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<br />220600631
<br />
<br />88- 100655
<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 />THIS MORTGAGE, made and executed this 22NDdayof JANUARY , A.D.
<br />19 88 ,by and between LARRY DONALD CORNELIUS AND LANA JEAN CORNELIUS, HUSBAND AND WIFE
<br />
<br />of the County of HALL ' and State of Nebraska, party of the first part, hereinafter callcd
<br />the Mortgagor, and OCCIDENTAL NEBRASKA FEDERAL SAVINGS BANK
<br />NEBRASKA
<br />
<br />a corporation organized and eKisting 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 />FIFTY SEVEN THOUSAND SEVEN HUNDRED TWELVE AND 00/100 Dollars ($ 57,7,12.00 ), 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, its successors and assigns, forever, the following-described real estate, situated
<br />in the County of HALL ' and State
<br />of Nebraska, to wit:
<br />
<br />LOT SE"lEN (7), VALLEY VIEW THIRD SUBDIVISION, IN THE CITY OF GRAND ISLAND, HALL
<br />COUNTY, NEBRASKA.
<br />
<br />of the Sixth Principal Meridian, containing in all
<br />Government survey:
<br />
<br />acres according to
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<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 lJereafter attached to or used in connection 'with
<br />said .reaI estate unto the Mortgagee, and to its successors and assigns, forever. The Mortgagor represents to, and covenants
<br />with, the Mortgagee, that the Mortgagor has good right, to sell and cQnvey said premises; that they are free from
<br />encumbrance; and that the Mortgagor will warrant and defend the same against the lawful claims of all persons whomsoever;
<br />and the said Mortgagor hereby relinquishes all rights of homestead, and allmarti;ll rights, either in law or in equity, and all
<br />other contingent interests ,of the Mortgagor in and to the above-described 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 agrees to pay to the Mortgagee, or order, the principal sum of
<br />FIFTY SEVEN THOUSAND SEVEN HUNDRED TWELVE AND 00/100 Dollars ($ 57,712.00 ),
<br />
<br />with interest from date at the rate of TEN . " per centum( 10.000 OJo)per annum on
<br />the unpaid balance until paid. The said principal aJldinterest ~hall be payable at the office of OCCIDENTAL NEBR FEDERAL
<br />SAVINGSQANKin 11704 W CENTER RD" OMAHA NE 68144 ' or at such other place as the holder of
<br />the note may 'designate in writing, in monthly installm'ents of FIVE HUNDRED SIX AND 46/100
<br />MARCH SS Dollars ($ 506,,46 ,', ), cO!\.lmenEi~g ~n the f~rst. dayof
<br />'i ,', " ' " ,,19 ,and on the firsHlay of each month thefeafterunttl the pnnclpal and
<br />inter~t~e;fUllyp.aidi\exceRtthatthefinatpa~e~tof PrinciPlllan~in\frest, if not s~oner paid, shall be duea~d paye~le on
<br />the first (illY o(FE~tJAY" '.. , .. ". ,'.,. ,,"..,'.".".,,'. ...', ,. , ,.?1; all accordmgto the terms of a certam promissory
<br />n.otc: of c:venllate h"r~ith executed byt~5 ~aid ~9rtgagor. .
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<br />Thl:M~(l@~6r ill QrderlllOre fullytoprhtectthf~lIrity of thist.d6rtgs$e, agrees:
<br />
<br />.. -. . .' ,
<br />t~'fhathewillp!lY the Indebtedne5S,~~h~!~hlbefore provided. PRIVILEGE IS RESERVED TO PAY THE DEBT,
<br />IN WHO).;E OR IN PART, ON ANY INSTALLMENT DUE DATE.
<br />
<br />2. That, together with. and in addition to, the monthly payments of principal and interest payable under the terms of
<br />the note secured hereby, the Mortgagor wUl pay to the Mortgagee, 011 the first day of ellch month until the slIid note is fully
<br />paid, the following slims:
<br />
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