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86"', 407367
<br />— MORTGAGE This form is used in connection
<br />with mortgages insured under the
<br />321- 112$911 -203 one- to fourfamily provisions of
<br />the to Housing Act.
<br />RE- RECORDED 87--100501
<br />z
<br />THIS MORTGAGE, made and executed this 23rdday of Decetaber A.D.
<br />19 86, by and between Janelle V. Knudsen
<br />of the County of Hall and State of Nebraska, party of the first part, hereinafter called
<br />the Mortgagor, and
<br />Occidental /Nebraska Federal, Savings Bank
<br />a corporation organized and existing under the laws of Nebraska
<br />party of the second part, hereinafter called the Mortgagee,
<br />WITNESSETH: That the said Mortgagor, for and in consideration of the sum of {
<br />gab Forty Two Thousand
<br />Thirt give sad no /.1100 --------------------------------- Dollars (S �q qqS5 fn1� ), paid by the
<br />Mortgages! the receipt of w /,c7 is hereby acknowledged, has Granted and Sold and by these pre3l64S"adeRU.nt, 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 Twenty —Four (24), Western Heights Third Subdivision, Hall County, Nebraska.
<br />This Mortgage is being re— recorded to include reference to the Adjustable Rate
<br />Rider which is recorded as part of this Mortgage.
<br />of the Sixth Principal Meridian, containing in all acres according to
<br />Government survey:
<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 ail
<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 />PROVIDED ALWAYS, and these presents are executed and delivered upon the following conditions, to wit:
<br />The Mortgagor agrees to pay to the Mortgagee, or order, the principal sum of F r Two Thousand T arty
<br />Five and no/ 100-------------------------------------------- Daflartf$ 42035.00
<br />with interest from date at the rate of S _v n and o half per centum( 7. Sogo)per annum on
<br />the unpaid balance until paid. The said principalearid interest shaiPbe payable at the office of
<br />in 9ccidental /Nebraska Federal Savings Bank . or at such other place as the holder of
<br />the note may designate ip�,fttnttft8yjl4nstallments of Two Hundred Ninety Three and 92(100---- -
<br />--------------------------------------- Dollars ($ 293.92 ), commencing on the first day of
<br />19 pp nd on the first day oP each month thereafter until the principal and
<br />interestiMbfdlgrtytid, except that the final payment of p4ncipal and interest, if not sooner paid, shall be due and payable on
<br />the first day of January , 201i all according to the terms of a certain promissory
<br />note of even date herewith executed by the said Mortgagor.
<br />LThe Mortgagor in order more fully to protect the security of this Mortgage, agrees:
<br />1. 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.
<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 clay of each month until the +aid note is litlh
<br />paid, the following sums:
<br />
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