|
STATE OF NEBRASKA • •
<br />FHA FORM NO. 2143MThis form 'is used in connec-
<br />(Rev. December 1972): tion with `mortgages insured
<br />MORTGAGE
<br />under. the one- to four -family
<br />MICROFI�ttE� provisions of the National
<br />it v Housing Act. .
<br />THIS MORTGAGE, made and executed this �, g day of . v uS� ,A.D.
<br />19 75, by and between .James R. Boggs and Kathryn A Boggs, husband :and.wife•, each in, his :
<br />fwd c m individual right and as Touse of the other, jointly and severally
<br />ofe oun y o Hall , and State of Nebraska, party of thhe 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 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 SIXTEEN THOUSAND, TWO HUNDRED
<br />FIFTY AND N01100 ---------------------------------Dollars ($ 16, 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 />The Westerly Thirty one and One Half feet (W 312r) of Lot
<br />Seven (7), Block One Hundred Thirty (130). in Koenig and
<br />Wiebe's Addition to 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 are free from encumbrance; and that the
<br />will warrant and defend the same against the lawful claims of all persons whomsoever; and the said Mortgagor here-
<br />Mortgagorby'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 feesimple, 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 sunrof SIXTEEN -;THOIB AND TWO HUNDRED
<br />FIFTY AND NO/100---------- —--Dollars_($.16,250 .00 'with'interest from
<br />date at the rate ofei hht and n -half per centum ( %) per annum on
<br />the unpaid balance until paid. The sidprmctpapanMC interest shall be payable at.the office of Fist Federal Savings • and
<br />Loan Association of Lincoln
<br />to Lincoln ; or at such other place as the holder of
<br />the note may designate in writing, in monthly installments of One Hundred Thirty and 98100-------------
<br />______ _ _ ________________ Dollars ($ 1 cc��RR ), commending on the first day of ;
<br />Oct ber — , 1975 , WdAc first day of each month thereafter until the principal and in-
<br />terest are fu�y 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 September 2000 ; 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 idaddition 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 H6ysing and Urban Development, as fol-
<br />lows:
<br />
|