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<br />State of Nebraska
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<br />Mortgage
<br />88- 10:1300
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<br />~;~~~231345-203b~
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<br />This Mortgllge. made and executed this 18 day of March
<br />19 88 , by and between Rick D. Kraft and Traci L. Kraft, husband and wife
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<br />of the County of
<br />the Mortgagor, and
<br />
<br />Hall , and State of Nebraska, party of the first part, hereinafter called
<br />Home Federal Savings and Loan Association of Grand Island
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<br />a corporation organized and existing under the laws of Nebraska
<br />party of the second pan, hereinafter called the Mortgagee,
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<br />Witnesseth: That the said Mortgagor, for and in consideration of the sum of Thirty Four Thousand, Eight
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<br />Hundred and no/1oonnn-n-nnnn-nnuu-u- Dollars ($ 34,800.00 ), paid by the Mort-
<br />gagee, the receipt of which is hereby acknowledged, has Granted and Sold and by these presents does Grant. Bargain, Sell, Convey
<br />and Confirm unto the Mortgagee, its successors and assigns, forever, the following.described real estate, situated in the County of
<br />Hall , and State of Nebraska, to wit:
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<br />Lot Eight (8), in Block Two (2), in Island Acres Number Two (2), being a replat of
<br />LOts One (1), Two (2), Three (3), Five (5), Six (6) and Seven (7), in Island Acres,
<br />a Subdivision in the City of Grand Island, Hall County, Nebraska.
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<br />The rider to the mortgage attached hereto and executed of even date herewith is
<br />incorporated herein and the covenamts and agreements of the rider shall amend and
<br />supplement the covenants and agreements of this mortgage.
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<br />"THIS IS A PURCHASE MONEY MORTGAGE"
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<br />of the Sixth Principal Meridian, containing in all
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<br />city lot
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<br />acres according to GO'''~:l1ment survey:
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<br />To Have and To Hold the premises above described, with all the appurtenances thereunto belonging and including all heating,
<br />plumbing and lighting fixtures and equipment now or hereafter attached to or used in connection with said real estate unto the Mort.
<br />gagee, and to its successors and assigns, forever. The Mortgagor represents to, and covenants with, the Mor';lagee, that the Mort-
<br />gagor has good right to sell and convey said premises; that they are free from encumbrance; and that the Mortgagor will warrant and
<br />defend same against the lawful claims of all persons whomsoever; and the said Mortgagor hereby relinquishes all rights of homestead.
<br />and all marital rights, either in law or in equity, and all other contingent interests of the Mortgagor in and to the above.described
<br />premises, the intention being to convey hereby an absolute title, in fee simple, including all rights of homestead, and other rights and
<br />interests as aforesaid,
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<br />Provided Alwa)'s, and these presents are executed and delivered upon the following conditions, to wit:
<br />The Mortgagor agrees to pay the Mortgagee, or order, the principal sum of Thirty Four Thousand, Eight Hundred
<br />and no/1 oo--u -- __uu__u_uu_ u_u ______u_uuuu_u Dollars ($ 34,800.00 ),
<br />with the interest from date at the rate of Nine and one half per centum ( 9.50 070) per annum on the
<br />unpaid balance until paid, The said principal and interest shall be payable at the office of Home Federal Savings and
<br />Loan Association of Grand Island, 221 South LOcust
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<br />in Grand Island, Nebraska , or at such other place as the holder of the note
<br />may designate in writing, in monthly installments of Two Hundred Ninety Two and 62/1oo-n--------------
<br />_________n_________ Dollars ($ 292.62 ), commencing on the first day of May
<br />19 88 ' and on the first day of each month thereafter until the principal and interest are fully paid, except that final payment of
<br />principal and interest, if not sooner paid. shall be due and paY3ble on the first day of April
<br />20 1 8 ; all according to the terms of a certain promissory note of even date herewith executed by the said Mortgagor.
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<br />This form is used in connection with mortgages insured under the one. to four.family programs of the National Housing Act which reo
<br />quire a One.Time Mortgage Insurance Premium payment (including sections 203(b) and (i)) in accordance with the regulation~ for those
<br />programs.
<br />Previous Editions Are Obsolete
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<br />Form 2665 (8710)
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<br />Page 1 of 4
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<br />HUO-9~14~M'1 (11.86 Editionl
<br />. " 24CFR 203.17(a)
<br />To Reorder Call: GREAT LAKES BUSINESS FORMS, INC.
<br />Nationally 1.BOO.253.0209 . Mochigan 1-800.35B.2643
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