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<br /><, MORTGAGE
<br />This form is used in connccrion
<br />Hundred Thirty Two and no /100 ------------------------- - - - - -- Dollars (S 52732.00 ),
<br />with mortgages insured under the
<br />with interest from date at the rate of Eight per centum( $.000 %)per annum on
<br />one- to four family provisions of
<br />321 °1169627 -703
<br />the National Ifousirtls Act.
<br />87- 1Q2U8�
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<br />THIS MORTGAGE, made and executed this 14th day of April , A.D.
<br />19 87 , by and between John M. McMahon and Dianne McMahon , husband and wife
<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 orpnizef and existing under the laws of Nebraska
<br />party of the second part, hereinafter called the Mortgatice,
<br />WITNESSETH: That the said Mortgagor, for and in consideration of the sum of Fifty Two Thousand
<br />Seven Hundred Thirty Two and no /100 - ----- ----- --- - - - - - -- Dollars (S 52732.00 )+ pald by the
<br />Mortgape, the receipt of which is hereby acknowledged, has Granted and Sold and by these presents does 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 />Lot Nineteen (19), Kentish Hills Subdivision, 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 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 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 sum of Fifty Two Thousand Seven
<br />Hundred Thirty Two and no /100 ------------------------- - - - - -- Dollars (S 52732.00 ),
<br />with interest from date at the rate of Eight per centum( $.000 %)per annum on
<br />the unpaid balance until paid. The said principal and interest shall be payable at the office of
<br />in Mcidental /Nebraska Federal Savings Bank , or at such other place as the holder of
<br />the noee may Q.1kn M0 installments of Three Hundred Eighty Six and 93/100 - - - - --
<br />----------------------- ---------- - - -- -- .Dollars (S 386.93 }, commencing on the first day of
<br />19 g7 and on the first day of each month thereafter until the principal and
<br />tow4pa my paid. empt that the final pa of I t, if not sooner paid, shall be due and payable on
<br />IUK 44y Of May ; all according to the terms of a certain promissory
<br />note of even due herewith executed by the said Mortgagor.
<br />The M@TtpW in order am" ft* to protect oft murky of this M .
<br />I. Tho be as berclubeftire provided. PRIVILEGE IS RESERVED TO PAY THE f)URT.
<br />IN WHOLE OR IN PART, ON ANY INSTALLMENT DUE DATE,
<br />A,
<br />2. 71nd. tollifther with, and in addition to. the mornhly payments of principal and interest payable under the terms of
<br />the note wwW hereby. the MonMor will pay to the Mort , on the first day of each month until tit€ Laid note i, f ulls
<br />ttm fotlowint; .
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