />_Leonard and NaomiA. Schw1wer -_._.�
<br />_.___who— TPMpersonally known to me
<br />*^ be the identical per3on-9. whose name S _ are affixed to the above instrument
<br />CAROL. L .DAytS- their
<br />'GENERAL NOTARY. as grantor-S-and..__t
<br />ley-_._-_._.-._aclnowled:,ed said instrument to be._._..__voluntary
<br />ac and deed.
<br />State of Nebros,<a :. _
<br />My Commission Expires SIT\ESS my hand and Nota *al Stal the da�tejllresaid.
<br />February 26,:1979+
<br />Notary Public.
<br />.4 Cf
<br />My commission expires on the.—_._ �.___ _ .-_-_day of_— -- _A. D
<br />_ \ 1X _ ._.J G�� sees
<br />�Z9
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