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STATE OF NEBRASKA
<br />FHA F ORM NO. 2143M This form is used in connec-
<br />(Rev. December 1972) tion with mortgages insured
<br />;-MORTGAGE.� under the one- to four -family
<br />provisions i of the National
<br />Housing Act.
<br />010683.
<br />THIS MORTGAGE, made and executed this 4th day of November A.D.
<br />19 75 by'andbetween , John E. Helms and Peggy A. Helms, husband and wife
<br />of the County of Hall and State of Nebraska, party of the first part, hereinafter called
<br />the Mortgagor" and
<br />Northland Mortgag.e Company
<br />a corporation organized and existing under the laws of the State of Min�nesota
<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 -:eight thousand f our
<br />hundred and noJ100 — — — 7 ------------------------- Dollars($ 28,400.00 ), 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 successbrs and assigns, forever, the following -described
<br />real estate, situated in the County of Hall and State
<br />of Nebraska, to wit:
<br />The Easterly 37' of Lot 2, and the Westerly
<br />24' of Lot 3, Block 1, all in Westerhoff".s;
<br />First Subdivision in the City of Grand Island,
<br />Hall County, Nebraska.
<br />of the Sixth Principal Meridian, containing in all acres according to Govern-
<br />nient survey:
<br />TO HAVE . AND TO HOLD the premises above described, with all. the appurtenances thercunto* 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 Tight 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 diaims 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 tile above-described premises, the intention being to convey hereby an absolute title, in fec* 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 four
<br />hundred and no/100 ------------ Dollars(S 28,400.00. with interest from
<br />date at the rate, of Eight and one/half' percentum( 8.50' %) per annum on
<br />the unpaid balance until paid. The said principal and interest sh all be payable at the office of Northland Moftgage Company
<br />in St. Paul, Minnesota or at such other4laccas the holder of
<br />the note may designate in writing, in monthly installments of Two hundred eighteen and 0/100 -------
<br />--------------------------- Dollars($ 218.40 commending on the first day of
<br />December 19 7S 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 principal and interest, if not sooner paid, shall. be due and
<br />payable on the first day of November . - 1 2905 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 thc'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 ill e� 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 licli of a mortgage insurance premium) iLthcy arc held by the Secretary of Housing and Urban Development, as fol-
<br />lows:
<br />
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