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<br />72,156-1-20
<br />8F 100290
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<br />]S.$g fl:,)rl��C�d dRS4rQ[t yRi}@f {h6 4r4.&-tfJ
<br />tsar -famNy provlarona of IhR National
<br />Mpuair+� Act.
<br />MORTGAGE
<br />THIS MORTGAGE, made and executed this 16th day of_ January A.D. 1987 by and
<br />between
<br />ever y. Mccloud, a single person,
<br />of the County of and the State of Nebraska, party of the first part, hereinafter
<br />called the Matga FIRST F�DERAi; SAV�Nr,S AND 7 OdN ASSn(j Trnx DE T TNrOT N
<br />a corporation organized and existing under the laws of The United States of -America patty of the
<br />second part, hereinafter caged the Mortgagee,
<br />09 I6rT1 : That the said Mortgagor, for and in consideration of the sum of Thirty Eight Thousand Four Hundred and
<br />00 Dollars ($ 38400.0 i
<br />paid by the Mortgagee, the receipt of which is hereby acknowledged, has Granted and Sold and by these presents does Grant, Bargain, Sect.
<br />Convey d Confirm unto the Mortgagee, its successors and assigns, forever, the following- described real estate, situated in the County of
<br />and the State of Nebraska, to wit:
<br />Lot Six (6), in Block Four (4), in Woodbine Addition, an Addition to the City of
<br />Grand Island, Hall County, Nebraska.
<br />of the Sixth Principal Meridian, containing in aft city property acres according to Government survey:
<br />TO HAVE AND TO HOLD the premises above described, with all the appurtenances thereunto belonging and including all heating, plumbing
<br />and fighting fixtures and equipment now or hereafter attached to or used in connection with said real estate unto the Mortgagee, and to its
<br />successors and assigns, forever. The Mortgagor represents to, and covenants with, the Mortgagee, that the Mortgagor has good right to sell
<br />and convey said premises; that they are free from encumbrance; and that the Mortgagor will warrant and defend the same against the lawful
<br />claims of all persons whomsoever; and the said Mortgagor hereby relinquishes all rights of homestead• and all martial rights, either in taw or in
<br />equity, and all other contingent interests of the Mortgagor in and to the above - described premises, the intention being to convey hereby an ab-
<br />solute title, in fee simple, including all rights of homestead, and other rights and interests as aforesaid.
<br />PROVIDED ALWAYS, and these presents are executed and delivered upon the following conditions, to wit:
<br />n�t'ttgagor agrees to pay to the Mortgagee, or order, the principal sum of Thirty Eight Thousand Four Hundred and
<br />Dollars($ Jowuv. vu �
<br />with nterest from date at the rate of ne and one half per centum( 9. 500 %) per annum on the unpaid
<br />balance untll paid. The said principal and interest shag be payable at the office of First Federal
<br />Savinss and T oan Association of Lincoln in Lincoln Nebraska or at such other place
<br />as the holder of the note may designate in writing, in monthly installments of Three Hundred Twenty Two and 94/100
<br />Dollars($ 322.94 ), commencing on the first day of Marc
<br />and on the fast day of each month thereafter until the principal and interest are fully paid• except that the finalpayment of principal
<br />and interest, A not sooner paid, shag be due and payable on the first day of February 2017 erg according to
<br />the terns of a certain promissory note of evert date herewith executed by the said Mortgagor.
<br />'rho Mortgagor in order more fully to protect the security of this Mortgage, agrees:
<br />t. That he will pay the indebtedness, as hereinbefore provided. Privilege is reserved to pay the debt, in whole or in part. on any
<br />L`3t ailment due dale.
<br />2. That, together wth, and in addition to the monthly payments of principal and interest payable under the terms of the note secure(j
<br />"W'DIDy, the Mortgagor will pay to the Mortgagee, on the first day of each month until the said note is fully paid. the foilowmg sums:
<br />SIAIL of NEEI7ASKA
<br />�maE Ul i -
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