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STATE OF NEBRASKA
<br />FHA FORM NO. 2143M
<br />(Rev. December 1972)
<br />MORTGAGI
<br />010685
<br />THIS MORTGAGE, madctand executed this 4th day of
<br />19 75 , byand between Gene R. Smith and Helen A. Si
<br />of the County of Hall and State of
<br />the Mortgagor, and
<br />Northland Mortgage Company
<br />a corporation organized and existing under the laws of the;State.o,
<br />party.of the second part, hereinafter called the Mof.!gagee
<br />WITNESSETH: That the s'aid Mortghgor, for and in consideration of th(
<br />fifty and no/100 ------------------------------
<br />gagee, the receipt of which is hereby acknowledged, has Granted and
<br />gain, Sell, Convey and Con]frm unto the Mortgagee, its successors
<br />real estate, situated in the County of Ha I I
<br />of Nebraska, to wit:
<br />The Easterly 61' of the:14esterl,
<br />Block 1, in 14esterhoff's First
<br />the City of Griand Island, Hall
<br />This form 19 used in connec-
<br />tion with mortgages insured
<br />under the one'- to' four -family
<br />provisions i1f 'the National
<br />Housing Act!
<br />qoVember
<br />A. D.
<br />:h,: husband and wife
<br />bra Aa, party of the first part, hereinafter called
<br />linnesota
<br />Thirty thousand �hi:ee hundred
<br />ars($ 30,350.00 ), paid by the Mort-
<br />)ld and by these presents doesiGr4'nt, Bar-
<br />d- assigns, forever, the followin�g'-described
<br />and State
<br />15 1: of Lot 3:,
<br />division in'
<br />m'ty�, Nebraska.
<br />of the Sixth Principal Meridian,;containing in all
<br />acres according to Govern-
<br />ment survey:
<br />TO HAVE AND TO HOLD the premises above described,, with all the alp )urfc:nances there -unto belon4ing and including
<br />all heating, plumbing and lighting fixtures and equipment now or hereafter attadh �d to or used in connection with sald real estate
<br />unto the Mortgagee, and to its successors and assigns, forever. The Mortgagor epresents to, and covenants with,� the Mortga-
<br />gee, that the Mortgagor has good right to sell and convey said 'premises; that hey!are free from encumbrance;:and that the
<br />Mortgagor will warrant and defend the same against the lawful claims of all perls ins whomsoever; and the said Moitgagor here-
<br />by relinquishes all rights of honicstead, and all martial rights, either in law or in quiiy, and all other contingent inferests of the
<br />Mortg,'igor in and to the above-iJescribed premises, the intentionibeing to conveyher6y an absolute title, in fee simple, includ-
<br />ing all rights of homestead, and bther rights and interests as afore'said.
<br />are executed and delivered pon� the following conditions, to wit:
<br />PROVIDED ALWAYS, and these presents, u
<br />The Mortgagor agrees to pay to the Mortgagee,'or order, the.prmciV slim Thirty thousand three�hundred
<br />fifty and no/iOO --------------- Dollars (s. 30, 50.00
<br />date at the rate of Ei�ht�and one/half I , ), with interest from
<br />per cc ntu 11m( 8.50
<br />%) Per:annum on
<br />the unpaid balance until paid. The said principal and interest shall be payable at!t�e office of Northland Mor�gage Company
<br />in St. Paul, Minnesota or at such other place as ihe holder of
<br />the note may designate in writing, in monthly installments of Two hundre thirty—three and 39/lQ0:__,___
<br />— — — — — — — — — — — — — — — — — 7 --------- Bollars (S 233.39
<br />December 19 75 and on'the first day 0 commending on the first day of
<br />e ch month thereafter until the pri6cipal and in-
<br />terest are fully paid, except :that the final payment of principal and intc�cst,: if not sooner paid, shall be due and
<br />payable on the first day of November 20Q5 �all a: ccording to the terms of a certain promis-
<br />sory note of even date herewith �cxecuted by the said Mortgagor.
<br />The Mortgagor in order moic fully to protect the security of this Mortgage, , �rces*
<br />1. That he will pay the indebtedness, as hereinbefore provided. Privilege i,' reserved to pay the debt in whole, or in an
<br />amount equal to one or more nionthly payments on the principal that are next cile on the note, on the first day q . f any month
<br />prior to maturity: Provided, however, That written notice of an intention to cx ,lcise!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 princip,,'] and interest payable under th6'tterms 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 fu'lly paid, the
<br />following sitins'
<br />(a) An amount sufficient to provide the holder hereof with funds to pay the i
<br />1cXt mortgage in rcmium if this instru nt and the notc;secured hereby
<br />ire insured, or a monthly charge (in lieu of a mortgage insurance premium) if they arc hesldu �inmc
<br />lows: y the Secretary of Hou g and Urban Dc vc I lopmcnt, as foi-
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