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MORTGAGE This form is used in connection
<br />with mortgages insured under the
<br />one- to four - family provisions of
<br />321-1174945-203 the National Housing Act.
<br />87- 101734
<br />THIS MORTGAGE, made and executed this 31st day of March A.D.
<br />19 87 , by and between Randy Eugene Kraft, a single person
<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 Sgvir*8 Bank
<br />a corporation organized and eadsting under the laws elf
<br />party of the second part, hereinafter called the Mortgagee, Nebraska
<br />%iTNESSETH: That the said Mortgagor, for and in consideration of the sum of Thirty One Thousand
<br />Nine Hundred Fifty Four and no /100---------- ----- - ---DoHM ($ 3 ), paid by the
<br />Mortgagee, the receipt of which is hereby acknowledged, has Granted and Sold and by these p=A A 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 />Fractional Lot Six (6), Block Fifteen (15), Lambert's Addition to the City of Grand
<br />Island, Hall County, Nebraska• and Fractional Lot Seven (7), except the Westerly
<br />Thirteen and Two Tenths (13.23 Feet thereof, and all of Fractional Lot Eight (8)
<br />Block Eight (8), Evans Addition to the City of Grand Island, Hall County, Nebraska.
<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 beating, 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 abov"escr,bed 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
<br />- - -- r i 9ae Thousand Ni
<br />nf
<br />Hundred Fifty Four and no /100 ------- - - - - -- -- 31954.W
<br />with interest from date at the rate of Nine per centumf 9,004 %)per annum on
<br />the unpaid balance until paid. The said principal and interest shall 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 design iQminh ytiAW in6Bdr41ily installments of Two Hundred Fifty Seven and 11 /100------ - - - - --
<br />------ '- --------------------------------- Qollars (S 257. 1 )= commencing on the first day of
<br />, 19 and on the first day o each month thereafter until the principal and
<br />inteNdtgtre folly paid, except that the final payment %I principal and interest, if not sooner paid, shall be due and payable on
<br />the first day of April 2017 ; all according to the terms of a certain promissory
<br />note of even date herewith executed by the said Mortgagor.
<br />The Mortgagor in order more fully to protect the security of this Mortgage, agrees:
<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.
<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 the said note is full.
<br />paid, the following sums:
<br />J
<br />
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