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r 78889 -1 -20
<br />x 106763 Mor form is SUre m connection wo
<br />`� mortgages nnsuretl antler the one-to
<br />fourfamxy proNsims of the National
<br />Housing Act.
<br />r MORTGAGE
<br />THIS MORTGAGE. rtrde and executed thla � 20th day of November A.D. 1987 by and
<br />between Jerry D. Brown and A. Faye Brown, husband and wife gqointl
<br />and each in their own right,
<br />of fire County of Hall and the state of Nebraska, party of the Est part, hereitafter
<br />the Mortgagor. and FIRST FFTFRAr SAVTNre ACTT LOAN Accnrremrnra OF LTNrQ7N
<br />a corporation organised and existing under the laws of The United States of America party of the
<br />second part, hwitafter cried the Mortgagee,
<br />WtTNESSETH: That the said Mortgagor, for and in consideration of the sum of Forty Nine Thousand Nine Hundred Fifty
<br />and no /100 Dollars t,
<br />paid by the Mortgagee, the receipt of which is hereby acknowledged, has Granted and Sold and by these presents does Grant, Baru, Sell,
<br />Convey and Confirm unto the Mortgagee, its successors and assigns, forever, the following - described real Mate, situated in the County of
<br />Hall , and the State of Nebraska, to wit
<br />Lot Five (5), Western Heights Third Subdivision, to the City of Grand Island, Hall County,
<br />Nebraska.
<br />of the Sixth Principal Merin, containing in all 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 09" 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 law or in
<br />equity, and ore 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 deWered upon the following conditions, to wit:
<br />Th @ Morta to pay to the Mortgagee, or order, the principal sum of Forty Nine Thousand Nine Hundred Fifty
<br />and no Dollars($ ).
<br />with interest from date at the rate of Ten and one half per centum( 10.500 %) per annum on the unpaid
<br />balance until paid. The said principal and interest shall be payable at the office of First Federal
<br />Savings and Loan Association of Lincoln in Lincoln Nebraska ¢r ¢t such ether place
<br />as the holder at the note may designate la writing, in monthly lntaRn eats of our Hundred y x acid J2/ 100
<br />Dollars($ 456.92 ) commencing on the fast day of anuary
<br />and on the Est clay of each month thereaRer until the principal and interest are fully paid, except that the finalpayment of principal
<br />and interest, M not sooner paid, shelf be due and payable on the Mt day of December 2017 ; all according to
<br />tine to ms of a emaki promissory 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 />1. That he wig pay the indebtedness, as hereknbefore provided. Privilege is reserved to pay the debt, in whole or in part, on any
<br />instatiment due date.
<br />L2. That together with, and in addition to, the monthly payments of principal and interest payable under the terms of the note secured
<br />hereby, the Mortgagor will pay to the Mortgagee, on the first day of each month until the said note is tufty paid, the following sums:
<br />STATE OF NEBRASKA
<br />Wit) 92143M '9 -79�
<br />gage � of 3
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