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<br />220600649
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<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 />88- 10t229
<br />
<br />HilS MORTGAGE, made and executed this 14TH day of MARCH
<br />19 88 ,by and between TERRY L. MARTIN AND BARBARA R. MARTIN, HUSBAND AND WI?E
<br />
<br />, A.D.
<br />
<br />of the Coullty 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 />FIFTY TWO THOUSAND TWO HUNDRED THIRTY NINE AND 00/100 ------Dollars ($ 52,239.00 ), paid by the
<br />Mortgagee, the receipt of which is hereby acknowledged, has Granted and Sold and by these presents docs 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 />LOT TWO (2), KNICKREHM 7TH ADDITION TO THE CITY OF GRAND ISLAND, HALL COUNTY,
<br />NEBRASKA.
<br />
<br />of the Sixth Principal Meridian. containing in all
<br />Government survey:
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<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 hereafter attached to or used in connection 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, that the Mortgagor has good right to sell and convey 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 all martial 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 AL WAYS, and these presents arc executed and delivered upon the following conditions, to wit:
<br />
<br />The MortgagQ! a.&r~s to-I1aY,.to the Mortgag,e.e...J)r ordernth\: llIincipal sum of
<br />FIFTY TWO THOUSA~D TWO HL~RED THIRTy NINE AND O,lUU ---______
<br />
<br />52,239.00
<br />
<br />Dollars ($
<br />
<br />),
<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 and interest shall be payable at the office of OCCIDENTAL NEBR FEDERAL
<br />SAVINGS BANKin 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 installments of FOUR HUNDRED FIFTY EIGHT AND 44/100 ________
<br />MAy-------------------------------SS-- Dollars ($ 458.44 ). commencing on the first day of
<br />, 19 , and on the first day of each month thereafter until the principal and
<br />interest are fully p~ff.cePt that the final payment of principal a~d~ifrest, if not sooner paid, shall be due and payable on
<br />the first day of . ; all according to the terms of a certain promissory
<br />note of even date herewith executed by the said Mortgagor.
<br />
<br />The Mortgagor in order more fully to protect the security of this Mortgage, agrees:
<br />
<br />I. That he will pay the indebtedness. as hereinbefore provided, PRIVILEGE IS RESERVED TO PAY THE DEBT,
<br />IN WHOLE OR IN PART, ON ANY -INSTALLMENT DUE DATE,
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<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 will pay to the Mortgagee. on the first day of each month until Ihe said note is fully
<br />paid, the following SUIlIS:
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