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STATE OF NEBRASKA
<br />FHA FORM NO. 2143M
<br />(Rev. December 1972)
<br />O'l 0.9 1
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<br />'MORTGAGE MICRORINIED
<br />This form is used in connec-
<br />tion with mortgages insured
<br />-under the one- to four -family
<br />provisions of the National
<br />Housing Act.
<br />THIS MORTGAGE, made and executed this 5th day of November A.D.
<br />1975 Jyandbetween RENE B. RUFFNER and TAMIKO H. RUFFNER, Husband and Wife,
<br />of the County -of Hall and State of Nebraska, party of the first part, hereinafter called
<br />the Mortgagor, and BANCO MORTGAGE COMPANY
<br />a corporation organized and existing under the laws of the State of Iowa
<br />party of the second part, hereinafter called the Mortgagee,
<br />. WITNtSSETH: That the said Mortgagor, for and inconsideration of the suff.of Thirty -Two Thousand Eight,
<br />Hundred and No/100 -------------------------------- Dollars($ 32,800.00 ----- 1, paid by tile 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 />THISJS A PURCHASE MONEY MORTGAGE
<br />Lot Nine (9) in Sass Second Subdivision, being a part' of Section
<br />Fourteen (14), Township Eleven (11) North, Range Nine (9) West
<br />of the 6th P.M., in Hall County, Nebraska.
<br />of tile Sixth Principal Meridian, containing in all
<br />ment survey: 1 ,
<br />acres according to Govern -
<br />I TO HAVE AND TO HOLD the premises above described, with all the appurtenances thereunto belonging and including
<br />all heating, plumbingand lighting fixtures and equipment now or hereafter attached to or used in connection with said real estate
<br />unto the Mort . gagee, 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 whomsoever; and tile 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 tile
<br />Mortgagor in and to the above-described premises, tile intention being to convey hereby an absolute title, in fee simple, includ-
<br />ingall rights of homestead, and other rights and interests as aforesaid.
<br />PROVIDED ALWAYS, and these presents are cxecutedand delivered upon the following conditions, to wit:
<br />The Mortgagor agrees to pay to the Mortgagee, or order, the principal sum of Thirty -Two Thousand Eight
<br />Hundred and No/lOd ------------------ Dollars (S 32, 800. 00 ------------------- ), with interest from
<br />date at tile rate of Eight per ccntum ( ---- 8 --------- %) perannum on
<br />the unpaid balance uniiI paid. The said principal and interest sliall be payable at tile office of Banco Mortgage Company
<br />in Waterloo, Iowa or at such other place as the holder of
<br />the note may designate in writing, in monthly installmentsof Two Hundred Forty and 75/100 ----------------
<br />------------------------------ Dollars($ 240. 75 ------------------ ), commending on the first day of
<br />January 19 76 , and on the first day of each month thereafter until the principal and in-
<br />terest are fully paid, except that tile final payment of principal and interest, if not sooner paid, shall be due and
<br />payable on the first day of December, 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 fie will pay tile indebtedness, as hereinbefore provided. Privilege is reserved to pay the debt in whole, or in an
<br />a
<br />amount equal to one or more monthly payments on the principal that.are next.due on the note, on the first day of , ny nionth
<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 firstday of each month until tllc�said note is fully paid, the
<br />following surils:
<br />(a) An a in I ount sufficient to provide tile hot * der hereof with funds to pay the next inortgage insurance premium if this instrument and the note secured hereby
<br />arc insured. or a monthly charge (in lieu of a mortgage insurance premium) if they are held by the Secretary of Housing and Urban . Development, as foi-
<br />lows:
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