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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 />MOR?'GAGE under the one-. to four-family
<br />provisions of the National
<br />Housing Act.
<br />MltROFILMED
<br />THIS MORTGAGE,made and executed this :28th day of July A.D.
<br />19 75 by and between
<br />TERRY J. FLAKUS and MARY V. FLAKUS',-husb'and'and wife
<br />of the County of MALL , and State of Nebraska, party of the first part, hereinafter:called
<br />the Mortgagor, and
<br />NORTHLAND MORTGAGE'COMPANY.
<br />a corporation organized and existingunder the laws of
<br />the State of.Minnesota� .,
<br />party of the second part, Hereinafter called the Mortgagee,
<br />WITNESSETH: That the said Mortgagor, for and in consideration of the sum of i TWENTY EIGHT THOUSANI) TW
<br />HUNDRED FIFTY and NO/100------------------ ------ Dollars ($28 250:00 ), 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. 6 in: Island Acres' Nor 7, a Subdivision'�of part of
<br />'Fractional Section'7; part of the West HalfofLth'e;West
<br />:Half I(W2142) of Section 8; and part of Lot' 24, ,Is1'and
<br />'Acres;, all in Township 11 North, Range 9 [lest of: ; he
<br />6th P:.M., in the City of Grand Island, Hall County;,`
<br />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 ale 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 EIGHT THOUSAND Tido .
<br />HUNDRED FIFTY and `:N0(100-------=---Dollars ($.28, 250.00 ), with interest from
<br />date at the rate of eight per centum ( 8.00 %) per annum on
<br />the unpaid balance until paid. The said principal and interest shall be payable at the office of
<br />NORTkILAND MORTGAGE COMPANY
<br />in St. Paul, Minnesota , or at such other place as the holder of
<br />the note may designate in writing, in monthly installments of TIDO HUNDRED SEVEN and, 36/100--------------
<br />----- __ Dollars ($. 207.36 },'commending on the first day of
<br />September ; 19 75 , and on the first day of each month thereafter until the principal and in-,
<br />ter 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 August 2005 ;-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 wh'61e, or in an
<br />amount equal to one or more monthly payments on the principal that are next due onithe.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 wetted hereby
<br />are insured, or a monthly charge (in lieu of a mortgage insurance premium) if they are held by the Secretar
<br />lows: y of Housing and Urban,Development, as fol-
<br />
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