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TATE OF '
<br />S .
<br />FHA FORM NO. 2143M This form is used in eQnnee-
<br />(Rev. December 1972) r tion with mortgages insured
<br />MORTGAGE under, the one- to four-family
<br />lrl provisions •oi the National
<br />Housing Act..'',
<br />THIS MORTGAGE, made and executed this 12th. day of May ,A.D.
<br />19 75 , by and between John W. Knapp and. Nancy S. Knapp, husband and wife,` each in his and
<br />h x o individual right and as spouse`of the othe jo ntly a d s verally
<br />o7the County of Hall ,and State ofAebraska, party o the rst part, hereinafter called
<br />the Mortgagor, and FIRST FEDERAL DERAL SAVINGS AND LOAN ASSOCIATION OF . LINCOLN '
<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 />AND NQ/100--a receipt of which -------------------- is hereby, ackno— — -- _ Dollars ($ ?J010.00 )� Paid by the Mort-
<br />gagee, wledged, has Granted and Sold an ese 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 Four (4) in Fractional Block Thirty—eight (38) in Charles
<br />Wasmer's Addition to.the City of Grand,Island,.',Hall County,
<br />Nebraska.
<br />This is a corrective mortgage to correct the last payment date'on Mortgage recorded
<br />on April 18, 1975 in Book 168, Page 497
<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 aWmartial 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 IBOENTY—FOUR THOUSAND' FIFTY
<br />_ Dollars ($24,050 .00 ),with interest from
<br />AND N0/100 --- --- -- " per centum( g .5O , %) per annum on
<br />date at the rate of ' ht nd. oxi h if
<br />the unpaid balance until paiy� e sail principal an� interest shall be payable at the office of First federal Savings
<br />and Loan Association of Lincoln , or at such other place as the holder of
<br />the note may designate in writing, in monthly &WA of One Hundred' Eighty—four and 94/100----------
<br />T115 --------
<br />--------- Dollars ($181},91} ), commending on the first day of
<br />-------
<br />- , 1975 '; and on the first day of each month thereafter until the principal and in-
<br />terest are fully paid, except that the final payment of princial and interest, if not sooner paid, shall be due and
<br />payable on the first day of April 2055 ; 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 1. 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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