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220600614
<br />MORTGAGEThis
<br />form is used in connection
<br />TO HAVE AND TO HOLD the premises above described, with all the appurtenances thereunto belonging and
<br />with mortgages insured under the
<br />including all heating, plumbing and lighting Fixtures and equipment now or hereafter attached to or used in connection with
<br />one. to four - family provisions of
<br />with, the Mortgagee, that the Mortgagor has good right to sell and convey said premises; that they are free from
<br />the National Housing Act.
<br />encumbrance; and that the Mortgagor will warrant and defend the same against the lawful claims of all persons whomsoever;
<br />.-' 106806
<br />THIS MORTGAGE, made and executed this 23RD day of NOVEMBER
<br />, A.D.
<br />19 87 , by and between KELLY J. MENDYK AND CHRISTINE S. MENDYK, HUSBAND AND WIFE
<br />of the County of HALL , and State of Nebraska, party of the first part, hereinafter called
<br />the Mortgagor, and OCCIDENTAL NEBRASKA FEDERAL SAVINGS BANK
<br />a corporation organized and existing under the laws of IEBRASKA
<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 />TWENTY SIX THOUSAND SEVEN HUNDRED EIGHTY TWO AND 00 /100--- -- Dollars ($26,782.00 ), 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 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 THREE (3), BLOCK TWO (2), IN PARK PLACE ADDITION TO THE CITY OF GRAND ISLAND, HALL
<br />COUNTY, NEBRASKA.
<br />7
<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 M�r�g�o_r sg�s to to 4 M rt pr order tie D t teal sum of
<br />TWENTY SIX THUSAND SEVEN DRE EYGTWO AND 00 /i�-- - -- - --- cellars (S 26,782.00 )
<br />with interest from date at the rate of NINE AND ONE—HALF per centum( 9.500 %)per annum on
<br />the unpaid balance until paid. The said principal and interest shall be payable at the office of OCCIDENTAL NEBR FEDERAL
<br />- - -� -
<br />SAVINGS BANK in 11704 W CENTER RD OMAHA,NE 68144 or at such other place as the holder of
<br />the note may designate in y tinj, in monthly installments of TWO HUNDRED TWENTY FIVE AND 20/100 -- --- - - - - --
<br />JANUARY 88 Dollars (S 225.20 ), commencing on the first day of
<br />19 and on the first day of each month thereafter until the principal and
<br />interest arc fully that the final payment of principal aAilerest, if not sooner paid, shall be due and payable on
<br />the rust Fay of I -. all according to the terms of a certain promissory
<br />[tote of even date herewith execute by the said Mortgagor.
<br />The Mortlgagor in order more fully to protect the security of this Mortgage, agrees:
<br />1. Than he will pay the indebtedness, as hereinbefore provided. PRIVILEGE IS RESERVED TO PAY THE DEBT,
<br />t�
<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 Mottgagor will pay to the Mortgagee, on the first day of each month until the said note is fully
<br />paid, the following sums:
<br />
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