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86- 100725 MORTGAGE "The Rider to the mortgage attached hereto and executed of even date I herewith is incorporated herein and the covenants and agreements of 1 the Rider shall amend and supplement the covenants and agreements of 'rnis form I5 Jwd ;n Muth morigages iliw -d under one- to four- famliy Drnvfve. ^s of the Natienat Rousing Act. this Mortgage." fit] THIS MORTGAGE. made and executed this 13th day of February a19 86 by and between Kevin G. McDermott and Diane L. McDermott, each in his and her own right c t tie sw y et Hdileach otherr, and State of Nebraska. party of the first part. hereinafter called the Mortgagor. and he Rau! table Building and Loan Association, 113 -115 North Locust St :, Grand Island, Nebraska a corporation organized and existing under the laws (if the State of Nebraska party of the second part. hereinafter called the 'Mortgagee. WITNESSETH: That the .aid Mortgagor. for and in cunsidrration of the sum of Nineteen Thousand Seven Hundred Fifty and n0/100 lloll«rs i5 19, 750.00 paid by the �9un- gagee, the receipt of M hich is hereto acknowledged. has Granter! and Sold and by these presents does Grant. Hat- Pain, Sell. Convey and Confirm unto the Mortgagee, its successor, and assIgm, forever, the following - descrihed nd State real estate. situated it,. the Court} of Hall of Nebraska. to wit: Lot Three (3), in Block One Hundred Fifteen (115) in Railroad Addition to the City of Grand Island, Hall county, Nebraska. of the Sixth Principal Meridian. containing in :ill --- - - - - -- acv .!cc siding n+ G+ +vern- ment survey: TO HAVE AND CO HOLD the premises ahoxe descrihed. :vnh all the :appurtenances thereunto belonging .ind including all heating, plumbing and lighting fixtures and equipment nitw or hereafter attached to or used in _onnection with stud real eatatc unto the Mortgagee. and to its successors and assigns. forever. The Mortgagor represents lo, and tot en ants tt iih, the Mori, gee, that the Mortgagor has good right to wil and aenvey said premises: that they are free from encumbrane nd that the Aorigagor will warrant and defend the same against the km ful claims of .dl persons whormoever: and the said Mortgagor here- by relinquishes all rights of homestead. and all martial nghts. either in fiw or in eqt m . and all other rmtingent interests of the Mortgagor in and to the above- described premises. the intention being to i m n hcrehy an a i,,olute title. in fee simple. includ- ing all rights of homestead. and other rights and interests as aforesaid. PROVIDED AI -WAYS and these presents are executed and deli, Bred upon the follow ing amditiom. to mt The Mortgagor agrees to pan to the Mortgagee. or ordeT. the principal sum of Nineteen Thousand Seven Hundred Fifty and no/ 100------------ --- ---- Dollart519,750.00 with interest from date at the rate of Ten and One -Half per cenrinn 1 10� 1 pet annum on the unpaid balance until paid. The said principal and interest shall he pa} able at the office of The Equitable Building and Loan Association in Grand Island, Nebraska sir at such other place as the holder of - the note may designate in wrung. to monthly installments of one Hundred Eighty and 66/100 ------ - — Dollars IS 180.66 i, commencing sin the fist day of March 19 86 , and on the lint da% of each month thereafter uniii the principal and in- terest are fully paid. except that the final payment of principal and inicrc;t, if not sooner paid, shalf he due and savable sin the first day of February 2016 all according to the terms of It cermin promis- sore note of even date herewith executed bit the said Mortgagor The Mortgagor in order more ful!v io protect the security of this Mortgage. agrees. 1. That he will pay the indebtedness. as herembefore provided. Privilege is reserved to pay the debt in wholr, or in :m amount equal to one or more monthly payments on the principal that are next due on the note. on the Iist day of am month prior to maturity: Provided. however. That written notice of an intention to exercise such privilege i, given at least thirty !?ot days prior io prepayment. M L '. That. together with, and to addition to. the monthly payments of principal .ind interest paIiable under the terms of the note ! secured hereby, the Mortgagor will pay to the Mortgagee, on the first d'a} of each month until the saitl note is full paid. the # following sums: r, (a) Amount suf!iciclit to pr�vide the holder he reoi with funds ui pay the nest m.ortgave utsurauc. pwililum !iva m,rrunent :arid the mill ;eaucd herchv arc insured. of .. nu nidtly cltarpe run itru a nn +Acne, mmram yr miturtl it thry arc iic!d by the Secular: tit Hnusut! and I, Thin! Devol "pnicni -:u I,;ilo", it tr„i n :rare .uh! the nc.uuir,ri , ,n.ur i :.r,i .. ;ci J e �iac.a. it h, _.. STATE OF Nr-IWA: ll;a