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MORTGAGE <br />32t- 1154117 -703 <br />This form h used in mntteciion <br />with mortgages iusured under the <br />one- to four - family provisions of <br />the National Housing Act. <br />THIS MORTGAGE' made and executed this 23rd d y of March . A.D. <br />19 87 , by and between Gary Lee Christensen and Pamela Lynn Hempel, both single persons <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 Forty Two Thousand <br />Nine Hundred Fifty Sig and no /100 ----------------- --- - -- Dollars (S 42956.00 ), 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 Confvm 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 Nine (9), Virden Subdivision, in the City of Grated Island, Hall County, <br />Nebraska. <br />of the Sixth Principal Meridian, containing in all acres according to <br />Government Survey: <br />L� <br />TO HAVE AND TO HOLD the premises above described, with all the appurtenances thereunto belonging and <br />including all heating, plumbing and lighting futures and equipment now or hereafter attached to or used in connection with <br />said teal 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 sa;d 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 />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 stem of Forty Two Thousand Nine <br />Hundred Fifty Six and no /100--------------------------------- Dollars (S 42956.00 ), <br />with interest from date at the rate of Eight and one half per centum( 8.500 %)per anntun on <br />the unpaid balance until paid. The said principal and interest shalt be payable at the office of <br />in Occidental /Nebraska Federal Savings Bank or at such other place as the holder of <br />the note may destgoa:91114wtiM in §fly installments of Three Hundred Seventy Two and 79/100 - - -- <br />--------------------- -- ---------- - -- - -- Dollars (S 372.79 ), commencing on the first day of <br />tt. , 19 87 , and on the first day of each month thereafter until the principal and <br />intargtyare fully paid, except that the final payment of principal a z if not sooner paid, shat! be due and payable on <br />the fiat day of April all according to the terms of a certain promissory <br />now of evert date herewith executed by the said Mortgagor. <br />The 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 ante secured hereby, the Mortgagor will pay to the Mortgagee. on the first day of each month until the said note is fully <br />Paid. the following sums: <br />oo <br />'a cn - - <br />_ ra <br />so <br />CAc <br />of the Sixth Principal Meridian, containing in all acres according to <br />Government Survey: <br />L� <br />TO HAVE AND TO HOLD the premises above described, with all the appurtenances thereunto belonging and <br />including all heating, plumbing and lighting futures and equipment now or hereafter attached to or used in connection with <br />said teal 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 sa;d 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 />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 stem of Forty Two Thousand Nine <br />Hundred Fifty Six and no /100--------------------------------- Dollars (S 42956.00 ), <br />with interest from date at the rate of Eight and one half per centum( 8.500 %)per anntun on <br />the unpaid balance until paid. The said principal and interest shalt be payable at the office of <br />in Occidental /Nebraska Federal Savings Bank or at such other place as the holder of <br />the note may destgoa:91114wtiM in §fly installments of Three Hundred Seventy Two and 79/100 - - -- <br />--------------------- -- ---------- - -- - -- Dollars (S 372.79 ), commencing on the first day of <br />tt. , 19 87 , and on the first day of each month thereafter until the principal and <br />intargtyare fully paid, except that the final payment of principal a z if not sooner paid, shat! be due and payable on <br />the fiat day of April all according to the terms of a certain promissory <br />now of evert date herewith executed by the said Mortgagor. <br />The 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 ante secured hereby, the Mortgagor will pay to the Mortgagee. on the first day of each month until the said note is fully <br />Paid. the following sums: <br />