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<br />220600634
<br />
<br />MORTGAGE
<br />
<br />This form is used in connection
<br />with mortgages insured under the
<br />one- to four-family provisions of
<br />the National Housing Act.
<br />
<br />100539
<br />
<br />88-
<br />
<br />1988
<br />
<br />THIS MORTGAGE, made and executed this 29TH day of JANUARY
<br />, by and between RONALD L. VON BEHREN AND UNA M. VON BEHREN, HUSBAND AND WIFE
<br />
<br />,A.D.
<br />
<br />of the County of HALL ' and State of Nebraska, party of the first part, hereinafter called
<br />the Mortgagor, and OCCIDENTAL NEBRASKA FEDERAL SAVINGS BANK
<br />NEBRASKA
<br />
<br />a corporation organized and existing under the laws of
<br />party of the second part, hereinafter called the Mortgagee,
<br />
<br />WITNESSETH: That the said Mortgagor, for and In consideration of the sum of
<br />FORTY TWO THOUSAND TWO HUNDRED SIXTY TWO AND 00/100..:.------- Dollars ($42,262.00 ), paid by the
<br />Mortgagee, the receipt of which Is hereby acknowledged, has Granted and Sold and by these presents does Grant, Bargain,
<br />Sell, Convey and Confirm unto the Mortgagee, Itssuccessors and assigns, forever, the followlng-described real estate, situated
<br />In the County of HALL ' and State
<br />of Nebraska, to wit:
<br />
<br />LOTS. FOURTEEN (14) AND SIXTEEN (16), IN BLOCK SIXTEEN (16), IN UNIVERSITY PLACE, AN
<br />ADDITION ~ THE CITY OF GRAND ISLAND, HALL COUNTY, lI.'EBRASKA.
<br />
<br />of the Sixth Principal Meridian, containing in all
<br />Government survey:
<br />
<br />acres according to
<br />
<br />TO HAVE AND TO . HOLD the premises above described, with all the appurtenances. thereunto belonging and
<br />including all heating, plumbing and lighting fIXtures and equipment now.or hereafter attached to or used in conn.:ction with
<br />said real estate unto the Mortgagee, and to its successors and assigns, forever. The Mortgagor represents to, and covenants
<br />with, the Mortgagee, ~hat the Mortgagor has good right to sell and convey said premises; that they are free from
<br />encumbrance; and that the Mortgagor win warrant and defend the same against the lawful claims of all persons whomsoever;
<br />and the said Mort~orhereby relinquishes all rights of homestead, and all martial rights, either in law or in equity, and all
<br />other contingcntinterests of the Mortgagor in and to the above-describcd premises, the intention being to convey hereby an
<br />absolute title, in fee simple, including all rights of homestead, and other rights and interests as aforesaid.
<br />
<br />PROViDED ALWAYS, and these presents are executed and delivered upon the following conditions, to wit:
<br />
<br />The Mortgagor aarees to pay to the Mortgagee, or order, the prlntipal sum of
<br />FORTYTi.CfTHOUSAm> TNOHUHDRED SIXTY '!'NO AND 00/100 --------------OoOars ($ 42,262.00 ),
<br />
<br />,- -
<br />
<br />witliinterestJromclllte atth~rateorTEN AND ONE-HALF . per centum(10.500 'Io)per annum on
<br />the~paid~unmpaid. The said principaL and interest shall be payable at the office of OCCIDENTAL NEBR FEDERAL
<br />SAVINGS BANK in. .11704" ~NTf:R RD 0WiliA,NE68144 ' or at such other place as the holder of
<br />t~note'maYdes""tcan wntmg, 10 monthlyins~ts of THREE HUHDREDEIGHTY SIX AIm 59/.100 _______
<br />-----~--------~:-__:--..----------------...-,..--- Oollafs(:J. .... .. .. ), commencIng on tlie first day of
<br />~C~ .... .. ........ ....... .... .'. ...... .. . .,.1988 ,and onthe firs~'!~f a~e.eh month thereafter until tlie principal and
<br />intcreslllJ"(fuUY~,= th....thefinalpa~t of piinclpaland intcrest.lfnot s~ner paid, shall be due a~d paya~le on
<br />thenrytday.ofc;.,~~< ....... .... . ... ..... . ,. .... .... . 20,18;all accordmg to the terms of a ccrtam promIssory
<br />not~CJf evCl.f~tc ~~b,ei(ecu!~. by the ..~cI.. MOUlaaor.
<br />
<br />,.
<br />. TheM~.,ifi:~rdcitllOteruU~to protect the ~urity of this' Mortgage,qrt;e5:
<br />.,-.~<,,-- _c'
<br />
<br />r>-
<br />
<br />I.~the 'kill.pay the indebtedness, as heteintX!fore provided. PRIVILEGE IS RESERVED TO PAY THE DEBT,
<br />INWHOLl!Ok IN PART, ON ANY INSTALLMBNT DUE DATE.
<br />
<br />/
<br />h,
<br />
<br />2. That, to,tther with, and In addition to, the monthly payments of principal and interest payable under the terms of
<br />the note: secured. hereby, the Mortlla~or will pay to the Mortllallee, on the first day of each monch unci! the said note Is fully
<br />paid. the: followlnll SlIm$:
<br />
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