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STATE OF NEBRASKA I
<br />FHA FORM NO. 2143M MICROFILMED
<br />This form, is used in connee-
<br />(Rev. December 1972): r tion with mortgages insured
<br />MOR 1 GAGE i ! under the on to.four-family
<br />• ! provisions of the National
<br />855 I O Housing Act:
<br />r�
<br />THIS MOI2TGAGE,1made�and executed this y of /7 y ,A.D.
<br />19 75 , by-and between' Norman N. McCarthy and Georgene 0 McCarthy, husband and wife,
<br />each in his and' her own individual right and as spouse ' of the !'other, jointly 'and severally
<br />of the County of Hall ; and State of Nebraska, party of the first part, hereinafter, called
<br />the Mortgagor, and FIRST :FEDERAL SAVINGS AND LOAN ASSOCIATION OF ;LINCOLN '
<br />a corporation organized and existing under the laws of the iUnited Stage's
<br />party of.the second part, liereinaf ter called the Nfortgagee,
<br />WITNESSETH That the said Mortgagor, for,and in consideration of the sure of+ 5TENTY—THOUSAND FOUR HUNDRED
<br />FIFTY ------------------- Dollars'6�0 4M0.00 ), paid by the Mort-
<br />gagee, the receipt of which is hereby acknocvledged, has Granted and Sold .1and'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 I I ;.and State
<br />of Nebraska,`to wit:
<br />Log' Sixty-one (61) ,in Buenavista Subdivision', an- Addition* to the
<br />.' City.of Grand Island, Hall County, Nebraska
<br />-
<br />of the Sixth Principal Meridian, containing in all; acres according'to Govern-
<br />mentsurvey: I�
<br />TO HAVE AND TO HOIsD'the premises above described, with all the appurtenance's thereunto belonging a'nd 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 }whoms'oever'; 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 />ingall rights of homestead„rand 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 principalsum of. I7,7ENTY J THOUSAND-FOUR 'HUNDRED
<br />FIFTY AND N01100------------------___ Dollars (S 20,450'00 ; : ' ),with' interest from
<br />date at the rate of eight and one—half per centum ( $ .50 %) peranntim 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 Associaton'of Lincoln
<br />in L1neoJln or at such other place as the holder of
<br />the note may designate in writing, in monthly instal merits of One Hundred Fifty—seven and 26100-----=—_
<br />_ ___—__ _--pollars ($ 157 2( ), commending on the first day of .
<br />f t"em�er ,19 75 , and on the first day of each;month thereafter until the principal and ip--
<br />terest are u ty pat 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 allaccordingto 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:r'eserved 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. s
<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 u
<br />following sums ntil the said note is fully paid, the
<br />•.l
<br />(a)' An amount suff cicnhto provide the holder hereof with funds to pay the next mortgage insurance premium if this instrument and the note secured hereby
<br />are insured, ora monthly charge (in lieu of a mortgage insurance premium) if they arc held by the Secretary of Housing and Urban Development, as fol-
<br />lows:
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